Why do we need to build something that is decentralized by nature at all?
To understand this, let me walk you through a real-world use case based on a centralized economy with a central authority of control.
Sofia is the owner of a pub in Cardiff, UK. To penetrate the liquor market, she decides to allow her loyal consumers—most of whom are heavy drinkers—to drink now but pay later (DNPL). She keeps track of the pints consumed on a ledger. Sofia's DNPL business model gets rave reviews from her clients, new consumers flood into Sofia's pub, and soon she has the largest sales, volume of any pub in Cardiff.
By providing her clients with freedom from immediate payment, Sofia gets no resistance when she substantially increases her prices for whisky and rum, the most consumed beverages. Her sales, volume increases massively.
A young and dynamic vice president at the local bank recognizes these client debts as valuable future assets and increases Sofia's borrowing limit...