Wired was relevant back in the 1990's - 2000.
It sure as hell isn't now.
It sure as hell isn't now.
Wired?? which wired? this one?
http://www.wired.com/magazine/2011/11/mf_bitcoin/
Topic: 2013-11-26 Wired Bitcoin...Its Fatal Flaw - page 2. (Read 1973 times)
Wired?? which wired? this one?
http://www.wired.com/magazine/2011/11/mf_bitcoin/
Wired was relevant back in the 1990's - 2000.
It sure as hell isn't now.
It sure as hell isn't now.
http://www.wired.com/opinion/2013/11/once-you-use-bitcoin-you-cant-go-back-and-that-irreversibility-is-its-fatal-flaw/
Pretty negative piece, thoughts..
Pretty negative piece, thoughts..
For someone claimed to be Security expert, hes certainly lacks intelligence.
Can cash be reversible?
lol Does reversibility of CC PREVENT CC fraud? No it might protect some CC users (no all CC has the same policy) but certainly the thieves already got their reward.
Yes, chargebacks from credit cards still screw someone, either merchants or issuers.
http://www.wired.com/opinion/2013/11/once-you-use-bitcoin-you-cant-go-back-and-that-irreversibility-is-its-fatal-flaw/
Pretty negative piece, thoughts..
Pretty negative piece, thoughts..
For someone claimed to be Security expert, hes certainly lacks intelligence.
Can cash be reversible?
lol Does reversibility of CC PREVENT CC fraud? No it might protect some CC users (no all CC has the same policy) but certainly the thieves already got their reward.
I think the article is flawed, because that was one of the original points of Bitcoin. Also a centralized system like PP could be used to allow chargebacks in some capacity. Also given that cash is also
"non-chargeback-able", but is still used, I feel that it can be overcome.
"non-chargeback-able", but is still used, I feel that it can be overcome.
http://www.wired.com/opinion/2013/11/once-you-use-bitcoin-you-cant-go-back-and-that-irreversibility-is-its-fatal-flaw/
Pretty negative piece, thoughts..
Pretty negative piece, thoughts..
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