The first is obvious, but often overlooked. If you are spending crypto currency, it’s your money. You are not creating more credit card debt that you may never pay back. Credit card debt in the USA currently stands at an average of$4800 per person. That includes you daughter that was just born a year ago. Of course her share of the national debt is 10x that, but that is another article.

Second, you can attach notes to your transactions. We donated .0001BTC to the FBI’s bitcoin wallet so we could track their 144,000 Bitcoins, and added a note. You can see that here: https://blockchain.info/fr/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH . We usually have 50-100 transactions on our credit card every month and, it never fails, there are a couple that are a complete mystery. The credit card statement on these will usually have a phone number only for the purchase note, along with a state. We call every time to link the charge to a purchase. If credit card companies allowed a buyer note, this hassle could be eliminated. Crypto currencies already offer this service, free of charge.

Finally, you need a private key to steal someone’s crypto currency. We pay for all of our business supplies with credit cards. When we check out at the store less than 1 in 100 times does the person working the register ask for ID. If I lose my credit card, most likely the person who finds it will start charging until I call and cancel it. The last time I lost a credit card, someone purchased gasoline 3 times in one day by paying at the pump. I can put a copy of my bitcoin wallet on the ground, along with the balance, and that money is not going anywhere unless they guess the passphrase key.

The war is on. Crypto currencies are the underdog, but do not underestimate them. One is going to succeed.