Re:Seamlessly Buy with Bitcoin using Zinc
by JoshTriplett on Wednesday March 12, 2014 @05:53PM
(#7388646)
The only way this could ever work safely is if you partnered with a credit card company prepared to treat a record in the blockchain as sufficient proof to refuse a chargeback.
Re:Seamlessly Buy with Bitcoin using Zinc
by CamperBob2 on Wednesday March 12, 2014 @06:28PM
(#7388836)
Or if you treated credit-card bitcoin purchases as options. On the surface it's not a good idea for someone to accept credit cards for bitcoins, but why can't I use my credit card to purchase BTC at the current rate for, say, April 15 delivery? Of course, now I have to trust the seller to follow through, but that's a tractable problem that can be solved with either reputation-based trust or escrow services.
Re:Seamlessly Buy with Bitcoin using Zinc
by officialjunk on Wednesday March 12, 2014 @09:27PM
(#7389595)
I like this. Do you know how long one would have to wait for chargebacks to be no longer an option?
Re:Seamlessly Buy with Bitcoin using Zinc
by JoshTriplett on Wednesday March 12, 2014 @11:23PM
(#7389899)
At a minimum, chargebacks can occur months later. The chances of a fraudulent chargeback would go down the longer you waited, though the changes of a legitimate "why don't I have my product yet" chargeback would likely go up.
Re:Seamlessly Buy with Bitcoin using Zinc
by atulagarwal on Wednesday March 12, 2014 @06:41PM
(#7388911)
I think it's a pretty solid way of establishing "delivery". But Credit Card company supporting BitCoins, that doesn't sound too probable, since easy availability of BTCs could be a threat to Credit Cards.
Most people don't abuse them, but a handful does, and that's enough to wreak havoc.