While I completely agree with you, that's one of the things that kept me from going all in on bitcoin back in 2011...

"...eliminating the middleman is never

as simple as it sounds. ... 'Bout 50% of the human race is middlemen,

and they don't take kindly to being eliminated." - Captain Malcolm Reynolds of the Firefly Transport Ship Serenity.

...fortunately #bitcoin has proven to be a lot harder to kill off than most things.