Bitcoin Forum

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.  (https://blog.daviescoin.io/2019/02/14/what-is-the-decentralized-economy-and-what-it-is-for/)

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required.

In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth.

That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).

I hope we are not. The decentralized economy as a part of the centralized one does not sound good to me. I think we are slowly heading towards decentralized money that the government has no control of. However, the government can stay to offer insurances, perhaps some futures contracts as well as set the prices on vital products, so that even poor people can afford things like water and bread. If adoption increases, I think volatility will naturally become a smaller problem. Fiat might be there to stay for some time or be replaced by centralized digital currencies, but I think that people will be allowed to use independent currencies as well.

Yet i do still think the market still can be manipulate by some parties and rich people will still be in control. I do think it will be hard to make a decentralized economy. Economy still not equal for each country and super power country control all the economy and i do think there is no way to stop them from do it, especially china which is really great country in export.

Even a decentralized currency supply is hard to achieve. Even though cryptos are essentially that, they cannot be 100% decentralized even if we get to a point where people only trade using decentralized exchanges and bitcoin doesn't even need usd or fiat anymore, someone could still control the majority of bitcoins, essentially controlling bitcoin's fate since he can always crash the entire market at any point.

I am not sure that decentralized economy will be possible in my entire life time because we are in the practice of this system for 1000 years or more that currencies were said to be backed up by something.But still there is no clear definition for the people how the money are/were printing.So it will take time and we need it to make the financial freedom for everyone not just for the one who is in authority.

I think this topic fully clear decentralized economy.you are clearing how controll economy.i heard the news from your topic thanks.

Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.

Why is it not clear? Countries don't specifically have to adjust their taxation rules to crypto and mention the asset by name. It technically doesn't even matter what it is that you buy into and sell, taxation applies whether you like it or not.

People quite often assume that just because crypto isn't legal or mentioned by name that they don't have to pay tax. That's false. It's dangerous as well, because when your government starts to ask your exchange for user information and the exchange hands it over to them, you'll be busted and forced to pay the tax you 'owe' them plus a hefty fine.

Governments haven't been very active on that front in the past, but that will change in the forthcoming years.

Of course you have to pay your taxes but it seems extremely confusing when you have to do it with cryptos, for instance for our signature campaigns, how are we going to prove that we got the money from them and is it even legal to participate in signature campaigns without some sort of contract?

Yes we are, I am very optimistic on that, but we cannot be fully decentralized since the government still has the power to regulate us.
To make it short, a decentralized economy regulated by the government, sounds better than the current system we are at.

People are tired of banks and government regulation and decentralized blockchain technology have changed things for the better. We're now free to make our own banks and to manage our assets without lots of conflicts.
However, there are still some parts where cryptocurrency couldn't take full control of because we still need to consider the government at some point.  

I have no choice but to totally agree with your assessment of things here. While we are dreaming of a decentralized economy, we have to accept that we are still living in the real world. The most likely to happen is the co-existence of the the current system we have and that one produced out of the use of the decentralized cryptocurrencies. Well, while there are frictions in between I am seeing that eventually things can be threshed out for good with many compromises along the way (whether we like it not we live in the world where compromises are needed to accomplish changes).

We might be. but with the resistance coming from the banks and governments it seems impossible and if it happens
it'll be considered(I might be wrong) as a sub economy and government will probably still enforce their authority over it.

as a logical view, a country is certainly regulated by the government. and of course the government does not want to lose its control, but as a country that wants progress, it certainly must respect technological developments. and we are waiting for what government policies can mediate between them

Lols,

Last time I checked Spain, Switzerland and the United States were not in the stone age.

Decentralized economy?
Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy.

When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system.

With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution.
Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain!  ;D

Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left.

Just like in the name decentralized means it doesn't have a central government body that controls the money and forces the participants to deal with the issues at hand without putting the responsibility in someones hands. I am not saying that is better but it is certainly different.

For example, in the normal fiat world we live in right now the rich people get richer and poor people get poorer, if we do not print more money to give them both what will happen? Poor will eventually have nothing and the rich will have everything and poor will riot or die. That is why they print money and make the economy go forever. In crypto decentralized ways rich are forced to share with the poor otherwise there is no more bitcoins and the poor will pay premium to get it and that will result with bad situation for whales.

Wow, plot twist.
Decentralization means FORCING people!
Who could have imagined this!  /sarcasm

Listen up, all your socialist dreams will never come true, never.
Decentralization and a free economy will always be the opposite of your socialist dreams, those that have coins will be rich the ones that can't afford them will not be and will be left poor. Without taxes there will be no social programs, no social welfare, no nothing, the poor will be hit a thousand times worse than the rich.


If you're referring to how utopic it is to be ut in place yeah, it's just as communism or socialism. Both failed everywhere because we weren't able to get the real utopian society, or at least those are the excuses their fans blab all over the place.

Now, talking about how it will work it will be more like a libertarian movement but just as the others it will likely turn in a few years in a mad max world.

Decentralized economy?  It is just like you having a nation without law, I am not sure decentralization will ever work for economy, it is just best to stick with decentralized currency which will in turn help any economy than to talk of decentralizing economy. There cannot be decentralization without blockchain, and when it comes to blockchain, it requires the use of code to control things or make decentralization happen.

What code will be written to generally decentralize the economy or give people the full power to do whatever they like as regards economy without the government interference or control? Let’s not go this way at all.

Op you are right and that is why governments and financial institutions are fighting the existence of cryptocurrency and blockchain in general. I am in full support of blockchain technology because I see it as the only way to break the power of those powerful men and women that has been controlling the world economy and powers is being giving back to society through decentralized systems.

I think a lot of people think everything can be decentralized, and everything should be decentralized. It's not possible to blame them either, since even projects in crypto and their developers all think the same things. This forum for example is best centralized. I can't imagine what chaos would take place if we tell the mods and admins the forum wants to self regulate.

Now imagine if the same happened to some economies. I believe developed economies in some countries would do well but for corrupt ones the countries would just collapse.

Honestly the main reason is not to have a federal bank that will ruin it by doing something silly that will help the rich and screw the poor.

So far in all worlds economy whenever something bad happens they save the rich people first with the idea that poor people all have money in the bank and if a bank collapses then the economy will as well but whenever they give the money the banks do not use it to help recover the people but help themselves with bonuses and so forth whereas people keep getting screwed and getting their houses and cars taken from them.

In 2008 if the newly printed 800 billion dollars were used to pay everyone's debt so that nobody would have debt and banks would get the money then we would still have banks recovering and also people at ease with no debt but they paid it to banks to recover whereas people also had to pay their debts to banks as well, most of which couldn't so banks got paid twice both by the government plus people who could pay or give their houses and what not. Decentralized economy stops all of this discrimination against the poor.

Guys, I think we should clearly distinguish between the guilt of the state, the banking system and the people.  Why are there debts that people have to pay to the bank?  Who forced to take a person in debt?  The fact is that in many countries, people are accustomed to not refuse anything in themselves and buy cars, houses at home, and live with bank loans in general.  Of course, you have to pay for everything and give the interest to which everyone agreed.  The banking system will never give their money.  In fact, the banking system has never had its money, because it is all the contributions of other users, but nevertheless the fact remains that no one forces a person to go to the bank and take a loan.

Decentralized economy sounds like a buzzword - market economy is already decentralized, as opposed to centralized economy known as planned economy, which was practiced in countries like Soviet Union and Maoist China. People like to add the word "decentralized" to anything these days, especially in crypto sphere, so it's important to always have clear definitions.


Just because we have regulations and national banks, doesn't mean that the economy is centralized, governments don't make any demands to companies telling them what to produce and in what quantities.

You should start with what does decentralized mean:

Decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.[1] Concepts of decentralization have been applied to group dynamics and management science in private businesses and organizations, political science, law and public administration, economics, money and technology.

From: https://en.wikipedia.org/wiki/Decentralization

Then you apply this concept to the Economy.
You distribute an Economy management to many different entities. Which one with their own rules and controls.

Just as decentralized Stellar usage with banks where you will be able to send your stellar from bank to bank and trade it anywhere to fiat without the issue with fees from the banks and delays between transactions.
That's basically the same for decentralization on economy. There will not be such waitings for your money to be on your hand or ready for you to use it online.

I think that everything will lead to a decentralized system. but it cannot be implemented in every sector of the economy for now. of course every country wants to be a developed country, and that must be done step by step

The economy of any state can only be centralized. Decentralized economy and the state - the concepts are not compatible. Decentralization may exist at the local level, but at the state level the economy must be managed and regulated.

It is not something we should even dream of, so long we are dealing with humans who are naturally lawless in nature, decentralizing the economy will create lots of chaos, there will be lots of scam, lots of fraud, lots of things happening that will go against the law. In fact there will no longer be authority that will function well. What are we even talking about, who will ever approve this, this is just a little fantasies which can never in the op’s wildest dream ever happen. We are still fighting hard to get decentralize currency approved and now we are shifting to decentralized economy? Absolutely impossible.

Decentralized economy is nothing like communism, not even a single percent. Communism is a flawed concept. It promotes inefficiency as well as ineffectiveness. The sense of propriety lacks in communist society hence such economy can never grow, USSR is perfect example for this.
But decentralization is something much better than other forms of market. No one in today's date wanna controlled by other forces. As a bitcoin advocate, I can say that whether it's currency or any other commodity, if it is free from state's control, it is more accessible to public at large. However, decentralized economy do promotes inequality. It widens the gap between rich and poor. But as a common saying states: "Survival for the fittest". You need to grow on your own rather than waiting for support from government in the decentralized economy.

It's not the same decentralization as you quoted. In fact, we could say we are already in a decentralized system but if each time you give the governance to the same centralized authority then there is no need.


What we want is a decentralized system where the governance is given to us, the population. Where a consensus matters. And not really on the whole economy but rather the banking system.

Well, that's not entirely accurate. Many governments have production policies that establish quotas that they will subsidize. A good example is the European Union Common Agricultural Policy (CAP)

https://en.wikipedia.org/wiki/Common_Agricultural_Policy

Can you produce over this quota (if you're not a beneficiary of these subsidies)? Sure you can, but you will be in a clear disadvantage with everyone else as your effective production costs will be considerably higher.

I really like this statement. we actually create a decentralized economy but are still controlled by the government and the law. This is good because it is actually the opposite of the centralized market. therefore, solutions are becoming more and more effective in avoiding the harmful effects of inflation.
I really like decentralization, we are really free to make money and not be pressured.

decentralized economy is something that supports its community providing alternative solutions to nowadays financial system. It is agains all traditional financial systems and also against nowadays banking systems.

I believe it's not against the banking system, it's just giving aid to the bank to give people a chance to do banking without the bank, or reach the people who have no access to bank. With the decentralized system, things are faster, cheaper, and more transparent, that's it's purpose why it's created as the traditional system is pretty limited.

So you like decentralization because you're 'free' to make money and not be pressured? I don't think anyone will pressure you when you try to make money without crypto being a thing. If you got the skillset that's in demand, you'll be doing well wherever you are or whatever the industry concerns.

People somehow think that crypto is an easy way to become rich, but that's not the case at all. Free money doesn't exist. You either already have in-demand skills that make you money, or you take big risks speculating on the prices. There are definitely more opportunities in an emerging industry, but that applies to any industry, whether you think it's centralized or decentralized.

If people really cared about decentralization they would be actively speaking out support for it, but they don't. Most people either don't care or don't know what it is.

I agree that nowadays financial system are full of flaw but decentralised economy is really dangerous system, imagine the uncontrolled inflation and the rich could easily manipulate the price, its not suitable to run a country with decentralised system, but its different with crypto it gives alternative payment solutions but it won't create a decentralised economy

How do you see this work out? It's not that every person who switches to your ideal decentralized world is on the same thinking level as you are. Nothing changes the fact that we're still working with people.

Working with people means that there are different agendas to follow, and we to some degree have seen that happen in crypto already. Aside from being your own bank I don't think we will actually benefit much from decentralization.

The thing with decentralization is that it (for now at least) can't compete with centralized entities providing a service people consider useful to them. I haven't seen any development after Bitcoin yet that boosts my confidence in decentralization.

Decentralized economy is where people take decision and control the economy unlike big cooperation and governments control economy like the way how they have brought hyper inflation and growing debt hopefully in future we may see such development through Bitcoin and crypto currencies

I think it is giving us the option to be more transparent with the money we spend and transact even though it is considered more anonymous than fiat currency. Even in fiat currency which is considered to be traceable it is hard to trace cash actions or the actions of some shady bank that doesn't share their information with the public but only with government authorities which they already bribed anyway.

Or the worst case is Swiss bank accounts or cayman bank accounts or even now Caribbean bank accounts which is basically taking all your money out and not paying taxes. With blockchain and decentralized economy we would be able to see who makes how much and will be able to tax them properly on that and they will be forced to pay their taxes which would help the poor not pay so many taxes instead of wealthy.

The question really is will the government of any country allow this to happen in the first place? You are really asking the government to give in a big power to their citizens by giving them the control of their economy and people who would take advantage of this are the top 1%, people in the middle class and below would be eaten alive by this system and we would wish that the government is the one who really needs to be in control.

I would add to all that, the fact that a decentralized economy doesn't mean that only money is exchanged in this system.
You can also exchange other assets, or own things that have value in our economy. This promotes also a decentralized economic system.

These people are delusional

We are not heading anywhere. Well, definitely not in the direction of full-fledged decentralized economies based on cryptocurrency. Bitcoin as well as other cryptocurrencies remains a purely speculative asset, so these ideas or visions are no more than castles in the sky. At best, Bitcoin will become a tool for hedging against fiat currencies (and government lawlessness, while we are at it), a device for storing value of sorts. But most likely, it will just go on as a vehicle for speculation (though personally, I'm quite fine with that)

Decentralization of the economy at the state level can not exist. The state economy can only be centralized and controlled. Public organizations and individual representatives of the people may be involved in managing the economy. The final decision on the various issues discussed may in some cases be taken collectively, but in most cases it is made solely by an authorized official.
Decentralized economy, in my opinion, is equivalent to anarchy in the economy.

@deisik
Can a society exist without a leader? I doubt that it would be just an anarchic society. The same can be said with the economy. Decentralized economies do exist already but to see something based on Bitcoin is near impossible and delusional, true that. But as an alternative currency, there is nothing delusional and Bitcoin is relevant

Decentralized economy is solely controlled by the people themselves so if this become possible with other big countries,how much more with those small countries?Trough virtual currencies,decentralized economy can be attained.It might take a hard time but if people will cooperate,decentralized economy will surely be realized in the future.

Decentralized economy works in favor of the people as it liberates them from the power of centralized systems where an individual or body owns control over the affairs of the whole nation. This is why cryptocurrency users are free from the interruptions of middle men in their financial transactions because crypto is decentralized.

It is a possibility, but we all know there is a body that will not allow this.

The government always want anything in control and that is the same with the economy. For me though, it is true that we might be leading there since there are a lot of platforms and countries that accept Bitcoin as a payment. But the age of the Internet, I think will go first before that where the internet is always what we need and what we importantly need to live our lives to the fullest.

Bitcoin is not fighting for decentralized economy but to be a decentralized currency that people can use for fast and cheap transactions, that's the difference in what you have said. So stop saying that Bitcoin is created for the target of achieving decentralized economy, unless maybe I'm wrong. But I'm very sure that you if you study Bitcoin the purpose is just to be a decentralized currency that people can use to send and receive money, not regarding where they are in the world and also for a cheap transaction  fees. Although I don't know if Bitcoin is still what it's meant to be cause whenever the price goes high the, the fees for  transaction goes up as well. Bitcoin was meant to keep users anonymous but it seems all these things are going to change soon, cause I'm hearing from people around that people might be needing kyc to make use of crypto.

What do you mean exactly by a decentralized economy controlled by the people themselves? Do you mean a business and entrepreneur centered economy? Or something else? It seems like business/entrepreneurship is the best way to get what you're looking for.

Have a good day,
The Cyberius team.

If other countries have managed to create a decentralized economy through the use of virtual currencies,then it's very possible too that it would also happen to some other countries.But i think this would really take time to make it happen because surely the government itself won't allow to have a decentralized economy because they won't have the sole control of their people.

I know right, a decentralized economy would create destruction. The money is always centered in the government, also, government will never approve on a decentralized economy.

Sorry for the late reply (didn't follow this thread closely)

I think you should first clarify what you mean by a leader. A society can in fact exist (and prosper) without an authoritarian ruler where the functions and tasks of a leader are taken and carried out by the government machine (courts, legislative bodies, etc). In that case, it will be far from an anarchic society obviously but it still won't be a decentralized society in the sense you mean it. To put it differently, instead of a sole ruler there'll be an overwhelming ruling machine. It is called bureaucracy, but not necessarily with a negative connotation to it (read, it may actually be a good thing if the rules are reasonable and followed through)

Other than that, Bitcoin is relevant as a potential store of value having a few properties of a real currency, e.g. the capacity for being used as a means of payment, which gold (another store of value) mostly lacks


A decentralized economy based on crypto would quickly implode but a decentralized economy is generally considered a good thing in itself (at least as long as it stays decentralized). It is called laissez faire

True, making a decentralized economy impossible. Moreover, each country has different ideologies. Like North Korea, where this country is a communist country which is all governed by the government. And a decentralized economic system cannot be wrapped up in a centralized government system, because both are conflicting.

I think we are all sick and tired of governments actually having a say in our money supply and that seems to be the biggest issue. Banks and governments are controlling the financial world however they want and sometimes some idiot president of a country does something silly or says something bad about another president and whole nations go into economical warfare. There are not that many wars going on with actual guns, countries now fight with their economy.

Hence, decentralized economy makes sure no rich person cheats, no government official even the president can affect it badly nor any single person can cause any harm to millions of people. We all will be equals in economy, doesn't matter if we are rich or poor, doesn't matter if we are president of a country or unemployed teenager, we all get the same rules apply to us.

I'm pretty sure that the economy would fare far better in the hand of the bounty hunters that spam bitcointalk and don't have a clue how basic things work. Let's take a vote, who would you want in charge of the money supply, Jerome Powell or the moron who applied three times for a "slut" in a signature campaign?

Remember, decentralized economy, pure democracy, his vote will be the same as your and as Harvard graduate.


Yeah, it doesn't matter....how?
How would you, with no money have a saying in a totally decentralized economy?
All the poor people will simply have even less saying now, the rich will have all the power.

For god's sake, look at what is happening with bitcoin during pump and dumps.
With 100$ you don't budge the price one cent but a whale can crash the market by 20%.

This is real decentralization, not your pink fluffy dreams.

Or corruption where 99.9% of the countries wealth gos to the president and friends.
Bitcoin can be a solution for those who doubt there local currency or lost faith in there government with there cash printing habits. The more stable bitcoin gets the more appealing it will become.

Running a node doesnt have to be funded.

A decentralized economy will end up damaging the economy completely if allowed, and this is where the war will start from if anything of such tries creeping into the system. I understand that government have their own issue too, and sometimes, it could be very annoying on so many restriction they place on citizens and so many taxes that is being imposed, but it is better we continue to run such system than have one that would completely kill the economy such as the decentralized economy.

it will make the citizen of the nation to be lawless and lack control and once there is no higher authority to curtail the situation through the control they should have, them such economy is gone, and once we take a good economy out of the equation, the country becomes a dead one.

I think what people are missing out on this is that the whole reason decentralized was created was to stop the wealth gap between the rich and the poor. Everyone thinks it is because one centralized authority should not control the money but that is not exactly the reason.

If there was an authority we could trust that would allow the poor to have the same rights and possibilities as the rich while rich would pay a decent tax that would go directly to good causes like building schools and hospitals and funding medicine researches that would eventually be free etc then we wouldn't need decentralized economy. But, since humans are faulty most of the time and we can never trust any one person, decentralized makes sure that is covered by nobody and could be traced and tracked into whats going on with money as well.

The government has all the right to regulate whatever technology that could be make people at risk, though crypto aims to promote improvement to the financial world but the risk is till here since that involves money, people buy crypto to use it, either they invest or just buy purely for online transaction.
They can regulate this even if we have to say it's hard, because they are the government would can control everything for the benefit of the people they are governing.

lol why are you saying those things ? you are here on crypto  forum and you are using a crypto  and cryptos and blockchain are decentralized right ? and being decentralized offers some benefits that you cant see on a centralized system  .

dex wont damage the economy but it will rather improve the economy .  but i dont think that a certain country can totally become decentralize and will only depend on cryptos as thier primary medium because that is hard and seems impossible to happen  .

This bolded part of your quote is why I think that decentralized economy can never be a thing. Especially when the government wants to still be in control of majority of it state transaction, funds and economy. They benefit from serving as a middleman between the people and their funds.

Yet, it is inevitable. If the blockchain technology would be used in governing in the nearest future, we could see a partway to a decentralized economy.

Not at all and I do hardly believe for it to be implied nor adopted fully.Decentralized Economy? It wont really come

to that point as being said government do loves all to be controlled and talking about decentralization is really opposing on what
they do want.

I think this will be more beneficial for democratic government. Wherein the power comes from the people. Centralized systems have been around for so long and are so pervasive throughout each of our lives, it’s hard to imagine there is any other way that anything could be organized, or if it could be organized differently, that it could somehow be better than centralization.It turns out that God also created decentralized systems. Decentralized systems are vastly more innovative than centralized systems, consider the ecosystems in Nature as primary examples. Decentralized systems leave assets and control with the individuals/organisms (rather than controlled by a centralized authority). However, decentralized systems have historically been too costly and complex to operate in scale within the context of human civilization…. until now.

Not all countries, I think this will be difficult because every country has different regulations, especially countries in the Arab world, they will certainly reject it violently because it is contrary to their teachings. With a decentralized economy, it means that the government cannot regulate the economy of its people, and of course this also contradicts any government system.

I myself do not expect that the economy is fully decentralized, I just hope the two economic systems can go hand in hand. So that it has benefits from both sides.

No, the aim is to make sure everyone has the same rights and same possibilities in economy. Just because rich people bribe the politicians they get to do some bad moves and fail time to time but not get affected whereas a poor person can make one bad financial decision and they could cripple their own economy for years.

Human life is at most 100 years and most of us will die at around 70-80 (some live less some live more) and we started to make our own money after college most of the time (some people start working earlier) and that means we have like 50 years to actually do something about money and if we do just one mistake that cuts short to 30-40 years whereas already wealthy people can make mistakes in billions and they still get bailed out by the governments they bribed.

That is the theory but that is not how it works in practice, as soon as a person gets in power his first reaction is to try to do anything to remain in power, so instead of taking the best course of action that will benefit the people the most he takes the path that benefits him personally and his group of friends, if they really did what you say then we will not need crypto at all, but the rising popularity of bitcoin tells me that people are slowly waking up to the fact that most governments do not have their best interests in mind.

If there are people in the government who came to do government work thanks to the will of the people, then no official will interfere with the legalization of cryptocurrency in his country.  No official will be able to use bans on cryptocurrency or control of cryptocurrency for personal conclusions.  Only in such a state will there be very good rules for a cryptocurrency market.

Centralized economy is  corrupted , framed,makes rich richer and Poors poorer , often function slowly and sometimes makes people do things without their will, freedom is limited, money is government's not really ours , old, needs change  etc..
There are many things that we need to change in this centralized system, decentralized one is not replacing it , it's aiding it .
We need it to foresee some of the major drawbacks of centralized economy.

It doesn't matter what type of economy (e.g. centralized / decentralized) we are participating in. It's still up to the people to actually benefit from certain opportunities, which if they aren't capable of doing it in the centralized economy, chances are they won't be able to do so in the decentralized economy. In other words, the poor will still be poor and the rich will continue to get richer.

People think decentralization will solve all or most problems, but that's just wishful thinking. People here talk about decentralization as if they want it so badly, but they don't even know what it actually means, and with a high degree of certainty haven't even tried to use a decentralized exchange or market place instead of a centralized one.

In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself.

That is like democracy, people are choosing who will lead but in reality, someone is controlling who the people will vote.

Decentralization economy is impossible in the past, that is certain. Government might accept, might legalize cryptocurrencies in countries, in other places but I don't think it will be mainstream. Bitcoin and others will continue what it is today and will never attain something higher like fiats.

From what I see about the benefits as well as the harms it has, it is a place that can bring wealth in a short period of time and has great liquidity (money laundering activity).
The deflation mechanism of Bitcoin and some other alts has created a potential market to help people fight the inflation of fiat money.

I think freelancing is the very good example of what we called decentralized Economy. And internet as the biggest tool while Cryptocurrency as it's main weapon.  To answer your question yes we are indeed heading to that certain point in this era.

Tho, It isn't for all the good thing about it is that people can now choose to either they stay being under observation by the government or to follow this new path.

The phrase itself ("decentralized economy") is rather vague and may mean a myriad of different things

So there can be plenty of useless and meaningless argument just because people have not agreed on "naming conventions" beforehand. But still, as far as economic matters are concerned, these can be quite decentralized. Truth be told, you can well consider them chaotic on the level of households and other single economic agents, even though you can definitely trace certain patterns when you move higher to the level of national economy as such (the inference being that there are some laws at work here)

In this way, unless we are talking about North Korea and their likes (I know there are no likes, though Venezuela comes pretty damn close), most economies in today's world are already decentralized (read, internally chaotic) where the amount of government intervention is kept to a possible minimum. But this minimum differs from country to country, of course, from a laissez-faire type of economy (Switzerland and many other European countries) to a more regulated kind (Russia and China come to mind instantaneously)

I think this way the world would have been a lot safer for the people who are not in power as well, people think that only the rich lives a good life but the path to richness comes from power and vice versa so when a family gets to a level of richness it takes a lot to really drop them from the rich level hence you have to actually become rich and powerful which would result with you doing whatever you want, at a certain level you are even above the law.

If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.

Decentralized economics can be our future. It will receive as much money as it needs at the moment for development, and not from a single emission center, but from many such centers. The owners of the emission centers of the new financial system will be active people - project leaders and the investor community - supporters of the project.
These people are involved in the process of creation and wish not only to increase capital but also want to make something new, to improve this world.

So far, the world economy is not decentralized. Each nation controls the part of there economy, but for the American dollars that has been like a measure for many countries. And this is why crypto currency has come to emphasize on decentralization, considering the disadvantages of the economy status quo and trying to fix and trying to hold on to decentralized mediunm of exchange.

The very concept of a decentralized economy of the state is completely absurd, because not a single economy of the state can be decentralized by nature. The state economy has always developed according to plan, for the implementation of various projects and social programs, strict planning is necessary and such planning can only work in a centralized economy.
A certain degree of decentralization can only be at the local level; at the state level, there can be no decentralization.

I don`t agree with you! Planing, developing, implementation can work in every system, take a bitcoin for example for decentralized systems. Centralization just means that some people can make plans, but who guarantee you that their plan is a good plan?
In a country with centralized systems, like we have now all over the world, we have one huge problem. Head of that centralized system is a capitol city and people who live close, all others suffer cause of that (cities, villages, and everything else that is not close to that capitol city). Simple all the money goes there, and they decide about how to distribute it.
Decentralized system means one thing, all people have a voice! Not just handful of people who live in the capitol city. Think about it!