Private Correspondence 2 messages
Lack of chargeback support
Mike Hearn asks Satoshi whether the Electronic Funds Transfer Act could apply to Bitcoin and if the inability to do chargebacks risks making it illegal.
3 entries
Mike Hearn asks Satoshi whether the Electronic Funds Transfer Act could apply to Bitcoin and if the inability to do chargebacks risks making it illegal.
Satoshi discusses the difficulty of applying traditional tax frameworks to Bitcoin, noting the similarities to trading precious metals or collectibles online.
Satoshi discusses Bitcoin's legal status and positioning, arguing that Bitcoin can be used legally for many purposes.