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> 1) Bitcoin is more convenient to […] transfer: […]. As some phishing victims have learned to their peril. Of course BTC transfers are non-reversible / non-re
by throw0101d 2y ago
> 1) Bitcoin is more convenient to […] transfer: […].
As some phishing victims have learned to their peril. Of course BTC transfers are non-reversible / non-refundable, with no means of redress (unlike a bank transfer).
- olalonde 2y agoPrecisely. Bitcoin operates as a bearer asset, much like physical gold or cash - once it's gone, it's gone. For those who need payment reversibility or dispute resolution, a payment layer built on top of Bitcoin is required. For example, a BTC-denominated bank account or credit card could theoretically provide these features, though I'm not sure if such options already exist.