Why Bitcoin’s Most Important Quality Is Decentralization

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All of the unique benefits and attributes that make bitcoin valuable are underpinned by the network’s decentralized consensus. This is an opinion editorial by Neil Jacobs, a Bitcoin advocate, educator and content creator. Bitcoin’s most important quality is decentralization. In the Bitcoin white paper, there are more than a dozen references to removing trust in central entities. Decentralizing away from financial institutions was Satoshi Nakamoto’s front-page motivation for creating Bitcoin: “allowing any two willing parties to transact directly with each other without t ...

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