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> Once you send a scammer hundreds of dollars, how do you get them back? You don't. One of the main points of bitcoin is that it makes transactions irreversibl
by umanwizard 8y ago
> Once you send a scammer hundreds of dollars, how do you get them back? You don't.
One of the main points of bitcoin is that it makes transactions irreversible. In the current financial system, many transactions can be reversed, which is a feature, not a bug.
- solean 8y agoOnly 1 side of a reversed transaction thinks it's a feature
- DoctorOetker 8y agoSimilarily email is irreversible. Sure some providers will stall your email so you have a period of time to cancel/edit the email... Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay...
- UncleEntity 8y ago> Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay... ...and then all you need is fraud protection, monthly billing and airline miles and you've invented the credit card.