|
April 09, 2013, 08:10:12 AM |
|
I've been reading a number of threads this evening. One that especially caught my attention is the BFL scam thread.
That got me to thinking, is BitCoin the perfect scam currency? If the charges can never be reversed, how do you protect yourself?
Think about cash for a moment, when you walk into a store you will get your food, or items on the spot. If you order something from a store to pick up at a later date, typically you feel secure since that business has taken the time to rent a brick and mortar building they are not going to disappear overnight.
Think about internet transactions, every transaction is done digitally. Paypal, Credit Card, Bank Transfers. These can all be traced, and if a problem occurs, you can file a complaint and get your money back.
Think about bitcoin, once you click send, it's gone. There is nothing you can do. File a complaint... with who? Make a thread about it on bitcointalk? Who cares if thousands of people think you're scamming. If you're selling a product that is just within the realm of believable, you're going to make a killing. $139 for a 4.5 GH miner? (I noticed they raised their prices to $250 or something.)
Heck yea I would buy one today if I could walk into BestBuy, pick it up, and start hashing away tonight. I'd probably buy two.
Anonymous currency (cash) works when doing transactions in person. But, it seems too easy to be scammed online.
Disclaimer: I am mining on two machines 24/7, and I've bought bitcoin for USD, so I do believe in the currency. I'm just concerned.
|