How do I get real money out of uniswap?
Ultimately there has to be an off-ramp, or it's no different from an ingame currency.
Ultimately there has to be an off-ramp, or it's no different from an ingame currency.
Not if people start using the cryptocurrency to actually pay for stuff. That's the point of money, after all.
So maybe, just maybe crypto is actually not very good as money, which is why people have been increasingly desperate to invent new stories to keep someone paying real money for crypto (digital gold, NFTs, etc.)
Frankly, it works well, but it's not user-friendly for non-technical users still.
And plenty of people take a far more negative view of crypto.
“caveat emptor” is a very poor society wide model.
[0] And a subway. Except the subway was elevated and the "proper" railway was submerged (but not covered): https://www.google.com/maps/search/S%2BU+Schönhauser+Allee+(...
[1] And to shortcut the conversation: Alice: *something about payment layers*, Bob: *how payment layers destroy the one thing BTC actually does provide*
How is crypto going to ensure the landscaper actually cuts my grass. I have to have some measure of trust and there has to be infrastructure to resolve disputes and try to make people whole. Once you have that, you are in many ways back at fiat currency.
I've also argued that we already have workable digital currency for regular consumer transactions. I pay my landscaper with Zelle. Who cares that it's denominated in dollars? Point is I can already move money practically wherever I want with the click of a button. And that money is already accepted by everyone I transact with.
Crypto is a solution looking for a problem. And money laundering/crime ended up being the problem they ended up solving. I'm enjoying watching this space slowly grind down / burn to the ground. Good riddance to a level of evil where the perps joke about the fact they're making money helping criminals "they're here for the crime" etc. 18 months is too little time in prison.
That's more than crypto offers me.
Same way cash ensured that. People generally don't pay until the service is done.
And escrow isn't really escrow (in the sense of independently verified), but honor based? At least based on the FAQ.
Since things like 'USD arrived in a bank account' can't be verified by a third party.
So, seriously - what's the point?
Regarding code, there have been attempts by people to take over p2p protocols before. Most famous was Justin Suns takeover of Steem. Since all the code was open source, most of the community forked the code over to Hive successfully. If a malicious actor tried something similar with Bisq, the community would just fork an older version of the code.
More fundamentally, these protocols work because people are incentivized to make them work. It’s quite different than the vc crypto with the big marketing budgets that most people hear about; most of those are just traditional finance reskinning itself.