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> all you need is that a judge decides that Bitcoin is money And then what, do I need to sue every time someone stiffs me? That would be a colossal waste of t
by Samuel_Michon 13y ago
> all you need is that a judge decides that Bitcoin is money
And then what, do I need to sue every time someone stiffs me? That would be a colossal waste of time and money, which means in practice that the fraud gets away with it – knowing they might not even have the funds to pay me.
The way it works now is, if I’m not satisfied and the merchant isn’t being reasonable, I can call my credit card company and request a chargeback. No lawyers and courts needed.
- jafaku 13y agoI was talking about fraud, which is a lot broader than "I bought something on Amazon and something went wrong". If you fall into a ponzi scheme, a credit card won't save you. About chargebacks, again, it's a US and Australia-only thing, so yeah, maybe in those places Bitcoin won't look so good, won't be adopted, and they will be left behind.