Re: [tlug] Finance regulators to recognize Bitcoin as "money"

["Stephen J. Turnbull" <turnbull.stephen.fw@example.com>]

Edmund Edgar writes:

 > The specific problem bitcoin and similar systems can solve is this:

Sure, but you still have the problem that those receiving the bitcoin
can cheat, and currency makes that easier.  This should be obvious in
a country where "Ore-Ore" is not the abbreviated name for a
chocolate/cream sandwich cookie in Portland.  So dispute
intermediation doesn't go away, and I suspect it doesn't actually get
all that much less costly.  Somebody else may have to pay for it,
though.

Steve