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And the same would be true with a vendor who accepted Bitcoin and issued a receipt with a return policy. Generous return policies are also a modern artifact; h
by ccamrobertson 5y ago
And the same would be true with a vendor who accepted Bitcoin and issued a receipt with a return policy.
Generous return policies are also a modern artifact; historically most interactions with cash took place under the terms 'all sales final'. Societies functioned decently well for thousands of years this way with similar financial instruments.
- NicoJuicy 5y agoAnd if the seller doesn't own it, you can't complain anywhere. That's not the case with cash, visa or Mastercard. You wouldn't want to get a bad rep with them. Malicious behavior isn't punished anywhere in crypto. There's an attempt for all those that are getting hacked though, despite the code=law sentiment.
- zepto 5y agoHaving a king also functioned decently well for thousands of years. Is that something you also want to bring back?
- MrMan 5y agoCareful alot of these people will give you unexpected answers to that
- deleted 5y ago[deleted]
- cogman10 5y agoIf you have cause, for hundreds of years "all sales are final" doesn't impart protections against damaged, defective, or falsely advertised goods. The only thing "all sales are final" prevents is someone deciding after purchase that they no longer want the item purchased. Even with the law telling a bitcoin vendor they must return the coin, there is no way to return the coin without the vendor performing that action. Cash can be forcibly taken as can property. Bitcoin, however, is completely locked away. Now imagine how much harder that is when the vendor is in a different nation. Societies functioned well for 1000s of years with these sorts of rules because the ability to remotely order goods/services wasn't in the reach of most society. The technology for someone to rob you from the other side of the globe simply did not exist.