I was looking at buying a miner with Btc - but I realized I have no guarantees at all about what I will get. You know, with Amazon there's that return guarantee and all, but there's nothing with bitcoin. If you order something, send the Btc, then don't receive the product, you can't ever get the Btc back - how do you know an online sale isn't actually a scam?
Thanks!
noob
This is a big demerit of decentralization. Its just you and the seller there is no third party who can provide you some security on the transaction. If you have any dispute with each other both will be at loss. However in BTC we generally solve these problems by taking help of a escrow or third party who holds fund until you receive the product.