Sheesh if it’s that easy next just need access to buyers. And also an escrow to prevent scams. People may forget but PayPal really helped eBay grow by giving buyers confidence that they won’t be scammed.
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I am reminded of the following SN quote:
“The design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc. If Bitcoin catches on in a big way, these are things we’ll want to explore in the future, but they all had to be designed at the beginning to make sure they would be possible later.”
I just wonder how escrow could be done in a trustless way for the online sales of physical goods. All escrow services are trusted, and have a customer service based system to go file your complaints to, but SN speaks of escrow transactions designed from the beginning to be possible later.
I remember seeing on twitter, some guys made a door lock integrated with a lightning wallet address using NFC to pay cover to unlock the door. I wonder if there could be some system where a package making it to that door and being scanned in to that NFC lightning wallet and partially signs a multi-sig escrow payment to confirm package was delivered.
I don't know, it's hard for me to wrap my head around how this could be done without a custodian, where the buyer and the seller have equal protections. I personally foresee reputation based systems playing a significant role here. Maybe new legit merchants will have to take a discount to gain rep... but then we perceive low price and no reputation to be a red flag too, so, I'm not sure how we win this one. Hopefully people much smarter than me are working on it.
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One small sticker for a pleb, one giant leap for censorship resistant commerce.
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