"In his 2008 white paper that first proposed bitcoin, the anonymous Satoshi Nakamoto concluded with: 'We have proposed a system for electronic transactions without relying on trust.' He was referring to blockchain, the system behind bitcoin cryptocurrency. The circumvention of trust is a great promise, but it’s just not true. Yes, bitcoin eliminates certain trusted intermediaries that are inherent in other payment systems like credit cards. But you still have to trust bitcoin — and everything about it."