Re:How I became Leonardo da Vinci on the Blockchain
by spiralx on Wednesday June 13, 2018 @10:12AM
(#17303202)
> Credit card fraud and chargebacks online are brutal, and can sink many innocent and legitimate online small businesses.
Unless you're talking adult businesses, gambling or one of the other industries with known issues with card fraud and/or excessive charge-backs, they aren't a significant problem for legitimate businesses at all. Even a 1% charge-back rate is unusual enough that card providers will flag the retailer for investigation.
Re:How I became Leonardo da Vinci on the Blockchain
by cwkoss on Friday June 22, 2018 @03:11PM
(#17376548)
Not sure that's totally accurate, here is a counterpoint article I read on here recently.
https://www.candyjapan.com/behind-the-scenes/how-i-got-credi...
Re:How I became Leonardo da Vinci on the Blockchain
by rtkwe on Tuesday June 12, 2018 @10:02PM
(#17299685)
On the opposite side of the coin the same reversibility is also great for fighting fraud from scammy sellers. For consumers anything interacting with real world items really needs to be reversible or scammers will have a field day with it and damage the brand.
The 'cash-like' quality of Bitcoin, that the sender cannot take it back or contest the transaction after the fact, is a solution to a real problem.