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That makes escrow less likely to be useful, but the chance doesn't go to zero, so it hardly has "no point at all".

Escrow has its own risk and cost. The hilarious thing with previous online currencies (E-Gold, OSGold, Pecunix, ...) was that the escrow providers themselves were often the weak link.

Well sure, but it's still useful, just not something you might automatically want.

My credit card issuer effectively acts as an escrow agent, and I love that fact when ordering from companies. It has saved me more than once, too.

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