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>Any party explicitly trying to cheat would face the court...

This is the exact issue that currency-based Blockchain systems avoid, at great cost - the essential requirement for a centralized third party to resolve all disputes

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So no one seems to answer this when I ask: what about the necessity for security services, to be able to implement and act, such as the Magnitsky Act allows for - punishing known bad actors financially to try to sway bad actors to behave, before perhaps having to escalate things to physical violence-destruction?

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