# Gavin Andresen
# 2011-08-02 23:51:14
# https://bitcointalk.org/index.php?topic=33836.msg422710#msg422710

@s{quotedtext}
@s{quotedtext}
 @p{brk}
Private insurance with reliable, reputable insurance companies. Private bonds deposited into reliable, reputable financial institutions. @p{par}

All of which cost money, which was a problem a year ago when nobody really knew much of anything about bitcoin. @p{par}

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. @p{brk}