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every transaction happens directly between buyers and sellers. It’s like going to a flea market instead of a supermarket. Flea markets are decentralized: shoppers and merchants exchange money directly. Supermarkets, on the other hand, are centralized: merchants sell their stuff to supermarkets, who then distribute items to shoppers. If you destroy the supermarket, no one can buy or sell anything. But the only way to take down a flea market is to take down every single vendor.
Swipe to Unlock: The Primer on Technology and Business Strategy
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