Re:Namecheap now accepts Bitcoin with zero confirmations
by MichaelGG on Monday July 15, 2013 @05:53PM
(#6048790)
Even if it was easy to forge, what's the point? As soon as it is clear that it's not a valid transaction, they can just cancel your order.
[ Parent
| on HN ]
Re:Namecheap now accepts Bitcoin with zero confirmations
by meowface on Monday July 15, 2013 @06:37PM
(#6048972)
Yep. It's only an issue if you are giving the buyer something irreversible.
It's essentially no greater risk than accepting credit cards; any buyer can do a chargeback and get their money back at a moment's notice, but it happens fairly infrequently and when it does happen, you just revoke their rights to the service and ban them if necessary.