Letter #209: Decentralized In Name Only - Arguing Against Algorand’s “Decentralization”

Read now to learn the difference between Bitcoin's real decentralization, and "crypto's" fake decentralization.

Dear Readers,

Bitcoin is a one-of-a-kind technology. No other money in the world is as resistant to inflation, confiscation, and censorship, meaning that no other money grants as much financial self-sovereignty to its users as Bitcoin does. The Bitcoin blockchain is also the only truly decentralized monetary network in existence, meaning that no other monetary network, including those residing on top of other blockchains, is as resistant to control as Bitcoin.

People deserve the opportunity to hear and understand the truth about Bitcoin. They deserve to understand that Bitcoin is distinct among its “peers” — that it has no equals. It’s for that, and many other reasons, that I spend so much time in this newsletter distinguishing the true decentralization offered by Bitcoin against the pseudo-decentralization offered by the “crypto” space: