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Kind of how Gmail has turned email into a centralized communications system? The existence of a bank based on Bitcoin doesn't remove your ability to store your
by pkulak 14y ago
Kind of how Gmail has turned email into a centralized communications system? The existence of a bank based on Bitcoin doesn't remove your ability to store your wallet on a flash drive any more than Gmail removes your ability to run your own mail server.
- femto 14y agoKeep in mind that every transaction, whether it be email or bitcoin, has to involve two parties. If the centralised solution become widespread, it becomes difficult to avoid it because the chances are that the other party is centralised, even if you're not.
- weavejester 14y agoWhy is that a problem? Just because someone has a debit card, doesn't mean the bank can suddenly trace how physical cash trades hands.