Bitcoiners trading with other Bitcoiners is the path towards making Bitcoin much more resilient to attacks by nation states and regulators, and is key for us to be able to continue using Bitcoin with or without the State’s approval.
Thankfully, even though these exchanges have dominated the Bitcoin space so far, developers and Bitcoiners have been working tirelessly to build tools that keep the middle-man out of our fiat Bitcoin trades and allows us to embrace the intended form of Bitcoin – one that is censorship-resistant, non-custodial, and P2P in nature. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Instead, much of the Bitcoin ecosystem today centers around custodial exchanges that charge fees, collect sensitive information about Bitcoiners and their on-chain activity, and constantly rug pull users intentionally or due to hacks and theft. A world where we have ultimate control of our money, we contribute to network security through mining, running a node, and paying network fees, and where we can carve out the middle-man we’ve had to endure in the modern financial system. When Satoshi set out to create Bitcoin, he envisioned a world where Bitcoin freed us from the control and surveillance of third parties, banks, or custodians. In this post we’ll break down what a P2P exchange is, why we need them, and how you can approach using some of the best out there today. The search for a powerful and yet easy-to-use peer-to-peer (P2P) platform for buying and selling Bitcoin has been a complicated road, but the last few years have seen rapid growth, added liquidity, and improvements in the tools we have at our disposal. The resulting tightening of regulation and control should be a helpful push for each of us to explore the tools available for buying and selling Bitcoin as we need without trusting third parties, giving up Personally Identifiable Information (PII), or giving up custody of our Bitcoin. As governments attempt to stanch the bleeding of citizens waking up to the need for freedom and fleeing the dollar for harder money, they are rapidly shutting down the centralized, surveilled, and regulated on and off-ramps that the Bitcoin ecosystem has relied on for so many years.
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