"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's original Bitcoin whitepaper is 10 years old today!
It is ridiculous to say that free transactions that hold users through third parties are not possible in the trade. Transnational transactions keep the users too risky because one of them will go against the covenants.