WSJ Reports on the Megatrend of Decentralization
In May, 1787, delegates from the 13 states began arriving in Philadelphia to fix the Articles of Confederation, which had proven too weak to allow the national government to operate effectively. After the War for Independence, the states were all…
Bitcoin Schism
Centralisation versus distributed anonymity The centralisers can be shut down by central bankers and subject to hacking a la Mt Gox. They are also in a better position to manipulate markets. The distributed network model has yet to be tested…