Just because it's in bitcoin doesn't mean that consumer protection doesn't apply. It just means that the process to get your money back isn't "call my bank and

Just because it's in bitcoin doesn't mean that consumer protection doesn't apply. It just means that the process to get your money back isn't "call my bank and tell them to take it back". The pain that they mostly solve for people (at least from what i've seen) is due to the fact that most payment systems work on a "pull" method. You give your information to the merchant, and the merchant tells your bank to give them $X. With that kind of setup, it's obvious that things like "chargebacks" and friends are absolutely necessary. But since bitcoin is "push based", the only person that can send money is you. So generally the only time you would need to "charge back" is due to fraud. And escrow services can add that "protection" back into the mix if it's needed or wanted by the people transacting. And the legal system can take care of larger or systematic abusers. Escrow services can give you the exact same protection you are looking for, but with the difference that it's opt in, and you can freely choose your escrow service independently of where you keep your money.