[kmkemp]

I put a 20% downpayment on my house and it involved a wire transfer that was scheduled for days in the future that required my physical presence at a centralized authority (bank). With Bitcoin, that process takes less than an hour, with very little "fee", and doesn't involve any of the "trust", which was represented in my example by time delays, scheduling, and traveling.

[kennywinker]

Oddly enough making buying a house faster is not really a priority for me. I appreciated that mechanisms of trust kicked in for that transaction - my bank wouldn’t release mortgage money to anyone but a lawyer or notary, and my notary would not have released money to the seller unless they actually owned the place and transferred ownership to me.

Making that trustless means I am open to scam sellers, and have to trust the seller (who stands to gain if they can trick me) instead of now where i trust the bank and the conveyancers instead.

[zozbot234]

> Making that trustless means I am open to scam sellers

Cryptocurrencies support escrow transactions, where a mutually-trusted third party (e.g. an arbitrator) can decide whether the transaction should go forward if buyer and seller disagree. This is still "trustless" compared to other systems because it only depends on mutual trust wrt. each individual transaction, not on a pre-defined central authority.

[cecilpl2]

I for one do not want to send hundreds of thousands of dollars to someone else without any kind of reversibility or fraud-protection guarantees. I'm willing to pay a token amount in terms of fee and delay in order to ensure that.