I see. There doesn't appear to be any defense, so I'll just accept the risk. Good think Bitcoin doesn't have chargebacks!
EUREKA! It works! I have one more bitcoin!The defense against Paypal chargebacks is to not use Paypal at all.
Paypal only works when the receiver trusts the spender.
As a consumer protection feature, Paypal allows buyers to back out of trade and charge back their purchase. Users might cry that they did not get what they paid for, or they may claim their account was cracked or phished. Paypal will take the money back from the receiver.
As a seller, it's easy to trust someone who is buying a service that can't easily be resold, such as a subscription.
With something liquid, the classic example being the mail order laptop, it's harder to trust the spender. What is to stop him from charging back after the hardware is shipped?
In the case of trading Paypal for cash money, like bitcoin, it's very hard to trust the spender. Nothing is more liquid than digital currency. It belongs to the bearer, as does cash. It's easily traded into anything you can imagine. It's liquidity is very attractive to phishers and scammers.
There is a whole army of thieves who understand this and will steal from you Quip. This is an old problem and has been addressed so very often by every digital currency in use, past and present.
When you start verifying and validating and ID ing and KYC ing and AML ing and on and on, you completely undo the benefit that the digital currency delivers. It's no longer private. Privacy is the necessity that did mother this invention. It's no longer cheap. All that checking and validating and getting to know someone is time consuming and expensive. In the end, you will be wrong about some users and you will be the only one to pay for those errors.
Now you are an exchanger; you are effectively upgrading the hardness of your users' money. The buck stops with you. You are the firewall against fraud.
Good luck and best wishes.
thanks completely for these notions,
so: pratically,
i'm italian, i'd like to buy and sell bitcoin, what would be my best choice?
excuse me but it’s days i’m reading about Bitcoin (trying to understand as much as i can.. i’m italian..),
and i still don’t get HOW to buy and then HOW to reSell my bitcoin.
could you explain/ make clear (and just easier) to me?
E.G.:
I find one who sell 100bitcoin, and i buy it sending my money through paypal[NOW YOU SAID NO SURE SO..?](this one will get a % of a translation , isn’t it?)
and the (HOPEFUL) person will charge my bitcoin with the address & string..
then:
if i’d like to sell, i should write a post on forum , HOPE that someone will buy and then send my bitcoin to the string buyer and TRUST that he’ll charge my paypal[NOT SURE EITHER SO?]??
how does these exchanges works? (IS IT SURE PAYPAL?) What would you suggest me to do for buy like 100bitcoin and resell in a future?
thanks REALLY in advance if you could try to answer me
