The centralization is what allowed for them to quickly discard the few safeguards that were in place. If that was not done, there might have been a different outcome.

That said, the design flaw cannot be overlooked. It was an open alley for anyone to drive a truck through. Plus when you are backing a coin by something that can be attacked also, it is a problem.

At the end of the day, they did not take the time to build value. This is where I think it all went awry. With HBD we have the ability to do something completely different.

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