Re: (quoted post by NewLibertyStandard)

Participants: NewLibertyStandard

Quote from: Babylon on July 17, 2010, 08:28:22 AM

what you folks are calling an escrow sounds a lot like a debit card account.

Bitcoins are the equivalent to cold hard cash. There’s nothing precluding the creation and adoption of debit, credit, banks, loans and fractional reserve lending using bitcoins. Read the posts by InterArmaEnimSil in this related thread. Just as a word of caution, escrow services are often operate with the purpose of ripping people off, so make sure you trust them and only kick yourself, but not to harshly, if they rip you off.