While other authors present Bitcoin or blockchain systems as decentralized or distributed networks, the interconnectivity patterns and economic incentives within Bitcoin preclude the interconnection of nodes in any structure other than a small world or complete graph.
In this article, Dr. Craig Wright examines the research presented by Cimini et al. that documents the statistical physics and algorithmic analysis of network modeling and analysis.
Using the term "decentralization" as a political statement is inaccurate, as it is only accurate when describing the computer network and not as a means of noting how power has been removed.
In this part 1 of the series "Papers associated with Bitcoin and related topics in law," Dr. Craig Wright discussed the concept of decentralization, which has become a core topic when describing how blockchain-based monetary systems function.
