Are we not abusing decentralization?

[ETHICKNINE]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

You can say that we are abusing the decentralization and that is because there are some greedy people among us who just seek profits for them and nothing good for the world of bitcoin or crypto which has become common but there is a majority of individuals who wants to see a world runs in a decentralized manner to give the proper freedom that we deserve so Satoshi's intention wont waste in vain with bitcoin and that can be guaranteed 

[dothebeats]

I don't think we are 'abusing' decentralization and anonymity, it's just that there are some gullible people who fall into such traps that often leads to scams and empty wallets. Bitcoin might have been used as a medium for money laundering and other illegal stuff, but it still fulfills its purpose to become a tool to help people get financial freedom. In any society you'll go, for as long as there is this thing called 'money' and 'currency,' expect that there'd be people exploiting some loopholes and abusing the system just so they can get the money out of other people's hands.

[izanagi narukami]

When we are on internet, everything is on the risk.
Why ?
Because it's hackable no matter how secure you are ! As it's proven by some exchange hacked incident.
They said that SHA 256 become their security and it's take a long long time to crack down but the fact said otherwise !

[BrewMaster]

unfortunately you, like many others, has fallen for the common misunderstanding that the government regulations are a solution to everything such as scammers and it can eliminate them but if you actually check out what all the regulations already in place have been all about you can see that their focus is only on things such as money laundering, illegal activities like dark market, terrorism funding, and most important of all tax evasion. they do not even focus on busting the scammers .
so no, in this case decentralization is the problem.

[kryptqnick]

Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry.

I don't think scamming has anything to do with decentralization. In fact, it's much easier for a centralized entity to scam its users. Anonymity makes is problematic to identify the scammers, but decentralization doesn't have anything to do with it.
As for regulations, a lot of countries have already imposed some. Crypto exchanges often have to keep record of transactions, identify their customers, report to the authorities, prevent suspicious activity etc. I think it is justified when we are talking about big amounts of money (thousands of dollars, at least), but not when people want to spend a couple of hundreds and must make all those photos to pass the KYC procedure.

[deisik]

I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Then what is the point of "decentralization" if regulation exist? We might as well use existing system/technology.

Regulations are not born equal

It is one thing to regulate Bitcoin directly (like forcing you to report every transaction you make) and a different thing to regulate only some areas which Bitcoin inevitably touches, for example, taxation of profits obtained via cryptocurrency operations. And even within these areas the level of regulation can be markedly different. For example, you may have to pay taxes only on your Bitcoin stash if you kept it for less than a year, so if you sell it after that period of time, your income would be tax exempt and you may not have to report it at all

[Shenzou]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Well unfortunately nothing is perfect and with every system that has been created by man there will be people who abuse it, i mean it is true that people may have their crypto stolen but at least we know who stole it, not the actual person but the address that the money was transferd to, meaning that address could be blacklisted and the stolen money will never be spent, just like what happend with the Japanese exchange, and to be honost people get their crypto stolen due to the fact that they lack sense of security.

[tenakha]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

For decentralization other systems should work as it. So Bitcoin cannot gain value on its own, we make it valuable and we evaluate it with central money. There are also decentralized exchanges that are useful today, but when you use them, nevertheless, the end point is "central money". So, we need to keep it on its own network to keep it decentralized.

[sehoon]

No, we are not. Because ever since we started doing things that are related to cryptocurrency, it is already decentralized. And for me, because it is decentralized it gives us an advantage in order for us to become more secure.

[Wildwest]

maybe yes but not all, and in my opinion it is perfectly natural because in any technology, whether centralized or decentralized, there must be a lot of abuse too. It could be that if this happens then bitcoin will be destroyed by its own decentralization system because people already don't believe it

[coinwizard_]

There will always be criminals in anything to do with financial gain. Even charity boxes in stores get stolen in front of CCTV cameras. Decentralisation is the dream, and despite what these scammers do we will decentralise the economies for the good of the people

[davis196]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Decentralization isn't a guarantee against small scams.It's a guarantee that the big operating "center" won't (in one way or another) steal your coins and scam you.We can't stop human greed.This is what actually drives the crypto prices up and forces the crypto adoption.

[Viceroy]

We should be careful here. Following a dream of one person is very similar to political regimes when
people were told lies and convinced it's all for better while that one or a small group of ones had all the profit.

[xuan87]

Not all of us are abusing decentralization, but it's such a shame some of the people used it for bad things, it had caused a lot of damaged reputation for crypto, the dream of Satoshi was to make the transactions become easier,but some  people used the features for their greed and because of this many people often got negative thought for crypto

[metalglowd]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

unfortunately things like this must also happen unexpectedly, before no one would think that the price of bitcoin would be so high, people are easily fooled by things that can bring profit easily, then this weakness is used by certain people. And i think the regulation also still can't give any solution about this matter.

[deisik]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Decentralization isn't a guarantee against small scams.It's a guarantee that the big operating "center" won't (in one way or another) steal your coins and scam you.We can't stop human greed.This is what actually drives the crypto prices up and forces the crypto adoption

I'm not sure about greed here

And I'm not sure about the rising crypto prices forcing adoption either. We saw prices rising for over two years (since September 2015 through December 2017, to be exact), and how much did that "enforce" adoption really? If you ask me (and not just me), this led only to higher levels of speculation and outright profiteering

Indeed, there was a lot of buzz and noise about crypto but did it actually contribute to real use of cryptocurrencies (like a medium of exchange, for example). I suspect that not much. Otherwise, we should now be in a totally different position but we are as we essentially were 2015, if not further from mass adoption than back then

[aioc]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Because of what is happening now, I am more inclined to think that we now need regulation, we cannot go on like this for the whole year or no project however good as it may seems to succeed, I thought rating sites can help us but we are all wrong, we need some form of restrictions now.

[basty03]

Decentralization is one thing I love in crypto but sadly many scammer person are abuse this kind of platform. But I think in any kind of platform abuser is still there even there some regulation. That's we need to be vigilant and always careful to what we do in crypto.

[Eildosa]

Unfortunately, this is the other side of the coin. Where there is no regulation sooner or later there are scammers. What can I say, if they are even in centralized systems. We knew what we were doing and we should protect yourself the from fraud. If you want regulation and are not able to cope with scams, then you have chosen the wrong direction.

[BurgerCash]

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

You can't explore new territories without suffering a few consequences here and there. Decentralization is the territory of 100% personal responsibility - so if you're careless enough to give your private key to strangers your neighbours won't be forced to bail you off.
If you don't like it - you can leave crypto. It's not fun, I agree, but it's a price that has to be paid.