blunderer
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February 25, 2016, 08:32:42 PM


Thanks, I missed it earlier. Very good write up.

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Why Bitcoin's Decentralization Matters

Bitcoiners, from Bitcoin Core developers to long-time Bitcoin enthusiasts to recent /r/Bitcoin discoverers, love to talk about how Bitcoin’s decentralization is its ultimate feature. Rarely, however, do you see anyone explain why decentralization matters - surely it’s an interesting property from a computer science perspective, but why should consumers, businesses or investors care? This post is an attempt to write out why decentralization is foundational to Bitcoin’s utility ...
...which is to say "being a suitable backbone for LN, hope you didn't buy into the whole Peer-to-Peer Electronic Cash System bullshit lol."