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by trickstra 2407 days ago
Yes, there are middlemen in Bitcoin, but there are also ways around them, unlike in banking.

And yes, I definitely trust million of men who are constantly checking each other, rather than 10 bankers who found out that sticking together makes them more money.

That fraud argument is a double edged sword because I might be on the receiving side and falsely accused of fraud as any small business hit with chargebacks would confirm. When it's sent, it's sent, that's how it should be, no backsies. In the CC world you never know. Plus there are also escrows if you really need them, except unlike in banking world, Bitcoin escrow won't force you to eat a 30% haircut on your savings account when the bankers fuck up the whole economy while paying themselves big bonuses.