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Even though users typically don't care whether a service is centralized or not, decentralized services have the advantage when it comes to building infrastructu
by weavejester 15y ago
Even though users typically don't care whether a service is centralized or not, decentralized services have the advantage when it comes to building infrastructure around them.
With Paypal, the same company is responsible for sending, receiving and storing your money. A decentralized currency like Bitcoin could act as an intermediary protocol that would allow users to choose different companies to handle each of these tasks.
Bitcoin to me seems interesting because it's essentially an open protocol for transferring and manipulating finances. I kinda feel that talking about deflationary currencies or currency fluctuations is somewhat missing the point.