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> Well, Bitcoin saves you money by making transactions irreversible How does it do that? Irreversible transactions allow the currency to be decentralised, but
by oneeyedpigeon 9y ago
> Well, Bitcoin saves you money by making transactions irreversible
How does it do that? Irreversible transactions allow the currency to be decentralised, but I don't think they were even intended to be a means of saving money.
> So ... if I get scammed, I got scammed? There's nothing I can do about it?
Cash has much the same problem.
- nsgoetz 9y agoActually there are legal repercussions, and in the case of disasters like fires the federal government will actually replace your cash. Planet money had a great episode on this https://www.npr.org/sections/money/2017/06/30/535062249/episode-781-the-money-fixers https://www.npr.org/sections/money/2017/06/30/535062249/epis...