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A comment on Bitcoin: Who owns it, who mines it, who’s breaking the law. Parent comment

Re:Bitcoin: Who owns it, who mines it, who’s breaking the law by giuliomagnifico on Friday October 15, 2021 @11:43AM (#28878996)
Yes but:

1 Bitcoin ~ validated by millions of nodes

100,000 visa transaction ~ validated by one entity

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Re:Bitcoin: Who owns it, who mines it, who’s breaking the law by yboris on Friday October 15, 2021 @11:55AM (#28879153)
Has there been, in the last few decades, any concerns about the validity of the Visa transactions?
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Re:Bitcoin: Who owns it, who mines it, who’s breaking the law by linschn on Friday October 15, 2021 @11:58AM (#28879195)
Of course, have you never heard of credit card fraud?
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Re:Bitcoin: Who owns it, who mines it, who’s breaking the law by colinmhayes on Friday October 15, 2021 @12:17PM (#28879436)
Credit card fraud is effectively the same as someone stealing your bitcoin wallet password. Bitcoin does nothing to stop that. In fact, credit cards are much better at stopping fraud since they'll just undo any transactions you dispute.
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Re:Bitcoin: Who owns it, who mines it, who’s breaking the law by giuliomagnifico on Friday October 15, 2021 @12:05PM (#28879305)
Maybe not, maybe yes and Visa hasn’t released the new because it would be disastrous publicity for the company.
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