Topic: Bitcoin has no built-in consumer protection? - page 3. (Read 481 times)
yes, you are correct, bitcoin has no true form of consumer protection. The insurance industry has responded very slowly to the crypto space, furthermore any third party insurance policy you find for crypto is very likely a scam. That being said, you will find others that argue bitcoin is in fact the paragon of consumer protection in that only you alone are in control of your funds (you are the bank) unlike traditional fiat. In the end, however, if you fall prey to a scam or make an erroneous transaction and lose your funds, there is virtually no way of recuperating them as there is no point of authority to turn to.
Bitcoin offers no such protections? And the Transactions are Irreversible as well.
These includes the following like:
Protection from counterfeit bank notes BTC
Protection from financial surveillance BTC
Protection from identity theft BTC
What are you opinions?
These includes the following like:
Protection from counterfeit bank notes BTC
Protection from financial surveillance BTC
Protection from identity theft BTC
What are you opinions?
Jump to: