If Bitcoin’s strength comes from decentralization, why pour millions into a single company? Ah, because Coinbase provides an “accessible interface to the Bitcoin protocol”, we’re told. We must centralize to decentralize, you see; such is the perverse logic of capital co-opting power.
Hyperconnectivity makes informational asymmetries a thing of the past; every party to a transaction can negotiate a sale fully informed.
Mark Pesce – Hypereconomics.