Hacker News new | ask | show | jobs
by antidesitter 2877 days ago
How do you propose cash transactions be carried out over the internet?

How do credit/debit cards satisfy the proposition of a decentralized marketplace?

4 comments

"How do credit/debit cards satisfy the proposition of a decentralized marketplace?"

They're something that most people are actually using, allowing the marketplace to actually conduct commerce and exist.

Does a cryptocurrency-based market not conduct commerce and exist right now?

And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?

Not for most people, no.

"And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?"

They allow the market to actually exist, by using something that the people are actually using.

They allow the market to actually exist

But a decentralized market does exist with cryptocurrencies.

And credit/debit cards aren’t decentralized.

"And credit/debit cards aren’t decentralized."

Doesn't matter. That's what the majority of people are using; so if you want the marketplace to actually be able to serve people, and get them to actually buy stuff, you need to support them.

What the majority of people are currently using is irrelevant. The whole topic of this thread is creating decentralized markets, and you're saying the fact that these payment processors are centralized doesn't matter. That doesn't make any sense.
Perhaps the idea of a decentralized marketplace is a bad idea? What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?
Perhaps the idea of a decentralized marketplace is a bad idea?

Clearly not for the people using it right now.

What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?

Are you asking why someone would want to transact anonymously?

For most things, most people don't care.
Craigslist does fine [grasping for a number] 95% of the time.
they just don't