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 “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.” 
 person to person 
 Doesn't Bitcoin require that the transaction gets verified by third parties? 
 No. 
Any jackass with 4 GB of RAM and a terabyte of storage can verify it themselves. 
 indeed