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RE: I got $5,000 Scammed Last Night - Problems with the Modern Banking System by Charlie Shrem

in #steem8 years ago

Wait, I need to wait for the stores to actually charge me to dispute it? If its not charged yet, can you just cancel the charges?
No sir.

..lol, just lol.

Bitcoin transactions are push transactions, everything else in the world is a pull transaction. When you swipe your card or write a check, the receiver has complete access to your funds.

As someone who doesn't know much about how transactions work outside of crypto-currencies this surprised me a lot.