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by dick_sucker2 2926 days ago
No chargebacks?
2 comments

Is that meant as a positive or a negative, as chargebacks help the consumer, as does non-repudiation. The general public wants these features in our exchange mediums.
It forces arbitration with the business in the case of a dispute. Wouldn't payment processors and businesses want that?
Consumers don't want that.
You can build a system that allows charge backs on a system that doesn't allow charge backs but you cannot build a system without charge backs on a system that does allow charge backs.

These escrow products already exist for customers on Bitcoin.

That's not a feature it is a drawback.
It is actually a feature. From the original Bitcoin whitepaper:

> Transactions that are computationally impractical to reverse would protect sellers from fraud.

https://bitcoin.org/bitcoin.pdf

As a buyer I wouldn't use it then.
Mmm. I am not sure if Square actually lets you transact using Bitcoin or if this is just about purchasing and selling it to hold it as an investment. I haven’t actually tested it out.