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Re:Bitcoin mining and energy consumption by markkat on Friday December 08, 2017 @11:29AM (#15879834)
It's also not as decentralized as intended in the white paper in regards to transaction. First sentence in the abstract: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

http://nakamotoinstitute.org/bitcoin/#selection-37.4-37.173

Most people trading BTC atm are not trading BTC, but trading ownership of BTC using a traditional database.

Re:Bitcoin mining and energy consumption by em3rgent0rdr on Saturday December 09, 2017 @04:36AM (#15885036)
Still bitcoin itself doesn't require the use of a financial institution or a traditional database.