Why Bitcoin’s Most Important Quality Is Decentralization


This is an opinion editorial by Neil Jacobs, a Bitcoin advocate, educator and content creator.

Bitcoin’s most important quality is decentralization. In the Bitcoin white paper, there are more than a dozen references to removing trust in central entities. Decentralizing away from financial institutions was Satoshi Nakamoto’s front-page motivation for creating Bitcoin: “allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

Unfortunately, entire crypto industries like DAOs, DeFi, and DEXs have appropriated the term decentralization into little more than a marketing buzzword.


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