Thursday, March 23, 2023
HomeCryptoBitcoin’s Most Important Quality - Bitcoin Magazine

Bitcoin’s Most Important Quality – Bitcoin Magazine

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 the need for a trusted third party.”

Unfortunately, entire crypto industries like DAOs, DeFi, and DEXs have appropriated the term decentralization into little more than a marketing buzzword.

latest articles

explore more


Please enter your comment!
Please enter your name here