vs home safe - bank wins
and I'm always forgetting passwords!
These are places to store stuff though, not transaction systems, which is what I was driving at. Bitcoin as a transaction system requires me to place trust in a vendor (or potentially an escrow service). I trust my bank's payment systems and chargeback facility more than either of those things.
Bitcoin as a store of money? Well I still prefer the legal protections afforded me in a regulated bank.
Here's one of the risks you have to bear to enable your chargebacks: http://mashable.com/2011/01/28/identity-theft-infographic/ ... worth it? Think how many insecure databases your name and address and credit card # (and sometimes phone number) are stored in across the net...
Also I'm not in the US, I get the impression that I'm much better protected by consumer law here in the UK.
" I still prefer the legal protection afforded me in a regulated bank".
What system can provide legal protection without governmental abuse?