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> one of the parties is so aggrieved, they decide to punish the other party by voting to destroy both deposits. The loser loses twice, but they don't let the pe
by shitlord 13y ago
> one of the parties is so aggrieved, they decide to punish the other party by voting to destroy both deposits. The loser loses twice, but they don't let the perp to get away with it either.
Honestly, that is wildly impractical and would never account for the requirements of the real world. Want to buy a house for $300000? Well you better put up at least another $300000. Oh, and if the other guy scams you, you're out at least $600000.
Like you said, that scheme might work for microtransactions. For actual business, almost nobody has that kind of money lying around.
> For large transactions you could rely on reputation instead
Isn't that fundamentally what you are trying to avoid?
- natrius 13y agoThis is an unreasonable complaint. No one buys houses with piles of cash. Bitcoin is cash. It probably won't replace transactions that are impractical to do using cash today.