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Ask your money back and they transfer it back to you in a new transaction. What's the problem?

by moe 12y ago

sanswork 12y ago
Cases where they don't agree they should refund you. Cases where they just don't want to refund you. Cases where they are scammers/criminals. Cases where your coins are stolen and spent at a store(the equivalent of having your card stolen to buy a tv at walmart).
- moe 12y ago
  Cases where they don't agree they should refund you. Um, and with VISA they will just happily ignore you taking back what they consider their money and wish you a good day? Cases where they just don't want to refund you. Same as above? Cases where they are scammers/criminals. Why would you send money to those? Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? Cases where your coins are stolen and spent at a store(the equivalent of having your card stolen to buy a tv at walmart). Oh, I think there we are getting to the point. You are mistaking Bitcoin for a credit card. Well... It is not. It works very differently and if you treat it like "just another CC" you're in for quite a bad time.
  - sanswork 12y ago
    >Um, and with VISA they will just happily ignore you taking back what they consider their money and wish you a good day? VISA doesn't consider it their money. So ya they will do that. You not knowing that suggests a huge gap in your knowledge of how credit cards work/how charge backs work. >Why would you send money to those? Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? How would I know? A company can seem fine and turn into a scam quickly. I could use an escrow service but then I'd have to arrange that for every purchase when currently I can have it handled for me automatically. >Oh, I think there we are getting to the point. You are mistaking Bitcoin for a credit card. Well... It is not. It works very differently and if you treat it like "just another CC" you're in for quite a bad time. I'm not confusing it at all. I was giving an example that closely maps to the security concern with a credit card.
    - moe 12y ago
      I'm not confusing it at all. I was giving an example that closely maps to the security concern with a credit card. So if you agree that Bitcoin is not a credit card then what relevance does an example have that maps to the security concerns of a credit card?
      - sanswork 12y ago
        I appreciate you skipping the whole rest of my comment to focus on the completely not relevant point of questioning why I included a specific example. If you want to ignore that is fine with me. But there is still a lot of my comment left up there.
        moe 12y ago
        I'm not sure how to make it much clearer, so I'll just quote your own words again: I'm not confusing it [Bitcoin vs CC] at all. I was giving an example that closely maps to the security concern with a credit card. First you say you agree that Bitcoin and Credit Cards are not the same - and then you proceed to complain about problems that only occur if you treat Bitcoin like a Credit Card.
        sanswork 12y ago
        I didn't say the problems only occur if you treat bitcoin like a credit card. I said the problem occurs. You said that you can not worry about charge backs because you can just ask for the money back. Problem solved. I gave you a list of occasions where no you couldn't just ask for the money back. You have ignored this and focused on this irrelevant argument to avoid having to face the main discussion. Just because you're avoiding looking at the problem doesn't mean it doesn't exist.
        moe 12y ago
        Hm... ok, guess I'll quote myself again then too...: Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? What part of "Bitcoin is not a credit card, do not treat it like a credit card" is so hard to understand? Yes, if you send coins to some address which might belong to a scammer then those coins might be lost. Duh. You can now complain all day about Bitcoin not having a chargeback mechanism. Or you can just accept it as fact and refrain from sending your coins to random bitcoin addresses...

Ask your money back and they transfer it back to you in a new transaction. What's the problem?

by moe 12y ago

Ask your money back and they transfer it back to you in a new transaction. What's the problem?

Cases where they don't agree they should refund you. Cases where they just don't want to refund you. Cases where they are scammers/criminals. Cases where your coins are stolen and spent at a store(the equivalent of having your card stolen to buy a tv at walmart).

moe 12y ago
Cases where they don't agree they should refund you. Um, and with VISA they will just happily ignore you taking back what they consider their money and wish you a good day? Cases where they just don't want to refund you. Same as above? Cases where they are scammers/criminals. Why would you send money to those? Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? Cases where your coins are stolen and spent at a store(the equivalent of having your card stolen to buy a tv at walmart). Oh, I think there we are getting to the point. You are mistaking Bitcoin for a credit card. Well... It is not. It works very differently and if you treat it like "just another CC" you're in for quite a bad time.
- sanswork 12y ago
  >Um, and with VISA they will just happily ignore you taking back what they consider their money and wish you a good day? VISA doesn't consider it their money. So ya they will do that. You not knowing that suggests a huge gap in your knowledge of how credit cards work/how charge backs work. >Why would you send money to those? Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? How would I know? A company can seem fine and turn into a scam quickly. I could use an escrow service but then I'd have to arrange that for every purchase when currently I can have it handled for me automatically. >Oh, I think there we are getting to the point. You are mistaking Bitcoin for a credit card. Well... It is not. It works very differently and if you treat it like "just another CC" you're in for quite a bad time. I'm not confusing it at all. I was giving an example that closely maps to the security concern with a credit card.
  - moe 12y ago
    I'm not confusing it at all. I was giving an example that closely maps to the security concern with a credit card. So if you agree that Bitcoin is not a credit card then what relevance does an example have that maps to the security concerns of a credit card?
    - sanswork 12y ago
      I appreciate you skipping the whole rest of my comment to focus on the completely not relevant point of questioning why I included a specific example. If you want to ignore that is fine with me. But there is still a lot of my comment left up there.
      - moe 12y ago
        I'm not sure how to make it much clearer, so I'll just quote your own words again: I'm not confusing it [Bitcoin vs CC] at all. I was giving an example that closely maps to the security concern with a credit card. First you say you agree that Bitcoin and Credit Cards are not the same - and then you proceed to complain about problems that only occur if you treat Bitcoin like a Credit Card.
        sanswork 12y ago
        I didn't say the problems only occur if you treat bitcoin like a credit card. I said the problem occurs. You said that you can not worry about charge backs because you can just ask for the money back. Problem solved. I gave you a list of occasions where no you couldn't just ask for the money back. You have ignored this and focused on this irrelevant argument to avoid having to face the main discussion. Just because you're avoiding looking at the problem doesn't mean it doesn't exist.
        moe 12y ago
        Hm... ok, guess I'll quote myself again then too...: Since you know there is no Chargeback mechanism wouldn't it be wise to demand product/service first or use an escrow service? What part of "Bitcoin is not a credit card, do not treat it like a credit card" is so hard to understand? Yes, if you send coins to some address which might belong to a scammer then those coins might be lost. Duh. You can now complain all day about Bitcoin not having a chargeback mechanism. Or you can just accept it as fact and refrain from sending your coins to random bitcoin addresses...