CTF Written Submission

Bitcoin: Peer-to-Peer? Or Centralized Illusion? – Pros & Cons of Finance

Aug. 15, 2025
  • The document discusses the significant role of central banks and government policies in financial crises, highlighting the federal bailout of Fannie Mae and Freddie Mac during the 2008-2009 financial crisis.
  • It emphasizes Bitcoin's aim to establish a decentralized digital currency, independent of traditional financial institutions, through a peer-to-peer network that validates transactions without a trusted third party.
  • The document addresses the regulatory challenges faced by Bitcoin, including its use in illicit activities and the government's ability to seize and auction Bitcoin, demonstrating that decentralized systems are not immune to regulation.

Last Reviewed or Updated: Aug. 18, 2025