Of course you can but i wasnt writing about that. The ide behind chip is that transaction result is written back to your card, something mag stripe cannot do.

Of course you can but i wasnt writing about that. The ide behind chip is that transaction result is written back to your card, something mag stripe cannot do. I had a family related fraud where my son used my card in store to buy few video games. Over the phone amex told me to go to the bank which was able to show me this card has been swiped physically in the store because confirmation hashes were written on the chip of my card. I was explained up to 16777264 transaction hashes can be written on one chip before overwrite process starts. So at this point you wont get your loeny back if you have your card present but claim someone made copy because they will simply pull data off the card. Side issue Europe switched to touch credit cards some 3 years ago. Its insane fast yoy dont even touch reader you just wand your card transaction approved. You will need another 5-8 years to wait for that in usa tho.