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Bitcoin Forum > Other > Beginners & Help > What insurance do I have of receiving a product after paying bitcoins?
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Thunderlight (OP)
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July 20, 2011, 01:44:45 PM
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So if I send Bitcoins to an address, what is to stop that company from keeping their product? Is the only trust held with the company?
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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apis
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July 20, 2011, 01:49:23 PM
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Quote from: Thunderlight on July 20, 2011, 01:44:45 PM
So if I send Bitcoins to an address, what is to stop that company from keeping their product? Is the only trust held with the company?
Isn't it the same when using credit cards?
gellimac
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July 20, 2011, 01:53:19 PM
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Quote from: apis on July 20, 2011, 01:49:23 PM
Quote from: Thunderlight on July 20, 2011, 01:44:45 PM
So if I send Bitcoins to an address, what is to stop that company from keeping their product? Is the only trust held with the company?
Isn't it the same when using credit cards?

no because you can contact your bank to cancel the order

Quote from: Thunderlight on July 20, 2011, 01:44:45 PM
So if I send Bitcoins to an address, what is to stop that company from keeping their product? Is the only trust held with the company?

no there is nothing that's why you have to search before if it is not a scam
klaus
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July 20, 2011, 02:05:31 PM
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Arrange with the dealer to use an escrow or don't buy.

http://btcrow.com

http://securecoin.org
bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1​
threema:HXUAMT96
feelz
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July 20, 2011, 03:02:29 PM
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That cool didn't even know such a thing existed.
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