As a decentralised currency, bitcoin has been both criticised and celebrated for its lack of regulatory supervision.
Unlike credit cards – or other traditional payment methods – bitcoin’s transactions are final by design, with almost no recourse for consumers in cases of fraud.
This, in addition to the semi-anonymity afforded by the digital currency, has led some to question how participants in a bitcoin transaction can be trusted.
SOURCE: CoinDesk – Read entire story here.
