5 ms·

No chargebacks?

• glitchc 8y ago
  Is that meant as a positive or a negative, as chargebacks help the consumer, as does non-repudiation. The general public wants these features in our exchange mediums.
  • dick_sucker2 8y ago
    It forces arbitration with the business in the case of a dispute. Wouldn't payment processors and businesses want that?
    • s73v3r_ 8y ago
      Consumers don't want that.
      • DINKDINK 8y ago
        You can build a system that allows charge backs on a system that doesn't allow charge backs but you cannot build a system without charge backs on a system that does allow charge backs. These escrow products already exist for customers on Bitcoin.
• paulie_a 8y ago
  That's not a feature it is a drawback.
  • craigc 8y ago
    It is actually a feature. From the original Bitcoin whitepaper: > Transactions that are computationally impractical to reverse would protect sellers from fraud. https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf
    • paulie_a 8y ago
      As a buyer I wouldn't use it then.
      • craigc 8y ago
        Mmm. I am not sure if Square actually lets you transact using Bitcoin or if this is just about purchasing and selling it to hold it as an investment. I haven’t actually tested it out.