Obviously, centralized is centralized whether it’s private or public. Both are bad. However, parallel centralized private systems with strong safeguards are sl

Obviously, centralized is centralized whether it’s private or public. Both are bad. However, parallel centralized private systems with strong safeguards are slightly better than a single public system. But only slightly. Public centralized payments create turnkey totalitarianism, which is never a good idea. What the industry badly needs is antitrust enforcement.