Worth noting is that one of the original goals of Bitcoin (in the whitepaper) was to eliminate fraud that results from a system that allows reversible transacti

Worth noting is that one of the original goals of Bitcoin (in the whitepaper) was to eliminate fraud that results from a system that allows reversible transactions (for example, charge backs, a check that appears to deposit but then bounces, etc.) Fraud protection is a result of these types of problems being unavoidable, and needs to be mediated by the financial institutes. Bitcoin's proposed solution is a (cryptographically) permanent one-way transaction, that can only be initiated by the person who owns the Bitcoin. The analogy would be an in-person cash transaction - $100 in my pocket can only be handed over if I choose to do so, and no amount of begging or pleading with the receiving party will allow me to convince them to give it back. I think any fraud that can be committed in cash though, would probably be applicable to Bitcoin. But I can't seem to think of any examples off the top of my head, so LMK if you think of any.