How important is decentralization to cryptocurrency, and what happens if it is centralized?

The ordinary trader of crypto-currencies does not care of the level of decentralization of one or another crypto-currency.

Decentralization in blockchain tech is a marketing term used to appeal to ‘buy and hold’ and HODL investors.

The unintended consequence of success of a blockchain leads to increasing centralization as fewer people can afford to run nodes of the blockchain. For details on this please check this article -
Towards centralized blockchains

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