How so? The whole scam was predicated on abusing the chargeback feature of credi... | Hacker News

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aianus on July 1, 2014 | parent | context | favorite | on: Newegg is now accepting Bitcoin

How so? The whole scam was predicated on abusing the chargeback feature of credit cards. This just proves that credit cards are terrible at cash-like transactions (buying cash/gold/bitcoins/gambling).

sanswork on July 1, 2014 [–]

No it proves they are great at cash like transactions for buyers and awful for sellers.

aianus on July 2, 2014 | [–]

... and then sellers and banks start refusing to do cash-like transactions and they're no good for anyone.

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