Are we not abusing decentralization?

[zee11225]

For me we are not abusing the decentralization technology rather we are maximizing the benefits and advantage it may bring to us and until now massive development are being introduced to public. In due time decentralized technology will play a major rule in more advance technology.

For us decentralization is one way to overcome the problems that are often related to policies relating to the center, especially servers that are often hacked so that it is easy to misuse.
Decentralization is more supportive for jobs connected to the internet because servers are on many computers, making it difficult to be corrupted or manipulated.

[Halmater]

Even though a decentralzed system may not work ideally, it has a potential to work in a better manner when compared to a centralized system. It may take years to complete the restoration work of the decentralized system and to perfect it. It is very unlikely that we will have a problem if we observe our precautionary measures during this period.

[Abiky]

Even though a decentralzed system may not work ideally, it has a potential to work in a better manner when compared to a centralized system. It may take years to complete the restoration work of the decentralized system and to perfect it. It is very unlikely that we will have a problem if we observe our precautionary measures during this period.

Good point. Decentralization is often a term which is relatively new, and not as perfect as the traditional centralization many people have been accustomed to for a long time. It takes time for people to adapt to this new system where the middleman or third party is removed from the scenario. While it's true that the risks associated with decentralized systems are higher than those from centralized systems, it's still the best way to achieve liberty and freedom. People just need to be responsible in every way to prevent many undesired situations from occuring.

It's not about abusing decentralization, but rather having a misconception about it. With proper education, it's believe that people would make better use of decentralized cryptocurrencies like Bitcoin and Ethereum to make the world a better place. Hence, with decentralization comes great responsibility that one needs to have in mind since there's no central governing authority. Just my opinion

[Janation]

Why it said that because of the decentralization people scammed? No its not. People got scammed because of their own neglects to their wallets where their crypto currencies stores. Because for me, because of the decentralization wherein anonymity integrates makes our crypto currencies in a much secure state.

It is true that people are not scammed because of decentralization.

Decentralization is not made so that people can have their financial freedom, they spend whatever they want as long as they have the money and as long as they are not doing illegal in their country. The problem is that there are people that are using or taking advantage of these to earn money out of people that are also wanting to earn a profit, in other words, they are scamming other people. And then they are blaming Bitcoin, which is not even Bitcoin's plan since it is just crypto but the plan of the individual or group so they can get money out of other people.

[Abiky]

It is true that people are not scammed because of decentralization.

Decentralization is not made so that people can have their financial freedom, they spend whatever they want as long as they have the money and as long as they are not doing illegal in their country. The problem is that there are people that are using or taking advantage of these to earn money out of people that are also wanting to earn a profit, in other words, they are scamming other people. And then they are blaming Bitcoin, which is not even Bitcoin's plan since it is just crypto but the plan of the individual or group so they can get money out of other people.

Completely agree with you mate. I believe that Decentralization is misused among people within the mainstream world. It brings a whole new level of freedom and liberty, but at the same time some risks which are hard to take by any average person. While scammers exist both in the centralized and decentralized realms, they appear to have a much easier life within the decentralized world. This is largely because, of the open nature of it in contrast to centralized systems.

As such, people easily fall for scams widely, because in crypto land it's still the wild west. There's no centralized, governing authority responsible of regulating such systems. But, with due diligence and proper responsibility, one could avoid falling for scams and hacks altogether. It all comes down to a specific individual whenever he/she uses decentralized systems in a correct manner or all the way around it.

Therefore, decentralization has its benefits, but it comes with a cost which one needs to have in mind before making use of it. Just my thoughts

[Fundamentals Of]

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.

That is what is actually happening right now. We simply cannot be following all our whims and ideals. That cannot be possible. Either we will be regulated or we would be going down the road of anarchy and disorder where everything might be considered allowed. That is not a good way to live in this world. That is the very reason why governments exist and why there are certain laws and policies everywhere. People cannot simply be left on their own totally free. Cryptocurrency will have to be regulated. That is gradually taking place right now.

[shesheboy]

Why it said that because of the decentralization people scammed? No its not. People got scammed because of their own neglects to their wallets where their crypto currencies stores. Because for me, because of the decentralization wherein anonymity integrates makes our crypto currencies in a much secure state.

It is true that people are not scammed because of decentralization.

Decentralization is not made so that people can have their financial freedom, they spend whatever they want as long as they have the money and as long as they are not doing illegal in their country. The problem is that there are people that are using or taking advantage of these to earn money out of people that are also wanting to earn a profit, in other words, they are scamming other people. And then they are blaming Bitcoin, which is not even Bitcoin's plan since it is just crypto but the plan of the individual or group so they can get money out of other people.

No one would got scammed if people will only be wise and knowledgeable but the problem is also the people because they already knew that a project is a scam but they still insist to continue  . idk the exact reason on why they are doing it  and yes if they already got scammed they will only blamed bitcoin  . this why bitcoin will get a bad reputation . 

@op this serve's as an aswer to your question  .  yes people do really abuse the decentralize power of cryptos as  much as fiats  . soon as the adoption grows , the abusers also grow's  .  so watch out

[Caladonian]

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.

That is what is actually happening right now. We simply cannot be following all our whims and ideals. That cannot be possible. Either we will be regulated or we would be going down the road of anarchy and disorder where everything might be considered allowed. That is not a good way to live in this world. That is the very reason why governments exist and why there are certain laws and policies everywhere. People cannot simply be left on their own totally free. Cryptocurrency will have to be regulated. That is gradually taking place right now.

The real essence has been abused because of people miss using the chain, there's no control between human natures, greed kills everything as people around will enjoy taking advantage from others lack of knowledge, if only the real intentions has been used well, we all should enjoyed the benefits of having this sidechain around.

[r1a2y3m4]

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.

I don't think that it is on everybody's fault for you to blame if somebody losses a money in cryptocurrency. We have decentralized exchanges and wallets, but this thing is in our fault when we lose money. It's because we are the controller of our private keys on our wallet and on our exchange.

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.

Anonimity is the best thing why people are thriving in cryptocurrency. They are anonymous in terms of buying and selling coins, they are gambling anonymously without letters for them to enter a casino. But the thing that is of a concern to all of us are the hackers. Have you ever heard of a hacked exchange? Those people abuse is hard to stop since we need to fight fire with fire.

[Pattart]

For me we are not abusing the decentralization technology rather we are maximizing the benefits and advantage it may bring to us and until now massive development are being introduced to public. In due time decentralized technology will play a major rule in more advance technology.

Thats true, is that a function of decentralization itself, giving anyone the freedom to use it for any purpose.
decentralization provides absolute freedom for all people to carry out their personal transactions, we don't abuse it dude

[GreatArkansas]

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.

Some people taking advantage of being decentralization of Bitcoin, some are using bitcoin for their scam or fraud doings, some are also on their Ponzi Schemes. But, there's also huge abuse for decentralization now, that is the Exchange Traded Funds (ETF), but there's also a good side of ETF, it can help Bitcoin to be more famous, but it has also a bad effect on being decentralization of Bitcoin. Read more about ETF here: https://blockonomi.com/bitcoin-etf/

[Annalise24]

The other day ,it was discovered that a politician in my country has been laundering funds using bitcoin because of the anonymous structure of the blockchain.
Regulation is very good but how possible is that since the blockchain is Decentralized and there will be no way of gaining control in order to regulate it's activities.

[Dingdongjl]

Your money, your decision. No one can control you to do whatever you want to do with it, of course theres always an abuse because of people's greed but always remember that "there will be no scammer if there is no people to scam" this thing can happen when all people are careful on their transactions.

Also, think that how every government's abuse us without any of our control because there is no decentralization.

[Ezenwanyi]

You are right.
Some bad people amongst us are taking advantage of the decentralized nature of blockchain to perpetrate fraud and scam others here.
I really wish there is a way of effectively regulating the cryptosphere ,so at to mitigate this incidences.

[teejayrichard2]

Satoahi had a great dream / idea of giving the world a decentralized way of doing virtually everything but then like every good thing on earth, there are always challenges and people who think of ways to turn good to bad. The crypto world is currently filled with people whose sole purppse is to scam and steal the hard earn money of those who desire a decentralized system fully supporting blockchain and cryptocurrency. But then we won't pull out of the great journey we have all started with satoshi, good will always prevail at the end no matter what. Decentralization has come to stay and stay it will. But then we should all be very careful out their in the crypto world especially with sensitive details which could lead to us loosing our funds. God help us all.

[AjithBtc]

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.

Some people taking advantage of being decentralization of Bitcoin, some are using bitcoin for their scam or fraud doings, some are also on their Ponzi Schemes. But, there's also huge abuse for decentralization now, that is the Exchange Traded Funds (ETF), but there's also a good side of ETF, it can help Bitcoin to be more famous, but it has also a bad effect on being decentralization of Bitcoin. Read more about ETF here: https://blockonomi.com/bitcoin-etf/

Abuse of decentralization is happening around with the use of cryptocurrencies. This is purely on individuals mentality. Not everyone use it for crime or on illegal needs. Not only with bitcoin or other cryptocurrencies, with each and everything there is good and the bad. In my view the percentage of people using decentralization for the bad is very small compared to the rest of the users.

[Crypto24hrs]

In fiat currency it is called "yahoo yahoo and 419", while in Digital currency it is called "scam and hackers" so the problem of loosing fund is everywhere it is not the problem of centralization or decentralization, i strongly believe that with time there will be a better way of protecting our wallet and that will put a lasting end to the incessant problem of hacking and scamming.

[Huntler1993]

Well change is always welcomed so far as its to reinforce and do away with many negatives going on currently, but many are in the the digital world due to the decentralization and anonymity  which when breached could affect cryptocurrency at large. And also  where will be the central focus.

[Oceat]

If you think about it thoroughly the government does abuse us already more than what you think you know before with their centralized system that will tend us to follow because if not we will have nowhere to go. It's not bad to have a change slowly in the entire system, they may have seen cryptocurrency as a threat to them that's why they have to make a way to make people believe that it is a fraud but eventually people will follow the majority of the decisions.

[logicgate]

For me we are not abusing the decentralization technology rather we are maximizing the benefits and advantage it may bring to us and until now massive development are being introduced to public. In due time decentralized technology will play a major rule in more advance technology.

Thats true, is that a function of decentralization itself, giving anyone the freedom to use it for any purpose.
decentralization provides absolute freedom for all people to carry out their personal transactions, we don't abuse it dude

  True, I really love the decentralized system of crypt currency because it is basic benefit of it, if we will use it decentralizing it will increase the worth and importance of it for us, we get the chance of making money, it changes the price and becomes more developed, progress being effective because of price and value change with decentralization of crypto currency.