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> Can you imagine the uproar if Visa said the same thing? It would be totally unthinkable. No, that's exactly what Visa says, they call it chargeback. That's w
by nenreme 9y ago
> Can you imagine the uproar if Visa said the same thing? It would be totally unthinkable.
No, that's exactly what Visa says, they call it chargeback. That's why it is hard to buy bitcoins with bank cards.
- GenericsMotors 9y agoYes, and you can dispute it, by contacting your them/your bank. Who do I call if bitscoins just evaporate from my wallet thanks to this fork?
- kakarot 9y agoDecentralized currency comes with its own strengths and weaknesses. The tech is still in its infancy. Take it or leave it.
- GenericsMotors 9y agoThen seems to me it's on its deathbed, not in its infancy. A handful of Chinese mining pools will decide which fork retains any value...so much for decentralization.
- kakarot 9y agoYou are conflating Bitcoin with decentralized currency.
- shardo 9y agoIf a government outlaws a currency and you sold your house for that currency, who could you possibly call? Bitcoins transacted before July 31 WILL stay in your wallet. They are not going to evaporate any time soon.
- GenericsMotors 9y agoAnd this is not was I was replying to. Gp was comparing this to a chargeback. But now that you bring up governance, bitcoin is essentially being steered by a handful of mining pools, not by loosely knit community of private individuals :)