I fundamentally disagree with this for several reasons.
First, re counterparty risk, this is what reputation scores are for, and in my experience they work fairly well. Second, I think we are speaking from extremely different perspectives here. When I dont have a means of payment (say bc my bank blocked my account), I really dont care weather I'll pay a premium on my tx because my plan is not do engange in degen trading but to have money to live. Comparing a P2P marketplace necessary for people to transact in private (or even at all) to broker interfaces is not the right approach here imoo.
The point is also not that people are 'lazy users' – of course its nice for stuff to work at the click of a button, but the point is that people can easily be overwhelmed when facing complex systems, keeping them from using them at all – not because they are lazy, but because they dont understand them, which then also speaks to the liquidity issue.
Lastly, and again speaking to perspective, Im not talking about people doing six figure trades here. Im talking about people who earn their income in bitcoin or have no other means of payment and need to pay their bills, who will be facing complete financial exclusion unless they are willing to submit themselves to full surveillance tyranny.
L0la L33tz /
npub1mzn…6mak
2024-05-17 17:44:44
in reply to nevent1q…4a9a
Author Public Key
npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6makPublished at
2024-05-17 17:44:44Event JSON
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"content": "I fundamentally disagree with this for several reasons.\n\nFirst, re counterparty risk, this is what reputation scores are for, and in my experience they work fairly well. Second, I think we are speaking from extremely different perspectives here. When I dont have a means of payment (say bc my bank blocked my account), I really dont care weather I'll pay a premium on my tx because my plan is not do engange in degen trading but to have money to live. Comparing a P2P marketplace necessary for people to transact in private (or even at all) to broker interfaces is not the right approach here imoo.\n\nThe point is also not that people are 'lazy users' – of course its nice for stuff to work at the click of a button, but the point is that people can easily be overwhelmed when facing complex systems, keeping them from using them at all – not because they are lazy, but because they dont understand them, which then also speaks to the liquidity issue.\n\nLastly, and again speaking to perspective, Im not talking about people doing six figure trades here. Im talking about people who earn their income in bitcoin or have no other means of payment and need to pay their bills, who will be facing complete financial exclusion unless they are willing to submit themselves to full surveillance tyranny. ",
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