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>Have you ever heard of stolen credit card data? Yes. Like everyone else in the US, I have zero fraud liability on my credit card. Stolen credit card data is q

>Have you ever heard of stolen credit card data? Yes. Like everyone else in the US, I have zero fraud liability on my credit card. Stolen credit card data is quite simply not my problem, nor is it any consumer's problem.

icebraining 12y ago
It is if it increases the cost for each transaction. Specially now that Visa and MasterCard are being sued for preventing retailers from "steering customers to cheaper payment forms"[1]. You don't even have to defend Bitcoin - in my country, we have a sane push-style payment system (implemented by the banking system) and it's much cheaper, especially since it only has a fixed fee. The only reason you could not care about this problem is because Visa and MasterCard have been using their size to get other customers to subsidize card-paying ones, but that seems to be ending. [1] http://www.foxbusiness.com/technology/2014/07/18/visa-mastercard-lose-ruling-versus-retailers-over-credit-card-fees/ http://www.foxbusiness.com/technology/2014/07/18/visa-master...
- superuser2 12y ago
  Okay, but if I use Bitcoin I'm still paying a price that has credit card fraud baked into it, while putting myself at unnecessary risk because I can't chargeback. It's giving free money to the retailer. Do you really think merchants are going to lower their prices? Wouldn't it make more sense to just pocket the difference?
  - icebraining 12y ago
    Do you really think merchants are going to lower their prices? Wouldn't it make more sense to just pocket the difference? They already sued and own for the right of giving lower prices to other customers (or actually, charge more to card users), so there's no reason to think otherwise.
    - superuser2 12y ago
      Is it a regional thing? I have never seen any retailer offer a cash discount or a credit card fee. Some businesses are cash-only, but I've never seen anyone actually exercise this right. And cash is actually free, whereas BTC they're still paying small transaction fees and Coinbase's cut when converting back to USD.

icebraining 12y ago

It is if it increases the cost for each transaction. Specially now that Visa and MasterCard are being sued for preventing retailers from "steering customers to cheaper payment forms"[1]. You don't even have to defend Bitcoin - in my country, we have a sane push-style payment system (implemented by the banking system) and it's much cheaper, especially since it only has a fixed fee. The only reason you could not care about this problem is because Visa and MasterCard have been using their size to get other customers to subsidize card-paying ones, but that seems to be ending. [1] http://www.foxbusiness.com/technology/2014/07/18/visa-mastercard-lose-ruling-versus-retailers-over-credit-card-fees/ http://www.foxbusiness.com/technology/2014/07/18/visa-master...

superuser2 12y ago
Okay, but if I use Bitcoin I'm still paying a price that has credit card fraud baked into it, while putting myself at unnecessary risk because I can't chargeback. It's giving free money to the retailer. Do you really think merchants are going to lower their prices? Wouldn't it make more sense to just pocket the difference?
- icebraining 12y ago
  Do you really think merchants are going to lower their prices? Wouldn't it make more sense to just pocket the difference? They already sued and own for the right of giving lower prices to other customers (or actually, charge more to card users), so there's no reason to think otherwise.
  - superuser2 12y ago
    Is it a regional thing? I have never seen any retailer offer a cash discount or a credit card fee. Some businesses are cash-only, but I've never seen anyone actually exercise this right. And cash is actually free, whereas BTC they're still paying small transaction fees and Coinbase's cut when converting back to USD.