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A comment on Celsius Execs Cashed Out $40M in Crypto Before Halting Withdrawals for Customers. Parent comment

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by ipaddr on Thursday October 06, 2022 @02:00PM (#33111658)
The legal system can only be used to settle payment disputes when parties are known. Buying a tv from the back of a van going home to find out it doesn't work will leave you with little legal recourse. The legal system can only work with entities within it's power. Get ripped off from a foreign supplier can require a lawsuit if available to you in an unfriendly legal system. Cryto can solve these trustless entities problems.

Bank of America can do very little for your Russian payment disputes.

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by heylook on Thursday October 06, 2022 @02:26PM (#33112044)
> Get ripped off from a foreign supplier can require a lawsuit if available to you in an unfriendly legal system. Cryto can solve these trustless entities problems.

Pardon the ignorance, but, how, exactly?

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by scarmig on Thursday October 06, 2022 @02:47PM (#33112317)
AFAICT crypto's solution to getting screwed by a trustless entity is "screw you, you deserved it for not doing due diligence."
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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by danans on Thursday October 06, 2022 @06:18PM (#33114846)
> Cryto can solve these trustless entities problems. > Bank of America can do very little for your Russian payment disputes.

Didn't know crypto had a contract enforcement apparatus in Russia. How does that work?

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