Bitcoin Forum
December 09, 2016, 03:58:09 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Question from a new guy  (Read 682 times)
gochk
Full Member
***
Offline Offline

Activity: 137


View Profile
June 29, 2011, 02:03:00 PM
 #1

Bitcoin was designed to use for transaction payment without the 3rd party - banks, paypal, etc.

However, I can't help to wonder what happens in this scenario:

Person A sells goods to Person B and agrees to accept bitcoin as payment. Person B sends the bitcoin to Person A. Person A never delivered the goods / services. What happens to Person B? What recourse can Person B take?

Unlike the use of Paypal / banks (3rd party), Person B can dispute the charges and the 3rd party will withheld the payments and Person B can potentially get their money back.

Any ideas?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481255889
Hero Member
*
Offline Offline

Posts: 1481255889

View Profile Personal Message (Offline)

Ignore
1481255889
Reply with quote  #2

1481255889
Report to moderator
1481255889
Hero Member
*
Offline Offline

Posts: 1481255889

View Profile Personal Message (Offline)

Ignore
1481255889
Reply with quote  #2

1481255889
Report to moderator
1481255889
Hero Member
*
Offline Offline

Posts: 1481255889

View Profile Personal Message (Offline)

Ignore
1481255889
Reply with quote  #2

1481255889
Report to moderator
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 560


Posts: 69


View Profile WWW
June 29, 2011, 02:04:45 PM
 #2

http://forum.bitcoin.org/index.php?topic=21659.0 was the answer.  I would look around that thread or some people within that thread for what will be the next solution for this problem.

I am voting for Google to step in with a million percent secure temporary anonymous wallet system.   If you don't mind me, I'll be dreaming now.

gochk
Full Member
***
Offline Offline

Activity: 137


View Profile
June 29, 2011, 02:09:46 PM
 #3

That sounds like the use of 3rd party anyway. Just in a different currency. Companies like Paypal can easily adopt that. And here I thought we're trying to get away from those people.
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 560


Posts: 69


View Profile WWW
June 29, 2011, 02:16:28 PM
 #4

That sounds like the use of 3rd party anyway. Just in a different currency. Companies like Paypal can easily adopt that. And here I thought we're trying to get away from those people.

I'm not sure if I understand.  If you do not want to use a third party, you do not have to.  That is the risk of doing business with a person you do not know.  There is no insurance.  This is both a benefit and drawback of the coin.

At the least you can choose to not use a third party, or you can use the options that are available. Even if the 'third party' was a cool program meant to somehow track trust with another person, you are still putting your trust in something else other than you and the person you wish to do a transaction with.

Bitcoin does not end stealing and people being douches, if anything though, it makes it easier to tag those people Smiley

BCwinning
Hero Member
*****
Offline Offline

Activity: 602


View Profile
June 29, 2011, 02:22:02 PM
 #5

http://forum.bitcoin.org/index.php?topic=21659.0 was the answer.  I would look around that thread or some people within that thread for what will be the next solution for this problem.

I am voting for Google to step in with a million percent secure temporary anonymous wallet system.   If you don't mind me, I'll be dreaming now.
google and anonymous never ever belong in the same sentence.

https://www.rixty.com?ref=1337507 sign up for rixty
privacy, it does the body good.
Official Bitcoin Foundation Secretariat
The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
gochk
Full Member
***
Offline Offline

Activity: 137


View Profile
June 29, 2011, 02:30:21 PM
 #6

Sorry ...  Cheesy  I think you have inherited the newbie confusion from me.
I realize I don't have to rely on paypal / 3rd party for any payments. I was confused as to how btc will prevent fraud from happening without the 3rd party clearing house, etc. And as I read more, I got even more confused and thought I'm missing something.

Bitcoin does not end stealing and people being douches, if anything though, it makes it easier to tag those people Smiley

how do you tag those people?

google and anonymous never ever belong in the same sentence.

I totally agree. I'm surprise nothing has been done with the privacy issues on the Google map in US like other foreign country. And just antitrust lawsuit in US; nothing about keeping our searches, how we use internet, etc in their databases.
BCwinning
Hero Member
*****
Offline Offline

Activity: 602


View Profile
June 29, 2011, 03:16:30 PM
 #7

Sorry ...  Cheesy  I think you have inherited the newbie confusion from me.
I realize I don't have to rely on paypal / 3rd party for any payments. I was confused as to how btc will prevent fraud from happening without the 3rd party clearing house, etc. And as I read more, I got even more confused and thought I'm missing something.

google and anonymous never ever belong in the same sentence.

I totally agree. I'm surprise nothing has been done with the privacy issues on the Google map in US like other foreign country. And just antitrust lawsuit in US; nothing about keeping our searches, how we use internet, etc in their databases.
The USA privacy laws are quite lacking really. Anything viewable from the street is public knowledge. There is no privacy from the street/on the street.
If your windows are open and the world can look inside, you have no right to privacy. I find it quite disturbing how many people in the states just don't care about privacy or even see what the deal is about it.

https://www.rixty.com?ref=1337507 sign up for rixty
privacy, it does the body good.
Official Bitcoin Foundation Secretariat
The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
luxgladius
Newbie
*
Offline Offline

Activity: 28


View Profile
June 29, 2011, 06:35:35 PM
 #8

There's a built-in escrow system in the works as well. See https://en.bitcoin.it/wiki/Contracts for details. It's not active in the client yet though.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!