The trade offs & shifts in trust that Bitcoin causes has fascinated me since I discovered it.

When you don't have to trust the money you are required to trust your suppliers & vendors.

Then you have the trust of custodians & third parties. While these can introduce the risk of rehypothecation for the sake of convenience, it doesn't introduce systemic risk. Eventually the breech of trust is obvious & the market brutally responds (ie FTX, Luna, etc).

I find it ironic that by removing the need for trust we introduce it again in a limited fashion.