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> If someone uses Bitcoin, all they have to do is tell the victim “code is law, try suing them”. The appeal is obvious. This is really naïve. The cops show up
by ed25519FUUU 5y ago
> If someone uses Bitcoin, all they have to do is tell the victim “code is law, try suing them”. The appeal is obvious.
This is really naïve. The cops show up and tell you to return stolen goods all of the time. You either do it or go to jail.
- acdha 5y agoThat’s the point: if you use a credit card, the tax agency gets the chargeback cost immediately and they’re always paying an overhead fee based on that risk (low but non-zero). With cryptocurrency, that cost is shifted to the victims and other departments and they don’t have to give the money back until a judge orders it.