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Or baseball cards, or tulips, or whatever.

Or baseball cards, or tulips, or whatever.

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[–] • 0 pt

That's not accurate either because there is no single entity third party that verifies it. If there was it wouldn't be trustless.

[–] • 0 pt

If you think of third party as an auditing firm, then no, it wouldn't make sense. But in this sense, everybody that isn't Party A transferring to Party B would be third party.