Lumifer comments on Open thread, Nov. 09 - Nov. 15, 2015 - Less Wrong

3 Post author: MrMind 09 November 2015 08:07AM

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Comment author: Lumifer 16 November 2015 02:08:32AM 1 point [-]

In many places restaurant these days accepts checks. There no real reason for a restaurant not to trust a person to not double spent.

Trusting a check implies that you can trace it to a bank account, which, thanks to the Know Your Customer regulations, in most cases can be linked to a specific person. Trusting a bitcoin payment implies that you trust a disposable number.