I have to be honest. Within a perfect world, I wouldn’t even be thinking using Bitcoin. I don’t match directory submission adopter profile (and in fact, I am not a first adopter. I probably count as second or even third tier). In comparison to its investing, I would personally be far happier a great investment of bonds making a safe 4 percent a time. I would be perfectly happy sitting a good office working towards a good retirement, doing my much better to provide value to my employer. I would be perfectly happy trusting the institutions of our society, governmental and financial, etc., to be effective with high ethics on the inside interests within the general user.
A short history lesson: When people first started setting up actual business based on bitcoin, they used all the tools available to any merchant processing. They sold by credit card and PayPal. The downside to this method of trading was quickly spotted: bitcoin transactions aren’t reversible by anyone except the person receiving the fund. Credit cards and PayPal have strong buyer protection policies that allow it to be relatively simple for people to request a chargeback. So, nefarious individuals realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since bitcoin is often a non-physical product, sent by new and poorly understood technological means, the sellers were incapable of contest our. Because of this, sellers stopped accepting credit cards and PayPal.
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