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Author Topic: How to deal with seller fraud with services such as MyBitcoin?  (Read 1015 times)
Chick
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July 05, 2011, 06:15:55 AM
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This really confuses me. There is literally no protection against for the buyer to get scammed? Am I right or wrong?

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elk-tamer
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July 05, 2011, 06:24:39 AM
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This really confuses me. There is literally no protection against for the buyer to get scammed? Am I right or wrong?
You're wrong. The knowledge that there is no protection against scams is the all the protection you should need.
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July 05, 2011, 01:07:27 PM
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This really confuses me. There is literally no protection against for the buyer to get scammed? Am I right or wrong?
You could try to sue them, but finding the real address would be quite a pain, I imagine. This also would be one of the things to look at before signing up as a customer.
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July 05, 2011, 05:05:06 PM
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You can deal with the possibility of seller fraud in one of two ways.

(1) Use an escrow and arbitration service, or

(2) Develop trust. Change how you shop so that you value reputation. If may take a while for the shysters to be shaken out of the market, but in the absence of consumer "regulation" there will eventually be a flourishing emergence of trusted brands.
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July 05, 2011, 05:13:10 PM
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This is why big boy financial systems have regulations and laws protecting consumers and merchants.

                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
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lettucebee
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July 05, 2011, 05:14:37 PM
 #6

This really confuses me. There is literally no protection against for the buyer to get scammed? Am I right or wrong?

Please share your story over here:

http://forum.bitcoin.org/index.php?topic=26224.0
ribuck
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July 05, 2011, 07:12:16 PM
 #7

This is why big boy financial systems have regulations and laws protecting consumers and merchants.
Those laws don't "protect" anyone. They just drag everything to the same level of mediocracy, and take away "treating the consumer well" as a differentiating factor in the market.
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