7 ms·

Exactly. I still use plastic even when btc is an option. Credit cards are simply better for the consumer (instantaneous transaction, chargeback/dispute and poin

by mnisjk2 12y ago

Exactly. I still use plastic even when btc is an option. Credit cards are simply better for the consumer (instantaneous transaction, chargeback/dispute and points)

eblanshey 12y ago
The NFC-enabled bitcoin wallets are coming. It won't get easier than that.
- etchalon 12y ago
  I believe they're already here. And it will get easier than that. It's called Apple Pay.
  - tonyhb 12y ago
    Guess what was already here? Bitcoin NFC and Google Wallet.
    - etchalon 12y ago
      …yeah that's what I was saying. Other than the last part, which was meant as, "Apply Pay is easier to use than Bitcoin." Cause man, it is.
knocte 12y ago
>Credit cards are simply better for the consumer This suggests you haven't tried paying with bitcoin. Sure, you lose all those things you get with creditcards, but for me some advantages that bitcoin offers over credit cards (and yes I'm a consumer too) are more important, such us: - I'm not afraid that any of the providers where I have bought things gets hacked, because my identity and payment details is not kept by them. - Paying with bitcoin is so much easier, I don't need to copy stupid numbers from a card with my keyboard ever again. - I don't need to check my bank account from time to time to see if I had charges that don't correspond to things I didn't buy. - I'm not afraid of bank commissions that especially take place when I pay for things abroad. These are the little things that will make a universal-worldwide-digital-coin succeed. Could be that this coin is bitcoin, or other one.
- Goronmon 12y ago
  I'm not afraid that any of the providers where I have bought things gets hacked, because my identity and payment details is not kept by them. Aren't you just trading the risk of the merchant being hacked and stealing payment details (which with credit cards, can be fixed by simply issuing a new card) for the risk of someone getting access to where you store your bitcoins (where you effectively have zero recourse)? That seems like an unbalanced tradeoff from my perspective.
  - venaoy 12y ago
    Which is easier: securing only 1 hardware wallet, or securing the HUNDREDS or THOUSANDS of merchant systems that your credit card information flows through?
    - sanswork 12y ago
      For almost everyone on the planet the second is easier. People are bad at security.
      - venaoy 12y ago
        It is very rare for people in countries where cards have PINs to both lose a card and give away the PIN to the thief. Banks have educated customers well enough to not write the PIN on the card. Likewise, a PIN-protected Bitcoin hardware wallet is reasonably pretty secure. You would need a thief with professional equipment to decap the secure chip to access data in the EEPROM that would otherwise be PIN-protected. I would trust this any time over the merchants systems which routinely get hacked over and over.
        sanswork 12y ago
        If it's pin protected then either it has to be used with another system that can lock out pins or I can build a robot to try all pins using simple plans from the internet. Problem solved. So how does this device help again? Also it's quite common for people to give their pin to thieves it happens at ATM stick ups all the time. The difference there is in cases where they are forced to withdraw money they aren't liable(it's considered the bank being robbed not them) and in cases where the thief takes the info and runs they can call the bank cancel the card and not be out anything.

by mnisjk2 12y ago

Exactly. I still use plastic even when btc is an option. Credit cards are simply better for the consumer (instantaneous transaction, chargeback/dispute and points)

eblanshey 12y ago

The NFC-enabled bitcoin wallets are coming. It won't get easier than that.

etchalon 12y ago
I believe they're already here. And it will get easier than that. It's called Apple Pay.
- tonyhb 12y ago
  Guess what was already here? Bitcoin NFC and Google Wallet.
  - etchalon 12y ago
    …yeah that's what I was saying. Other than the last part, which was meant as, "Apply Pay is easier to use than Bitcoin." Cause man, it is.

knocte 12y ago

>Credit cards are simply better for the consumer This suggests you haven't tried paying with bitcoin. Sure, you lose all those things you get with creditcards, but for me some advantages that bitcoin offers over credit cards (and yes I'm a consumer too) are more important, such us: - I'm not afraid that any of the providers where I have bought things gets hacked, because my identity and payment details is not kept by them. - Paying with bitcoin is so much easier, I don't need to copy stupid numbers from a card with my keyboard ever again. - I don't need to check my bank account from time to time to see if I had charges that don't correspond to things I didn't buy. - I'm not afraid of bank commissions that especially take place when I pay for things abroad. These are the little things that will make a universal-worldwide-digital-coin succeed. Could be that this coin is bitcoin, or other one.

Goronmon 12y ago
I'm not afraid that any of the providers where I have bought things gets hacked, because my identity and payment details is not kept by them. Aren't you just trading the risk of the merchant being hacked and stealing payment details (which with credit cards, can be fixed by simply issuing a new card) for the risk of someone getting access to where you store your bitcoins (where you effectively have zero recourse)? That seems like an unbalanced tradeoff from my perspective.
- venaoy 12y ago
  Which is easier: securing only 1 hardware wallet, or securing the HUNDREDS or THOUSANDS of merchant systems that your credit card information flows through?
  - sanswork 12y ago
    For almost everyone on the planet the second is easier. People are bad at security.
    - venaoy 12y ago
      It is very rare for people in countries where cards have PINs to both lose a card and give away the PIN to the thief. Banks have educated customers well enough to not write the PIN on the card. Likewise, a PIN-protected Bitcoin hardware wallet is reasonably pretty secure. You would need a thief with professional equipment to decap the secure chip to access data in the EEPROM that would otherwise be PIN-protected. I would trust this any time over the merchants systems which routinely get hacked over and over.
      - sanswork 12y ago
        If it's pin protected then either it has to be used with another system that can lock out pins or I can build a robot to try all pins using simple plans from the internet. Problem solved. So how does this device help again? Also it's quite common for people to give their pin to thieves it happens at ATM stick ups all the time. The difference there is in cases where they are forced to withdraw money they aren't liable(it's considered the bank being robbed not them) and in cases where the thief takes the info and runs they can call the bank cancel the card and not be out anything.