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re: 40% of Bitcoin Exchanges Fail; only 30% of those refund your Bitcoins...
Posted on 4/29/13 at 4:12 pm to Cdawg
Posted on 4/29/13 at 4:12 pm to Cdawg
quote:
I've been following here and there with the bitcoin topics but has it been discussed with what would happen in contract disputes with bitcoin payments?
It's all free market based, at least right now, so if chosen, both participants could utilize the services of a contract enforcement agency.
However, going deep down the rabbit hole, the bitcoin protocol actually has contract management capabilities built into its protocol, among other features, like built in escrow. If you're really interested, you can watch this video: The Future of Bitcoin
It's a discussion of the features in the bitcoin protocol that haven't been developed yet.
2
Posted on 4/29/13 at 4:15 pm to WikiTiger
quote:Like the Russian mafia??
participants could utilize the services of a contract enforcement agency.
Posted on 4/29/13 at 4:27 pm to WikiTiger
Right now I think it's easier to sit on the sidelines and see how bitcoin develops or fails and I get to read the great MB threads.
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