Re:Coinbase Wants to Be Too Big to Fail
by Nursie on Friday September 28, 2018 @05:08AM
(#18091960)
> If you're a business,
Only if you think that people would still spend their money with you without it.
A lot of folks (myself included) would be far, far more reluctant to spend money with smaller players or new businesses without the layer of protection.
> Reversibility does not reduce the incentive to commit fraud
Of course it does - merchants have been committing fraud since the dawn of time. It's a constant throughout history. Look up "Caveat Emptor" sometime.
Only if you think that people would still spend their money with you without it.
A lot of folks (myself included) would be far, far more reluctant to spend money with smaller players or new businesses without the layer of protection.
> Reversibility does not reduce the incentive to commit fraud
Of course it does - merchants have been committing fraud since the dawn of time. It's a constant throughout history. Look up "Caveat Emptor" sometime.