Post
Topic
Board Economics
Re: Have you ever thought of bringing back the Middleman - but decentralized?
by
mattukarsamb
on 14/12/2018, 11:33:25 UTC
I understand the intention behind this, however, I don't see how any community can be totally unbiased. It is simply impossible, and a fee based model would easily be corrupted.

The blockchain is the only middleman that matters in crypto, why would the community need another one? Scams are the more reason why folks should be careful how and to whom the spend their coins. Anything centralized can be manipulated to benefit whoever is running it. A bad idea if you ask me.



Bitcoin was created to cut out the middleman and eliminate the need for trust.
Yes there are hacks and scams happening and decent people are being affected but that is the cost of having a decentralised and open currency we have and enjoy.
I can see the point of the article and it is possible that some form of arbritige could be formed,
What kind of power would they have though?
with the decentralization system in the blockchain, it makes it safer, and avoids fraud, because we send it directly to the opponent of the transaction without any less effective intermediaries
Yes, you are sending directly to the opponent but what will be the guarantee for that opponent will be sending you exactly for what you are paying. For example in a case of not at all sending or sending lesser in quantity or in quality then how you will handle that situation and how you will avoid such a fraud ?

For this the governance of controlling both you and your opponent is must. This is what OP is explaining.