Decentralized Economy: What is it for?

[CryptoBry]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

[timerland]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required.

In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth.

[davis196]

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).

[kryptqnick]

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

I hope we are not. The decentralized economy as a part of the centralized one does not sound good to me. I think we are slowly heading towards decentralized money that the government has no control of. However, the government can stay to offer insurances, perhaps some futures contracts as well as set the prices on vital products, so that even poor people can afford things like water and bread. If adoption increases, I think volatility will naturally become a smaller problem. Fiat might be there to stay for some time or be replaced by centralized digital currencies, but I think that people will be allowed to use independent currencies as well.

[indrakusumaindra]

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).

Yet i do still think the market still can be manipulate by some parties and rich people will still be in control. I do think it will be hard to make a decentralized economy. Economy still not equal for each country and super power country control all the economy and i do think there is no way to stop them from do it, especially china which is really great country in export.

[XinXan]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required.

In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth.

Even a decentralized currency supply is hard to achieve. Even though cryptos are essentially that, they cannot be 100% decentralized even if we get to a point where people only trade using decentralized exchanges and bitcoin doesn't even need usd or fiat anymore, someone could still control the majority of bitcoins, essentially controlling bitcoin's fate since he can always crash the entire market at any point.

[Findingnemo]

I am not sure that decentralized economy will be possible in my entire life time because we are in the practice of this system for 1000 years or more that currencies were said to be backed up by something.But still there is no clear definition for the people how the money are/were printing.So it will take time and we need it to make the financial freedom for everyone not just for the one who is in authority.

[ttcsalam]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

I think this topic fully clear decentralized economy.you are clearing how controll economy.i heard the news from your topic thanks.

[Bardman]

Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.

[1Referee]

Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.

Why is it not clear? Countries don't specifically have to adjust their taxation rules to crypto and mention the asset by name. It technically doesn't even matter what it is that you buy into and sell, taxation applies whether you like it or not.

People quite often assume that just because crypto isn't legal or mentioned by name that they don't have to pay tax. That's false. It's dangerous as well, because when your government starts to ask your exchange for user information and the exchange hands it over to them, you'll be busted and forced to pay the tax you 'owe' them plus a hefty fine.

Governments haven't been very active on that front in the past, but that will change in the forthcoming years.

[XinXan]

Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.

Why is it not clear? Countries don't specifically have to adjust their taxation rules to crypto and mention the asset by name. It technically doesn't even matter what it is that you buy into and sell, taxation applies whether you like it or not.

People quite often assume that just because crypto isn't legal or mentioned by name that they don't have to pay tax. That's false. It's dangerous as well, because when your government starts to ask your exchange for user information and the exchange hands it over to them, you'll be busted and forced to pay the tax you 'owe' them plus a hefty fine.

Governments haven't been very active on that front in the past, but that will change in the forthcoming years.

Of course you have to pay your taxes but it seems extremely confusing when you have to do it with cryptos, for instance for our signature campaigns, how are we going to prove that we got the money from them and is it even legal to participate in signature campaigns without some sort of contract?

[freedomgo]

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

Yes we are, I am very optimistic on that, but we cannot be fully decentralized since the government still has the power to regulate us.
To make it short, a decentralized economy regulated by the government, sounds better than the current system we are at.

[Genemind]

People are tired of banks and government regulation and decentralized blockchain technology have changed things for the better. We're now free to make our own banks and to manage our assets without lots of conflicts.
However, there are still some parts where cryptocurrency couldn't take full control of because we still need to consider the government at some point.  

[CryptoBry]

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply. The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required. In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth.

I have no choice but to totally agree with your assessment of things here. While we are dreaming of a decentralized economy, we have to accept that we are still living in the real world. The most likely to happen is the co-existence of the the current system we have and that one produced out of the use of the decentralized cryptocurrencies. Well, while there are frictions in between I am seeing that eventually things can be threshed out for good with many compromises along the way (whether we like it not we live in the world where compromises are needed to accomplish changes).

[acroman08]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

We might be. but with the resistance coming from the banks and governments it seems impossible and if it happens
it'll be considered(I might be wrong) as a sub economy and government will probably still enforce their authority over it.

[awik p]

I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:

"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.

Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?

We might be. but with the resistance coming from the banks and governments it seems impossible and if it happens
it'll be considered(I might be wrong) as a sub economy and government will probably still enforce their authority over it.

as a logical view, a country is certainly regulated by the government. and of course the government does not want to lose its control, but as a country that wants progress, it certainly must respect technological developments. and we are waiting for what government policies can mediate between them

[stompix]

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them.

Lols,

Last time I checked Spain, Switzerland and the United States were not in the stone age.

Decentralized economy?
Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy.

When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system.

With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution.
Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain! 

[XinXan]

Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them.

Lols,

Last time I checked Spain, Switzerland and the United States were not in the stone age.

Decentralized economy?
Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy.

When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system.

With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution.
Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain! 

Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left.

[beerlover]

Just like in the name decentralized means it doesn't have a central government body that controls the money and forces the participants to deal with the issues at hand without putting the responsibility in someones hands. I am not saying that is better but it is certainly different.

For example, in the normal fiat world we live in right now the rich people get richer and poor people get poorer, if we do not print more money to give them both what will happen? Poor will eventually have nothing and the rich will have everything and poor will riot or die. That is why they print money and make the economy go forever. In crypto decentralized ways rich are forced to share with the poor otherwise there is no more bitcoins and the poor will pay premium to get it and that will result with bad situation for whales.

[stompix]

In crypto decentralized ways rich are forced to share with the poor otherwise there is no more bitcoins and the poor will pay premium to get it and that will result with bad situation for whales.

Wow, plot twist.
Decentralization means FORCING people!
Who could have imagined this!  /sarcasm

Listen up, all your socialist dreams will never come true, never.
Decentralization and a free economy will always be the opposite of your socialist dreams, those that have coins will be rich the ones that can't afford them will not be and will be left poor. Without taxes there will be no social programs, no social welfare, no nothing, the poor will be hit a thousand times worse than the rich.

~

Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left.

If you're referring to how utopic it is to be ut in place yeah, it's just as communism or socialism. Both failed everywhere because we weren't able to get the real utopian society, or at least those are the excuses their fans blab all over the place.

Now, talking about how it will work it will be more like a libertarian movement but just as the others it will likely turn in a few years in a mad max world.