So I was tipping suds last night with a friend while we turned wrenches on his mid-80’s Yamaha YZ 250.
Somehow, even when greasy and stinking of old gas, I find it nigh onto impossible to avoid red pilling my friends and answering questions such as, “Wait, what the hell is fiat?”
Said friend makes a clean living and has three-year-old son. There’s nothing like looking out at the future your kids will inherit to prod you to wake up and smell the two-cycle oil.
Ask me how I know…
He grokked everything I told him and pledged to look deeper into it. Another job well done.
One concern he had, though, sparked me to realize we still have quite a way to go toward a fully decentralized and trustless global exchange – refunds!
He told me the story of a very expensive boat cover he’d purchased online, found it wasn’t as described and tried to get the vendor to make it right. After many moons of the cold shoulder, he turned to Am-Ex, who fully refunded his money.
He then went on to have that cover fitted by a local upholstery shop, for $100.
That man made out like a bandit!
I can’t speak for the rest of the world but it seems, here in the USA, we’re totally OK with banks making $178B/yr in processing and interest fees so we can be forgiven a lack of due diligence.
We’ve been blue pilled into believing that “Consumer Protection” has our back.
That’s going to be a BIG impediment to global adoption.