On: It Looks Like Nobel Economics Laureates Don't Like Bitcoin

[maxerickson]

Same as with a bank. Transfer some bitcoin to someone and then pursue them when they don't transfer enough back.

Charge interest to cover the risk.

[bluetwo → maxerickson]

Banks work in a legal and regulatory environment which bitcoin lacks. That's the problem, there are a lot of details that would have to be worked out to make that happen.

[maxerickson → bluetwo]

Bitcoin operates in exactly the same legal environment as banks.

I agree that the regulatory environment is different.