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Eddy Lazzarin 🟠
@eddy
Everyone is talking about payments.
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Philip Decker
@psd
Of course they are. Probably just finished reading Payments Systems in the US by Benson, and see crypto as a way to save merchants 3% on every swipe. They’ll be convinced of that until next month when they get to Debt by Graber. Then they’ll be in here spouting about how pre-modern economies operated on systems of credit rather than currencies. That’s gonna last until next year when they’ll be regurgitating Dee Hock and, talkin’ about, you know, “network of networks” and “chaordic organizations”. They’ll suddenly see crypto as the next financial “great leap”, and launch a yield-bearing stablecoin, the 27th on the market, when everyone still pays with credit cards and loves points. See, the sad thing is that in 50 years they’ll start doing some thinking for themselves, and they’ll realize 2 things: 1. Don’t do that. And 2 - payments is all about TRUST and INCENTIVES. Crypto still lacks both.
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