←back to thread

Upwork just stole $10k from me

(twitter.com)
342 points dustedcodes | 4 comments | 25 Feb 23 10:08 UTC | HN request time: 0.002s | source
Show context
EVa5I7bHFq9mnYK ◴[25 Feb 23 12:08 UTC] No.34936046[source]▶
Exactly the case where Bitcoin could be useful. I remember paying someone 0.6 BTC for a day's work processing a bunch of photos :) As to those sites, Fiverr proved the most convenient, hired a lot of contractors there. They accepted Bitcoin at that time, not sure about now.
replies(3): >>34936092 #>>34936119 #>>34936395 #
1. moonchrome ◴[25 Feb 23 12:15 UTC] No.34936092[source]▶
What exactly would be solved by Bitcoin here ?

Bitcoin is not an escrow, and crypto escrow is a joke for contracting - by the time you deliver the crypto value could be off insanely.

replies(2): >>34936223 #>>34936602 #
2. EVa5I7bHFq9mnYK ◴[25 Feb 23 12:41 UTC] No.34936223[source]▶
Currency stability is a relative and psychological issue; for someone in Russia, people holding USD are crazy adventurers, as value of US dollar fluctuated from 120 rubles to 50 and now back to 76, all within a year. For a Bitcoiner, a USD hodler irresponsibly lost 99% of his savings within a few years.
replies(1): >>34936422 #
3. Laaas ◴[25 Feb 23 13:14 UTC] No.34936422[source]▶
The important part is its value relative to the value of your expenses.
4. ilaksh ◴[25 Feb 23 13:44 UTC] No.34936602[source]▶
Actually with advanced cryptocurrencies this is false. One can build an escrow system that uses a stablecoin and does not require a third party. (It's also possible to build in different types of public arbitration if you want.)