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Using blockchain would come with other risks. Such as different middlemen having their own agenda.
by 0dayz 1y ago
Using blockchain would come with other risks.
Such as different middlemen having their own agenda.
- fidelramos 1y agoA decentralized blockchain has no middlemen, the trust is put in the network to be honest.
- 0dayz 1y agoThe 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 1y agoRight, 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.