There's nothing keeping anything or anyone honest. There's no accountability
People don't want government involvement yet how is anyone/anything held accountable? Vigilante justice?
People don't want government involvement yet how is anyone/anything held accountable? Vigilante justice?
Private insurance with reliable, reputable insurance companies. Private bonds deposited into reliable, reputable financial institutions.
All of which cost money, which was a problem a year ago when nobody really knew much of anything about bitcoin.
We need legal contracts with businesses that are in a legal jurisdictions where the contracts can be enforced in court. I don't think we'll get a non-governmental legal system in my lifetime, so I'm personally happy to rely on the imperfect government courts we've got today.