Decentralization ain't the solution to everything

[wxa7115]

You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts

I think the reason that people have not adopted bitcoin as widely as we want is because they have very short memories, the whole economic system failed 3 times during the 20th century and a new system had to be imposed.

The difference now is that we have a decentralized alternative, so when the current system falls, whether it is tomorrow or in a few decades, people will begin to try to find solutions to their problems and bitcoin will be there for them, and once they taste the freedom that bitcoin brings many will not trust whatever system gets imposed at the time.

[Benefactor]

There's advantages and disadvantages for the two sides and I think we need to embrace every last bit of it and be watchful in what we do. In this decentralized market, we decide to be the better ones and consistently look out which is great and avoid the awful activities that will simply suck our cash. I think the decentralization has even aided us in view of its straightforward nature, you can't alter it or adulterate it.

[Vaculin]

You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts

One thing is certain, centralized fiat will never be obsolete. Decentralization will never be an answer to all existing problems today but it will help to empower the people in the society to exert an influence over the current local governance. This will give us more freedom to do what's best for us and not just totally dependent on the centralized government as they can do less but more on their own advantages.

[Kasabus]

There's advantages and disadvantages for the two sides and I think we need to embrace every last bit of it and be watchful in what we do. In this decentralized market, we decide to be the better ones and consistently look out which is great and avoid the awful activities that will simply suck our cash. I think the decentralization has even aided us in view of its straightforward nature, you can't alter it or adulterate it.

In a decentralized system, people has given more rights to be able to maximize the profit taking without having interrupted by the government or people in authorities. So this decentralized market is more beneficial for us. But i believe that people still need rules and policies from a centralized government because that will maintain the harmonious relationship between individuals with different goals. So for me, if both will be possible, that will create the best advantage for us.

[Abiky]

One thing is certain, centralized fiat will never be obsolete. Decentralization will never be an answer to all existing problems today but it will help to empower the people in the society to exert an influence over the current local governance. This will give us more freedom to do what's best for us and not just totally dependent on the centralized government as they can do less but more on their own advantages.

While decentralization is NOT the solution to everything, it will certainly make an impact over our daily life. Fiat won't be going anywhere since it's backed by mainstream governments and banks alike. That's where decentralized cryptocurrencies like Bitcoin and Ethereum come into play. They bring financial freedom to those who need it the most. It's up the person to decide whenever he/she wants to use centralized money or all the other way around.

One thing for sure is that developers don't seem to understand that decentralization is not meant for everything. Projects often use the term "decentralization" in order to attract the masses. After all, it's a "catchy" phrase in the crypto/Blockchain space. Eventually, everyone will realize that some things are meant to be centralized. Games are meant to be hosted on centralized servers due to the large number of resources they consume. If placed on a decentralized blockchain network, they would face scalability issues. The same can be said about hosting websites on the Blockchain. At least, decentralization is emerging as a "force to reckon with".

As long as the whole world doesn't become centralized, there should be nothing to worry about. Just my thoughts