As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.
Yes you are right about that, but we still have all those third parties (middle men) around in the crypto currency space today. They have looked for ways to penetrate into the decentralized platform of Bitcoin and other cryptocurrencies. And of course what I am referring to are the centralized exchanges and custodial wallets.
These wallets are still the same middle men that we are all trying to avoid, the same middlemen which are the purpose that Satoshi Nakamoto created Bitcoin, So that we would be able to do our transactions without them. Another problem is that people are being too ignorant of issues like this. Some of them say that they don’t care about privacy, so they are making use of custodial wallets which is against what Bitcoin is all about.