> centralized
If you want to trust a conglomerate of folks who have a vested interest in keeping you small and poor to solve your problems, then there is no advantage. If you do not, then the advantage is exactly that it is not centralised.
If you want to trust a conglomerate of folks who have a vested interest in keeping you small and poor to solve your problems, then there is no advantage. If you do not, then the advantage is exactly that it is not centralised.
Imagine a world tmr where bitcoin is everywhere. You ll have mining conglomerates in the cheapest electricity providers working as cartels to help each other and protect their interests (so can envision centralizing a blacklist of addresses they dislike, coordination on software version etc), de facto cartels of whales (like todays "billionaires" people describe as a collaborative force), and large lenders who concentrate capital and therefore still can buy out whatever they want (today called banks).
How do you think the blockchain solve any of that?
It's not rocket science. When you keep your wealth in monetary terms, you don't get to have it in physical terms. Money represents how much real wealth you could have if you spent it. It's deferred consumption. There is no real wealth in something that didn't happen.