Are you not replying to my main point (most merchants are honest therefore chargebacks are rarely needed) because you agree with it? > That may be a problem with the current implementation, but it doesn't have to be I…
No, Coinbase is insured even if only a "fraction" of their site is hacked. I am not sure why you would claim the insurance only covers a hack of the "entire site", but not a "fraction". See, my point is that there is…
Coinbase's bitcoins are insured. And Coinbase's dollars are FDIC-insured. There is nothing inherent to Bitcoin that prevents an exchange from being operated responsibly and covered/insured just as well as traditional…
Just one, plus this temporary account. I am not at home and I don't have access to my password safe containing my HN password.
It was not a ponzi, but MtGox became insolvent through fraud: Mark Karpeles simulated fake transactions with fake coins and fake dollars using his willy bot.
(I can't log into my venaoy HN account at the moment) > Spinning a lack of reversible transactions as being a "Benefit" is disingenuous I argue, through my examples, that reversibility is often not as important as you…
Are you not replying to my main point (most merchants are honest therefore chargebacks are rarely needed) because you agree with it? > That may be a problem with the current implementation, but it doesn't have to be I…
No, Coinbase is insured even if only a "fraction" of their site is hacked. I am not sure why you would claim the insurance only covers a hack of the "entire site", but not a "fraction". See, my point is that there is…
Coinbase's bitcoins are insured. And Coinbase's dollars are FDIC-insured. There is nothing inherent to Bitcoin that prevents an exchange from being operated responsibly and covered/insured just as well as traditional…
Just one, plus this temporary account. I am not at home and I don't have access to my password safe containing my HN password.
It was not a ponzi, but MtGox became insolvent through fraud: Mark Karpeles simulated fake transactions with fake coins and fake dollars using his willy bot.
(I can't log into my venaoy HN account at the moment) > Spinning a lack of reversible transactions as being a "Benefit" is disingenuous I argue, through my examples, that reversibility is often not as important as you…