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Fraud is fraud, no matter the medium.
by DenisM 16y ago
Fraud is fraud, no matter the medium.
- deleted 16y ago[deleted]
- ceejayoz 16y agoSure, but if the government is indifferent or actively hostile, good luck getting restitution.
- wtallis 16y agoAre you saying that you think a court would dismiss a civil suit over a bitcoin transaction, or did you just fail include the scare quotes around "the government"?
- ceejayoz 16y agoGovernment antipathy could range from being uninterested in prosecuting criminal fraud to actively outlawing the currency. If it's outlawed, you've no more chance getting a civil suit through than the nitwits who call the cops when someone stole their marijuana.
- DenisM 16y agoGovernment is not a singular entity. The courts will generally judge a civil lawsuit, even if executive branch hates the subject with a passion. In fact, many of the lawsuits are against the government, and they get heard. All you need to do is show that you were wronged, and you can sue, and have your day in court. Of course if you open yourself up to criminal prosecution (which could be if legislative outlaws bitcoins, directly or not) then it's best not to pursue that route. But that doesn't matter, government is not the only entity that can resolve conflicts. Online reputation management, trusted third-party processors (escrow), the mob, and insurance companies can all reduce fraud to manageable size.