I have. It was pretty inconvenient, but after a call to the bank, the stolen card was cancelled and the unauthorized transactions were reversed. If your bitcoins are stolen, the money is gone forever without any possibility of recovering the funds.
> Have you ever had it frozen and not been able to spend your own money?
No, that's never happened to me. I have once had a very large transaction automatically declined in the past, which was also inconvenient at the time, but the bank called me about it within 60 seconds of the transaction and I was able to resolve the issue right there. Reflecting on it later, I decided I liked the fact that my bank sought additional verification before authorizing a very large and unusual transaction.
> Credit card fraud is incredibly rampant and the security measures in place by banks and sites is so over the top it becomes difficult to even use them.
This is not an issue for me or anyone I know. I've never had a bank card payment rejected because of ghostery or an IP address or my VPN. Besides, even if I did, there is no reason why a business could not use identical signals for rejecting a bitcoin payment, especially since the consequences of bitcoin fraud or much more severe for the consumer.
For the vast majority of consumers, bitcoin as currency, offers almost nothing in the way of advantages over bank cards; that's just the reality. This isn't to say that bitcoin is useless or that banks always have their customer's best interest at heart, but there's really no denying the fact that banks are safer and more convenient than bitcoin for most people.
I have. It was pretty inconvenient, but after a call to the bank, the stolen card was cancelled and the unauthorized transactions were reversed. If your bitcoins are stolen, the money is gone forever without any possibility of recovering the funds.
> Have you ever had it frozen and not been able to spend your own money?
No, that's never happened to me. I have once had a very large transaction automatically declined in the past, which was also inconvenient at the time, but the bank called me about it within 60 seconds of the transaction and I was able to resolve the issue right there. Reflecting on it later, I decided I liked the fact that my bank sought additional verification before authorizing a very large and unusual transaction.
> Credit card fraud is incredibly rampant and the security measures in place by banks and sites is so over the top it becomes difficult to even use them.
This is not an issue for me or anyone I know. I've never had a bank card payment rejected because of ghostery or an IP address or my VPN. Besides, even if I did, there is no reason why a business could not use identical signals for rejecting a bitcoin payment, especially since the consequences of bitcoin fraud or much more severe for the consumer.
For the vast majority of consumers, bitcoin as currency, offers almost nothing in the way of advantages over bank cards; that's just the reality. This isn't to say that bitcoin is useless or that banks always have their customer's best interest at heart, but there's really no denying the fact that banks are safer and more convenient than bitcoin for most people.