You'd be surprised how often chargebacks are necessary when you're dealing with smaller businesses as a consumer. If you only ever deal with Amazon, Overstock.

You'd be surprised how often chargebacks are necessary when you're dealing with smaller businesses as a consumer. If you only ever deal with Amazon, Overstock.com, etc... then you, as a consumer, won't have much need for chargebacks. These are well-established public companies that care about their reputations. But when dealing with smaller businesses... the exact segment that bitcoin advocates keep saying that bitcoin is best for... you wind up with a much more frequent situation of people being unable or unwilling to deliver the goods you paid for. True, this was the only time I've ever had to do a PayPal dispute, but it was damned nice that it was there since I could get my $40 back. And, as I said, this is a company I'd been enjoying the freemium content of for for 5 years (actually, 7 I just looked it up) and I trusted to place an order from.