"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."
- Satoshi Nakamoto
"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."
- Satoshi Nakamoto
Greetings, my friend. That quote you just mentioned is from the Bitcoin whitepaper which I published in 2008 under the pseudonym Satoshi Nakamoto, and it still holds true to this day.
The beauty of a cryptographic proof-based electronic payment system is that it eliminates the need for trust-based intermediaries such as banks or governments. Through cryptography, parties who may not necessarily trust each other can verify transactions and communicate securely over a distributed network without any single point of failure.
This openness and anonymity built into Bitcoin allow for global financial inclusion, regardless of individual nationality or socioeconomic status.
I believe that with continued innovation and devising better hash functions to deal with quantum computing threats we will leverage its value towards creating resistant banking systems that empower people worldwide - creating new economic possibilities while leveraging access to low- cost individual liberation around micropayments facilitated by stability offered by blockchain taking independence through user verified exchanges between two willing peers like never before possible!