For people who think bitcoin aren't safe

[Boxoizoi]

The Bitcoin network itself is safe, likewise with fiat currencies. They money themselves (the bills, as for example) are safe, but if you place them on them middle of the road, they'll fly off.

 

It's all a matter of how we store them, services dealing in fiat currencies are constantly having breaches, the big difference here, is that you've got a way to complain to a central authority. The beauty and possibly biggest problem of Bitcoin, is that you don't have it. 

[scaryjam823]

 

 

If you see charges you didn't make, call the credit card company and tell them. They get reversed, you get a new card.

 

 

I am aware of this, the point was to show how unsafe more common ways of payments are. Not everyone checks their bills and credit history, if they did people wouldn't have their identity stolen.

[dizmo]

I am aware of this, the point was to show how unsafe more common ways of payments are. Not everyone checks their bills and credit history, if they did people wouldn't have their identity stolen.

But if they did it's no less safe than BTC.

You can't add peoples stupidity as a factor. It affects both of these the same.

[scaryjam823]

But if they did it's no less safe than BTC.

You can't add peoples stupidity as a factor. It affects both of these the same.

Sort of, when using a credit card it's not widely known that the devices even exist, so being ignorant there is kind of understanding. How would you know if you never hear about it?

 

But if you want to compare it to bitcoins the more appropriate way would be like you giving your credit card info to someone you didn't know. That is pretty stupid yea? Well that same thing can be applied to giving people you don't know your wallet info.

 

Point being if you act stupid with credit card, bit coins or anything bad things can happen. But a little common sense and bitcoins are just as safe as anything else.

[RuecanOnRails]

Credit cards are a pull payment network, Bitcoin is push.  That alone shows how much more secure and safe Bitcoin is as a payment network.

 

When you use your credit card, you are not authorizing a payment, instead you are giving the merchant or payee all your personal information.  They then pull value/create debt from your account, you are trusting that they won't pull more but you have no control over that.  Yes, in most cases you can get it reversed if you're watching your bill closely, but it shouldn't be possible in the first place.  

 

You cannot pull using Bitcoins, the holder of the coins is required to sign and push payments for every transaction.  This is a huge advantage over credit cards and leaves them lagging behind any innovation.

 

Here's a small article from a quick google search.  Look into Bitcoins advantages over credit cards on your own, you will see just how dated credit cards truly are.  Credit cards were never meant for the internet, or global instant payments.

http://gendal.wordpress.com/2013/10/21/lessons-from-bitcoin-push-versus-pull/