> Someone owns the computers, and someone owns the blockchains/ their data. That's the beautiful part. That someone is the end user, who is running a full node

> Someone owns the computers, and someone owns the blockchains/ their data. That's the beautiful part. That someone is the end user, who is running a full node. The reason that blockchains require every node to have all the data is so that every end user is in full control of the commitments made by the blockchain. Efficient? No. But does it invert the typical power relationship? Yes! Blockchains put the user in control. (fine print: this is not necessarily true for many Proof of Stake chains, also not true many lite client models (including most Bitcoin lite clients), also not true if you have on-chain governance, also not true if the blockchain makes other compromising design decisions such as auto-updating, most cryptocurrencies fall short in at least half a dozen ways)