Satoshi Nakamoto on

Trusted Third Parties

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model.

A collection of Satoshi Nakamoto’s words on this topic, gathered from the posts and emails in this archive.Text compiled by the Satoshi Nakamoto Institute, used under CC BY-SA 4.0. Formatting by Bitcoin.onl.

Trusted Third Parties

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