Bit­coin, Mag­i­cal Think­ing, and Polit­i­cal Ide­ol­ogy:

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.