"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

Reply to this note

Please Login to reply.

Discussion

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!