Part 10/17:
Bitcoin's influence extends beyond currency; it's about innovations in the gaps. As internet connectivity lowered the cost of transmitting information, new applications emerged—streaming music, social media, and online commerce—that were impossible before.
Similarly, Bitcoin can reduce transaction costs and eliminate counterparty risk through shared, self-validating systems. One of its revolutionary features is that no trusted third party is needed; transactions are validated by a network of independent nodes, making trust in middlemen obsolete.