No. The whole motivation for Bitcoin to exist is to free it from the government and any other factors that could affect the currency. If its decentralised, there shouldn't be any mechanism built-in such that the users cannot choose who should be the intermediary.
You can't attempt to change Bitcoin's very fundamental values. If you do, you're creating an altcoin. You can get an intermediary with a trusted party and multi-sig but that's pretty much it.
Topic: Is there any way for Bitcoin users to be protected by governments? - page 2. (Read 187 times)
April 16, 2018, 06:24:01 AM
April 16, 2018, 05:45:36 AM
How do you protect yourself if you make a cash payment?
You go to the police, take legal action, etc... just because it involves cryptocurrencies doesn't mean there's no way of recourse when used as a means of payment for a traditional transaction. Your local laws still apply. Of course, in some cases -- eg. anonymous online trades -- enforceability of said laws is difficult, but I guess you wouldn't buy a house from an anonymous online source.
Either way, even when paying for real estate using traditional bank transfers there's usually an escrow (eg. an impartial notary) involved -- at least in Europe, from what I've gathered. Things may look differently in the US or wherever you live. I guess when paying with cryptocurrencies it would make sense to follow the same route.
You go to the police, take legal action, etc... just because it involves cryptocurrencies doesn't mean there's no way of recourse when used as a means of payment for a traditional transaction. Your local laws still apply. Of course, in some cases -- eg. anonymous online trades -- enforceability of said laws is difficult, but I guess you wouldn't buy a house from an anonymous online source.
Either way, even when paying for real estate using traditional bank transfers there's usually an escrow (eg. an impartial notary) involved -- at least in Europe, from what I've gathered. Things may look differently in the US or wherever you live. I guess when paying with cryptocurrencies it would make sense to follow the same route.
April 16, 2018, 05:06:39 AM
Example I buy a house from a seller, how can I protect myself if I want to use Bitcoin as payment currency? That's real problem because he might not give me the house or cancel the things when I already sent him BTC.
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