<oembed><type>rich</type><version>1.0</version><author_name>buckyfonds (npub1x9…p6rta)</author_name><author_url>https://nostr.ae/npub1x9hghmfunry8wcgg8s8w5e3drmkndw92r8qu0cp2l28u32aqqn9q6p6rta</author_url><provider_name>njump</provider_name><provider_url>https://nostr.ae</provider_url><html>The question that sent me down the rabbit hole a few months ago:&#xA;&#xA;- Is Bitcoin decentralized and secure, or is it allowed to look decentralized and secure?&#xA;&#xA;TL;DR&#xA;&#xA;Bitcoin is permissionless in code but permissioned in practice by choke-points that governments and large intermediaries either directly control or can cheaply coerce. It&#39;s allowed to look decentralized/secure so long as it functions primarily as a supervised store of value and speculative asset, not a mass medium of exchange outside compliance rails.</html></oembed>