Re:MtGox launches Bitcoins.com, an information site for all ...
by wcummings on Thursday November 28, 2013 @09:57AM
(#6814735)
Saying CC's have robust fraud protection is equally misleading, imo. They require you trust every merchant, website, waiter, etc to not abuse your information. Chargebacks just shift the cost of the merchant, most of the time, and as best I can tell PCI exists mostly to shift liability around.
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Re:MtGox launches Bitcoins.com, an information site for all ...
by bunderbunder on Thursday November 28, 2013 @01:00PM
(#6815672)
In the USA, credit cards don't do anything protect anybody from fraud.
However, they have extremely robust mechanisms in place for shuffling around the consequences of all the rampant fraud that results from their complete failure to offer even the barest minimum of fraud protection. So as a consumer I get to feel protected all the same.