> legacy payments systems have fraud because of deferred settlement
> blockchains have quick finality, wow no fraud
> blockchains do not scale, let's introduce deferred settlement
> resultant systems predictably face fraud issues
who could possibly have foreseen this?
> blockchains have quick finality, wow no fraud
> blockchains do not scale, let's introduce deferred settlement
> resultant systems predictably face fraud issues
who could possibly have foreseen this?
(not saying it's not worth rebuilding these structures on a new foundation, but it's still interesting to point out the journey here)