So what is the direct relationship between decentralization and bitcoin?🤔🤔🤔
Discussion
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.
Bitcoin is its own entity you can say it lives in the Internet. The miners keep it alive By feeding it energy the more people mining bitcoin the more decentralized it becomes.