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Blockchain & Web3

Bitcoin Was Supposed to Kill Banks. It Invented New Ones.

Satoshi built Bitcoin to eliminate intermediaries. Instead, we got Coinbase, Binance, and FTX. Here's why decentralization keeps re-creating the problem.

Hyle Editorial·

The Paradox Satoshi Never Saw Coming

Satoshi Nakamoto built Bitcoin to eliminate the need for trusted intermediaries. Within 5 years, the most popular way to buy Bitcoin was through a centralized

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Over 50% of Bitcoin's hash power sits with just three pools. The Nakamoto Coefficient reveals how decentralized Bitcoin actually isn't.

The DAO That Was Too Democratic to Function

Blockchain governance promised democracy. Instead, 1% of token holders control 90% of votes. The paradox of decentralized organizations, explained.