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You can flip the argument around: Credit card chargeback fraud is extremely common. Accepting irreversible payments would be better for these cases as the cust

by lawn 9y ago

You can flip the argument around: Credit card chargeback fraud is extremely common. Accepting irreversible payments would be better for these cases as the customer cannot pay, walk out with goods and keep their money. It's much harder for a public company to actively defraud their customers so this is actually more sane. Also cash has the exact same properties.

ForHackernews 9y ago
> Also cash has the exact same properties. I mean, sort of. There are logistics that make stealing $70m worth of physical cash difficult.
- lawn 9y ago
  Alright sure. You can however protect $70M Bitcoin easier so it balances out I'd say.
  - hinkley 9y ago
    They've done such a successful job we're talking about it on Hacker News...
    - lawn 9y ago
      Yes. Inside job perhaps.
rafiki6 9y ago
As I mentioned, a short coming of trying to REPLICATE cash.