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The Problems with DeFi & Crypto | Lyn Alden

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Is Decentralization a Core Ethos of Bitcoin?

I think there are two main headwinds against decentralization for most of these other protocols compared to Bitcoin. The more you try to do in terms of throughput or complexity on the base layer, the harder it is to run a node. And if a node is getting bigger, faster than technology is improving, like for storage and bandwidth, then you're going to get more and more centralized. But when you look at a global scale and long term, I think that's where you're likely to see some alternative payment rails be developed.

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