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A comment on Richard Stallman: We Can Do Better Than Bitcoin. Parent comment

Re:Richard Stallman: We Can Do Better Than Bitcoin by spookthesunset on Monday November 26, 2018 @11:18AM (#18534367)
> In other words, both buyer and seller are incurring a cost due to the existence of chargebacks

The cost isn't due to chargebacks. It is due to the risk of fraud. Criminal behaviour like fraud extracts a toll on society at large and we all get to pay. The overhead added from chargebacks make both the buyer and seller internalize the potential risk of fraud. Without chargebacks, yeah prices might be slightly lower but society at large would get to foot the bill for fraud.

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Re:Richard Stallman: We Can Do Better Than Bitcoin by baddox on Monday November 26, 2018 @11:39AM (#18534550)
It could still be optional for parties who trust each other. Chargebacks is not the only way to establish trust in a transaction.
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Re:Richard Stallman: We Can Do Better Than Bitcoin by gerikson on Monday November 26, 2018 @12:15PM (#18534897)
Loyalty programs fill that role.
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Re:Richard Stallman: We Can Do Better Than Bitcoin by baddox on Monday November 26, 2018 @12:50PM (#18535268)
Loyalty programs, reputation systems, escrow, etc. Nothing will ever be perfect, but the status quo of chargebacks is also not perfect.
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