The 2008 white paper introducing bitcoin, authored supposedly by one Satoshi Nakamoto, amusingly and tragically states, "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."
Trust and Justice
Trust and Justice
Trust and Justice
The 2008 white paper introducing bitcoin, authored supposedly by one Satoshi Nakamoto, amusingly and tragically states, "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."