Replying to Avatar Jack D

The reputation and information angles aren't convincing me they are sufficient for fraud prevention. Fraudsters are liars. They can lie about who they are and commit the act again. The reputation argument also assumes those inclined to antisocial behavior are rational. In the most extreme cases, antisocial individuals want to burn the world.

So, a world where there is no justice for a first offense and the old lady stays robbed doesn't sound great. I mean, she checked his record and it was clean.
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sumjo 2y ago

No worries, I don't mind if you're not convinced. You are more than welcome to your opinion.

In the end laws obviously don't prevent fraud 100% just like free market isn't perfect either. Never claimed it was. I just prefer voluntary and decentralized solutions to coercive and centralized ones.

After all this is nostr. Innovative decentralized solutions are what make this conversation possible. Let's expand that spirit past social media and banking to solve other problems that were traditionally countered with coersion. 🤙

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