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Refunds and chargebacks without escrow need to also be trustworthy and easy, too. I believe a Bitcoin debit card would do everything you say... But if someone

by hbosch 9y ago

Refunds and chargebacks without escrow need to also be trustworthy and easy, too. I believe a Bitcoin debit card would do everything you say... But if someone skims my card at the pump and takes all my bitdimes, I want that to be a resolvable problem. The thing I fear most about mainstreaming Bitcoin is buyer protection.

paulsutter 9y ago
Have you never used cash?
- chickenfries 9y ago
  You say that like it isn't fast becoming an option for the wealthy and technologically adept.
- aw3c2 9y ago
  Do you carry all your wealth around in cash and hand it to the cashier for them to take their part?
  - letsgetphysITal 9y ago
    Do you only use a hot wallet for all your coin? Do you keep your savings in your checking account?
    - Fredej 9y ago
      I'm not the guy you replied to but: > Do you only use a hot wallet for all your coin? No. > Do you keep your savings in your checking account? Yes! :) Moving coins manually between a hot and cold wallet is a hassle and what I would consider a significantly worse user experience than what exists today.
      - letsgetphysITal 9y ago
        Ok, well if your checking account is breached and funds withdrawn you'll be fighting with the bank to get them back while unable to pay your living expenses. It's pretty risky. Get a second account, even if it's low / no interest, and put the bulk of your money there. That way if your checking account is emptied the attacker only gets your spending money. Don't spend directly from the second account; move money from the "savings" account into checking regularly (monthly by scheduled task if you can't / don't use internet banking, as required if you do). Will also help with budgeting if you have an extra step in making large sums of money available. Not saying you don't / can't budget, just offering experience!
mpfundstein 9y ago
I use the TenX debit card. You can stock it up with Bitcoin and pay everywhere where VISA is accepted. Super nice to impress your friends by buying burgers with yesterdays gains :P
- mazesc 9y ago
  But how much was that burger (the next day)?
  - mpfundstein 9y ago
    That doesnt matter as I consumed it and had fun doing so!

by hbosch 9y ago

paulsutter 9y ago

Have you never used cash?

chickenfries 9y ago
You say that like it isn't fast becoming an option for the wealthy and technologically adept.
aw3c2 9y ago
Do you carry all your wealth around in cash and hand it to the cashier for them to take their part?
- letsgetphysITal 9y ago
  Do you only use a hot wallet for all your coin? Do you keep your savings in your checking account?
  - Fredej 9y ago
    I'm not the guy you replied to but: > Do you only use a hot wallet for all your coin? No. > Do you keep your savings in your checking account? Yes! :) Moving coins manually between a hot and cold wallet is a hassle and what I would consider a significantly worse user experience than what exists today.
    - letsgetphysITal 9y ago
      Ok, well if your checking account is breached and funds withdrawn you'll be fighting with the bank to get them back while unable to pay your living expenses. It's pretty risky. Get a second account, even if it's low / no interest, and put the bulk of your money there. That way if your checking account is emptied the attacker only gets your spending money. Don't spend directly from the second account; move money from the "savings" account into checking regularly (monthly by scheduled task if you can't / don't use internet banking, as required if you do). Will also help with budgeting if you have an extra step in making large sums of money available. Not saying you don't / can't budget, just offering experience!

mpfundstein 9y ago

I use the TenX debit card. You can stock it up with Bitcoin and pay everywhere where VISA is accepted. Super nice to impress your friends by buying burgers with yesterdays gains :P

mazesc 9y ago
But how much was that burger (the next day)?
- mpfundstein 9y ago
  That doesnt matter as I consumed it and had fun doing so!