I like bitcoin because I trust bitcoin. Let’s say I had something worth
250k and I wanted to sell it to a stranger....
he gives me 5 options for payment.....
1) cash....can I be 100% confident there isn’t a counterfeit bill in the stack? No.
2) bag of gold coins....can I be confident there isn’t an ounce of lead in there? No.
3) cashiers check......
. Nope, I own a printer too.
4) bank transfer......
it’s Friday night and this guy has places to be. He can show me a bunch of screenshots of him making the transfer but can I have any confidence it won’t be reversed in a few days and the bank hands me a copy of their bylaws instead of money? I sure don’t trust banks 100% and now there are a half a dozen other government agencies that know about our private transaction.
5) bitcoin.....sure here is my blockchain.info wallet address, I’ll cover the $1 blockchain fee to send it priority....2 mins later....it’s confirmed in my account....no take backs.
It’s literally the only option in my book....