Quote from: DaRude on January 18, 2015, 05:00:52 AM

Quote from: twiifm on January 18, 2015, 04:16:47 AM

Quote from: DaRude on January 18, 2015, 04:04:46 AM

Quote from: twiifm on January 18, 2015, 03:54:44 AM

Quote from: bassclef on January 18, 2015, 03:34:58 AM

Quote from: samsonn25 on January 18, 2015, 03:32:45 AM

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 Roll Eyes

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..

Try broadening your horizons and getting at least out of your state for starters. Yes they do that's basic business. Covering from their margins lol and where do those margins come from? Ok ok have it your way credit cards cover fraud from their margins, which they get by charging the retailer, who pays it from their margins which they get by charging customers. That's why retailers charge higher fee for credit card use (err give discount when you DON'T use CC) where allowed heres one of the first google results http://www.nytimes.com/2012/07/17/business/merchants-consider-credit-card-surcharges-or-cash-discounts.html?_r=0 i didn't really read the whole thing don't have time to entertain every troll

Did you even read the article you linked?