> What is with the attitude you have? I wasn't going on about anything, really. You brought up transaction times which are related to confirmation times. Anything other than bitcoin is molasses-like.

How is a credit card "molasses-like" when it is capable at this very moment you're reading this response of doing 1,000 times more than Bitcoin?

In the time it took to load this page (100 ms), at least 300 credit card transactions have successfully gone through whereas this cryptocurrency nonsense hasn't even completed one.

You don't get it. Every 7 or so transactions that bitcoin has processed in that couple or so seconds cannot be clawed back, as in NEVER, unless there is a flaw in very popular and important cryptographic technology which in of itself would mean a whole lot worse things can/will be happening besides your 0.01 BTC coffee being clawed back. Those 300 credit card transactions can be clawed back for up to 100+ days. If you are a fraud, you can sit back and relax for a few months before scamming someone.

> Every 7 or so transactions that bitcoin has processed in that couple or so seconds cannot be clawed back, as in NEVER

Normal people read this and hear “if you don't notice theft instantly there's nothing you can do”. This is not the persuasive sales pitch which you seem to think it is.

To clarify my stance: I am not pitching bitcoin to anyone on hackernews (this is not a Show HN). The ability to not claw back bitcoin is a reality, unless there are flaws in the technology behind bitcoin. I believe this is a feature and society could manage to change its ways regarding transacting as a result of that reality.

So … how does anti-fraud work? There's no third party to process charge backs and unlike physical currency a theft can cross international borders near-instantly.

This sounds like wire transfers but everyone is exposed by default and there's no third-party monitoring for fraud. How am I wrong for thinking that sounds like everyone having to pay for their own private security service?