As an online retailer, what do you do if someone reports fraud? Shrug your shoulders and tell them they should have been more careful with their wallet?
If Bitcoin == cash, what does a storefront do if someone comes to them and says "my stolen cash was used to buy items here"? Usually nothing, yes? Is that what we're saying is the burden of responsibility for an online store with Bitcoin?
That's a significant reason why many people do not use cash for all their purchases. The consumer protection of credit cards is one of their primary benefits. Bitcoin takes away all of those protections.
But the fees are a lot lower and it doesn't mean that those protections can't be added back on on a different layer. You can also do a lot more with Bitcoin than with CCs.
If Bitcoin == cash, what does a storefront do if someone comes to them and says "my stolen cash was used to buy items here"? Usually nothing, yes? Is that what we're saying is the burden of responsibility for an online store with Bitcoin?