[2013-12-30] The Washington Post (Blog) - Credit card security is broken. Here’s

[mooncake]

A refreshing piece from the mainstream media saying why BTC is favoured over CC.

"Bitcoin applies the same philosophy to payment networks. Rather than trying to build every feature into the core protocol, the creator of Bitcoin defined a simple, flexible way to transmit money. The system leaves it to others, like Bitpay, Coinbase and firms that haven't been founded yet, to build secure, user-friendly payment applications on top of that basic infrastructure. It's impossible to predict what those services will look like or whether consumers will prefer them to conventional payment networks. But history suggests that Visa and Mastercard shouldn't get too comfortable."

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/30/credit-card-security-is-broken-heres-how-bitcoin-could-help-fix-it/

[1715155052]

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[1715155052]

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[black_swan]

It's only about time when people will finally understand that the true value of bitcoin is the blockchain.
Also transaction fees can be deducted from the price if merchants want to attract more buyers, easy.

[Peter R]

A refreshing piece from the mainstream media saying why BTC is favoured over CC.

"Bitcoin applies the same philosophy to payment networks. Rather than trying to build every feature into the core protocol, the creator of Bitcoin defined a simple, flexible way to transmit money. The system leaves it to others, like Bitpay, Coinbase and firms that haven't been founded yet, to build secure, user-friendly payment applications on top of that basic infrastructure. It's impossible to predict what those services will look like or whether consumers will prefer them to conventional payment networks. But history suggests that Visa and Mastercard shouldn't get too comfortable."

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/30/credit-card-security-is-broken-heres-how-bitcoin-could-help-fix-it/

That shows a very encouraging depth of understanding about bitcoin as a protocol upon which so much can be built.  Well done Washington Post.