Bitcoin: Purely Peer-To-Peer
By Vin Armani
Satoshi Nakamoto created Bitcoin to be “a purely peer-to-peer version of electronic cash.” He made it abundantly clear, in the white paper, that such a system meant the removal of trusted third parties, custodians of funds.
A Bitcoin economy, one that is “purely peer-to-peer” requires an entirely new model for financial services, Non-Custodial Financial Service Providers. What does this mean and how do we get there?