Topic: Do you think merchants should use Bitcoin or crypto currency (Read 3956 times)

Quote from: Wapinter on April 13, 2016, 05:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

what do you mean by stolen btc?
i didn't heard ever that bitcoin can be steal.i think stealing btc without someone's private key is not possible anymore. and private key are safe, if you share with someone its your great stupidity.

Btc can not be stolen but wallets that keep bitcoins may be hacked or break into

your comment is ungrounded what is different between "stealing btc and hacking wallet"?
because you are saying " Btc can not be stolen but wallets that keep bitcoins may be hacked or break into". Grin

syahril

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i think bitcoin n cripto can to trading
not must options

btvGainer

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Quote from: mynameisdon on May 17, 2016, 09:54:21 AM

Quote from: Wapinter on April 13, 2016, 05:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

what do you mean by stolen btc?
i didn't heard ever that bitcoin can be steal.i think stealing btc without someone's private key is not possible anymore. and private key are safe, if you share with someone its your great stupidity.

Btc can not be stolen but wallets that keep bitcoins may be hacked or break into

mynameisdon

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Quote from: Wapinter on April 13, 2016, 05:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

what do you mean by stolen btc?
i didn't heard ever that bitcoin can be steal.i think stealing btc without someone's private key is not possible anymore. and private key are safe, if you share with someone its your great stupidity.

btvGainer

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Quote from: dashingriddler on May 16, 2016, 01:47:16 PM

Quote from: btvGainer on May 16, 2016, 04:18:06 AM

Quote from: dashingriddler on May 16, 2016, 04:06:20 AM

Quote from: dashingriddler on May 16, 2016, 03:51:30 AM

Restaurant cashier doesn't get any information about your identity when you pay in cash also.Nobody ask your name or other info when you pay at restaurant.

So, your explanation is supporting my argument right?

You can say that.My point is it doesn't matter wheather you pay with cash or bitcoin,In some transactions you have to disclose your identity while in some you dont require

And where ever you end up disclosing may not be because you are paying in Bitcoin. You may have to reveal irrespective of mode of payment.

Exactly but it is quite different when you pay online as you can stay anonymous to larger extent when you pay with bitcoin.
To sum it up bitcoin has no extra advantage using in real world.

dashingriddler

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Quote from: btvGainer on May 16, 2016, 04:18:06 AM

Quote from: dashingriddler on May 16, 2016, 04:06:20 AM

Quote from: dashingriddler on May 16, 2016, 03:51:30 AM

Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

For sure it does as long as the product or service can be paid through cash without revealing the identity. For example why would the restaurant cashier bother about the identity as long as he is getting bitcoin as the payment ?
But let us say you are buying a two wheeler, the identity would definitely matter because the buying of two wheeler is regulated.

Regards

Restaurant cashier doesn't get any information about your identity when you pay in cash also.Nobody ask your name or other info when you pay at restaurant.

So, your explanation is supporting my argument right?

You can say that.My point is it doesn't matter wheather you pay with cash or bitcoin,In some transactions you have to disclose your identity while in some you dont require

And where ever you end up disclosing may not be because you are paying in Bitcoin. You may have to reveal irrespective of mode of payment.

btvGainer

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Quote from: dashingriddler on May 16, 2016, 04:06:20 AM

Quote from: dashingriddler on May 16, 2016, 03:51:30 AM

Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

For sure it does as long as the product or service can be paid through cash without revealing the identity. For example why would the restaurant cashier bother about the identity as long as he is getting bitcoin as the payment ?
But let us say you are buying a two wheeler, the identity would definitely matter because the buying of two wheeler is regulated.

Regards

Restaurant cashier doesn't get any information about your identity when you pay in cash also.Nobody ask your name or other info when you pay at restaurant.

So, your explanation is supporting my argument right?

You can say that.My point is it doesn't matter wheather you pay with cash or bitcoin,In some transactions you have to disclose your identity while in some you dont require

dashingriddler

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Quote from: dashingriddler on May 16, 2016, 03:51:30 AM

Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

For sure it does as long as the product or service can be paid through cash without revealing the identity. For example why would the restaurant cashier bother about the identity as long as he is getting bitcoin as the payment ?
But let us say you are buying a two wheeler, the identity would definitely matter because the buying of two wheeler is regulated.

Regards

Restaurant cashier doesn't get any information about your identity when you pay in cash also.Nobody ask your name or other info when you pay at restaurant.

So, your explanation is supporting my argument right?

btvGainer

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Activity: 854

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Quote from: dashingriddler on May 16, 2016, 03:51:30 AM

Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

For sure it does as long as the product or service can be paid through cash without revealing the identity. For example why would the restaurant cashier bother about the identity as long as he is getting bitcoin as the payment ?
But let us say you are buying a two wheeler, the identity would definitely matter because the buying of two wheeler is regulated.

Regards

Restaurant cashier doesn't get any information about your identity when you pay in cash also.Nobody ask your name or other info when you pay at restaurant.

mynameisdon

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i am don(ripper's big daddy).i clean scammers.

Quote from: skang on May 13, 2016, 06:07:50 AM

Quote from: btvGainer on April 30, 2016, 06:40:26 PM

Quote from: Wapinter on April 13, 2016, 05:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

You can always seek help from law enforcement agencies in case of stolen cash which is not the case with bitcoin currently

You can because there is no such thing as a bitcoin! If your keys were hacked, that is a cyber crime in India & you can seek the police.

Personal anecdote: My credit card was stolen so I went to the UP police. No one knew what credit card was! (that was around 10 yrs ago) When I tried to explain what credit card was the policeman's reply was "wo to theek hai par rupaye pade kahan the jo chori ho gye?? Bank waley to naa aaye report likhane.." (Credit card is fine but where were your rupee notes stolen from? The bankers didin't report any theft..) Roll Eyes

I expect the same even if bitcoin was legalised.

yes i am with you.its not my only guessing but i am sure police are not aware from bitcoin.i am also in u.p can't expect police are about to help someone in such types of cases.and tracking someone by bitcoin transactions is too though.

dashingriddler

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Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

For sure it does as long as the product or service can be paid through cash without revealing the identity. For example why would the restaurant cashier bother about the identity as long as he is getting bitcoin as the payment ?
But let us say you are buying a two wheeler, the identity would definitely matter because the buying of two wheeler is regulated.

Regards

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Quote from: Benson Samuel on April 11, 2016, 02:17:44 PM

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

I don't think a surveillance state like India will ever let that happen.

btvGainer

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Quote from: skang on May 13, 2016, 06:07:50 AM

Quote from: btvGainer on April 30, 2016, 06:40:26 PM