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The Satoshi whitepaper calls middlemen "trusted third parties"
by VMG 9y ago
The Satoshi whitepaper calls middlemen "trusted third parties"
- AndrewKemendo 9y agoYes, good point, however I interpreted the "trusted third party" as preventing a central bank managed authority process that would "devalue" a currency through monetary creation. Nothing prevents that with bitcoin unless it was strictly used - you can always create derivatives that you sell to people. It's like expecting people to trade goods with gold etc...