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Michael Saylor | PBD Podcast | Ep. 212
PBD Podcast
The Risk of Owning a Commodity
A decentralized asset is one that is diffused on so many different computers in the hands of so many people that no one person can change it or corrupt it. A centralized asset is like Apple stock, where Tim Cook could print 10 million more shares and cut the price of the iPhone to zero. Les Misterms: If I was explaining it to a kid in school, I would just say a truly decentralized thing results in a commodity where no one can corrupt it. And a centralized thing is a security. You're relying upon the effort of somebody else and you have to trust them.
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