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151 sats \ 0 replies \ @SpaceHodler 4 Sep 2023 \ parent \ on: Evidence backing the "Big Blockers are behind Paul Sztorc's Drivechains" theory bitcoin
You don't need decentralization for most txs, that's why we have L2 solutions.
You do need decentralization to prevent the debasement of the unit of account though, or more generally state / institutional capture.
An insufficiently decentralized coin would have been useless and ruined people's generational wealth had they been foolish enough to put their wealth into it.