Reputation systems and multi-sig escrows are not substitutions for chargebacks.
There are plenty of instances where you need to refund something the day after you received it, by which point the escrow money is long gone. Then the solution becomes "Hold transactions in escrow for 30 days" which isn't a solution.
And reputation systems don't work on the internet, especially when purchasing is involved. How do you competitively solve this problem?
There are plenty of instances where you need to refund something the day after you received it, by which point the escrow money is long gone. Then the solution becomes "Hold transactions in escrow for 30 days" which isn't a solution.
And reputation systems don't work on the internet, especially when purchasing is involved. How do you competitively solve this problem?