If the fraud industry were its own country, it would have the fifth strongest economy in the world, just ahead of the UK. Come and meet the fraudsters who're making a killing from the fastest growing crime on Earth.
https://www.youtube.com/watch?v=lA4R84xfLOQIf this isn't a reason to cancel all of your credit cards and pay with everything in bitcoin, I don't know what will.
Using Bitcoin and cash 100% of the time protects you from almost all forms of fraud except for the uninformed buyer from an untrusted seller, or from unsafe wallet storage.
Inspired by another friend yet again getting her CC stolen and run up for Itunes gift cards and Bus passes. Woohoo....
Yeah but if your CC gets used fraudently the credit card company will just refund most people.
So people dont care. It doesnt effect them that much.
If you Bitcoins get stolen your probably never going to see them again.
This could be one of the reasons your average person doesnt want to get involved in Bitcoins.
The credit card company doesn't simply refund you...
The credit card company steals the money from the merchant, potentially bankrupting them, causing honest people to lose jobs, and causing harm to local families and communities...
Say somebody uses your credit card to pay for $30,000 of computer equipment. The thief keeps the equipment and benefits, the merchant eats the cost all at once and likely folds, and you get your money back in a snap...
How is that a fair system?