> This might suggest that decentralization itself is not actually of immediate practical or pressing importance to the majority of people downstream This is ex

> This might suggest that decentralization itself is not actually of immediate practical or pressing importance to the majority of people downstream This is exactly what I've heard from lay investors in crypto (vs the techno utopians pushing crypto as the world's decentralized medium of exchange). The lay investors welcome the centralization and the regulation of off ramps as they feel it will bring more traditional financial instruments trust and relative stability to crypto, thereby bringing in even more common investors. They see its value as a gold replacement and inflation hedge. Their agenda is quite at odds with the original anarcho-capitalist vision of cryptocurrency, as they aren't interested undermining existing institutional structures (which they are themselves reliant on).