Hello everyone and a big greeting to the community, a Latin American, lawyer and enthusiast of cryptocurrencies and the entire blockchain space writes to you.
Like every citizen of this beautiful continent that we call America, I have been a victim of leftist governments and bad decisions made by pseudo Economists, lovers of the paternalistic state.
Now you may wonder what all this introduction owes to, it is because mainly as crypto enthusiasts, knowing them all was love at first sight BTC in its beginnings was a faithful reflection of the inherent need for electronic cash that would allow payments online are sent directly, from one entity to another. All this without having to go through a financial institution.
This financial institution, also known as a trusted third party, has always been one of the weakest links, still suffering from the inherent weaknesses of the trust-based model. Completely non-reversible transactions are not really possible, because financial institutions cannot avoid mediation in disputes.
And in many cases these own financial institutions based on "anti-laundering" algorithms block funds, censor and close accounts under a dictatorial discretion of which Josef Stanlin would be proud, I am talking about institutions like PayPal, Neteller, Payonner, Payer, Zelle, Skrill, also of Traditional Banking.
BTC broke in almost 13 years ago, with the faithful promise that we would no longer need a trusted third party, no more annoying KYC, no more account locks, or hand over our assets to a custodian.
And as of today can we say that Bitcoin won? Absolutely NO, I have even more paradoxical that it sounds we can affirm that BTC has helped to increase centralization and that many of its attributes are being eliminated, as many will say, nowadays it is impossible to use BTC to pay for a product or service, When the transaction fees are probably much higher than the amount to be paid, and not friends, using custodian services such as Centralized Exchanges (Binance, Coinbase, Kraken) is not a solution, since you are at the mercy of a third party, which always wanted to avoid, Lightning Network is another great scam a 2 layer system, highly objectionable, centralized and that needs to know our identity to even use it.
The p2p is dead, no perse, but if you are in a coma in a world where they want to make millionaires with the next meme coin, few pay attention to what is truly important, freedom, independence, anonymity, that provide the critics, it is not something that The great institutions want us citizens to obtain and only through education can we prevent them from destroying what they have achieved so much.
Many other currencies such as XMR, BCH, XRP have focused on a solution to occupy the huge space and market that electronic p2p payments mean, perhaps in the near or distant future, we will have the real p2p to free us.
