Section 1: Trustee third party problem
Chapter 3: Trying to cancel Satoshi
By Wendy McLoyey
Exchange - exchange of freedom for convenience? (Chapter 3, Part 6)
The best "TTP" of all is not present, but its requirement has been eliminated by the design of the protocol, or it has been automated and distributed among the parties between protocols.This later strategy led to the most promising areas of security protocol research, which included digital mixes, private multilateral calculations, and flexible bizentine databases [sic]. These and similar implementations will be used to reduce the cost of existing TTP and many more will be done to resolve the issues of privacy, integrity, ownership, and contract enforcement issues, while reducing too much cost. While conducting and operating of new institutions SOURCE https://news.bitcoin.com/the-satoshi-revolution-chapter-3-exchanges-exchanging-liberty-for-convenience-part-6/