> This will eliminate most of the types of 'fraud' where thieves or scammers charge a card in an unauthorized way, because cryptocurrency does not require giving away credentials with that capability.
Please get back to us when the cryptocurrency ecosystem has a lower rate of fraud than the mainstream ecosystem. Until then it looks like you've just traded each episode of one kind of fraud for twenty episodes of another kind.
> If you want to add middlemen as companies built on the cryptocurrency, you can and for some things they might be useful.
Moxie's article on why centralization is inevitable resonated with me [0], and all the evidence I've seen suggests that crypto is just as vulnerable to it as anything else. The middlemen who are initially optional inevitably become a core part of the ecosystem that you can't get away from. See Gmail. The decision you get when building an ecosystem isn't whether there will be middlemen, it's whether to plan around them or not.
Please get back to us when the cryptocurrency ecosystem has a lower rate of fraud than the mainstream ecosystem. Until then it looks like you've just traded each episode of one kind of fraud for twenty episodes of another kind.
> If you want to add middlemen as companies built on the cryptocurrency, you can and for some things they might be useful.
Moxie's article on why centralization is inevitable resonated with me [0], and all the evidence I've seen suggests that crypto is just as vulnerable to it as anything else. The middlemen who are initially optional inevitably become a core part of the ecosystem that you can't get away from. See Gmail. The decision you get when building an ecosystem isn't whether there will be middlemen, it's whether to plan around them or not.
[0] https://moxie.org/2022/01/07/web3-first-impressions.html