I find it hilarious how Bitcoin cheerleaders say there aren't any downsides, and then spend hours every day posting "chargebacks aren't important" and "merchants will obviously pass all the savings on to consumers". YMMV.
What do chargebacks have to do with a currency? Chargebacks is something offered by services built on top of the currency, not the currency itself. Else tell me how to chargeback USD bills.
If you think chargebacks are the most important thing mentioning when attacking Bitcoin, then it seems like it does have a bright future.
> What do chargebacks have to do with a currency? Chargebacks is something offered by services built on top of the currency, not the currency itself.
Chargebacks have to do with bitcoin because one of the selling points frequently cited for use of bitcoin, a non-legal-tender currency, is that it is a consumer transaction mechanism that is better than legal-tender currencies and the transaction mechanisms provided on top of them by the financial services industry.
