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Author Topic: 2013-05-03 Using The Nash Equilibrium To Bypass Bitcoin Currency Exchanges  (Read 938 times)
Black Arrow (OP)
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May 07, 2013, 02:13:38 AM
 #1


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/
CIYAM
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May 07, 2013, 02:21:16 AM
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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.

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