Those within the industry understand that one of Bitcoin's most important features and perhaps its true core innovation is its decentralized structure. Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements. Other than that, bitcoin is often lauded by enthusiasts for the same reason that it’s feared by critics, that is leaderless. Nobody owns it, nobody controls it, and nobody can tell it what to do. That’s what some people keeps saying that bitcoin is decentralized.