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A comment on Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud. Parent comment

Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud by hueving on Friday May 18, 2018 @04:33PM (#17104743)
Trust for what? I'm happy to use my credit card pretty much anywhere because US credit card companies will easily reverse any fraudulent transactions.

Shopping on the web with credit cards is a solved problem. There is some hidden subtext at play with bitcoin that I'm missing. Is it that you don't trust your customers?

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Re:Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud by ryanlol on Friday May 18, 2018 @05:41PM (#17105182)
Yes, unfortunately we can’t trust our customers.

Before, people were using stolen cards to buy accounts on our service and then selling those on hacking forums.

After forcing new users to pay in cryptocurrency (or have a call with us), there’s been essentially no fraud.

For our niche this seems to work well.

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