this post was submitted on 16 May 2024
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I don't have cameras in my store and i doubt you walk around with a gopro strapt to your forehead. Crypto stores develop reputation as well.
On what are you basing the opinion that MUCH larger percentage of the crypto ecosystem is devoted to scams? Legal action is the only recourse you have with cash, the same can be done with crypto. If design of crypto incentives scams then so does the design of cash.
Neither does cash, gift cards and all of the methods Nigerian princes and certified Microsoft technicians from IRS have been successfully using for years to scam their victims.
The whole point of making the system decentralized is so that a powerful actor can't seize control over it. There are hundreds of chains with different rules and regulations, you can chose the one that fits your needs, and if a powerful actor tries to change it's rules the community can decide that the version of the chain with altered rules isn't one they want to take part in and split off. It has happened before with block size wars that resulted in btc/bch split. Both chains run fine to this day, each with their own rules decided by their own community.