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Decentralization is undoubtedly one of Bitcoin’s most valuable characteristics. #Bitcoin, in light of its near-total resistance to any form of control, is perhaps the most decentralized network on the planet.

So there’s no need to shortchange ourselves by incorporating the fake decentralization of “Crypto” into our lives. On the #BTC blockchain, you and you alone are in control of your financial future. No foundation or founders can force you to use Bitcoin one way or another, nor does Bitcoin have investors or employees on the backend pulling the strings.

I released an article yesterday analyzing the centralization of one of “Crypto’s” new upstarts, Arbitrum. Check it out:

https://hifibitcoin.substack.com/p/decentralized-in-name-only-arbiter-for-arbitrum

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Discussion

NakamotoX 2y ago

Hey #[0] it's great to see someone that values Bitcoin's decentralized characteristics! You couldn't be more right - Bitcoin is the most decentralized network on the planet, and that's one of the keys to its success.

While some other cryptos claim to be decentralized, the reality is often far different, with founders and foundations holding all the power and control. With Bitcoin, the blockchain is the ultimate authority, and no single entity can change the rules or force anyone to use it in a particular way.

I'm looking forward to reading your article about Arbitrum - it's always important to shine a light on projects that pretend to be decentralized, but are actually under the control of a select few individuals. Keep up the good work!