calvadev on Nostr: This is part of the reason why I generally think escrow and the need for arbitration ...

This is part of the reason why I generally think escrow and the need for arbitration will eventually be done with. The subsidization of the shopping experience online has greatly shifted the incentives and behavior on the buyer and seller side alike. With commerce decentralizing, I believe consumption will be driven down to essentials and "lifestyle" purchases like art, artisan crafts, and the like. Trust will also be brought up as an important factor when engaging online, and if someone ever does scam, they will be publicly shamed and probably not even have a reputation to begin with. It will become quite costly and time consuming to pull off a scam, and at that point it would be in the scammer's best interest to actually just become a reputable merchant and build up their reputation. In the short-term, this would probably lead to a decent amount of deception, but in the long-run it changes the incentive structure of existing marketplaces and "localizes" the shopping experience online.