Post
Topic
Board Bitcoin Discussion
Re: Bitcoin credit cards?
by
DannyHamilton
on 01/10/2013, 18:58:30 UTC
Really? Like seriously?

Then you might as well never use a debit or credit card terminal ever again. Let me know how that works out Cheesy

Sorry but this is the real world. If you are that paranoid just stick to cash Tongue

Credit and Debit card terminals don't take money from you.  They inform a bank about a transaction.

Accounts at the bank are generally insured (such as FDIC in the US), and under significant regulations.

If a fraudulent transaction occurs, it is the bank that looses the money (or the insurance provider).

You need to stop thinking of bitcoin as just a payment network.  It is also a currency.  Many of the things you think you know from your experiences with credit cards and/or debit cards simply won't apply to bitcoin due to its nature as a currency