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I find arguments against Bitcoin by talking about scams and illegal transactions completely baffling. The same thing happens with cash simply because it is a me
by jgrowl 12y ago
I find arguments against Bitcoin by talking about scams and illegal transactions completely baffling. The same thing happens with cash simply because it is a medium for exchanging value. It is an inherent property of currency.
- GlickWick 12y agoIt is, but it's much easier to prevent these types of scams with cash. As much as people hate banks and such, things like chargebacks are also possible in more extreme situations. In Bitcoin, once your money is in their hands, you're toast.
- tormeh 12y agoThat's also why suitcases full of cash are considered suspicious and you can't bring with you as much as you want across borders[0][1]. The problem is acknowledged (though not solved) when dealing with cash, so that's not a valid argument for ignoring it in Bitcoin. 0: http://ec.europa.eu/taxation_customs/customs/customs_controls/cash_controls/index_en.htm http://ec.europa.eu/taxation_customs/customs/customs_control... 1: https://help.cbp.gov/app/answers/detail/a_id/778/~/declaring-currency-when-entering-the-u.s.-in-transit-to-a-foreign-destination https://help.cbp.gov/app/answers/detail/a_id/778/~/declaring...