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It's truly decentralized. Really, I don't think decentralization is a good thing, and this is demonstrating why. If you've got a truly decentralized system, pretty much anybody can tear the whole thing down while no one is paying attention.

In a centralized system, there's a small group of trusted people who are responsible for keeping it safe.

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And this is why I'll be pouring my money into a serious government backed digital currency. It's a shame Canada isn't going all in on this, they were pioneers with their digital money project last decade. I'm reassured by Bank of England's latest (95 page) note on the matter.

Perhaps the problem boils down to putting all of your eggs in one basket?

A basket with a bunch of holes in it.

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