With reversible transactions, the credit card company can reverse the transaction without the consent and cooperation of a fraudster. With irreversible transac

With reversible transactions, the credit card company can reverse the transaction without the consent and cooperation of a fraudster. With irreversible transactions, the fraudster must initiate a transfer signed by their private key in order to transfer funds back to my account. Even with a court order, if the fraudster is in another country, they can just ignore it and I'm SOL. I agree that the legal protections are the bigger part of it, but the actions prescribed by those legal protections can only be implemented if transactions are reversible. Edit: I forgot to add, I'd also put the existence of ransomware as an effect of irreversible transactions. Prior to the rise of bitcoin, the main economic incentive for viruses was to rent out time on a botnet. Afterwards, the irreversible transactions meant that ransoming data from the computer owner was economically viable.