Quote from: Lexi Price on April 26, 2015, 06:12:48 AM

Not you guys in particular, just a general statement. I can honestly see a potential scenario where someone will make a trade with bitcoin and in the event bitcoin crashes, the one who handed off valuable goods for ultimately valueless digital currency will feel cheated and the ones who got valuable goods will still muse they got a lot of stuff for free.

I would expect people to realize that bitcoin has the potential to crash to zero and make that stipulation in a contract that the transaction is based on current value and they won't be compensated with any other currencies.

I just posed the scenario of someone filing lawsuits to be compensated. I mean people sue over spilling hot coffee. I can honestly see this happening at some point (provided bitcoin crashed, that is).

People do realise this - but I reiterate that no one would be stupid enough to accept a contract where they would have to compensate someone if Bitcoin fell. From a logical standpoint, it means you'd have a hedged bet whereby if Bitcoin goes up you profited nicely and if it fell you were compensated. Either way you win - which is great for you as the seller, but shitty for the buyer.

As to lawsuits - there are people who always feel they a served an injustice when something goes wrong. It doesn't mean they are right or justified in suing - nor does it mean they will win.