What would you do if it became reversible like paypal?

[knowhow]

This happens with banks ,when you made a transfer to someone account ,usually you cant recover those money sent wrong,happened to a friend mine because one digit sent wrong around 1500euros to wrong account and well money is lost.We must confirm always the adress to pay anyone ,deposit or anything else being at bitcoin or real world.

Those option wont happen ,decentralized coin,unlimited value,the king of crypto currencie that all others are compared and traded,but if this becomes possible all crypto world would die in the same moment as the announcement.

[n2004al]

Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

I'm getting tired of the statements that it can't be done, its a hypothetical situation and I'm asking for your reaction , please bother to read the posts before you post

I don't want to be hostile but why discuss something which have no chance to happen. What is the meaning of the discussion?

[smith coins]

I think if Bitcoin become reversible like Paypal, many users will not use it, because we already use the reversible sources such Paypal and so on, we liked Bitcoin because simply it's different and it's not reversible and decentralized , and i hope it still like this

I think that since it has been created in 2009, i don't think anyone can change it structure to reversible payments like PayPal.
There will be a lot of mess and a lot of scams because it is anonymously, and a support should process every reversible payment request so i don't think this will happen.

[aso118]

Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

One person handling millions of disputes? Laws of which jurisdiction would apply?
I wouldn't be interested in using the hypothetical centralized currency you mention.

[Soros Shorts]

Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

I'm getting tired of the statements that it can't be done, its a hypothetical situation and I'm asking for your reaction , please bother to read the posts before you post

I don't want to be hostile but why discuss something which have no chance to happen. What is the meaning of the discussion?

Who knows? Maybe he is thinking about starting ReversibleCoin and doing some background research about potential user acceptance. At least, that was the way I viewed the question - not so much about forking Bitcoin per se.

Believe it or not some people hate irreversibility, likely people who mostly transact in the context of consumers/buyers.

[Amph]

Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

I'm getting tired of the statements that it can't be done, its a hypothetical situation and I'm asking for your reaction , please bother to read the posts before you post

I don't want to be hostile but why discuss something which have no chance to happen. What is the meaning of the discussion?

Who knows? Maybe he is thinking about starting ReversibleCoin and doing some background research about potential user acceptance. At least, that was the way I viewed the question - not so much about forking Bitcoin per se.

Believe it or not some people hate irreversibility, likely people who mostly transact in the context of consumers/buyers.

ti's probably a way to know how many user would like paypal here, but if he had written it directly, maybe he would have got not entirely genuine answers...

[ginvestor]

Maybe I will keep using it.

[knowhow]

Some of us would use if but the difference against paypal would be the fees the lower ,but what the point to do another paypal?Payza tried to be as paypal and fail ,makes no sense paypal control the market of disputes,the same way google control the ads income .

[maku]

I would do nothing really. Credit card, Paypal and other transactions and reversible as well, and what people do about it?
Many people believe bitcoin simply must change to bring it in line with other payment systems to be adopted by mainstream.

[Bit_Happy]

Bitcoin would have some value to me, but not nearly enough. "Reversible like Paypal" would come close to destroying BTC.

[maku]

Bitcoin would have some value to me, but not nearly enough. "Reversible like Paypal" would come close to destroying BTC.

It will be problematic only because Paypal is centralized and managed by one company, hence all 'reversals' are being controlled and watched.
With bitcoin there will be no one to oversee this type of actions therefore everyone could do reversal on their own. It is too much power for people to handle.

[megatown]

I would not use it at all.

[Lauda]

This questions is very simple. Either Bitcoin takes off or it dies. I'm pretty sure that the government and some other companied would love Bitcoin if it was reversible. If it was, I would never get near it again. Simple as that.

[knowhow]

Government rules will lead at a centralized coin that goes against mainstream of bitcoin ,the fact is this cant happend and wont happen otherwise all crypto will fail and we will need satoshi to remake something new and out of governments hands once again.

[Kanapka]

I would not use BTC

[RKing]

If you with Paypal, then it is reversable. But it is not a bad thing if you want to be protected.

[leex1528]

This would completely defeat the whole purpose of Bitcoin in my opinion.  Who would want that except people trying to scam?  I personally don't use pay pal for this reason, as they cannot track "virtual" objects so it is impossible to sell them on there.

[_Miracle]

Hypothetically speaking: I'd be out.

[Klestin]

[Jeezenotthisshitagain.jpg]

Bitcoin, of course, already supports fully reversible transactions with a variety of methods and use cases.  Multisignature and pay-to-script transactions allow for the exact sort of reversibility that credit cards support today, as well as a near infinite variety of transaction types we haven't yet dreamed up.  And no, this is not limited to simple escrow. 

[smith coins]

I would not use BTC

I would move to another coin like doge or ltc.
At least these are not reversible and bitcoin popularity would really decrease.
If it became like paypal i will use then paypal and other alt coin.