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by optimuspaul 3385 days ago
I literally laughed out loud at this. Bitcoin does not solve for any of this. Maybe it will stop some large corporation from putting a hold on your "cash" but bitcoin is by no means safe from theft. You can be your own payment processor, but you will still have angry customers. In fact you will probably have far less customers because most normal consumers want to protections that using a service like PayPal provides.
1 comments

(Sorry I was in a hurry and miswrote! English is not my native language. I edited my post to clarify.)

What I meant to say is that Bitcoin eliminates chargeback fraud, because payments are irreversible. That plus Bitcoin eliminating the need for a payment processor who may freeze your money are 2 real problems that Bitcoin solves.

Theft is also solved by storing bitcoins in a hardware wallet (or 2 for a backup) like Trezor, Ledger, etc. To date no credible theft of coins stored in a hw wallet has ever been reported.

And I don't recommend to only accept Bitcoin payments. As you point out this would severely limit sales. At least sabslaurent could accept it as an additional payment option, which would provide an extra revenue stream not subject to Paypal's risks.