A return to Satoshi path building a market free from fiat

[SatokoNakatoko]

Hello everyone,

I’ve been reading BitcoinTalk for a long time and finally decided to write something that’s been on my mind for months.

I believe that Bitcoin was never meant to depend on the dollar, or any form of fiat.

What we have today — pairs like BTC/USDT, BTC/USD — is a necessary bridge, but not the final step.

Satoshi created a peer-to-peer monetary system.

But what about a peer-to-peer market — an exchange where BTC, ETH, SOL, and other cryptos can trade directly between each other, with no stablecoins, no USD, no middle currency?

In my view, the next chapter of Satoshi vision is not a new coin, but a new market logic.

A place where prices are measured only by crypto assets themselves — value against value — not against a government-issued standard.

I’m not a company or a team, just one person who believes we can still build systems that belong to everyone, not to institutions.

If any developer, researcher, or thinker here believes this idea deserves to exist — I would be honored to discuss it.

We talk a lot about “financial freedom”.

Maybe true freedom begins when markets themselves stop speaking the language of fiat.

— SatokoNakatoko

[SatokoNakatoko]

Thanks to anyone taking time to read. I’d like to add a few notes about how this “market free from fiat” could technically exist.

The idea isn’t to replace exchanges, but to build a parallel layer — a peer-to-peer liquidity protocol where collateral, trading pairs, and PnL are entirely crypto-native.

Collateral: users could deposit BTC, ETH, or SOL to open positions, using a multi-asset collateral model instead of stablecoins.

Pricing: an internal oracle could compute fair value using cross-asset references (BTC/ETH/SOL) rather than USD feeds.

Settlement: profit and loss would be settled in the base asset chosen by the trader.

Governance: open-source and non-custodial — the code itself defines the rules.

In short, it would be a true continuation of Satoshi’s peer-to-peer logic, extending it to markets themselves.

Any thoughts, feedback, or references from early cypherpunks or devs here would mean a lot.

— SatokoNakatoko