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When a hacker gets your credit card info, you're liable for $50 and have the hassle of a few days without your card until you get new one. When a hacker gets y
by mynewwork 13y ago
When a hacker gets your credit card info, you're liable for $50 and have the hassle of a few days without your card until you get new one.
When a hacker gets your bitcoin wallet, they can empty out your entire account.
- base698 13y agoThat's why you have multiple wallets, which you can create with a click of a button. It's effortless to create as many wallets as required for you to feel safe.
- pfisch 13y agoIt is just sooo much easier to get credit card information though. You literally give all of it to everyone any time you use it. I don't really know why credit cards don't have a public/private key situation but they don't, so people are just stealing them constantly or applying for them with a bunch of stolen personal information and then running up your credit in ways that are pretty difficult to detect. A lot of the fraud that is occurring today is because the systems we are using to transmit wealth digitally are inherently very insecure.
- Karunamon 13y agoWhen the government wishes to make your life miserable and you have a credit card, they can call your credit card company and get your account frozen for reasons. When the government wishes to make your life miserable and you have a bitcoin wallet, they have to do a lot more work if they want those funds.
- ceol 13y agoBecause the government making your life miserable by freezing your account is just as common as someone stealing your credit card, right?