I have another one I recently heard: “you can’t revert back like with Visa” in the context that if someone steals your money, Visa will revert the transaction
Discussion
Yea if there’s anything I’ve learned about people is they’re willing to give up their freedom for “peace of mind” knowing they’d get their money back. I wonder if we’ll ever see a Bitcoin insurance industry spring up, where you can insure your UTXOs.
Exactly, Visa is just a feature of the current money. Bitcoin is not there yet; but it doesn’t mean it wont exist in the future
With wall street getting involved I'd say that's a given.
Same as triple-A rated ETF packages until someone creates a tool to short the hell out of them cause they're garbage - Big Short vibes.
Anchor Watch, I believe, is doing just that, but I haven't studied how it works exactly
Right, or the person does fraudulent charge backs. Yeah, doesn't work with Bitcoin.