It's nice to have the option either way, but if merchants offer irreversible methods I usually pick them rather than pay a 1+% premium to cover chargebacks from scammer customers. For some customers irreversible is a big plus, if they trust the merchant.
A former tech giant that has seen its dominance being swallowed by competitors and now cornered into numismatist and other collectible.
Sure it's a very profitable company for its inveators, but a friend of mine used to work there until recently and he used to describe it as a dead shell that merely lives out of rent-seeking on its legacy.
Good luck attracting investors if you have the same business plan today.
Only if they're on the receiving end. You need to remember that businesses also buy things, and often by credit card.
Chargebacks exist in the real world because long, long ago people recognized that electronic payment systems are fertile soil for scammers. The "lack of chargeback risk" that cryptobros keep chirping about is nowhere near the flex they think it is.
It's a flex when you compare it to a government based currency where the bank or government can freeze your bank accounts or just empty it.
Plenty of stories from The USA and Canada from the last decade of that very thing being done.
Sure. The vast majority of those stories being the freezing of proceeds from criminal activity or funds that are part of a legal dispute and for which there is a high probability that the holder of those funds will attempt to illegally hide or move those funds.
Again, this is by design. Such safeguards exist for a good reason. They are tools that are as necessary as a policeman's gun. Yes, they are tools that can be (and have been) abused and for which there should also be guardrails and oversight in place. But saying that crypto is better than "government based currency" because crypto has no such safeguards in place is the same thing as saying Wal Mart security officers are better than police officers because they don't carry guns. It is a naive thought at best.
As much as some amount of defiance towards contemporary governments is warranted, believing that the crypto world is more trustworthy is an insane take. Especially post MtGox and all what followed…
The Epstein class and the Bankman-Fried class are the same people (and don't get fooled by their patronyms, it has nothing to do with Jews, and all to do with the American elite). And Trump is both an friend of Epstein and a proponent of cryptocurrencies.
Meanwhile with cryptocurrencies you have the choice between getting blocked by your exchange or losing your wallet (from your own negligence or a hack)
You lose your wallet, you make a few phone calls or walk into a bank and get a new card. You lose very little more than some time. Losing your crypto key means you lose your crypto.
The same institutions that caused the 2008 crash, the same institutions that in the last 5 years have printed 50% more of the total US dollar supply, the institutions that keep the poorest and lowest classes perpetually poor and stuck by constantly inflating their savings away?
Yes, I think I will trust Bitcoin and my hardware wallet more.
(Chargeback exists for a reason, and the reason isn't to piss off businesses).