Nostr Web Client

I'm not sure I'm following the point of the hypothetical?

You’re claiming anonymous or pseudo-anonymous actors bring in more fraud risk, correct? So when dealing with Lightning how would you introduce more fraud? I thought it actually might reduce the fraud you mentioned, that of when a retailer is paid with a fraudulent transaction by someone pretending to be someone else.

Relying on payment technology, rather than ID technology may actually do a better job at reducing the fraud, because you can’t pretend to be me and buy gas with my sats if I’m running my own Lightning node.

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Discussion

Mike Brock 2y ago

Stick with the e-commerce use case. In person payments are one thing. Obviously, cash is an anonymous system, and that works fine for in-person retail payments. But go back to the diamond ring example. How do you safely buy something like that anonymously, without extreme risk of rugpulls in the form of non-delivery of goods or services?

signal_and_rage 2y ago

A bills of lading model is the best I’ve been able to come up with for this problem. Know third party carriers facilitating the anonymous transactions for a fee.

Mike Brock 2y ago

Why will the average person jump through such hoops?

signal_and_rage 2y ago

They probably won’t, they will likely use conventional methods.

If people find value in anonymous transactions, they will continue to work on those efforts.

Mike Brock 2y ago

Then we agree.