> Cryptocurrency is mysterious by design. The identity of the founder of Bitcoin, Satoshi Nakamoto (a pseudonym thought to have been derived from Satoshi, hero of the Pokémon cartoons, and 18th-century Japanese mercantilist philosopher Tominaga Nakamoto), has never been convincingly revealed.
> centralization measure is the cost of the option to create a new full node ... option valuation includes uncertainty surrounding future costs.
Only things that can break the law are truly P2P, ie truly 100% decentralized. Compliance with the law is the acknowledgment of a “privileged non-peer”. If the process is subordinate to the law, it is “owned” by the law exclusively, undermining the benevolent force of competition (for better or for worse).