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It's also not as decentralized as intended in the white paper in regards to transaction. First sentence in the abstract: "A purely peer-to-peer version of elect
by markkat 9y ago
It's also not as decentralized as intended in the white paper in regards to transaction. First sentence in the abstract: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
http://nakamotoinstitute.org/bitcoin/#selection-37.4-37.173 http://nakamotoinstitute.org/bitcoin/#selection-37.4-37.173
Most people trading BTC atm are not trading BTC, but trading ownership of BTC using a traditional database.
- em3rgent0rdr 9y agoStill bitcoin itself doesn't require the use of a financial institution or a traditional database.