[beefield]

> With cash payments, you dont rely on a third party, you dont take on counter party risk, you exchange things that actually have value, that you have to be sure can not be forged.

Funny. To me, practically only value bitcoin and gold have is based on the trust that you find a third party tomorrow who is willing to change it to something actually valuable (actually as in actually useful in your life). So you very much rely on third parties.

[282883392]

Price is dictated by third parties (the market) in any economy. What OP is referring to is the ability to own or trade the asset without reliance on any third party such as a bank or exchange.