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by aminorex 3349 days ago
Use of the legal system is restricted to corporations and HNW individuals (who typically have multiple corporations, so....)
1 comments
maxerickson 3349 days ago
No, most banks will reverse illegitimate transactions for run of the mill customers.
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aminorex 3349 days ago
I see, so the banks are the new judiciary?
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maxerickson 3348 days ago
No, they are required by laws to do certain things and courts only have to come into it when they don't do them.

I didn't say "go to court", I said "a legal system".

Users of bitcoin can also use the legal system to do things. But then you are messing with bitcoin for what reason?

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aminorex 3348 days ago
Because I want my grandchildren to be free humans, to live out their lives in productive, peaceful harmony (and yours). Debt-based currency and monitored, controlled transaction systems are fundamentally incompatible with this goal.
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maxerickson 3348 days ago
It'd be interesting to construct a model of bitcoin as debt, the debt being the future energy costs needed to run the network (which is necessary for bitcoin to have any value today).
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