19 Dec Why bitcoin matters
Hi r/Bitcoin community! Been a member for a long time but never had a chance to reflect upon my motivation to use btc.
To make a long story short, I have some sort of a side hustle with people from third world countries. It’s not easy to transact with them and my choice fell on Payoneer. They used to do their job well for over 6 years until September this year when they suddenly blocked $18k of my funds for no apparent reason. It’s been a long battle with their support but to no avail. I clearly explained them the nature of my business (nothing illegal, I assure you), but they kept asking for more and more details including my personal correspondence with customers. At one point, I got fed up with their silly requests, swallowed my loss and moved 100% of my business to bitcoin. Even though it’s still expensive to buy btc by my partners from third world countries, at least I am in full control of my funds and no shitty scammer like /rPayoneer can confiscate my hard earned money.
I wrote this post for two reasons: 1) to warn you not to trust your money to third parties like Payoneer 2) to advise you not to be afraid to use crypto for peer to peer businesses.
Stay safe and have a great day!
P.s. all upvotes are much appreciated. The more people get to know about my experience, the move valuable my experience can be