Credit cards actually charge fees to the merchants, and the cost is passed to the customer. In theory, if you paid with Bitcoin, it should be cheaper by more than a few cents.
In reality, it never is. Scratch that, Amagi Metals offers a 3% discount on IRL checks and bitcoins.
Sadly, Amagi Metals is known for fucking its customers, but if you paid via CC, redress is a phone call away.
If you paid with bitcoin, SFYL
With Bitcoin, you aren't owing money to someone. You either have the money at the time of purchase or you don't. Sure that may be inconvenient, but so is having to pay credit card payments and if you are late, then also the huge amount of interest that will generate.
Correct, if you make a mistake, you are charged an exorbitant percentage, ~1% a month. Make a mistake with bitcoin? Lol, *all* your coin is gone, SFYL
Another thing about Bitcoin is that you don't need to give away all of your personal info in order to get some. Unlike with credit cards, there is no application you have to do, and you don't need to wait for any application to be approved before getting Bitcoin to spend.
Unless, of course, you buy your BTC on an exchange @ spot, exchanges want your mom's maiden name and SS#. Of course, you could pay ~14% over spot at bitcoin
ATM vending machines, or use localbitcoin and hook up with perfectly legit strangers in some dark alley
Another is that if your card gets stolen, it is a pain in the ass to recover from fraud and it is also incredibly difficult to recover from identity theft that can also occur with stolen credit cards.
By "incredibly difficult," you mean "typically one phone call," correct?
With Bitcoin, there is none of that hassle, just the risk that if your Bitcoin is stolen due to your own poor security, you probably aren't getting any of it back.
Didn't some C-level exec at BitPay get taken for a few million bucks? Wasn't that the CTO even? Dang, if bitscoin security professionals get had that easily, what of us simple folk?
