Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud
by lawn on Thursday May 17, 2018 @04:31PM
(#17095372)
There are drawbacks to be sure. Yet you don't refute my examples.
> Nobody outside onionland handles commercially-significant crypto transactions.
I've bought computers, books, clothes, games, online services and made significant donations using cryptocurrencies. I have also received several refunds (they were priced in euros and so I received a matching amount in cryptocurrencies).
That's just an ignorant and wrong statement.
Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud
by sandworm101 on Thursday May 17, 2018 @06:00PM
(#17096398)
>> I've bought computers,
Ya. BOUGHT. I guarantee the people selling them to you have different stories. The retailers that do take bitcoins knowingly do so for other reasons. The are trying to be cool and, perhaps, have a jump on the competition if things change. I'd bet they operate the bitcoin division at a loss.
Security is a huge deal. Want to get hacked? Tell people you accept bitcoin payments. Put an interface on your website. Remember to bolt your server down to the floor with big long bolts. And the backup server. And the other backup. And all the little thumbdrives. Cash is far easier to secure.
Think credit cards are difficult, try negotiating with a customer wanting a refund in bitcoins. Exactly how much bitcoin do they get today in exchange for a purchase made last week?
Nobody outside onionland handles commercially-significant crypto transactions. There are reasons.