If Bitcoin aims to decentralize finance, why did financial systems become centralized in the first place?

Asked Apr 1, 2014· 1 answer ·Bitcoin
Faisal KhanAnswered Apr 1, 2014
The need for decentralization wasn't present before. Things and ideas that evolve and come into mainstream usage are because of a need. There was a dire need to have a decentralized clearing mechanism based on the Internet and payments - Bitcoin does just that. So does Ripple (improving upon Bitcoin IMHO).
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