rhollerith_dot_com comments on [LINK] Two articles on Bitcoin - Less Wrong

4 Post author: David_Gerard 16 May 2011 02:36PM

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Comment author: rhollerith_dot_com 16 May 2011 04:00:29PM *  0 points [-]

One of the ways in which government will make it hard for holders of bitcoins that I have not yet seen mentioned here is that it will make it so that holders have no recourse to the courts when they are robbed or defrauded of their bitcoins.

Comment author: Nic_Smith 16 May 2011 05:50:53PM 1 point [-]

That is certainly a way that that governments can make the use of Bitcoin less convenient, but I don't think it would be a show-stopper in and of itself, first due to the existence, already, of escrow services, and secondly because the practical difficulties of prosecution for all but very large sums doesn't prevent international transactions right now with conventional currency.