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>The premise that bitcoin frees you from normal legal requirements is the problem here. It does. Coinbase != Bitcoin. Conflating the two is like conflating Gol

by wyager 10y ago

>The premise that bitcoin frees you from normal legal requirements is the problem here. It does. Coinbase != Bitcoin. Conflating the two is like conflating Gold with EZPawn. >and as a result there's a high level of fraud and theft Source? I buy things with bitcoin quite frequently. With even a modicum of judgement, it's easy to sniff out scams. This is also what reviews are for.

pjc50 10y ago
? Using bitcoin to send money to Iran from the US remains illegal even if there's no institution in the middle. Source for theft and fraud: https://magoo.github.io/Blockchain-Graveyard/ https://magoo.github.io/Blockchain-Graveyard/
- oarsinsync 10y ago
  > The bitcoin community believe that purchases should be fully caveat emptor, and as a result there's a high level of fraud and theft which is going to put off non-ideological adopters. > Source for theft and fraud: https://magoo.github.io/Blockchain-Graveyard/ https://magoo.github.io/Blockchain-Graveyard/ The site you've linked seems to be talking about thefts, similar to losing your credit card and someone running rampant with it, not purchase fraud. In the case of credit cards, someone's still paying for it, it's just not you. There's no reason why this same system can't be applied to Bitcoin, without having to change anything in the protocols. It's just an extra intermediary in the middle who suffers the loss instead of you. Got any sources that relate to purchases per your original?
- wyager 10y ago
  It's illegal but you can ignore the law. The same does not apply to PayPal, coinbase, western union, etc. The system will not let you choose. Do you think banks never get stolen from? I had to cancel a credit card recently because someone skimmed or stole it. The bank had to pay for that.
pavel_lishin 10y ago
> With even a modicum of judgement, it's easy to sniff out scams. But the point was that the scams exist, and are plentiful. It's like saying that there's no spam/fraud done over email, because it's easy to identify Nigerian scam emails at a glance.

by wyager 10y ago

pjc50 10y ago

? Using bitcoin to send money to Iran from the US remains illegal even if there's no institution in the middle. Source for theft and fraud: https://magoo.github.io/Blockchain-Graveyard/ https://magoo.github.io/Blockchain-Graveyard/

oarsinsync 10y ago
> The bitcoin community believe that purchases should be fully caveat emptor, and as a result there's a high level of fraud and theft which is going to put off non-ideological adopters. > Source for theft and fraud: https://magoo.github.io/Blockchain-Graveyard/ https://magoo.github.io/Blockchain-Graveyard/ The site you've linked seems to be talking about thefts, similar to losing your credit card and someone running rampant with it, not purchase fraud. In the case of credit cards, someone's still paying for it, it's just not you. There's no reason why this same system can't be applied to Bitcoin, without having to change anything in the protocols. It's just an extra intermediary in the middle who suffers the loss instead of you. Got any sources that relate to purchases per your original?
wyager 10y ago
It's illegal but you can ignore the law. The same does not apply to PayPal, coinbase, western union, etc. The system will not let you choose. Do you think banks never get stolen from? I had to cancel a credit card recently because someone skimmed or stole it. The bank had to pay for that.

pavel_lishin 10y ago

> With even a modicum of judgement, it's easy to sniff out scams. But the point was that the scams exist, and are plentiful. It's like saying that there's no spam/fraud done over email, because it's easy to identify Nigerian scam emails at a glance.