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- Embed this noticeWhat's an organization? Is business? A group of business that commonly trade? A city? A state? My household?
The theory of the firm, i.e. what qualifies as an organization, is one that has been debated for millenia, and the French and the Germans had historically disagreed greatly on this point — folk or trading partners?
The fact is that what you really mean by decentralized is that a different order has power, however it may be comprised.
A long time ago, people traded in "decentralized" ways. They used bank notes, sometime discounting them depending on circumstances or ripping them in pieces to divide their value, or in beads, or furs, or metals.
Nearly every world government ended that. Thus, "decentralization" may be new to you, but governments crushing "currencies" is a tale as old as time.