So the BTC for both parties is tied up until the seller receives a PayPal (yes - that is what is says) payment then the buyer is returned their own plus the BTC they have *bought*.
Next step is to reverse the PayPal transaction and seller is scammed - hmm... I think it might need a little more thought.
Topic: 2013-05-03 Using The Nash Equilibrium To Bypass Bitcoin Currency Exchanges (Read 953 times)
May 06, 2013, 09:21:16 PM
May 06, 2013, 09:13:38 PM
Using The Nash Equilibrium and Mutually Assured Destruction To Bypass Bitcoin Currency Exchanges
http://www.libertariannews.org/2013/05/03/using-the-nash-equilibrium-and-mutually-assured-destruction-to-by-pass-currency-exchanges/
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