Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Talking about irreversible transactions as if they're objectively bad is intellectually dishonest. Chargebacks are a real issue for many genuine sellers and crypto offers perfect protection for them. If you don't trust the seller then use alternative methods, but this type of transaction is for a niche that needs to be filled.


Yes, and cash is irreversible too. A large part of the world still runs on cash and it works just fine.

Chargeback rates vary a lot by country too so this is not as much of a problem everywhere. And with 3-D Secure authentication it's already much harder to get your money back.


Sadly, cash doesn’t have an effective range beyond a few inches.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: