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RE: Trustless - What does it mean in laymen's terms?
Everyone thinks the fundamentals of banking is ultra complicated, that no technology can simplify it. This thought is what makes it a normal person to think of Bitcoin as a sham.
I liked the simple way in which you explained this. Upped!
Thanks for the great comment @nrasejh
Well it certainly can't be denied that bitcoin prices are being manipulated on an hourly basis. That's the ONE advantage a bank account has over a paper wallet. :-) I doubt we will ever find out if the U.S. govmint backed insurance policy on all bank accounts of $250K or less was a sham. The almighty dollar will certainly be the very last "fiat" currency standing. So for those who "prefer" not being taken advantage of by the sharks on Wall St, the U.S. dollar currently offers MUCH more stability than Bitcoin. Tis an "undeniable" fact at this point...no?