-- Steve Schear <s.schear@comcast.net>
Yes, but unfortunately it is not clear at all that courts would find the opposite, either. If a lawsuit names the currency issuer as a defendant, which it almost certainly would, a judge might order the issuer's finances frozen or impose other measures which would impair its business survival while trying to sort out who is at fault. It would take someone with real cojones to go forward with a business venture of this type in such uncharted waters.
Anyone can sue for anything. Paypal is entirely located in the US, making it easy to sue, has done numerous bad things, but no court orders have been issued to put it out of business. If a business's main assets are gold located in offshore banks, courts are apt to be quite reluctant to attempt to shut it down, as issuing ineffectual or difficult to enforce orders makes a judge look stupid. People fuss too much about what courts might do. Courts are as apt, perhaps more apt, to issue outrageous orders if you are as innocent. as the dawn. Courts are like terrorists in that there is no point in worrying what might offend the terrorists, because they are just as likely to target you no matter what you do. Government regulators are a bigger problem, since they are apt to forbid any business model they do not understand, but they tend to be more predictable than courts. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG CY46prGSdN80nLrJL5G79zdH2Uu2lRjQHD9mlSsf 4JTEpYw1dnco9AMX6Fvv3Uce0bPsG1TJYg+qpwG5n