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Comment on Bitcoin estimated to use 0.5% of the world's electric energy by end of 2018parent

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Having a third participant that you can sue or subpoena is the important part. Is there a good word for this sort of thing? Facilitated by a third party with significant assets subject to the legal system? I heavily favor using such parties for my personal financial affairs - it's not that I trust them more, but it's that I have more recourse when things go wrong.

Sounds like the definition of escrow

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