It's not just theft protection though. Bitcoin provides protection from forms of... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		tshaddox on Jan 15, 2014 \| parent \| context \| favorite \| on: Dogecoin now accounts for more transactions than a... It's not just theft protection though. Bitcoin provides protection from forms of fraud which specifically use mechanisms in a currency or transaction system, like chargebacks on PayPal (a ubiquitous form of fraud), or fake Western Union payments.

dragonwriter on Jan 15, 2014 [–]

Chargebacks may be a mechanism of fraud by purchasers against sellers, but they are also a tool for addressing fraud by sellers against purchasers.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact