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by captn3m0 1862 days ago
From the Bitcoin paper[0]:

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

Conclusion:

>We have proposed a system for electronic transactions without relying on trust.

[0]: https://www.coinbase.com/bitcoin.pdf

1 comments

So that's exactly what I said. Bitcoin solves the issue of trust. I do not have to trust that someone really has the money they say do, because Bitcoin will refuse to allow them to spend such money.