How would you describe decentralization as concisely as possible?

[ujinice]

When introducing new people to cryptocurrency.. how do you explain decentralization to them? Why is it important?

I try to keep secret about my knowledge, but those whom I invite, I make them read the digital gold by the author Nataniel Popper, and I advise them not to invest money without understanding the crypto topic.

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1714923585

[Frink]

Did the UASF teach you nothing?

Are you really a newbie? Then you have to read the account of the events that lead to the UASF, https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/

I thought signalling meant that miners had upgraded their software so that if over 50% of the hashing power of the network over some period of time similarly upgraded, that the entire network would switch.. no?

The Core developers required 95% of miners signalling their readiness for Segwit activation.

No, not a newbie, I've been in crypto for 5 years and know blockchains well.  Just don't follow Bitcoin politics closely. That being said, very interesting article. Thanks Wind_Fury!