Bitcoin is like a case study in how profit-seeking creates centralized systems: Start with a system whose explicit goal is to create a decentralized, bottom-up

Bitcoin is like a case study in how profit-seeking creates centralized systems: Start with a system whose explicit goal is to create a decentralized, bottom-up P2P cash. End up with a system governed hamfistedly by a handful of developers and a few ASIC manufacturers and their obnoxious business partners. Punch line: the best place to be a Bitcoin profiteer is in the libertarian bastion of the People's Republic of China. SMH