Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
But they pass this cost of fraud onto the consumer, effectively raising the price of everything you buy. BTC insurance could become a fairly large industry.
Citation please? People here say that a lot but I've never seen any proof that fraud is a line in COGS
Trolling? In US gas stations in some states list prices in cash and credit card. Credit card fraud costs millions each year, doesn't take a genius to realize that someone is paying for that, guess who that someone is
Wow Only one example without citation. They don't do that in my state or any states from NY to VA. By your idiotic logic, I can claim that merchants are passing all their costs to the consumer including rents and payroll insurance, etc..