Block Quote: 851043
'Then you must also be against the common system of payment up front, where the customer loses.
Payment up front: customer loses, and the thief gets the money.
Simple escrow: customer loses, but the thief doesn't get the money either.
Are you guys saying payment up front is better, because at least the thief gets the money, so at least someone gets it?
Imagine someone stole something from you. You can't get it back, but if you could, if it had a kill switch that could be remote triggered, would you do it? Would it be a good thing for thieves to know that everything you own has a kill switch and if they steal it, it'll be useless to them, although you still lose it too? If they give it back, you can re-activate it.
Imagine if gold turned to lead when stolen. If the thief gives it back, it turns to gold again.
It still seems to me the problem may be one of presenting it the right way. For one thing, not being so blunt about "money burning" for the purposes of game theory discussion. The money is never truly burned. You have the option to release it at any time forever.' August 11, 2010 - Satoshi Nakamoto
clearmined / ClearMined
npub1dj8…drq9
2024-07-07 06:19:09
Author Public Key
npub1dj8zwktp3eyktfhs5mjlw8v0v2838xlquxr7ddsanayhcw98fcks8ddrq9Published at
2024-07-07 06:19:09Event JSON
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"pubkey": "6c8e2759618e4965a6f0a6e5f71d8f628f139be0e187e6b61d9f497c38a74e2d",
"created_at": 1720325949,
"kind": 1,
"tags": [],
"content": "Block Quote: 851043\n\n'Then you must also be against the common system of payment up front, where the customer loses.\nPayment up front: customer loses, and the thief gets the money.\nSimple escrow: customer loses, but the thief doesn't get the money either.\nAre you guys saying payment up front is better, because at least the thief gets the money, so at least someone gets it?\nImagine someone stole something from you. You can't get it back, but if you could, if it had a kill switch that could be remote triggered, would you do it? Would it be a good thing for thieves to know that everything you own has a kill switch and if they steal it, it'll be useless to them, although you still lose it too? If they give it back, you can re-activate it.\nImagine if gold turned to lead when stolen. If the thief gives it back, it turns to gold again.\nIt still seems to me the problem may be one of presenting it the right way. For one thing, not being so blunt about \"money burning\" for the purposes of game theory discussion. The money is never truly burned. You have the option to release it at any time forever.' August 11, 2010 - Satoshi Nakamoto",
"sig": "9efdc3853a7fbdf9873a9dd6a72573753aeb511808db4417a7517600c321f094aba0e09a1397d0d7fd7aa7750507f28c9d500a2ccda579c8b1d45369a7053caf"
}