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> In the brave new decentralized "free market" crypto world you are even more fucked if you have a problem. Who do you appeal to? Simple, if you need the extra
by ric2b 8y ago
> In the brave new decentralized "free market" crypto world you are even more fucked if you have a problem. Who do you appeal to?
Simple, if you need the extra safety you pay for the service of an intermediary, like PayPal or eBay or (in cryptoland) Purse.io.
If you don't need the extra safety, you don't.
Escrows can be even better with Bitcoin because of multi-signature transactions, the escrow can hold the payment without holding your money, so all they can do is approve the payment or not, they can't change the destination.
Rolling back the blockchain is like going to the government to reverse your $50 transaction, it doesn't make sense.