serious question, what is decentralized? 12 mining pools dominating the whole mining market, custodial lightning wallets are paypal on bitcoin. everything is moving to using bitcoin through trusted third parties...
block's entire shareholder letter was dedicated to why we're focused on bitcoin, not crypto. the internet needs decentralized digital cash. we will do our part to help make it accessible, make it secure, and make it usable every day.
https://s29.q4cdn.com/628966176/files/doc_financials/2024/q1/Shareholder-Letter_1Q24_Block.pdf
