One underrated property of permissionless platforms: you don't get steamrolled when you're small and can't fight back.

it's the small things that will make it clear to people with an audience that the best place to make a living from is on Farcaster

dont open an etsy shop 😃 (1/4) https://t.co/bLnG0WlRzF

a 🗡️🍉

One underrated property of permissionless platforms: you don't get steamrolled when you're small and can't fight back.

it's the small things that will make it clear to people with an audience that the best place to make a living from is on Farcaster

https://x.com/ama_a93/status/1899876550993977815

True but let's not forget the other side of that coin which is, as a user/consumer, if a bad actor fleeces you, you're often powerless to raise a claim against them. Dispute resolution hasn't made the jump to permissionless systems very well.

For every good business screwed by Etsy, how many consumers have been made whole from bad businesses? 

I don't know that answer, but it feels relevant to the discussion.

That's an interesting perspective. 

I agree on the prioritization of buyer over seller for Etsy, but I wouldn't have associated it with the payment rails. Might very well be true. 

I'm thinking that there are plenty of sellers. A little attrition here is negligible, users will just buy something else. 

Losing a potential buyer tho, that affects platform traffic as a whole. One bad experience, doesn't matter who the seller is. Buyer loses faith in Etsy as a platform.

They have more to lose sacrificing a buyer over a seller. 

To wit: chargebacks in crypto are impossible. At best you can use an escrow system, but once the money is transferred it's over.

Fair point 

What's interesting to me is how the behavior of the platform is dictated by the flaws of the underlying payment structures

it's in Etsy's interest to be disproportionately buyer friendly/seller adverse because chargebacks are such a pain to deal with and a risk for them

Better payment rails = fairer business for all involved