|
|
|
|
|
by fraggle222
2643 days ago
|
|
>People / companies like to have the ability to dispute the outcome of a transaction Crypto currency doesn't stop this. You can dispute cash transactions and you can dispute crypto transactions. If I pay for something in crypto and it is not delivered, I can sue, complain, etc just as I would with a credit card. What you can't do with crypto is run to visa and have them magically reverse the charge (possibly screwing over the merchant). But dispute away my friend. |
|
Except that only holds true when you perform a crypto transaction in the same way as you do a cash transaction, for local services. The moment you do it for something remote, you will run into all sorts of issues.
If a merchant in my country fails to deliver on a cash/crypto transaction, the dispute process is easy.
If a merchant in another country fails to deliver on a crypto transaction (posting cash is a whole other topic that we'll avoid here), what dispute mechanism do I have? International law is a minefield.