Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has no built-in consumer protection?
by
Thirdspace
on 01/06/2018, 14:07:37 UTC
Bitcoin offers no such protections? And the Transactions are Irreversible as well.
I think consumer protection doesn't apply to bitcoin as a peer-to-peer digital/crypto currency
but consumer protection should be applied on its business or service level

These includes the following like:
Protection from counterfeit bank notes BTC
Protection from financial surveillance BTC
Protection from identity theft BTC
there's no physical bank notes or identity involved in bitcoin, it's digital and pseudonymous
financial surveillance is irrelevant when you have no specific entity or person to be tied to financial transactions