decentralization

It’s worth noting that some of these features are touted by crypto promoters, including the Trumps, as virtues — crypto’s decentralization, meaning that there are no intermediaries such as those “slow and outdated” banks to stand between buyers and sellers; its irreversibility, the speediness of the transactions.

Trump made an initial stab at decentralization in his first term.

The decentralization pillar crumbled long ago, and with it went one of the big differences between owning crypto and owning stock.

Decentralization was at the core of Bitcoin’s initial value proposition, from the first white paper about the cryptocurrency in 2008.

But the decentralization promise has been under attack for more than a decade, as people who started out as crypto purists have realized that the only way to grow the enterprise is to make it easier to hold.