Re:There's No Good Reason to Trust Blockchain Technology (2019)
by Semaphor on Monday August 17, 2020 @02:26AM
(#24184537)
> such as using courts to sue people who rip you off,
Unless the whole transaction is anonymous, you can do the same with bitcoin.
> or using escrow agents
Which costs you extra.
Not making a value judgement, just pointing things out.
The world has had thousands of years to come up with solutions to trust problems during transactions. They are solutions that work. They work for criminals too, but its a lot harder to use them, especially over the internet, because everyone providing the services goes to jail if they are transacting with criminals.