One problem in traditional finance
Is that intermediaries are needed to
Facilitate transactions in the system.
These intermediaries charge fees, act
As points of control or censorship, and
Often allow chargebacks (non-finality)
Therefore
What we need is a truly peer to peer
Electronic cash system which allows
Payments to be sent from one party
To another without an intermediary.
Such a system built for the internet
Exists here and now. It is Bitcoin.
Feb 27, 2024
Feb 27, 2024 at 10:58 AM UTC
One problem in traditional finance
Is that intermediaries are needed to
Facilitate transactions in the system.
These intermediaries charge fees, act
As points of control or censorship, and
Often allow chargebacks (non-finality)
Therefore
What we need is a truly peer to peer
Electronic cash system which allows
Payments to be sent from one party
To another without an intermediary.
Such a system built for the internet
Exists here and now. It is Bitcoin.
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