a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
notseamus  ·  4759 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin's comeback: should Western Union be afraid?
40%? I wish if I stole something off someone all I had to do was return under half.

I can see it working as a trading system for paypal or transactions, but I wouldn't be comfortable leaving money in such a grey area. The only reason that we use banks is because of government guarantees surely? With a system that's neither tangible or backed by governments I don't see where the trust can come from.