Part 6/7:
While decentralized networks empower individuals to control their own finances, this decentralization comes with trade-offs. Every participant must verify transactions, which can complicate scalability. As blockchain technologies mature, achieving a balance between inclusivity and the operational burden on full nodes will be critical.
The growth of the Bitcoin blockchain raises concerns about its expansion and the need for necessary privacy tools integrated into wallets. The speaker highlights that current Bitcoin implementations do not offer the same privacy guarantees as cash transactions, marking a notable limitation of the system.