Hacker News Reader

Once you send a scammer hundreds of dollars, how do you get them back? You don't. You're pointing out a problem that exists with the current monetary system.

One use case of bitcoin, that is very similar to emails actually is being able to transfer value 24/7 rather than 9-5 on weekdays.

View on HN

> Once you send a scammer hundreds of dollars, how do you get them back? You don't.

One of the main points of bitcoin is that it makes transactions irreversible. In the current financial system, many transactions can be reversed, which is a feature, not a bug.

Only 1 side of a reversed transaction thinks it's a feature

Similarily email is irreversible. Sure some providers will stall your email so you have a period of time to cancel/edit the email...

Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay...

> Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay...

...and then all you need is fraud protection, monthly billing and airline miles and you've invented the credit card.

Reply on news.ycombinator.com