2 ms·

Amazing to watch someone try to argue FOR credit cards. Maybe you work in that industry. ;-) > Consumers use credit cards because of chargebacks and fraud prot

Amazing to watch someone try to argue FOR credit cards. Maybe you work in that industry. ;-) > Consumers use credit cards because of chargebacks and fraud protection. True! However it isn't your credit card that protects you with purchases from Amazon, it is Amazon. I use my credit card for all sorts of things, because it is just convenient. Do you expect to do a chargeback at a grocery store or gas station? No. But, what you're giving up for that privilege, is all of your data. > Crypto's irreversibility In what I'm talking about, this part is irrelevant since you're just paying with cash. > all your transactions are literally public. You actually believe that credit card transactions are private? LOL. They are sold to the highest bidder.

habinero 1y ago
You don't need to like something to understand it. And no, credit cards protect you from the merchant. I can call up Capitol One and get them to do a chargeback if I order something online and the merchant never sends it. It highly incentivizes the merchant to help you, otherwise the only recourse would be to take Amazon to small claims court. > You actually believe that credit card transactions are private? LOL. They are sold to the highest bidder. You misread it. Your crypto purchases are public. Literally. Yes, your card purchases are compiled and sold in aggregate, but the entire blockchain is available to anyone. It's an utter myth that crypto is private or can't be tracked lol