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bidandanswer | 2 years ago
The genie's out of the bottle. Once your funds are on chain, you have instant settlement, zero fees, and zero risk of an intermediary arbitrarily freezing your funds. No point in going back, unless your counterparty demands it.
consumer451|2 years ago
bidandanswer|2 years ago
I suspect the rest of the commercial world will become much friendlier to it as more and more businesses are onboarded.
The pros vastly outweigh the cons and if you need something like escrow (or another trusted intermediary) then you can always revert to the legacy financial system for that. Both have their use cases.