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You are wrong, in many cases the customer has no recourse for credit card fraud: https://news.ycombinator.com/item?id=8918865 https://news.ycombinator.com/item?
by venaoy 12y ago
You are wrong, in many cases the customer has no recourse for credit card fraud: https://news.ycombinator.com/item?id=8918865 https://news.ycombinator.com/item?id=8918865 People think credit card anti-fraud measures are perfect. They are not.
- jonknee 12y agoI don't think anything is perfect, but with BTC there is a 0% chance of recourse. I'll take the option with a ton of consumer protection law and someone to sue over the Wild West any day of the week.
- venaoy 12y agoThese consumer protection laws protect you regardless of the manner of payment: bitcoins/dollars/whatever. You CAN and SHOULD use the legal tools at your disposition (lawsuit, small claim court, FTC/BBB complaints...) if you get scammed after paying in bitcoins. You definitively have a chance of recourse. These tools work, that's why we have them. For example the U.S. Securities Exchange Commission successfully prosecuted Trendon Shavers (he was running his scam denominated in bitcoins).