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Replying to Avatar Reed

Generally things in the physical world tend to centralize because there are economics of scale and efficiencies to be gained by doing so. But the more centralization, the higher the consequences and corruption becomes more likely.

In bitcoin there are no bailouts because the money supply is fixed. It is also very affordable to secure for individuals and everyone knows the consequence of giving someone else your bitcoin.

Bitcoin is decentralized and also drives decentralization IRL.

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Hana 2y ago

So the benefits of decentralization are based on the promotion of bitcoin?

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Reed 2y ago

The benefits of decentralization are increased freedom and less power for the most corrupted people in society.

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