Stripe: Bitcoin Sign-up

Post by Nursie » Sat, Mar 29, 2014, 4:21 AM UTC

gnaritas wrote: post #187

grey-area wrote: post #177

Earlier quoted context omitted.

If it's 0 confirmation, what exactly is checked? I'm not convinced vendors are the important party here, they are making a sale and the onus is on them to provide an easy method of payment. Convincing customers to give up the protections of CCs or other digital cash payments would be a very hard battle. Escrow is not a viable alternative to verified identities in transactions, and for most consumers the slim advantag…

> If it's 0 confirmation, what exactly is checked? That's it's been broadcast to the network. > Convincing customers to give up the protections of CCs or other digital cash payments would be a very hard battle. No it won't, customers don't like sharing their credit card information online, it's why Paypal is still in business. > and for most consumers the slim advantages of Bitcoin are far outweighed by the numerous…

Post by [deleted] » Sat, Mar 29, 2014, 7:19 AM UTC

Nursie wrote: post #190

gnaritas wrote: post #188

Earlier quoted context omitted.

Merchants are ripped off by consumers far more then consumers are ripped off by merchants. That's reflected in the prices of goods which means the consumers are still being fucked by it. Saying fuck the merchant is profoundly ignorant; it's always the consumer who is fucked in the end.

>> Merchants are ripped off by consumers far more then consumers are ripped off by merchants. As it should be. >> That's reflected in the prices of goods which means the consumers are still being fucked by it. Not anywhere near as much as they get screwed withot it. >> Saying fuck the merchant is profoundly ignorant; it's always the consumer who is fucked in the end. Disagree.

Post by IanCal » Sat, Mar 29, 2014, 9:45 AM UTC

Nursie wrote: post #158

netcan wrote: post #98

Earlier quoted context omitted.

As others have said, risk=chargebacks which bitcoin does fix. with CCs merchants basically have to trust customers and being overseas makes you untrustworthy (like to chargeback). Lots of other things imply risk. The only way to reduce it is by finding out more about customers: full name, current location, previous location, chargeback history and anything else that the merchant, CC company, payment gateway and 3rd p…

Chargeback is a feature, not a bug. Without it there's no way I (as a consumer) will engage in commerce with a party I don't already trust absolutely. And if intermediaries have to be used we get back to fees and chargeback. BTC is not a good consumer payments system.

Post by Nursie » Sat, Mar 29, 2014, 4:40 PM UTC

gnaritas wrote: post #192

Nursie wrote: post #191

Earlier quoted context omitted.

>> No it won't, customers don't like sharing their credit card information online, it's why Paypal is still in business. Paypal is in business because it's easy, nothing to do with giving out CC details. >> Not when they trust their vendors. I trust Amazon for example, I don't need to pay a few extra percent to the card company for consumer protection. Then you'll end up paying a few percent to amazon to protect you…

Libertarian nonsense huh, despite what I said being completely true on amazon, and me not being a libertarian but a bleeding heart liberal, I'm just going to say you're trolling for a political argument with such idiotic abandon that I'm not wasting another breath on you. Go troll reddit.