When a hacker gets your credit card info, you're liable for $50 and have the hassle of a few days without your card until you get new one.
When a hacker gets your bitcoin wallet, they can empty out your entire account.
When a hacker gets your bitcoin wallet, they can empty out your entire account.
I don't really know why credit cards don't have a public/private key situation but they don't, so people are just stealing them constantly or applying for them with a bunch of stolen personal information and then running up your credit in ways that are pretty difficult to detect.
A lot of the fraud that is occurring today is because the systems we are using to transmit wealth digitally are inherently very insecure.
When the government wishes to make your life miserable and you have a bitcoin wallet, they have to do a lot more work if they want those funds.