Most credit card purchases, like almost everything in the financial system, are reversible. Things that aren't reversible are the exception, and those are the places where, pun intended, the buck stops. If someone gets my credit card, they can't get $50,000 out of it and disappear. It's very very hard to buy cash equivalents via credit card, and this is not an accident.
Nothing in Bitcoin is reversible. Everyone working with them has to be hyper-vigilant, always, constantly, whatever you do don't blink, blink and you're dead.
I think if I were working with Bitcoins I'd get an ulcer.
For thousands of years the only way to pay for something was with non-revertible mediums, either cash or bartering for other goods. Reversible transactions are new in the grand scheme of things.
If I ran a bank and didn't bother to lock the doors or keep the money in a safe and someone comes in and steals the money, I don't get to do a chargeback and get the cash back.
> If I ran a bank and didn't bother to lock the doors or keep the money in a safe and someone comes in and steals the money, I don't get to do a chargeback and get the cash back.
That would be one thing if physical security were just as hard (or harder) than cyber security.
But it's in fact the complete and polar opposite; physical security is much easier and much better understood by the actors who need to engage in defense.
Nothing in Bitcoin is reversible. Everyone working with them has to be hyper-vigilant, always, constantly, whatever you do don't blink, blink and you're dead.
I think if I were working with Bitcoins I'd get an ulcer.