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Does that create another way for money to just disappear? What happens if 2 people disagree and the other takes a flight to Conventry for whatever reason?
by bunderbunder 13y ago
Does that create another way for money to just disappear? What happens if 2 people disagree and the other takes a flight to Conventry for whatever reason?
- dullcrisp 13y agoYeah, it's important to have an arbitrator whom both parties trust to fulfill their obligation (such as a major bank, to borrow the article's example). Otherwise, the arbitrator could also just offer to split the money with one of the parties if the deal goes sour.
- meowface 13y agoThen the funds are locked until an agreement is settled. Funds could possibly become permanently frozen in such an event. That's likely the one major downside of this system.