Post
Topic
Board Bitcoin Discussion
Re: What would you do if it became reversible like paypal?
by
n3o111
on 30/09/2015, 11:27:17 UTC
Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

As most of others said it's impossible. Satoshi manages disputes? I laughed at that part. Reversible payments are one of the most important specifications in Bitcoin. You get money from other side of the world, you don't want to get disputed. Plus nobody can deny or reverse these payments, Bitcoin is not a corporation.
Christ is it that hard for people to imagine? I've repeated this more than 10 times already I guess, just imagine if it does become reversible what will you do then?

That's not up to imagination. That's making the working system not to work anymore. That's absurd question like, "imagine you can go Mars with school bus." What will you do? You'll die when you're still in the atmosphere.
Bitcoin is not a corporation. Who handle all these disputes? "Satoshi himself"? That's not funny anymore.
Who put laws and rules? That means it become a centralized system. Of course nobody here will use it.