My opinion about BTC

by Satoshi - 21-02-2016, 03:01 PM
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#1
OP
Posted: 21-02-2016, 03:01 PM
You are trading an unsecured asset for a secured asset.


Bitcoin transactions are non-reversible. All other forms of online payment are. Sellers do this in order to protect themselves from fraud.

Large sellers might also be compelled to comply with AML/KYC but I doubt it.

To avoid fraud use the only other form of non-reversible payment (cash) and meet in person.


:yay: :yus: Money

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#2
Posted: 21-02-2016, 03:20 PM
Its unsecure, if you deal over websites and with untrusted users.
Lost many bitcoins because of markets on the dw.
Better use it on forums like nbb with middlemans or trusted users.
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#3
Posted: 21-02-2016, 03:24 PM
Well. I mean, are you new to the world of conning? It's easier to get away with cash fraud and shit imo as there aren't really "logs" but just may find fingerprints on a bill that could be passed from hundreds of people - fake money and good stamina if the fake doesn't work. A lot of people here can't just "meet in person" like you say.
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#4
Posted: 21-02-2016, 03:44 PM
I have delt with 1000's of BTC's and never got really screwed over.
Thats why becouse i always know who im dealing with and that i can trust them.

If in enough doubt, just dont do it.
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#5
Posted: 22-02-2016, 12:59 AM
I was always mixed about bitcoins. I tend to swing both ways. I've gotten charged back so many damn times, that was the only reason why I started to accept it.
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#6
Posted: 22-02-2016, 03:48 AM
(21-02-2016, 03:44 PM)Legitti Wrote: I have delt with 1000's of BTC's and never got really screwed over.
Thats why becouse i always know who im dealing with and that i can trust them.

If in enough doubt, just dont do it.

Exactly this or you can deal in small amounts
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#7
Posted: 24-02-2016, 06:36 PM
I think paypal it's very safe
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#8
Posted: 24-02-2016, 08:22 PM
In my opinoin if I could I would only use BTC.
I'm a person who cares a lot about privacy and anonimity.
Those are one of the biggest reasons I like BTC.

Also the fact transactions are non reversible is a really positive side. It will prevent lots of fraud (Chargebacking et cetera).
But then also people can get easily scammed and not get money back.

There's both good and bad things about BTC.
Do not allow the eye to fool the mind.
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#9
Posted: 24-02-2016, 08:28 PM
I would use paypal or BTC if I was running a market. But if I am buying something that's expensive I would want to use paypal because it's refundable.

But mainly why services offer BTC is for anonymity.
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#10
Posted: 24-02-2016, 09:02 PM
I only accept PayPal for high amounts of payments ( ex $500+ )
Cba to get chargeback for $30 or less .-.
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