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Right, shoplifting doesn't exist. Movie theaters run around profitably by getting people to pay whatever they want. They even let them bring their own food. And banks give you a mortgage just because you look like such a trustworthy dude.


How does crypto solve shoplifting?

Banks do credit worthiness checks as part of business.

Movie theaters actually do keep a banned list and enforce it.


My comment was just meant to show the absurd of "not making business if you don't trust the customer"


But that is literally what your examples are doing! Either not doing business because of lost trust or establishing trust before giving money.


No. What I am saying is that for the majority of cases, there is no "trust" involved. There is a protocol that ensures that the exchange occurs properly, regardless of any trust relationship between customer and seller.




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