[markkat]

It's also not as decentralized as intended in the white paper in regards to transaction. First sentence in the abstract: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

http://nakamotoinstitute.org/bitcoin/#selection-37.4-37.173

Most people trading BTC atm are not trading BTC, but trading ownership of BTC using a traditional database.

[em3rgent0rdr]

Still bitcoin itself doesn't require the use of a financial institution or a traditional database.