Who are these servers serving? Bloomberg/Getty
Cryptocurrency seems to be selling out. Bitcoin and other digital currencies were designed to circumvent the centralised control of big banks and instead be managed by its network. But now they are growing similar to the very institutions they’re trying to sidestep.
Decentralisation is key to cryptocurrencies, because there is no Federal Reserve or European Central Bank to lend legitimacy to the cause. Instead, decentralised networks authenticate transactions so no individual user has the power to manipulate the process, but everyone has the power to check it.
However, Emin Gün Sirer…
