Re: Looking back at the White paper... Do you think Satoshi would be proud of us?
"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!
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?
Using wallet providers doesn't mean that the transaction is not between two parties only. For example if the person is using electrum, the transaction is not controlled by anyone just the person creating and sending the transaction. You just can't call wallet providers centralised because many of them are not if you control your private keys and they're not stored somewhere online. Ideal option is cold storages like trezors or ledgers of course. But all in all I don't see any problem with it.Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?