>Otherwise, any loss of monies from your bank account through hacking or identity fraud will be borne by your bank. Hopefully. Sure in an ideal world, you get

>Otherwise, any loss of monies from your bank account through hacking or identity fraud will be borne by your bank. Hopefully. Sure in an ideal world, you get your money back. But the real world sucks. And if you do get the money back then you have to get a new CC and go through that whole process. Bitcoins also means that to spend online you don't have to give someone total control of your funds. My chase checkings account was put on hold and my card cancelled when I bought Bitcoins from a friend using Chase Quickpay. I had to meet with someone, in person, and get an entirely new card. Just because Chase didn't like the way I had spent my money. No one had attempted a refund, or complained. Chase just noticed the email was associated with lots of Bitcoin sales and closed my account without informing me. With Bitcoins you don't need to give a 3rd party that much power just to be able to spend money online.