Bitcoin Poem 041

Finality (Bitcoin Poem 041)

Physical cash transactions are final
But in the digital world non-reversible
Transactions have not been possible
Since financial institutions cannot avoid
Mediating disputes which prevent finality
The cost of mediation slows enterprise
And makes trade and finance complex
Therefore
We need an electronic payment system
Based on cryptographic proof, not trust
Allowing any two parties to transact directly
With irreversible transactions based on a
Distributed timestamp server to generate
Proof of the chronology of the transactions
And thus finality. The solution is Bitcoin