The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending.
IFF (users hold the keys)
THEN (no single point of failure)
ELSE:
rekt
nostr:nevent1qqsqk0pzz88xxgxkfg0vtx7255mrsqqkglufxylnywfusau5aj2uc8qpzdmhxue69uhhwmm59e6hg7r09ehkuef0qgsgw4cxgl9rka2fuektd39m35vh7k7frhnnkk8trt083jxa6hlv06crqsqqqqqpppdhy7
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Self custody is the move
Reminds one of a quote from a forest ranger on why it is hard to design the perfect garbage bin to keep bears from breaking in: “There is a considerable overlap between the intelligence of the smartest bears and the dumbest tourists.”
