[warinukraine]

> But you realize that banks (and individuals) could have all the advantages of decentralization if they just chose to be decentralized too, right?

What are the advantages of decentralization in this context? Be specific.

[ethanbond]

Namely no risk of you losing your assets due to technical glitch, fraud, or overextension. Of course this is not a substantial advantage, especially in the US, given the various non-technical (i.e. legal/cultural) guarantees against these failure modes. It doesn't overcome the disadvantages of e.g. having to physically protect your own assets - thus why people tend to use financial institutions.

[warinukraine]

Exactly, this isn't an advantage. If there's a technical glitch, there's insurance for that.

What else?

[ethanbond]

You may be missing the point of my original post. It is that there are not substantial advantages to decentralization.