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Author Topic: The case of chargebacks  (Read 1111 times)
calkob
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December 17, 2015, 07:08:48 PM
 #21

I think your right the average punter is going to need some sort of charge back feature before they will purchase items.  However as has already be stated bitcoin its self does not need to have this feature built in.  but some third party can provide this.
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December 17, 2015, 08:20:54 PM
 #22

For my point of view the charge back would harm Bitcoin more than helping it due to the fact that many scammers will try to find a way to cheat the system. It's very good as it is now and there's a reason why escrow services are around, to cover this problem.
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December 17, 2015, 09:53:47 PM
 #23

For my point of view the charge back would harm Bitcoin more than helping it due to the fact that many scammers will try to find a way to cheat the system. It's very good as it is now and there's a reason why escrow services are around, to cover this problem.

ironically scammers are actually taking advantage of the fact that bitcoin is irreversible, so it's a double edge sword

not saying that chargeback is needed, but still, it will not help the scammer more than what bitcoin has right now
knightkon
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December 18, 2015, 02:59:22 AM
 #24

How having charge backs is going to help Bitcoin ? It won't . In fact most of people who are using Bitcoin right now probably use it because it's a secure method that they can use to sell their stuff . Beside & in my opinion , Bitcoin not allowing charge-backs just decrease scams because it makes people more careful when they buy stuff .
Charge backs will help get more customers to use Bitcoin.  People want security to verify that they are able to do business and if there is an issue with a not so nice company, they have some protection.  It is not for the sellers, but the buyers.  Charge backs are few and far between, but there is the times in which you do need it.  My wife went to Florida for a week with a friend. She went to the hotel to get groped by an assistant manager and watch a drug deal in the hall before she got to her room.  She left the hotel and did not come back, rented a new room.  I had to file a charge back because the hotel refused to do anything about it.  Should I not have received my money back? I am dealing with them in court for criminal charges, but there is no reason I should have to wait over 2 years to get my money back.  These are situations which you need charge backs.  On another note, charge backs would put an end to all of these scamming investment sites.  You think a site developer would bother designing a scam site if they new that the customer could do a charge back if they were screwed?

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mobnepal
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December 18, 2015, 03:11:19 AM
 #25

Bitcoin is a decentralized currency but if chargeback system is implemented than it will be centralized. In my opinion bitpay like service can work as escrow and handle the chargebacks if they like to do in future.
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December 18, 2015, 03:13:47 AM
 #26

Agree with you 100% op.  When I receive bitcoin I know there is no
possible way I can get screwed and get a charge back. I just had
someone charge back 44 bucks on ebay and its very annoying.

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