> For thousands of years humans have transacted with physical currency, in which transactions cannot be "reversed" once the payment is made. Even today, many pe

> For thousands of years humans have transacted with physical currency, in which transactions cannot be "reversed" once the payment is made. Even today, many people pay and transact with cash. Second-layer financial institutions provide holds, reversals, and chargebacks but they are by no means necessary for a robust financial system. That is simply not the case. Even in old ancient civilizations and feudal systems you usually had a way to reverse a transaction by going to court (in the old times literal court of the king, nowadays judge). This was and is possible because when you pay in cash you know who you pay to, and authorities (king and/or police) can lay hand on them. So even if you pay cash in brick and mortar shop you can get refunds (usually :) ). One of the reasons why a lot of people are comfortable buying online is easy refunds. And if crypto can't provide that, I don't ever see it catching on in mainstream. And if you want refunds and you are marketplace like eBay , the easiest way to offer refunds is to keep money in escrow which is what is happening here.(Except that their home brew escrow algos seem to not be that great, but crypto won't change that either. ) Bottom line is, crypto either won't go mainstream or will be co-opted by mainstream and will have all of the same problems/features as current currencies. And it's not because governments. It's because people want and expect their government to be able to protect them. And government don't censor things because they don't have nothing better to do. At least in democracy's they start censoring, when enough people cry to them to start censoring. Don't expect that to ever change with or without crypto.