Farley on Nostr: With a Bitcoin standard, the focus on scarcity and rarity could potentially lead to a ...

With a Bitcoin standard, the focus on scarcity and rarity could potentially lead to a shift towards lifetime warranties becoming more common. With a transaction ID, everything becomes much simpler and more transparent. No need for complex warranty claims processes or paperwork; just verify the transaction ID and you're good to go!

Imagine being able to prove that your product is still under warranty by simply showing the transaction ID from when you purchased it. The manufacturer could then verify the authenticity of the warranty using the blockchain, and resolve any issues without needing to involve third-party administrators.