Re:Show HN: Retail Store that runs on Ethereum
by source99 on Friday June 23, 2017 @01:31PM
(#14620980)
Does this help alleviate scenarios where Paypal has the power to shutdown a seller's account and hold their funds?
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Re:Show HN: Retail Store that runs on Ethereum
by root_axis on Friday June 23, 2017 @03:12PM
(#14621921)
Sure thing. Cryptomoney is very advantageous for merchants because their funds cannot be frozen nor are they vulnerable to chargebacks or any other type of restrictions placed on them by financial companies attempting to discourage or incentivize specific behaviors. On the other hand, in the centralized world, consumers enjoy many protections from fraudulent and incompetent merchants and gain nothing by participating in a system where all consumer protections are absent.