>we've accepted more than $10 million in bitcoin for our products and the irreversibly means we don't need any markup for our customers to account for fraud. I

>we've accepted more than $10 million in bitcoin for our products and the irreversibly means we don't need any markup for our customers to account for fraud. I hope you realize the other side of the coin, from the consumer side, is not so great, right? What if you don't deliver the products? Maybe you're a super reputable vendor and people trust you but if you're a little guy selling stuff on ebay good luck convincing me to send you ETH. So much for the distributed currency empowering the little folks to fight against the giants. There's a reason chargeback exists and that the balance is tipped towards the consumer instead of the vendor in general. It means that the consumer is more likely to consume. That's why even though stone-and-mortar shops could only accept cash and cheques they still use credit card that costs them more, because it's more convenient and makes it more likely for the user to consume. Reduced friction, consumer-guarantees and convenience more than justifies the Visa tax and constraints in many businesses. In particular it's not something inherent to "fiat", Visa could unilaterally decide to never issue chargebacks for instance. They could also decide to charge the card holder for the transaction cost instead of the vendor. Do you really think that they don't do that because they never thought about it or maybe because there's a more practical reason for not doing things that way?