[Lonesome in Massachussets]

As long as two parties to the transaction agree, I suppose so. What happens in the event of a dispute is interesting. What if you perform a service, but the payer claims the service was not performed in satisfactory? How do resolve such a dispute. It seems to be a way to avoid taxes and government oversight. As a banking institution, it appears to completely unregulated.

[HenryArmitage]

What happens in the event of a dispute is interesting This has been an issue. Currently it is all based on reputation. Most bit coin stores do their best to validate and offer transparency on their clients. Due to the crypto nature of it, once you send the coins, they are gone. I like it in a sense it forces you to research and develop a relationship of trust with those you buy/sell to.