Curious to listen to your ideas on how cost disputes will probably be dealt with with Bitcoin.
A current instance: I bought providers by an organization, and paid with bank card. Not proud of the outcomes, I ultimately needed to resort to disputing the cost with my bank card firm. In the end the issue was mounted and I cancelled the dispute and the corporate obtained their cost. However the energy of disputing cost was their incentive to resolve the issue.
As we migrate to BTC as widespread cash, there’ll nonetheless be a necessity for a layer to supply purchaser safety towards fraud – as all on-chain transactions are closing. Do you count on the present bank card firms will fill this position? Clearly this isn’t a Bitcoin-specific downside as the identical situation is current with money, however some middleman layer will probably be crucial for mass adoption. Or maybe fiat money will proceed, however solely as a layer 2. Ideas?