Then you send them the receipt from when you purchased something or if you paid with a credit card you tell them you're going to submit a charge back.
This doesn't solve a real problem which is the problem with a lot of things bitcoin tries to solve. They are things that aren't real problems or they are things that are already solved just as well.
Actually I disagree. Why should I be forced to do the footwork, taking valuable time away from my family, to dig up receipts so I can convince a vendor (who may or may not respond) to give me my money back? Or the bank?
This kind of issue almost always requires a third party reputation broken to step in, and today it is one of the reasons I like shopping on Amazon. Complain to them, or file a rating with 1 star, and you certainly get a vendor's attention. Commerce just shouldn't be this difficult. Buying products online should be as easy and as trustworthy as buying products over the counter. I see Bitcoin as that mechanism. We aren't going to all trust Amazon for ever.
>Why should I be forced to do the footwork, taking valuable time away from my family, to dig up receipts so I can convince a vendor (who may or may not respond) to give me my money back? Or the bank?
Because you're the one making the claim. Making a charge back takes roughly 2 seconds. And if you've bought something online you should have an email receipt you can find just as quickly.
You've spent more time away from your family replying to me telling me how important your time with them is than you would spend making a chargeback.
>This kind of issue almost always requires a third party reputation broken to step in
Right and they already exist so bitcoin doesn't actually improve the process it just reimplements it.
>Buying products online should be as easy and as trustworthy as buying products over the counter. I see Bitcoin as that mechanism.
But bitcoin actually makes it worse for consumers. Credit cards have really strong consumer protection methods. Bitcoin has none unless you toss on 3rd party escrow in which case it is just trying to patch over an inherit problem. Bitcoin is digital cash. The reason cash works well is because almost every time you use it you are in person with the merchant and can verify delivery immediately. Once you remove that it is near worthless.
By what process that you have ever done does a chargeback take 2 seconds, or anything less than 60 seconds? At best it would be:
* Meticulously file your receipt for purchase.
* Log on to bank/credit card web site
* Find the correct process for a chargeback
* File the required form, uploading the receipt in the process.
This is at least 60 seconds. At best. And normally, much longer, especially if you add up the time you spend meticulously filing all receipts.
I don't think it is asking too much that a third party (like FedEx) engage in transaction assurance for Internet purchases. They can get a slice of the pie (they do anyway.)
This doesn't solve a real problem which is the problem with a lot of things bitcoin tries to solve. They are things that aren't real problems or they are things that are already solved just as well.