Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> being ripped off by a vendor [...] things like chargebacks and courts are there to deal with this

Third party escrow services, the better business bureau, the police... all of these can (and should in many cases) exist with bitcoin. It doesn't have to be either/or.



When you have a society where those work, “trustless” is no longer a benefit.

It’s a catch-22: to be useful, it can’t be useful.


Unfortunately, the powers that be have ensured that we will never again be allowed to live in high trust societies because “diversity is our strength”.


I don’t recognise the world you’re describing.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: