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@cwebber Forgive my ignorance, but is this similar to decentralization with Bitcoin/blockchains: it's decentralized in the sense that anyone can get the whole public ledger, but to do that you need oodles of storage, so people end up using things like Coinbase?

Or am I way off in thinking this?

edit: I didn't notice the whole long conversation this sparked; I will pore over your previous responses in case I missed an answer to this!