Part 4/13:
Antonopoulos warned against over-centralization, arguing that forcing Bitcoin into traditional regulatory frameworks could undermine its core benefits. He cautioned that imposing centralized oversight—such as requiring all transactions to be monitored, or demanding identity verification—would erode the very features that make Bitcoin innovative, such as privacy and individual sovereignty.
He advocated for developing new mechanisms for decentralized security and oversight, including multi-signature wallets, hardware-based storage solutions, smart contracts, and cryptographically provable reserves. These innovations could enable "self-regulation" within the network, enhancing trust and security without sacrificing decentralization.