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Bitcoin is being discussed as a currency of distrust, with proponents arguing that it eliminates the need for trust in human institutions like banks and governments. Advocates believe that Bitcoin's trustless nature allows for independent verification of transactions without counterparty risk or reliance on authorities.
Bitcoin requires no trust. Every transaction can be independently verified. There’s no counterparty risk. No authorities exist. @harari_yuval has it completely backwards. https://t.co/y2RGoBRwMH
Fiaters don’t trust the people to control their own money, to be their own bank with #bitcoin
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” -Satoshi Nakamoto https://t.co/0uLAafgjtJ