Aug. 7, 2010: While (a theoretical escrow) system does not guarantee the parties against loss, it takes the profit out of cheating. … Now, an economist would say that a fraudulent seller could start negotiating, such as “release the money and I’ll give you half of it back”, but at that point, there would be so little trust and so much spite that negotiation is unlikely. Why on earth would the fraudster keep his word and send you half if he’s already breaking his word to steal it? I think for modest amounts, almost everyone would refuse on principle alone.
Imagine an escrow system that's like a referee for deals – it won't give you a "cheater's profit" trophy! 😄 Sure, an economics expert might say a scammer could try to haggle, "Give cash now, and I'll toss back half later." But honestly, at that point, trust is smaller than a sneezing ant, and grudges are bigger than Everest. Who'd believe Mr. Fraud anyway? If they're already fibbing to nab, half-promises are like a joke no one's laughing at! 🃏🕵️♂️
#bitcoin #crypto #quote #zap
#SatoshiNakamoto While (a theoretical escrow) system does not guarantee the parties against loss, it takes the profit out of cheating. … Now, an economist would say that a fraudulent seller could start negotiating, such as “release the money and I’ll give you half of it back”, but at that point, there would be so little trust and so much spite that negotiation is unlikely. Why on earth would the fraudster keep his word and send you half if he’s already breaking his word to steal it? I think for modest amounts, almost everyone would refuse on principle alone.
**Dropped the mic, now for some tips:**
1. When in doubt, dance the "Trust Tango" with escrow.
2. Don't let cheaters swipe your profit-piñata!
3. Remember, promises from a scammer are flimsier than a paper kite in a storm. 🪁🌪️
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