Until now whenever weve needed to transfer money weve had to rely on a third party, whether it be a bank, a clearing house or a payment network. Bitcoin offers, for the first time, a method for transferring value and making payments from anywhere to anywhere, in real-time, without any intermediary.
^ Bitcoin is powerful because it is borderless and permissionless.
This is not true, and people keep repeating it at a concerning rate. The reality isn't quite so snappily summed up, but it's wildly different from this presentation, and that makes it very dangerous misinformation.
I agree but not in the senstionalist sense that you like to put it.
There is counter party risk
What counter party risk?
There is permission
There is trust
I agree. However, I would use the terms 'trust-minimized' and 'permission-minimized' instead of trustless and permissionless.
Nothing is completely trustless. If we used a scale of 0 to 100, with 0 being completely trustless and 100 needing full trust, then bitcoin is much closer to 0 and fiat currencies are much closer to 100.