Yup. The actors don&#x27;t even need to trust each other <i>that</i> much, because they each still need to use their public key to execute a transation. The level of trust is just that everyone will play nicely, such as not purposefully ignoring transactions.<p>The Bitcoin model is good at incentivizing actors to play nicely. Banks have no need to create this incentive, it&#x27;s already in their interest. The Bitcoin mining system also solves another problem: how to evenly distribute new money in a fair way. Banks have no need for that either.