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by Karunamon 4047 days ago
It becomes a lot easier when people make the connection that "bitcoin == cash, but online".

It's just that everyone is used to credit cards being the primary way to pay for things on the internet, and they think the model is the same, when it's radically different.

What happens when you give cash to someone for something and it turns out they scammed you? Your cash is gone. Involve the authorities or just eat it.

What happens when you lose your wallet in real life? The cash inside is gone, you don't get it back.

What happens when someone steals your wallet? The cash is gone.

Etc, etc, etc.

1 comments

Of course, all these things are reasons that many people prefer credit cards for in person transactions even though cash is available for them. So, I'm not sure that replicating all the problems of cash for online transactions is a great selling point for bitcoin.