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Title: why decentralized currency is better? [peerreview request] Post by: runCRYPTOrun on March 27, 2018, 08:07:41 PM I felt there is a need for a fundamental analysis on this matter as there are miryads of questions from crypto enthusiasts that reveal a pure lack of understanding the benefits of decentralization.
I am asking you to debate the article where you feel the need to and complement the info you feel a lack of. Please don't quote the long post ;) The actual post below | v Title: Re: why decentralized currency is better? [peerreview request] Post by: Washball on March 27, 2018, 08:21:42 PM When bitcoin was developed, the main objective was to enable peer-to-peer transactions, bypassing the middlemen who take advantage of centralized transactions. These middlemen make profits from financial transactions, in fact they are paid for these transactions. Banks and financial institutions exist for centuries and have made so much money from clients. Now they are the most powerful entities in our society. With cryptocurrencies we can skip them and do our own thing.
Title: Re: why decentralized currency is better? [peerreview request] Post by: runCRYPTOrun on March 27, 2018, 08:34:50 PM When bitcoin was developed, the main objective was to enable peer-to-peer transactions, bypassing the middlemen who take advantage of centralized transactions. These middlemen make profits from financial transactions, in fact they are paid for these transactions. Banks and financial institutions exist for centuries and have made so much money from clients. Now they are the most powerful entities in our society. With cryptocurrencies we can skip them and do our own thing. Hi. I covered this subject in the post. In fact I was trying to explain that skipping the midle men is not the only benefit of crypto. If you find something you dissagree or think is incomplete please let me know so that I edit it for future readers. Title: Re: why decentralized currency is better? [peerreview request] Post by: Chaki on March 27, 2018, 08:41:40 PM I like this currency wherein no one is in control but price depend on the investors and users on the market, no one tells that we go with this price for Bitcoin and this for tommorow.
Title: Re: why decentralized currency is better? [peerreview request] Post by: runCRYPTOrun on March 27, 2018, 09:31:34 PM I like this currency wherein no one is in control but price depend on the investors and users on the market, no one tells that we go with this price for Bitcoin and this for tommorow. You are refering to the rules of free market price formation, I covered this in the post, if you find something you don't agree or feel some information is missed on that subject you could help improve that. Title: Re: why decentralized currency is better? [peerreview request] Post by: runCRYPTOrun on March 28, 2018, 09:13:59 AM I like this currency wherein no one is in control but price depend on the investors and users on the market, no one tells that we go with this price for Bitcoin and this for tommorow. btw, there are lots of centralized coins trading by rules of supply and demand (apparently) in the top 100 coinmarketcap. They simply have other points of centralization. Title: Re: why decentralized currency is better? [peerreview request] Post by: Welhell on March 28, 2018, 09:38:49 AM People are so tired of being governed from any government, they want freedom and the decentralized system is the best for them. Everyone wants to do it, because it is best to do business without a third person and no one knows and little fee.
Title: Re: why decentralized currency is better? [peerreview request] Post by: runCRYPTOrun on March 28, 2018, 11:15:33 AM People are so tired of being governed from any government, they want freedom and the decentralized system is the best for them. Everyone wants to do it, because it is best to do business without a third person and no one knows and little fee. Anonimity with decentralized currencies is questionable because of the simple fact that transactions are public. I don't think that is a real concern tho when comparing to fundamental benefits. Can you give examples of cases when anonimity is of real use? Title: Re: why decentralized currency is better? [peerreview request] Post by: KevinClarkson on April 01, 2018, 07:15:30 PM You don't want to be watched all the time. Also, a third party transaction with lesser transaction fee that too without being guarded.
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