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Author Topic: [2015-01-23] Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Importan  (Read 429 times)
zakoliverz
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January 23, 2015, 07:23:26 AM
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https://bitcoinmagazine.com/19133/bitcoin-truly-decentralized-yes-important/

Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements.

This situation creates tension and certainly a little irony—we have a decentralized technology, yet most things existing upon it are centralized.
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