Low trust polities requires escrow (human two part key). Hence Alibaba over EBay

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Low trust polities requires escrow (human two part key). Hence Alibaba over EBay. Trust lowers transaction costs.

Source date (UTC): 2015-11-20 07:14:36 UTC

Original post: https://twitter.com/i/web/status/667601924112424961

Reply addressees: @devigoes4alpha @pmarca

Replying to: https://twitter.com/i/web/status/667450850445422592

IN REPLY TO:

@devigoes4alpha

@curtdoolittle @pmarca Notice #India dichotomy / trust deficit. I started first / failed b2c .in auction site.
eBay India still struggles.

Original post: https://twitter.com/i/web/status/667450850445422592

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