Bitcoin Forum
July 07, 2020, 09:48:46 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Why decentralized money system is needed  (Read 278 times)
metenjean
Full Member
***
Offline Offline

Activity: 630
Merit: 135


kingcasino.io


View Profile
March 15, 2018, 01:45:20 AM
 #21

At first i was agreed with your opinion about decentralization because with that the market manipulation isn't done by government and regulation anymore but by the people. However without that kind of power, the government also means nothing since they control the price of the currency and doing foreign trade with economic law which also include manipulation of our own currency whether doing it by tax or interest rates. Then i read about you saying this:
When I hold 50% of something I can kill it, I can ruin it, I can take it to the moon, I can do a lot of things.
Not only money but anything which has such a powerful influence on people should be decentralized and belong to the public equally.
And this is why the money will never be centralized because anyone with enough powerful money and influence could do anything and therefore government is needed to uphold a law to ensure that power doesn't go out of control, you said it yourselves that you could do anything with that either to raise it or ruin it.

► KingCasino ◄ ♦ World First Online Cryptocurrency Casino ♦ ► KingCasino ◄
───●●───●●───●●───●●───●●─[   Bounty Detective   ]─●●───●●───●●───●●───●●───
Website|Twitter|Reddit|Facebook|Telegram|LinkedIn|Youtube
1594115326
Hero Member
*
Offline Offline

Posts: 1594115326

View Profile Personal Message (Offline)

Ignore
1594115326
Reply with quote  #2

1594115326
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1594115326
Hero Member
*
Offline Offline

Posts: 1594115326

View Profile Personal Message (Offline)

Ignore
1594115326
Reply with quote  #2

1594115326
Report to moderator
1594115326
Hero Member
*
Offline Offline

Posts: 1594115326

View Profile Personal Message (Offline)

Ignore
1594115326
Reply with quote  #2

1594115326
Report to moderator
just_Alice
Hero Member
*****
Offline Offline

Activity: 840
Merit: 556



View Profile
March 15, 2018, 08:38:10 PM
 #22

In the banking system, the central figure has a huge influence on our money. Our 1 dollar bill can be useless if they want it to. But in decentralization, the price is influenced by the demand and supply. If it crashes, there's nobody to blame but us, the holders. So people can be greedy, yes, but atleast the whales will be mindful about their greed.
Right, but decentralization has its cons too. For instance, some rich people bought a lot of BTC and can simply manipulate the price, they can even combine together to achieve whatever price they want and then it becomes not so decentralized and the old story begins. But, it might be even worse, because, unlike the govs, who at least try to treat people nicely and make a good showing, those people with BTC won't give a shit. And we can feel it happening right now. So greediness must be crushed.
bitlyra
Member
**
Offline Offline

Activity: 143
Merit: 10

crestonium.io - 0% fees cryptobank


View Profile
March 15, 2018, 10:28:55 PM
 #23

Decentralized money system is needed in order to avoid the control of the government upon the currency. Bitcoin is a decentralized currency and no governments can control it unlike other currency. This kind of currency is needed in order that other crypto holders can use it with out tax.

sserge009
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


View Profile
March 16, 2018, 10:19:09 PM
 #24

The existing financial system was formed over the years. Even if the way to build a truly decentralized monetary system is found, it will be years before the masses of people accept it and it will spread around the world.
richardsNY
Legendary
*
Offline Offline

Activity: 1232
Merit: 1084


View Profile
March 16, 2018, 10:56:17 PM
 #25

The existing financial system was formed over the years. Even if the way to build a truly decentralized monetary system is found, it will be years before the masses of people accept it and it will spread around the world.

The mass consists of sheeples only, and for that reason are likely to stick with their by government issued money. That's why I believe that Bitcoin and basically any crypto currency is and will be nothing more than an alternative. But it's all fine. If we want, we can use our current cryptos already as money, where it's just a matter of time before we see a more global form of merchant adoption. I can't wait for the day that I don't need to use fiat anymore in my local stores, or even in local bazaars. The only thing we need to conduct peer to peer transactions is our smartphone or tablet, and an internet connection. MasterCard, Visa, PayPal, Skrill, etc, are all useless.... Win for freedom, loss for centralized ecosystems.
bettercrypto
Sr. Member
****
Offline Offline

Activity: 798
Merit: 253


View Profile
March 16, 2018, 11:19:43 PM
 #26

When we say decentralization of money, it defines as no central authority that will regulate the flow of economy.
At first, it is good to hear about decentralization right? But what if the money will not be controlled by the government? Do you ever think the negative effects that will happen if there is a decentralized money system?
I think these are the reason that may happen when there is no central authority in regulation of money supply,
1. It will cause inflation.
2. Government spending will be nullified.
3. Central banks will not control the circulation of money in the economy.
These events may lead us in economic crisis. Decentralization is not good. Yet, it will help to banks the unbanked family. At the end, it is just in favor with businessmen and other rich people. We need to have a central authority in order for the economy to become stable specially, in a long run.
Boysen
Member
**
Offline Offline

Activity: 250
Merit: 10


View Profile
March 16, 2018, 11:34:54 PM
 #27

Decentralized currency offers huge potential not only in the economic standard but political as well. As we all know, most countries are not unified and are still at war with each other. With the introduction of an international currency, there is a chance this long sought-out unification between countries of the world could be a reality since they all would have tp agree to use the international currency.

Ishiro5
Copper Member
Jr. Member
*
Offline Offline

Activity: 224
Merit: 3


View Profile WWW
March 19, 2018, 11:55:17 AM
 #28

I quite agree that the need for decentralization of money in the world as a whole is very important for equality and fairness in the human race. For instance centralization of money encourages corruption, economic manipulation and impoverishment of a greater percentage of the populace, because those in charge of the central system more often than not do not see things from the perspective of the common man or are just aptly corrupt and decisively insensitive. Decentralized money systems are being researched in Denmark for instance to provide aide to regions of the world in dire need, see article https://www.reuters.com/article/us-cryptocurrencies-aid/denmark-considers-using-cryptocurrencies-for-humanitarian-aid-idUSKBN1E81R1. This highlights that people are beginning to see the inefficiencies associated with centralized monies and the example above is just one scenario out of many. So decentralized money is the future of money.
Paecga129
Sr. Member
****
Offline Offline

Activity: 423
Merit: 250


View Profile
March 19, 2018, 12:16:47 PM
 #29

The decentralization of currency is vital especially with the world is now, the government control everything through money because they control the money and they can make as much money as they want because all they have to do is print and distribute it but with decentralized money no one controls it and so it cannot be used to control others. It will help by providing a better way for the equal distribution of wealth.
amih
Member
**
Offline Offline

Activity: 308
Merit: 17


View Profile
March 19, 2018, 12:28:21 PM
 #30

of course for us who live in this world with all kinds of needs that must be fulfilled decentralized currency system will greatly help us in terms of economic improvement to be better again. decentralized currency system is very much to give advantages as well as positive things that are not owned by the centralized currency in general. Decentralization is a financial system that will affect the economic level of every user because there is no centralized system that can make others take advantage of the assets we have.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Tor]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
Direwolve735
Full Member
***
Offline Offline

Activity: 448
Merit: 231


View Profile
March 20, 2018, 08:16:34 PM
 #31

I believe decentralized money system is needed because it assumes that all users have the same rights and can implement their own transactions. Money has always been the cause of the stratification of society, the division into the rich and the poor, to influential and non-influential people. Bitcoin provides access for everyone. This is a new decentralized monetary unit with open access to emissions. At the same time, no one can regulate the system from within. Hence, everybody have equal rights. In addition, ordinary users can deal with the issue and release of updates for this system, which allows them to recover themselves, not only by the consumer, but also directly involved in such a global process.
Xardasim
Sr. Member
****
Offline Offline

Activity: 1286
Merit: 250


View Profile
March 20, 2018, 09:16:46 PM
 #32

As far as I understand, you want a equality between rich and poor like a Socialism. But in Socialism you can not see so much freedom, democracy. Because
if all conditions are the same for everyone, there will surely be limitations like Socialist sountries. You live in Capitalism relatively much more free and democratic. I think you should think about it.
surfinonmyownwavebaby
Full Member
***
Offline Offline

Activity: 252
Merit: 104


Decentralized Ecosystem for User-Generated Content


View Profile
March 20, 2018, 11:50:29 PM
 #33

As far as I understand, you want a equality between rich and poor like a Socialism. But in Socialism you can not see so much freedom, democracy. Because
if all conditions are the same for everyone, there will surely be limitations like Socialist sountries. You live in Capitalism relatively much more free and democratic. I think you should think about it.
I was just gonna say the way you describe Decentralization it sounds like a socialist idea or way of life. Decentralization just means that nobody can abuse power because there is no central authority, there still can be lopsided people who are rich inside the system though. Decentralization does not equal equality, but it does equal fairness in the sense nobody is left out of the system. There still will be levels of wealth, now and always I bet.

   R E O S         [   A BLOCKCHAIN-BASED ECOSYSTEM FOR USER-GENERATED CONTENT   ]     JOIN NOW!
Introducing REOSchain™   |  The blockchain that digs out the true value of social media content

WHITEPAPER                    TELEGRAM                     TWITTER                     LINKEDIN                     GITHUB
PrettyFace2018
Newbie
*
Offline Offline

Activity: 184
Merit: 0


View Profile
March 21, 2018, 12:00:46 AM
 #34

Decentralization is a way of taking power away from big institutions and distributing it to everyone else. It’s one of the most exciting things about Bitcoin and a big breakthrough in thinking about how the world can be organized. So, start with articulating how a centralized currency works.
Welhell
Newbie
*
Offline Offline

Activity: 154
Merit: 0


View Profile
March 21, 2018, 12:00:52 AM
 #35

If we look at it by the states, it will never be needed, because they are in charge of everything, and if there is nothing to manage, they do not need them either. If we look at it from our side, we definitely need it. Decentralized, that is, freedom, which I need.
Pansamantala
Member
**
Offline Offline

Activity: 242
Merit: 11


View Profile
March 21, 2018, 12:07:09 AM
 #36

A decentralized currency is required if we aim globalization. The economical growth and development it offers is something needed. More than the economic aspect, the political benefits of adopting a global currency is also something to ve sought out for. What I mean is that when countries use a single currency, war and battles may be reduced because everyone is now an ally.
bridgeport
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
March 21, 2018, 03:48:44 AM
 #37

We live in a word with over seven billion population. There are so many people that you can't even imagine. So many different cultures, countries, rules and appraoches. Eventually, we are all human and living by a money system where you work for something and this something most of the time called money and with money, you can trade whatever you are looking for if it's food, clothes or anything that basically exist. By that, money is playing a huge role in our world. There are trillions of dollars, unbelievable amount of debts. But I went too far, let's go to your country. Let's say the USA, there are hundreds of millions of people who use the currency called dollar every single day to live. They work for it, they pay with it, they can't live without this. So something like the dollar with such a huge power, why would it need to be under control? With this thing, you can kill, change and build empires. No one including the government and especially the banks shouldn't have control over how much and how many dollars should be.

Decentralization. Once there's decentralization, no one has ownership of the currency. No one can control and ruin millions of people's lives. That's why it's so important. Money? isn't owned by a single person, corporation, bank or anything like that. Money is held by us all the citizens of the country. Hell it, all the people over the world. It is so decentralized that no person should even have more than 1% of the currency. It's like air, we all need it and we all have it some of them less and some of them are but we are all equal, no hierarchy. This decentralization gives equal rights to everyone. We, the average person bring power to banks and governments that they don't need to have. We need to pay taxes, but no one should get the power of controlling the money supply. No one obviously also should have the power to delete a debt. The money system, the supply should belong to every human on this earth. Centralization is the killer of equality. When I hold 50% of something I can kill it, I can ruin it, I can take it to the moon, I can do a lot of things.
Not only money but anything which has such a powerful influence on people should be decentralized and belong to the public equally.

Of course, at those moments we don't have pure decentralization, but that's should be our vision. That's should be what we are aiming for.
Becuase if you want to have a healthy money system with a pure kind you need a decentralization.

I would like to hear your opinions on this topic.
will decentralized money can give assurance for the equality on all human to live? , I think it's not , still it will vary on what you have right now.If you are  wealthy enough,that can afford to buy anything you want , no one can change that when we use decentralize money, we can't force them to give assets and money to others, poor people still be poor if they will not exert extra effort to improve their way of living . Fiat or crypto currrency and centralize or not are not the key for equality , we should work for it to be able to live like a king.
jaaeeeyyyy
Full Member
***
Offline Offline

Activity: 434
Merit: 101



View Profile
March 21, 2018, 04:48:20 AM
 #38

Decentralization is need now because it has no governance. No institution could put a price on it so we don't have a standard basis of prices and would boom the economy since people are going to use it, but not all the circumstances, in such cases like deflation of monetary value there will br a disaster since price are really dependant to the demand.
Seaze007
Member
**
Offline Offline

Activity: 224
Merit: 11


View Profile
March 21, 2018, 05:05:30 AM
 #39

We live in a word with over seven billion population. There are so many people that you can't even imagine. So many different cultures, countries, rules and appraoches. Eventually, we are all human and living by a money system where you work for something and this something most of the time called money and with money, you can trade whatever you are looking for if it's food, clothes or anything that basically exist. By that, money is playing a huge role in our world. There are trillions of dollars, unbelievable amount of debts. But I went too far, let's go to your country. Let's say the USA, there are hundreds of millions of people who use the currency called dollar every single day to live. They work for it, they pay with it, they can't live without this. So something like the dollar with such a huge power, why would it need to be under control? With this thing, you can kill, change and build empires. No one including the government and especially the banks shouldn't have control over how much and how many dollars should be.

Decentralization. Once there's decentralization, no one has ownership of the currency. No one can control and ruin millions of people's lives. That's why it's so important. Money? isn't owned by a single person, corporation, bank or anything like that. Money is held by us all the citizens of the country. Hell it, all the people over the world. It is so decentralized that no person should even have more than 1% of the currency. It's like air, we all need it and we all have it some of them less and some of them are but we are all equal, no hierarchy. This decentralization gives equal rights to everyone. We, the average person bring power to banks and governments that they don't need to have. We need to pay taxes, but no one should get the power of controlling the money supply. No one obviously also should have the power to delete a debt. The money system, the supply should belong to every human on this earth. Centralization is the killer of equality. When I hold 50% of something I can kill it, I can ruin it, I can take it to the moon, I can do a lot of things.
Not only money but anything which has such a powerful influence on people should be decentralized and belong to the public equally.

Of course, at those moments we don't have pure decentralization, but that's should be our vision. That's should be what we are aiming for.
Becuase if you want to have a healthy money system with a pure kind you need a decentralization.

I would like to hear your opinions on this topic.
Now a days, decentralized money is important most of people now are using bitcoin. They used for online shop and paying bills. Thats why they need decentralized money for easy way of living.
maculeth
Member
**
Offline Offline

Activity: 630
Merit: 11


View Profile WWW
March 21, 2018, 05:12:04 AM
 #40

We live in a word with over seven billion population. There are so many people that you can't even imagine. So many different cultures, countries, rules and appraoches. Eventually, we are all human and living by a money system where you work for something and this something most of the time called money and with money, you can trade whatever you are looking for if it's food, clothes or anything that basically exist. By that, money is playing a huge role in our world. There are trillions of dollars, unbelievable amount of debts. But I went too far, let's go to your country. Let's say the USA, there are hundreds of millions of people who use the currency called dollar every single day to live. They work for it, they pay with it, they can't live without this. So something like the dollar with such a huge power, why would it need to be under control? With this thing, you can kill, change and build empires. No one including the government and especially the banks shouldn't have control over how much and how many dollars should be.

Decentralization. Once there's decentralization, no one has ownership of the currency. No one can control and ruin millions of people's lives. That's why it's so important. Money? isn't owned by a single person, corporation, bank or anything like that. Money is held by us all the citizens of the country. Hell it, all the people over the world. It is so decentralized that no person should even have more than 1% of the currency. It's like air, we all need it and we all have it some of them less and some of them are but we are all equal, no hierarchy. This decentralization gives equal rights to everyone. We, the average person bring power to banks and governments that they don't need to have. We need to pay taxes, but no one should get the power of controlling the money supply. No one obviously also should have the power to delete a debt. The money system, the supply should belong to every human on this earth. Centralization is the killer of equality. When I hold 50% of something I can kill it, I can ruin it, I can take it to the moon, I can do a lot of things.
Not only money but anything which has such a powerful influence on people should be decentralized and belong to the public equally.

Of course, at those moments we don't have pure decentralization, but that's should be our vision. That's should be what we are aiming for.
Becuase if you want to have a healthy money system with a pure kind you need a decentralization.

I would like to hear your opinions on this topic.
it would be fair if money was decentralized, maybe. but then, will the economy of a country and even the world be good? I don't think it will spin well. but true, justice is the most important thing. when all citizens around the world have equal rights to money, then nothing is different.

Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!