Quote from: DannyHamilton on October 01, 2013, 07:12:36 PM

Quote from: AndrewWilliams on October 01, 2013, 07:08:22 PM

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Where is the risk? If you use your regular debit card at a terminal location, like a gas pump, in which a thief has installed a skimmer and a videocamera to record your PIN number, you will not get your money back.
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Of course I will. I have. I speak from personal experience. That is the purpose of the insurance that the banks and processing companies provide.

The "insurance" you speak of does not exist.

The only thing credit card companies and banks offer is chargeback protection.

It can only be used in the event of:

1. Straight card theft. But not when PIN number is used! Banks will ~~NEVER~~ NOT ALWAYS give you money back when your correct PIN is used.
2. Non-receipt of goods. For mail orders, delivery of goods.
3. Broken or non-working items. If you buy something and it stops working. Time limit on this.
b. Overcharging

...And all this does is start the chargeback process. The merchant is given the opportunity to write a letter of explanation and provide documentation of their side.

If what you are purchasing could be better covered by a credit card for the above three things, by all means, use a credit card. For everything else, There's Bitcoin Credit Card

That said, Bitcoin credit card would not be ideal for buying goods on the internet or over the phone (duh, just do it given the tools already available), or any kind of purchase where you do not receive the goods or services right away.

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The best thing about having a BTC Card would be that you liability would be limited to however much you'd want to put on the card. You could keep a few extra bitcoin on your phone in case of emergency. Everything else can be left in your armory client at home.

Exactly!
No reason to go bananas and expect a crazy amount of security in regards to the Bitcoin Credit Card, just put as much on it as you want.