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Ya, scratch that. Which brings up a good point. With Bitcoin, there is no concept of chargebacks. Once bitcoins are sent, they are gone. When you wish to ma
by sgornick 16y ago
Ya, scratch that.
Which brings up a good point. With Bitcoin, there is no concept of chargebacks. Once bitcoins are sent, they are gone.
When you wish to make a purchase with a trading partner where trust has not yet been established, the http://ClearCoin.appspot.com http://ClearCoin.appspot.com escrow can be used to protect the buyer.
For this transaction escrow would have been free to use, as the amount is under 100 BTC.