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> You'd end up arrested and jailed at some point. - assuming they didn't flee - assuming they didn't spend the bitcoin - assuming they didn't transfer the bitco
by nelsonenzo 6y ago
> You'd end up arrested and jailed at some point.
- assuming they didn't flee
- assuming they didn't spend the bitcoin
- assuming they didn't transfer the bitcoin, and then claim it was stolen/lost.
With fiat controlled by banks, most liquid assets are frozen during these sorts of disputes for the above reason. A threat of jail in the future also doesn't really help the other person during that timeframe.
Cash does magically appear, actually. It's printed by mints and released via monetary control.
- shawnz 6y agoCivil forfeiture has become a controversial issue lately. It's not clear that the ability of financial institutions to do that is actually a net positive for society. Consider how it'd be easier to catch criminals without the fourth and fifth amendment, but it is thought to be more important that we provide protections against government overreach.