Re:Why the practical applications of Bitcoin will be limited
by ForHackernews on Wednesday March 04, 2015 @09:18PM
(#9148839)
Maybe you should read more carefully.
> No fraud OR charge-back
Strongly implies those to be two different things. You write "Fraudulent chargebacks", talking about a single thing, a specific kind (fraudulent) of chargeback. You also neglect to mention that bitcoin eliminates fraudulent chargebacks by just not having chargebacks at all. Which is a bit like celebrating North Korea eliminating voter fraud.
This kind of thing is everywhere in the bitcoin community: Make absurd, grandiose claims ("be your own bank!", "bitcoin is the future of money", "totally decentralized!" [except for the giant central ledger of all transactions]). And then whenever you get called out on it, you'll retreat to some more limited, defensible argument, and claim that's what you were really talking about all along.
> No fraud OR charge-back
Strongly implies those to be two different things. You write "Fraudulent chargebacks", talking about a single thing, a specific kind (fraudulent) of chargeback. You also neglect to mention that bitcoin eliminates fraudulent chargebacks by just not having chargebacks at all. Which is a bit like celebrating North Korea eliminating voter fraud.
This kind of thing is everywhere in the bitcoin community: Make absurd, grandiose claims ("be your own bank!", "bitcoin is the future of money", "totally decentralized!" [except for the giant central ledger of all transactions]). And then whenever you get called out on it, you'll retreat to some more limited, defensible argument, and claim that's what you were really talking about all along.
There's a name for this kind of rhetoric, it's a "motte-and-bailey" argument: http://philpapers.org/archive/SHATVO-2.pdf