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"Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are being built, and have been theorized that will enable previously unseen functionalities, robustness, and, ultimately, competition amongst Bitcoin financial intermediaries. Key to these novelties is the characteristic of peer-to-peer (\u201cP2P\u201d) exchange; that Bitcoin financial intermediaries will surely exist as commercial options, but that newly possible direct manipulation and exchange will exist as well." \n-Eric Yakes\n\nThe future of Bitcoin remains uncertain in terms of scalability, privacy, storage, and payment applications. The application of cryptography to financial functions introduces novel technologies and potential competition among intermediaries. Can Bitcoin achieve true decentralization? Or will trusted third parties jeopardize the entire system? How will the balance between custodial and self-custodial options shape the future of Bitcoin? In Eric Yakes\u2019 analysis, he explores the implications of the new financial paradigm we find ourselves in as Bitcoin continues to assert its dominance as an asset enabling true financial sovereignty. \n\nCheck out the original article at: \u2060Banks Without Bankers\n\nA huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!\n\n 9% off the Coldcard with code BITCOINAUDIBLE, \u2060\u2060\u2060\u2060\u2060\u2060\u2060bitcoinaudible.com/coldcard\u2060\u2060\u2060\u2060\u2060\u2060\u2060\n Check out the KYC Free, simple, no management, Bitcoin merchant solution, \u2060\u2060\u2060\u2060\u2060\u2060\u2060Nodeless.io/guy\u2060\u2060\u2060\u2060\u2060\u2060\u2060. Use my link to go to \u2060\u2060\u2060bitcoinaudible.com/nodeless\u2060\u2060\u2060 and setup your donation page for free, then share it out on Nostr or Twitter and tag me, and I'll throw 10,000 sats your way!\n Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. \u2060\u2060\u2060\u2060\u2060\u2060\u2060bitcoinaudible.com/fold \u2060\u2060\n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message