I wrote on article on whether Bitcoin is decentralized and secure or is allowed to look decentralized and secure.
Feel free to debunk it.
https://controlplanecapital.com/p/is-bitcoin-decentralized-and-secure
TL;DR
Bitcoin is permissionless in code but permissioned in practice by choke-points that governments and large intermediaries either directly control or can cheaply coerce. It’s allowed to look decentralized/secure so long as it functions primarily as a supervised store of value and speculative asset, not a mass medium of exchange outside compliance rails.
Bitcoin’s design is decentralized in protocol, but the real-world control surface has shifted into layers above consensus: pools, clouds, app stores, and custody perimeters. These are the quiet levers that steer usage without changing the code.
buckyfonds / Control-Plane Capital
npub1x9…p6rta
2025-11-06 09:31:04 UTC
Author Public Key
npub1x9hghmfunry8wcgg8s8w5e3drmkndw92r8qu0cp2l28u32aqqn9q6p6rtaPublished at
2025-11-06 09:31:04 UTCEvent JSON
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"pubkey": "316e8bed3c98c87761083c0eea662d1eed36b8aa19c1c7e02afa8fc8aba004ca",
"created_at": 1762421464,
"kind": 1,
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"content": "I wrote on article on whether Bitcoin is decentralized and secure or is allowed to look decentralized and secure.\n\nFeel free to debunk it.\n\nhttps://controlplanecapital.com/p/is-bitcoin-decentralized-and-secure\n\nTL;DR\n\nBitcoin is permissionless in code but permissioned in practice by choke-points that governments and large intermediaries either directly control or can cheaply coerce. It’s allowed to look decentralized/secure so long as it functions primarily as a supervised store of value and speculative asset, not a mass medium of exchange outside compliance rails.\n\nBitcoin’s design is decentralized in protocol, but the real-world control surface has shifted into layers above consensus: pools, clouds, app stores, and custody perimeters. These are the quiet levers that steer usage without changing the code.",
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