I read up on Henry Duncan prior to making my previous post, and it's mostly irrelevant. He created savings and loan entities that were still regulated by the g

I read up on Henry Duncan prior to making my previous post, and it's mostly irrelevant. He created savings and loan entities that were still regulated by the government and had to abide by the rule of law. More importantly, they were run by and employed humans. Humans have incentive to abide by the rule of law which computers (nodes in the Bitcoin network) do not. That's a pretty massive difference between the two approaches to financial transactions which you have not addressed in the slightest. I've explained what my major concerns are. You have not provided any explanation for how these concerns can / will be addressed. Your claim that Henry Duncan explains things seems to be a very indirect way of stating that laws need to be changed. Great -- let's say the law is changed. How do you retroactively implement governance mechanisms in Bitcoin whereby a transaction can be reversed upon an order by the court? Right now you can't! This is a real concern for myself and others. Hand waving it away is not addressing the problem. Why would I even remotely consider giving money to people that insist upon hand waving concerns about governance issues away? Please respond with facts and ideas, not vitriol. I really do want to understand how people involved crypto currencies are going to implement the governance that is needed in the real world, as the current approaches appear to be completly ad-hoc and unpredictable to an outsider.