This has always been the weakest arguments in favor of bitcoin. It shows people don't understand how actually CC transaction to a merchant works. There is alwa

This has always been the weakest arguments in favor of bitcoin. It shows people don't understand how actually CC transaction to a merchant works. There is always inherent distrust when money is involved. Hence the ability to charge back a fraudster. Unless of course you deal with a "trusted party" but then the chargeback argument is immaterial, it doesn't matter whether transaction is bitcoin or credit card. Now as for settlement times, sure banks are catching up. Faster is not always better. It always leaves room for fraud. Banks are distrustful on behalf of their account holders. So a particular merchant's bank is not going directly to the customer's bank and demand money. They go to an exchange to ask for a debit and credit. This takes time. Currently bitcoin takes 10m for how many transactions per minute? If we were to talk billions of transactions (not money but actual transactions) flowing through a payment processor and calculate the scale of bitcoin - how much time are we talking about?