It Can’t Be ‘Decentralization or Bust’

It Can’t Be ‘Decentralization or Bust’
The Bitcoin white paper doesn’t mention the word decentralization once – but it’s obviously there by another name: peer-to-peer. The Ethereum white paper mentions decentralization about 40 times. And when the President’s Working Group on Financial Markets (PWG) released its report on stablecoins two weeks ago, 15% of it was dedicated to the concept of decentralization and how to appropriately manage it when most of financial services remain heavily centralized (and analog).Decentralization is one of the more hard-to-define words in an industry filled with confusing neologisms. It seems to describe a simple concept: activity that isn’t organized by a central…