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Mr. Jamie’s Car Crash Ends With a Bitcoin Transaction

Mr. Jamie’s Car Crash Ends With a Bitcoin Transaction

A Bitcoin maximilist and entrepreneur has shared a few details about his recent car accident. According to Twitter user Mr. Jamie, he ended up with additional Bitcoin (BTC) in his crypto wallet after he got rear ended.
In a series of tweets posted on Saturday, he explains that the guy who crashed into his vehicle did not want to call the police.
The problem, according to Jamie, was that the other driver didn’t have enough cash on hand to pay for the damage. Jamie needed a secure way to receive compensation, on the spot, with a stranger, without the risk of the transaction being reversed at a later date.
Jamie wrote ,
“Got rear ended. Guy really really didn’t want the police involved. Paying later really wasn’t an option. Didn’t trust him. Bank transfers take days. He didn’t have enough cash. Turns out he had #bitcoin. 30 mins later, he’s on a tow truck and I’m on my way home.”
Responding to the story, crypto enthusiasts and Bitcoin skeptics on Twitter chimed in, with proponents pointing out that Bitcoin eliminates middlemen in the real world, as naysayers claimed that the story was a “creative advertisement” to pump Bitcoin.
Misc.Memphian added,

“Bitcoin prevented the police from getting involved because Bitcoin allowed 2 peers to conduct their own business without any central authority…the banks and the police.”
Alex Allegro agreed that Bitcoin offered an elegant solution to the situation. “Guys, the point here is to use BTC as a problem solver in certain situations. They didnt want govt involved, but they didnt trust each other: pay with bitcoin. Done.”

According to Twitter user Claudatio,
“In a few years he will bite his ass that he paid you bitcoin for this and regret not calling the police.”
Cryptik T. Co. suggested that middlemen may be involved in the long run.
“Sir, you’ll need to pay taxes on that.”
Jamie says he waited for two blockchain confirmations before settling the Bitcoin transaction and leaving the scene.
You can check out the full thread here .

Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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