Bitcoin doesn't handle rollbacks for this kind of thing unless both parties agree.
In most transactions there is no need for a third party to get involved, and if there is, you can always get an escrow. The fact that drug markets, where you are dealing with criminals, are able to work over crypto should make people see that there are indeed alternative ways to VISA/Mastercard/Bank Transfers/PayPal.
Not entirely true. Having been drunk at a livestock auction, I can attest that unilateral refunds of cows are possible, if you have a big enough truck and it's late enough at night.
The law doesn't work like code. You don't get to go "Ha! I found a loophole if you read this in the strictest, most literal sense!" You get a human who will read right past your bullshit and nail you to the cross.
There are plenty of powerful people who get off via such "loopholes", and plenty of powerless who get nailed up even though they are standing on straightforward legal reasoning.
Somehow I think courts have dealt with this type of thing in the past.
That could be some years. http://abcnews.go.com/2020/story?id=8101209&page=1
> A 73-year-old Philadelphia lawyer walked out of prison July 10 after serving 14 years for contempt of court -- the longest term ever served for contempt.
> In a divorce proceeding in 1995 H. Beatty Chadwick said that he had lost his fortune of about $2.75 million and so could not make a significant financial settlement with soon-to-be ex-wife Bobbie.
It can, however, apply penalties for not doing what it says.
Now, there's a philosophical sense in which this doesn't force you to actually give back my dog. But you could say that about all court remedies. I recommend just giving back the dog.
Or to say it another way... considering that they didn't have any extra checks on this transaction, what reason is there to think that they would actually use that multi signature thing, if they were on Bitcoin?
https://www.theguardian.com/world/2007/feb/08/usa.iraq1
"US flew nearly $12bn in shrink-wrapped $100 bills into Iraq ... nearly 281 million notes, weighing 363 tonnes".
"retired Admiral David Oliver, is even more direct. The memorandum quotes an interview with the BBC World Service. Asked what had happened to the $8.8bn he replied: "I have no idea. I can't tell you whether or not the money went to the right things or didn't - nor do I actually think it's important."
"A million euros worth of 500-euro notes weigh just 2.2 kilograms (4.85 pounds) and pack easily into a laptop bag, while the same sum transported in 50-euro denomination comes up to 22 kilos and requires the usage of a large sports bag." [1]
[1] https://luxtimes.lu/archives/6700-goodbye-to-the-500-euro-no...
Well that was in 2007.
When did ISIS start showing up again? How were they funded?
Maybe the USA should be more conscious of where billions of dollars are disappearing to...
https://www.nytimes.com/2009/06/26/business/global/26fake.ht...