You've heard of credit card fraud before... right?
There are ways to prevent this, as has been already mentioned above, verification is the key.
You've got to be kidding me. Bring your 3-tier verification processes. You're still going to get defrauded if you allow crypto purchases with credit cards - period. If you don't understand this, then you're just being ignorant.
But please, prove me wrong... (hint: you can't, I'm just going to enjoy watching you fail if you try)
well im not here to teach you about creditcard merchant and banking technologies so if that is your view then what can i say but, you are welcome to your opinion. keep saying it's impossible, you'll believe it eventually. experienced point of sale and financial sector worker here who's worked in rooms with millions of dollars sitting next to me in cash.. but hey what do i know. if you try any creditcard fraud though via my implementation, you'll find cops at your door no matter what country u live in.
vericoin may have chosen to use a 3rd party. but doesnt that mean "not impossible"?
anyway it's past my bedtime/movietime so im off for now.
It's not just an opinion... nor does having sat next to piles of cash indicate you know anything about credit card fraud prevention.
How about this: if you're so sure nobody can defraud your credit card processing implementation, please put your money where your mouth is, and offer a public challenge to proving you wrong.
The fact your say, "you'll find cops at your door" clearly indicates that you have no clue about anonymity on the internet. How exactly are you going to find the person that defrauded you to buy a digital product that was never shipped? And even if you are talking about a merchant that physically ships products, it's going to be a drop address, and the recipient will be long gone by the time you get the credit card charge back...
So... Prove it or shut the fuck up - and I'll happily disprove anything you try to prove about your recent comments. So, I would suggest you go with the "shut the fuck up" option, and stop talking about what you don't know. You show me somewhere that you can purchase crypto currencies with credit cards, and I'll show you somewhere that is (or will be) actively being defrauded.
And BTW, working with large sums of cash that isn't yours is easy - most people learn quickly not to associate that cash with spendable money, and instead view it as a sort of monopoly money - it can be counted, but has no real world value to you.
i would respond to this. believe me i would, but ive said enough on the topic. i know all about credit card processing technologies, the holes and loopholes in various implementations and what you say isnt far from the truth. but truth be told.. the more information i provide is the more information i provide for free. so if noone believes it is possible, then that just leaves the door open for me to deliver something brand new to cryptocommunity. im working on developing my own project atm and these features are part of my project roadmap. a roadmap where i have the contacts and experience to deliver on every single aspect of it over a 24 month period. it wont be just empty promises. i have my methods of solving problems. it's what i do for a living. im a thinker/inventor etc!
what i will tell you is that i also intend to place bounties out for hackers to try to exploit our code. i intend to hire hackers on contract to further stress test any new technologies i implement so im not afraid of that. ill give you this.. you may be right in saying "there is no 100% security on the internet" and that is absolutely true! but what can be done is that the process is made so difficult to perform, that only a few would take the time, or have the knowhow to perform it. are you going to intercept a call from the bank to it's true cardholder before the transaction is approved? sure you could steal their phone, but what if its on a landline, you'll go outside their house and phreak their box? im no stranger to these technologies my friend. theres alot more that can be done as well regarding security. there are multiple facets.
the last thing i will say on the topic is about chargebacks is that if you provide the required verification through the right channels, then chargebacks dont become an issue and the bank will repay it's real creditcard owner via it's insurance setup. so the merchant doesnt suffer any chargeback issues once they agree to operate under certain protocols.
either way, i can debate a topic without cussing and getting on like a raunchy idiot to get my point across. to me i consider that behaviour losing the debate. so dont frustrate yourselves mate. its just a conversation on the internet.
