[JumpCrisscross]

> exchanges are the one centralized part of crypto

Crypto is immensely more centralised than the American banking system. That’s what makes it resilient. Every wallet’s state is always globally known. Compare that with the series of subpoenas one must serve to learn what’s in whose bank account.

[pksebben]

I believe 'centralization' here refers to centralized control. The ledger is distributed anyhow, so not very central.