While true, it's irrelevant to the Bitcoin account holder. The risk of credit card fraud is spread across the global merchant pool, which comes in the form of a risk premium attached to their fees. This provides the "free insurance" for credit card holders that reverses fraudulent charges.
The cost of stolen Bitcoins, on the other hand, will be borne exclusively by the account holders. It's the equivalent of having one's checking account emptied to due a bank robbery or a bankruptcy. Ordinarily the FDIC insures account holders against this (in the USA), but there's no such protection for Bitcoin account holders.
The cost of stolen Bitcoins, on the other hand, will be borne exclusively by the account holders. It's the equivalent of having one's checking account emptied to due a bank robbery or a bankruptcy. Ordinarily the FDIC insures account holders against this (in the USA), but there's no such protection for Bitcoin account holders.
Bank with care.