There is no change in the nature of money. There is no "multiplication" of bitcoins or fractional reserve. There is no trust or counterparty risk. All you have is "locked" funds between two parties
That is a typical programmer's answer because programmers make little distinction between theory and practice. To them, theory IS practice.
Unfortunately, real life doesn't work like that

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Tok, your position was quite persuasive and the discussion was very useful before it took that turn. I have the impression that you and AlexGR shared the same axiomatic starting points, but I'm fuzzy as to where exactly you differ, other than your respective opinions. Dismissive generalizations about "programmers" are unhelpful but hard evidence or irrefutable logic to support the opinions would be valuable.
Any online forum is a very "hot" and awkward discussion medium, and of course this troll-infested thread can be hotter than most. Let's not make their lives any easier:
http://www.nowandfutures.com/spew_tools.htmlYou and Alex are discussing really important issues, imho.