RE: The greater picture of why government will encourage the innovation of cryptocurrency and decentralization.
Saying that since years and gave up to mention it since a while - but spot on!
There is a knee jerk reaction to competing technologies. Often people will kick down one, in order to elevate another. Not only is that an unsustainable model, it's wrong.
True competing technologies that have their own pieces of the same puzzle, should merge and adopt sustainable ideas in order that one day, the full puzzle can be completed and solved.
Not sure on this point anymore, might be because I have not seen any de-centralization yet, not on these blockchain communities not somewhere else.
Realize that decentralization, and open market competition and innovation are the only true methods that have a possible chance of leading us into a sustainable 22nd Century period.
Thanks for sharing deep thoughts.
One of the misunderstood terms since Bitcoin was invented was "centralization" and "decentralization"
Both words come in varying level of degrees, and everyone has their own personal definition of what they should mean.
Perhaps we need better terms.. that are more descriptive.
As long as we're all on, one-planet, earth, everything is centralized, isn't it?
That is a good point - some have radical definitions of it while others like me are more flexible towards it.