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RE: Does a Decentralized World have Network Effects?
Bitcoin, the first blockchain-based cryptocurrency, was created as a peer to peer payment system that allows its users to transfer value with no central authority or third party involved. Since a network of distributed and mostly anonymous miners are all in charge of processing the transactions, we are ensured that problems like censorship, fraud, and others are not possible.
Thanks for sharing. I agree. The decentralization removes a lot of secondary concerns as well!