What consumer protections are you talking about? Issuing a refund? I'm pretty su... | Hacker News

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		pfisch on Nov 20, 2013 \| parent \| context \| favorite \| on: The first Bitcoin post on HN What consumer protections are you talking about? Issuing a refund? I'm pretty sure they could issue a refund if they wanted to. The transaction fees you are talking about are so much smaller than credit card companies they are basically negligible. Also they keep dropping lower.

lukifer on Nov 20, 2013 [–]

They're referring to chargebacks, where Amazon refuses to give you your money back, and so MasterCard does it by force.

The difference with BitCoin is not that you can't have escrow or middlemen, but that the middlemen services can compete, and are optional.

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