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And why would this "legal system" not apply to BTC transactions? It is the same as paying someone in cash. The kind of currency used for payments has nothing to
by wladimir 15y ago
And why would this "legal system" not apply to BTC transactions? It is the same as paying someone in cash. The kind of currency used for payments has nothing to do with whether to punish fraudsters and cheats or not.
- joe_the_user 15y agoYou have a point ... except that if government was engaged in enforcing a roll-back on a bitcoin transactions, it would make the ordinary "enforcement" system which bitcoin uses rather obsolete. ... and getting everyone to agree to the rollback might be difficult. ... and considering you would be using the state's court system, the state feel like refusing to use their money wasn't very generous. IE, if the Feds could sink bitcoin transactions just by saying they wouldn't engage in any Fraud protection on them.