*With bitcoin if I hold my coins in a currency exchange (which is basically a ba... | Hacker News

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		DarkShikari on March 6, 2012 \| parent \| context \| favorite \| on: Dwolla Being Sued by Bitcoiners for $2 Million With bitcoin if I hold my coins in a currency exchange (which is basically a bank) they can obey the court order and reverse transactions. It would be trivial if it was that simple, but the stolen funds were of course withdrawn from Tradehill, and so are no longer in control of an exchange. It's no different from a criminal running off with a bag of cash; how are you going to "reverse" the transaction of the money being physically picked up, put in a bag, and carted off?

ars on March 6, 2012 [–]

That's basically what I said. You are not arguing with me.

I was just pointing out the distinction is not in the type of currency or exchange, it's in who holds the account.

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