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So crypto currencies don't work without a working legal system to back it up? Why the hassle with ever increasing transaction logs, and decentralization with al
by foepys 5y ago
So crypto currencies don't work without a working legal system to back it up? Why the hassle with ever increasing transaction logs, and decentralization with all its drawbacks then?
- keymone 5y agowhat are you talking about? the concept of ownership exists outside of any legal system. legal system is there to have a recourse if your ownership rights were infringed upon, regardless of whether it was gold or bitcoin or sheep.
- koonsolo 5y agoThey work with and without a legal system, and you can still steal them. When I know you stole my bitcoins, I won't go through the legal system either ;D