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Author Topic: Decentralized System Disadvantages  (Read 525 times)
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December 05, 2018, 02:02:54 AM
 #1

We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?

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December 05, 2018, 02:36:26 AM
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 #2

Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage.

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December 05, 2018, 04:41:22 AM
 #3

We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?



do not have a lot of services such as businesses with a centralized system, and also services that are under a centralized company standard, because the cost of enjoying decentralized services is very cheap
maybe I will choose decentralized services if the features and services have been improved
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December 05, 2018, 04:45:52 AM
 #4

Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage.

this is a great explanation for this, you are definitely right. I wonder how many more coins we will have, its an indefinite amount i assume.
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December 05, 2018, 05:49:55 AM
 #5

Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage.

this is a great explanation for this, you are definitely right. I wonder how many more coins we will have, its an indefinite amount i assume.

it is true that it is super easy to create a new coin but not every creation is a good one. coming up with an innovation and also implementing it in the best way possible is the key to have more than one actual coin, otherwise copycoins such as BCH,... are worthless shitcoins that shouldn't even be counted towards total number of "coins" we have.

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December 05, 2018, 05:54:16 AM
 #6

Decentralization makes decision making more complex, because you have to get a majority of people to support a change, before it can be implemented. We saw this happening with all the previous forks and all the drama that went with that.

In a centralized network with a single authority, the decision for changes can be done much quicker, because the centralized authority is calling all the shots and they force changes onto whomever is using the network. This is why people are moving away from centralized solutions, because these centralized authorities are corruptible. <most of them are>  Roll Eyes

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December 05, 2018, 06:11:45 AM
 #7

another "disadvantage" which may not be a disadvantage forever is the fact that there are no laws about such systems so prosecuting criminal activities is harder. for example if you attack a website (like DDoSing a website) that would be an actual illegal act and you may face prison time. but if you attack a decentralized network like bitcoin's (which had lots of attacks in the past in different forms such as spam attack, DDoS attacks, FUD attacks,...) there is not YET any laws that can prevent these crimes.

for example if JP Morgan CEO went on TV and said Microsoft is a fraudulent company then Microsoft would sue their ass and most probably receive a couple of million dollars from them because of this attack compensating for the damages they caused to their brand and company. but when they did that to bitcoin there was nobody to sue them and they got away with it...

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December 05, 2018, 07:07:00 AM
 #8

The notion that chaos creates order is not always necessarily true, as seen in some recent forks which are shaded by some sort of politics, ending up in a massive shit-show that the community never asked for. At first, decentralization sprouts genuine and cool ideas, but the moment crypto rakes in a lot of money in the hands of the holders, it is then tainted with greed and politics with only profit in mind without even thinking of the community that might get affected.

I'm believe in anarchy in some way but not to the extent that chaos only breeds chaos.




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December 05, 2018, 07:11:50 AM
 #9

For me decentralized systems are more expensive to implement and more energy-consuming.
Those are the major disadvantages.I don't think that forks/splits are a disadvantage.The people,that have different views about how the desentralized system should evolve and improve just have the freedom to leave.This is not a flaw.

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December 05, 2018, 07:24:03 AM
 #10

In economic terms, the disadvantage of a decentralized system is the increased transaction costs. See: https://en.wikipedia.org/wiki/Theory_of_the_firm and https://en.wikipedia.org/wiki/Ronald_Coase

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December 05, 2018, 07:58:14 AM
 #11

A lack or regulation is good for some, but for business investors they need a legal framework in order to trade. Decentralisation also makes it hard to get help if there is no one controlling it

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December 05, 2018, 08:06:41 AM
 #12

it is worth mentioning that any system in this world will have both advantages and disadvantages at the same time. you will never find anything that is only positive and has no negative side.
when it comes to bitcoin and its decentralization, the advantages are dominant over disadvantages which is why it is a big deal.

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December 05, 2018, 09:23:27 AM
 #13

Decentralized System's biggest Disadvantage is to allow some illegal transactions to continue in the dark corner, because Decentralized System excludes regulation, and we all know that anything that is out of regulation will be used by the bad guys.

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December 05, 2018, 12:39:53 PM
 #14

People already mentioned decision-making, lawsuits and transaction fees as the main disadvantages. I agree with the first two, but I am not sure about the third one, because transaction fees for high sums are definitely cheaper than with any fiat if you use bitcoin. Transaction speed - now, that's kind of a disadvantage, but of blockchain, rather than any decentralized system (DAG is a good counterexample. In theory, at least). However, if we compare the speed with swift transfers, then blockchain is faster. What I think is a disadvantage is lack of responsibility. If people lose their money due to some bugs in the technology, nobody is really responsible for refunds. And I don't think this kind of problem can be solved, but I guess it's something we can live with.

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December 05, 2018, 01:12:33 PM
 #15

disadvantages:
1. people:
when people think a network is decentralised, they get stuck in the mindset that even if centralisation happens and the rest of the network is just distributed. they still think its 'decentralised'. which then makes it harder to actually redecentralise the network because the central power will just force the decentralists off the network, using the distributed sheep that dont realise they are following centralisation.
(distributed and decentralised are two different things)

2. organisation:
when a centralised group forms or a attack occurs.. trying to convince distributed people which is the right or wrong path, action to follow is not straight forward. a well paid development group with $100m to throw around and code things that bypass individual voting/revokes individual decentralised 'vote' power. leaving the network as 'distributed' not decentralised.

3. excuses:
anyone coding new rules can use the 'decentralised' argument as an excuse to ignore communities needs and say even when there is a consensus of the community, that the developers dont need to follow the consensus because of whatever excuse they can find that consensus is wrong and they are right. thus bypassing consensus to get what the developers want as new rules rather than the communities compromises and commitments to get to a fair majority consensus, by which time the community are just left as distributed compatibility non voters or thrown off the network when people oppose centralist decisions.

basically if decentralisation gets diluted too much it then becomes easy to over power the 'individual' to then centralise the network

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December 05, 2018, 01:58:30 PM
Last edit: December 05, 2018, 02:12:01 PM by franky1
 #16

transaction fees for high sums are definitely cheaper

^
is like saying: "it seems high fee's are ok because the rich dont mind them"

that there is the mindset of excusing the issue because it favours the rich of developed countries.
think about the 5 billion people NOT in the rich/developed countries

then you might understand.
though i personally am a white brit. i can see the impact fe's have on multiple countries because i actually went and visited countries. when thinking of decentralisation its best to think about others. not just a typical rich wall street american

imagine a country where 25cents/pence was 5 hours labour for a dozen countries
saying 25cents is acceptable is ruling out the desires of a dozen countries
saying $1 is cheap is ruling out several dozen countries desires

if the rich want to pay more because its still cheaper than other methods. then they should pay more

EG bring back a fee priority mechanism
fee =
total sats=(bytes + (total input value/1000))*(144 - confirms of inputs)

this formula would make it so that
1. if someone was to spam the network everyblock(1confirm resend) they pay 143 times more than someone that only spends once a day.
2. those that send more, pay more.. they can all afford 0.1%
3. if someone had a bloated tx of 2.5kb vs someone with only 250bytes the bloater pays 10x more for the 10x space they consume

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December 05, 2018, 06:02:16 PM
 #17

We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?




Currently, the main disadvantages of decentralized systems are low transaction throughput and poor scalability. These problems inhibit the development of decentralized systems.

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December 05, 2018, 06:15:45 PM
 #18

Currently, the main disadvantages of decentralized systems are low transaction throughput and poor scalability. These problems inhibit the development of decentralized systems.

that is not a problem of decentralisation. that is a problem of a centralised group deciding not to change the code that has put limits in to prevent scaling.

blockchains can scale if you alter the limits imposed

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December 05, 2018, 06:27:17 PM
 #19

Everything in this world has their own advantage and disadvantages.
The bad side of this might be from the government and they have no control on it.
That is why until now BTC can't have the ETF it wants from many government.

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December 05, 2018, 07:25:34 PM
 #20

We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?

The redundancy required to make Bitcoin decentralized also makes it quite inefficient when compared to centralized databases. Many distributed nodes need to propagate and store the same data. This entails large bandwidth and storage costs for each node, which wouldn't be necessary in a centralized system.

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