You misunderstand what "dispute resolution" means, at least in the context of so... | Hacker News

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		simiones on Oct 3, 2022 \| parent \| context \| favorite \| on: PayPal’s updated acceptable use policy [pdf] You misunderstand what "dispute resolution" means, at least in the context of someone proposing a blockchain as an alternative to PayPal. Dispute resolution refers to a buyer and a seller who used the platform to transact a good having a dispute over the payment. PayPal can arbitrate such a dispute (in principle - your mileage will definitely vary) and either refund the payment to a defrauded buyer, or protect a seller from a buyer seeking to abuse the system. Blockchains are entirely unable to help with this problem, as they are only a payment layer and have no information about things happening outside the blockchain itself, unlike PayPal.

charcircuit on Oct 3, 2022 [–]

>Blockchains are entirely unable to help with this problem

You can implement an escrow smart contract where a trusted third party controls when the money is released to the seller or refunded to the buyer.

simiones on Oct 3, 2022 | [–]

Then that trusted third party is the one that can solve this problem. The blockchain itself can not.

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