The "security model" for the current method of payment in the United States involves getting breached left and right, getting 97 years of credit report monitori

The "security model" for the current method of payment in the United States involves getting breached left and right, getting 97 years of credit report monitoring, constant reissuance of cards, and refunding fraudulent charges sometimes as late as 30 days after the fact. BTC happens to be worse currently, but not by that much. EDIT: Also, this is the same model as PGP/GPG and priv/pub key protection. Presumably you don't think this security model is shitty for the myriad of uses it sees.