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I actually responded to that above if you look. You ignored it when you went off about the credit card thing. Here is my response. "How would I know? A compa
by sanswork 12y ago
I actually responded to that above if you look. You ignored it when you went off about the credit card thing. Here is my response.
"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."
>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...
The point is though you either reimplement the security manually for each transaction or you only shop at a handful of companies and hope there isn't a mistake that they can't track on their side. Look at all the complaints about Tiger direct not refunding bitcoin payments early on for an example of a non-scamming company screwing people over not by maliciousness but by incompetence.
So yes. I could just hope I won't run into one of those problems while shopping or I could manually setup escrow for every purchase and hope the escrow solution I choose is legitimate. Or I could just keep using my credit card and not have to worry.
And people wonder why bitcoin isn't gaining traction?
- moe 12y agoOr I could just keep using my credit card and not have to worry. It's starting to get hilarious... Yes. If you want to use a credit card then please, by all means, use a credit card. And in addition you may use Bitcoin in scenarios where it works well (e.g. to transfer money to people you know), for ecommerce through services like Bitpay, or just retain it as your favorite strawman... ;-)
- sanswork 12y ago>to transfer money to people you know Offloading the issue of converting it to something usable to them? This only makes sense if you already have a bunch of bitcoin and makes no sense for the receiver. >for ecommerce through services like Bitpay Which doesn't fix the charge back or scam problems. Scammers can use Bitpay too.