I don't really see how it's more secure giving me something I can't figure out how to use but a thief could use easily????????
The chip (as it's being executed in the US) is meant to prevent only a SPECIFIC type of fraud -- ie, large-scale retailer data breaches (like what happened at Target a couple years ago). The way the chip works scrambles the data in such a way that, even if hackers got into a retailer's system, the information stolen wouldn't allow them to use your card. This type of attack (which allows thieves to essentially get millions of card numbers at once) is super expensive for issuers and terrible PR for retailers, so that's what the chip is built to stop. It doesn't stop a thief from picking your card off the sidewalk and using it. That type of fraud sucks for the individual, but it's not a large-scale nightmare for issuers and retailers.