Chargebacks are a double-edged sword, so much so that a whole class of scams is using them to defraud people of goods and services. It's even worse for the smal

Chargebacks are a double-edged sword, so much so that a whole class of scams is using them to defraud people of goods and services. It's even worse for the small business if you consider how much money is tied up by the bank/paypal to allow for the charges to be reversed at least a month after payment has gone through and the goods sent. There is a need for cashback, but there are circumstances where having that possibility only causes issues. Transactions in fiduciary money can't be reversed. Bitcoin is more like that. Bitcoin also allows multiple party arrangements where money can be released irreversibly according to various configurations. It allows the implementation of a system similar to an escrow without the escrow having to hold that money (and without requiring a payment for their fee). And maybe you do not transfer money abroad a lot, but a lot of people do, whether it is buying goods and services from abroad, or simply sending money home if you live abroad (that's about 230 million people who live outside of their country of origin according to the UN[1]). Bitcoin also allows micropayments, which is an unsolved problem today since you must have a Credit Card to pay anything online and the fees charged prohibit small payments. And I'm not even talking about being able to accept credit card payment... [1]:http://www.dw.de/more-people-living-abroad-than-ever-says-un-study/a-17083834 http://www.dw.de/more-people-living-abroad-than-ever-says-un...