Bitcoin: soberania financeira ou armadilha fiduciária?

Abstract

The Bitcoin attempts to challenge the fiduciary system by solving various problems associated with the centralized model. However, due to the blockchain's limited processing capacity, scalability issues abound. As a result, users are exploring alternative options to Bitcoin, including the Lightning Network (LN), a solution that offers fast and economical transactions. However, the Lightning Network is highly centralized and controlled by a handful of entities, raising concerns about privacy, security, rate adjustments, and government regulation. An alternative and popular approach is to engage in Bitcoin contracts through brokers, banks, payment institutions, and custodial wallet companies. While this method is more convenient, it raises privacy and fractional reserve issues. It is concluded that these applications of bitcoin contradict the principles outlined in the white paper and push the currency towards a fiat money model. In light of this, it is necessary to educate users about the benefits of using bitcoin in a decentralized way, encouraging the practice of peer-to-peer (P2P) transactions and self-custody storage.