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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.




>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.


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?


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.


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.


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.


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...


You seem to have lost track of why we are talking about this. Let's recap.

Someone said the Bitcoin obsoletes the entire business practice of Visa and MC. I pointed out chargebacks as something Visa and MC do that is not reasonably supported by Bitcoin, with the implication that chargeback support is a feature of Visa and MC that consumers find attractive, and hence Bitcoin does not obsolete credit cards.

So yes, you are right...Bitcoin is not a credit card. And that means those who want credit card features will continue using Visa and MC, and hence they are not going to be obsoleted by Bitcoin.


I'm frankly tired of this now and will just leave this comic here:

http://www.icanbarelydraw.com/comic/comics/2014-01-27-40-mil...


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?


Or 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... ;-)


>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.


So, favorite strawman it is.

Have a nice day! :-)


And you as well.




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