What Actually Makes Bitcoin Decentralized?

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
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In this video, I discuss the main things that make a cryptocurrency or digital asset like Bitcoin more or less decentralized.

The more actual independent human beings in different jurisdictions who run the software, the more decentralized the protocol is, and the more difficult it is for governments or corporations to shut it down.

Also, the more difficult it is for a small group of people to change the software and impose those changes on others, the more decentralized the protocol is.

Bitcoin is by far the most decentralized money protocol out there.

Decentralization is always slower and less convenient, but its main advantage is the ability to give users faith in its ability to remain censorship-resistant and scarce.

If someone has control over money, sooner or later they will censor transactions and/or print up more money to benefit themselves and their friends.

The base layer of money should not be easy to change. It should be secure, dependable, and change as little as possible, so that people can make long-term economic decisions and not worry about the foundation being altered by some small group of insiders.

Not investment advice! Consult a financial advisor.

GoFundMe’s $10M shutdown of Canadian truckers:
https://nypost.com/2022/02/07/gofundm...

Map of Bitcoin full nodes:
https://bitnodes.io/

Donkey basketball:
https://upload.wikimedia.org/wikipedi...

Ethereum validators actively applying US government censorship:
https://www.mevwatch.info/

Cardano roadmap:
https://roadmap.cardano.org/en/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#decentralized
#crypto

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