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fidelramos | 7 months ago

A decentralized blockchain has no middlemen, the trust is put in the network to be honest.

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0dayz|7 months ago

The same can be said to a degree about cash.

Since we don't actually need visa or mastercard, but they make it damn convenient to buy stuff.

Similarly blockchain got their equivalent of this.

fidelramos|7 months ago

Right, that's why the whitepaper is titled "Bitcoin: A Peer-to-Peer Electronic Cash System". The idea is to bring many of cash payments features to the digital world, which are not possible with payment systems with intermediaries: uncensorability (nobody can keep you from transferring cash); non-reversability (no chargebacks, escrow systems are optional); low fees (contentious because BTC decided not to scale on-chain, but that was Satoshi Nakamoto's idea.