I'd call the shorthand for this idea, "the lesson of e-gold." If there's central control, they WILL come. With guns...
Centralized digital services, whether in traditional finance or in the crypto biz, are extremely vulnerable to local lawsuits and political pressure. They will be increasingly censored year by year as political activists continue to learn more about these fat tempting targets.https://twitter.com/reallife_ck/status/995289807122132992 …
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Will always be a bottleneck to censorship and control. Bitcoin development and adoption will eventually overtake the need for them
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True, but let‘s not forget that they play an important role in short-term scaling by taking a huge chunk of transactions off-chain until trust-minimised solutions à la Lightning have matured.
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SW has nothing to do with trusting third parties. LN is just a smart contract platform that allows for micro payments, users are always in control of their keys. There is no counter party risk.
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I share your idea thar centralization can increase vulnerability, but do you firmly believe that 'traditional finance' is extremely 'vulnerable' to 'local' lawsuits? My data says the otherwise.
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CORRECT
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jol mondod szabikam
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