Comment by rlpb
17 days ago
> if the judge says that the transaction must be reversed, you get it reversed, even if that means delivering cash in briefcases or something like that
So if I pay cash for something, I can get it back if a judge orders the counterparty to do so.
Why is cryptocurrency not the same? Can I not go to a court and get an order, exactly the same?
Of course I may not know the counterparty's identity or they may be in a hostile jurisdiction, but how is that different to cash that has escaped my jurisdiction?
You're exactly right. That is why you do not do business with an entity you do not trust outside your jurisdiction.
It's just that incidentally, "entity you do not trust outside your jurisdiction" also includes basically your average crypto peer.
Which is exactly why I ceased divulging all my credentials to KeePassXC and friends. And why I remain skeptical about Yubikey.