> You can make a digital transaction without trusting anyone, especially the other party. Well you would need to trust the other party to get something in retu

> You can make a digital transaction without trusting anyone, especially the other party. Well you would need to trust the other party to get something in return, unless you're giving it away. The big part is making a transaction without trusting a 3rd party. > Mainly transaction speed is super slow (10m to confirm a transaction went through) It depends on how large your transactions are. If you buy a car for example you want to wait for more, maybe 6, confirmations while if you pay for coffee you can use a coin where zero-conf (basically instant) transactions can be considered okay. Put that with the context that VISA has a settlement time of around 30 days. > and transaction fees are very high (especially now with the "bubble", it's something above 10$/transaction) Only for the crippled coin Bitcoin. Bitcoin Cash could for example easily handle all Bitcoin's transactions for pennies. > (Fast payment, relative privacy, low transaction fees), with the further benefit of chargebacks. If someone steals money from your Bitcoin wallet, you're screwed, with a credit card you phone them up and they undo it. If you're a business chargebacks are actually an anti feature. Chargeback fraud is a very real and very common occurrance. > Actually, even with Bitcoin you need to trust a third party: the exchange. Only if you use it to enter/exit with fiat. > IMO a real bank or credit card processor is more trust worthy than a crypto exchange. Absolutely. That's why it's recommended to hold your coins yourself and don't leave it on any exchange. Of course they could become more trustworthy as time goes on. > That's all to say that currently crypto makes no sense for real transactions Except I have used it successfully several times to buy stuff. It's also much better than any alternatives for donations (where for example PayPal cannot freeze the funds) or remittance to far away/difficult locations. > As well, other uses may be valid, the main case is "a hold of value", like gold. I find that stupid though. > IMO, crypto has no intrinsic value (not even decorative like gold) and is very volotile, so it's up to you to decide whether it's going to last. The value is transactions without a 3rd party and it's very hard to reverse already made transactions. There's no need to have any physical value.