That's almost impossible today with electronic verification.
Riiiiight. http://www.stopcheckfraud.com/statistics.htmlAccording to the 2013 Federal Reserve Payments Study:
* Checks (consumer and business) were the payment instrument with the highest average value of unauthorized transactions in 2012.
2015 AFP Payments Fraud and Control Survey findings show:
* Checks remain the payment type most vulnerable to fraud attacks.
“While the exciting and glamorous fraud topics today involve wire fraud, account takeovers, ID theft, and skimming, the results of the Association for Financial Professionals’ annual corporate fraud survey remind us that the most fraud vulnerable instrument available today is the paper check.”
http://www.relyco.com/blog/laser-check-printing/check-fraud-statistics-techniques-know/* The FBI estimates that losses from check fraud total $18.7 billion annually.
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No they aren't. Checks are ran electronically these days my friend. The process is no different than a check card. If the funds are not there, they know it instantly.
So? Checks can be forged, stolen, washed, etc. They're extremely unreliable. |
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That's true but Bitcoin needs to work much faster before that happens. I doubt Best Buy is willing to do zero confirm transactions for a $2k TV.
Why not? They accept personal checks. Those are far easier to commit fraud with than double-spending bitcoin. They can also use a service like BitPay for instant transactions. |
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With a credit card, someone can commit credit card fraud with just a name and credit card number.
No name is needed. I use Frodo Baggins on my online credit card payments for my name (that's not my real name  ). |
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I have used the fraud protection on a credit card to have Best Buy investigated for double charging my card. I got my money back and one of their employees got a jail cell.
If BestBuy accepted bitcoin that situation couldn't occur. |
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But some of them got their money back and PP stopped allowing payments to them. Try that with Bitcoin.
Been there, done that. I've gotten bitcoin refunds many times from many places. Even some BFL customers got bitcoin refunds. Do you never use cash? Cash is just as irreversible as bitcoin. Use cash responsibly. Use bitcoin responsibly. |
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Everyone here preaching the gospel of Bitcoin uses its irreversibility as a key component in the superiority of Bitcoin over other value transfer systems. Companies like BFL prove that irreversibility is a major weakness not a strength. If everyone that purchased from BFL used PayPal or MasterCard to directly pay for their order no one would have lost any money. In fact, the BFL scam would have been cut off from their funding much sooner because PayPal and MasterCard would have refused to allow more payments to them.
The claim that no one would have lost money is false. Many people that used MC/PP still lost their money. There are limits on how long you can reverse those charges, and BFL was great at say "two more weeks" which ends up being many months past the reversal dates. Those MC/PP "protections" come at a huge cost. Businesses have to raise their prices significantly to deal with the fees and fraud that come with using MC/PP. |
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So many great comments in this thread. Bitcoin is small and volatile. Trade accordingly. Like this: SSS+buyback on dips. Doesn't matter which way the market goes with that strategy.
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I'm also selling the BFL recommended EVGA 1300 Watt power supplies with them as well for 200.
You mean this one that sells for $189? What a great deal!!! Anything BFL related is always a rip-off, new or second-hand. |
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T'is true, hindsight is a beautiful thing, it has to be said  Not to rub salt in your wound, but even the very first reply to this thread question's BA's reliability to deliver. There were red flags everywhere with BA. Black Arrow has a proven record of successfully manufacturing and delivering Bitcoin mining hardware on schedule at competitive prices.
I would say that is not exactly true. |
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As a couple people have mentioned, a poorly-chosen private key can be recovered. This includes some brain wallets and bugs in private key generation. Anybody claiming to be able to recover any private key is lying or he would have done so with any number of multi-million dollar addresses readily available in the blockchain.
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Nothing posted by the court. I suspect nothing happened. Eventually the judge might do something.
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Some of us really old timers are still around. |
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I can't get the Donate Bitcoins button to work. The page just greys out with nothing else showing up.
Edit: Got it to work at jmwagner.com. Have a couple drinks on me.
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The date of a message becomes underlined if it is ever edited. If you don't edit a message, the timestamp is quite reliable. Someone with direct database access could have edited the message, but not a regular account owner.
There's a small timeframe (5-10 min IIRC) where the msg can be edited without notice. Edited. Previous edit at 53:08. Edit: Ok, so the original timestamp doesn't change, but the text of the msg can change. |
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I posit the script in question is an algorithmically-governed automaton, banning every instance of theymosdox with mathematically-assured indiscretion and certainty  Nice script! How do I add my personal info to said script so that everyone that attempts to post it is insta-banned? |
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Well, in the beginning the whole Bitcoin cryptocurrency scene was considered a ponzi scam by many.
Well, they were wrong. Bitcoin has never been a ponzi in any way. |
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