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The snarky parent was probably trying to say that „theft protection” might be a better term.
by LaGrange 13y ago
The snarky parent was probably trying to say that „theft protection” might be a better term.
- indrax 13y agoI agree with your interpretation, but bitcoin eliminates that kind of fraud, while requiring you to protect against theft.
- baddox 13y agoIt's not just theft protection though. Bitcoin provides protection from forms of fraud which specifically use mechanisms in a currency or transaction system, like chargebacks on PayPal (a ubiquitous form of fraud), or fake Western Union payments.
- dragonwriter 13y agoChargebacks may be a mechanism of fraud by purchasers against sellers, but they are also a tool for addressing fraud by sellers against purchasers.