Part 8/9:
The Cost of Sacrificing Decentralization and Censorship Resistance
On the trade-off between efficiency and governance, Andreas is unequivocal: Bitcoin sacrifices transactional efficiency—meaning it processes transactions more slowly—but this is a deliberate choice to uphold freedom, censorship resistance, and permissionless innovation.
He questions the motive behind many organizations adopting blockchain: If they don't prioritize decentralization, transparency, or censorship resistance, why use blockchain at all?
He argues that traditional systems like SWIFT are outdated and insecure, and distributed ledgers should fundamentally overhaul trust and authority in finance, empowering billions and safeguarding individual freedoms.