Decentralization’s Challenge to Policymakers Is Coming

Bitcoin

For so long as quasi-decentralized services possess even a scintilla of centralization, regulatory pressure can and will be applied. Any centralized infrastructure could be leveraged to eliminate the decentralized product. Eventually, however, and soon, someone is going to figure out the precise mix, the secret sauce, of how to build, and incentivize the continued provision of, user-friendly, wholly decentralized apps, with all functionality being run on a client running locally on users’ own machines rather than via a web server.

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