When you take a break from it and come back you notice the significant usability hurdles with little-to-no functionality payoff to justify them.
The vast majority of people simply do not need a less trust-based, more complex financial system.
That payment processor just has no support, no UX team, no security team, and nobody to hold accountable.
It’s actually a more trust based system than what we have. Instead of trusting a single payment provider, you need to trust a wallet extension, the website you’re on, and the contract you’re interacting with.
Any failure in judgement is also irreversible.
It’s just a really bad solution to a problem most people don’t even know exists.
What did that code do besides process transactions and distribute tokens?
Almost nothing.
It’d be the payment gateway layer of any backend. Processing payments and returning proof of purchase.
I can't wait for the biggest bank heist in history due to an exploit in a crypto algorithm.
I work at a bank. Do you know where the complexity comes from ?
It is all derived from: (1) risk management and (2) regulation compliance.
Crypto is simpler because it can't be bothered to take either seriously.