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0 pointsjonknee11y ago0 comments

I don't think anything is perfect, but with BTC there is a 0% chance of recourse. I'll take the option with a ton of consumer protection law and someone to sue over the Wild West any day of the week.

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venaoy11y ago

These consumer protection laws protect you regardless of the manner of payment: bitcoins/dollars/whatever.

You CAN and SHOULD use the legal tools at your disposition (lawsuit, small claim court, FTC/BBB complaints...) if you get scammed after paying in bitcoins. You definitively have a chance of recourse. These tools work, that's why we have them.

For example the U.S. Securities Exchange Commission successfully prosecuted Trendon Shavers (he was running his scam denominated in bitcoins).

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