Decentralized Economy: What is it for?

[FanEagle]

I think what people are missing out on this is that the whole reason decentralized was created was to stop the wealth gap between the rich and the poor. Everyone thinks it is because one centralized authority should not control the money but that is not exactly the reason.

If there was an authority we could trust that would allow the poor to have the same rights and possibilities as the rich while rich would pay a decent tax that would go directly to good causes like building schools and hospitals and funding medicine researches that would eventually be free etc then we wouldn't need decentralized economy. But, since humans are faulty most of the time and we can never trust any one person, decentralized makes sure that is covered by nobody and could be traced and tracked into whats going on with money as well.

[Natalim]

yes I think it was made to make the economy run alone without anyone managing it, but this is still difficult to do because many are opposed by various parties, but I think this system is starting to run slowly, and now it might be facing a big problem, because new this president trump announced he didn't like digital currency or anything like that,of course this makes pros and cons.

the state has the power to regulate its people. if the economic decentralization system, the state cannot control it, it will certainly be a problem for the government. but I think because there is no policy that can overcome it, then this seems difficult to implement

The government has all the right to regulate whatever technology that could be make people at risk, though crypto aims to promote improvement to the financial world but the risk is till here since that involves money, people buy crypto to use it, either they invest or just buy purely for online transaction.
They can regulate this even if we have to say it's hard, because they are the government would can control everything for the benefit of the people they are governing.

[imstillthebest]

A decentralized economy will end up damaging the economy completely if allowed,

lol why are you saying those things ? you are here on crypto  forum and you are using a crypto  and cryptos and blockchain are decentralized right ? and being decentralized offers some benefits that you cant see on a centralized system  .

dex wont damage the economy but it will rather improve the economy .  but i dont think that a certain country can totally become decentralize and will only depend on cryptos as thier primary medium because that is hard and seems impossible to happen  .

[vintages]

decentralized economy is something that supports its community providing alternative solutions to nowadays financial system. It is agains all traditional financial systems and also against nowadays banking systems.

This bolded part of your quote is why I think that decentralized economy can never be a thing. Especially when the government wants to still be in control of majority of it state transaction, funds and economy. They benefit from serving as a middleman between the people and their funds.

Yet, it is inevitable. If the blockchain technology would be used in governing in the nearest future, we could see a partway to a decentralized economy.

[Oilacris]

decentralized economy is something that supports its community providing alternative solutions to nowadays financial system. It is agains all traditional financial systems and also against nowadays banking systems.

This bolded part of your quote is why I think that decentralized economy can never be a thing. Especially when the government wants to still be in control of majority of it state transaction, funds and economy. They benefit from serving as a middleman between the people and their funds.

Yet, it is inevitable. If the blockchain technology would be used in governing in the nearest future, we could see a partway to a decentralized economy.

Not at all and I do hardly believe for it to be implied nor adopted fully.Decentralized Economy? It wont really come

to that point as being said government do loves all to be controlled and talking about decentralization is really opposing on what
they do want.

[Nhebu]

I think this will be more beneficial for democratic government. Wherein the power comes from the people. Centralized systems have been around for so long and are so pervasive throughout each of our lives, it’s hard to imagine there is any other way that anything could be organized, or if it could be organized differently, that it could somehow be better than centralization.It turns out that God also created decentralized systems. Decentralized systems are vastly more innovative than centralized systems, consider the ecosystems in Nature as primary examples. Decentralized systems leave assets and control with the individuals/organisms (rather than controlled by a centralized authority). However, decentralized systems have historically been too costly and complex to operate in scale within the context of human civilization…. until now.

[MonsterV]

It is a possibility, but we all know there is a body that will not allow this.

The government always want anything in control and that is the same with the economy. For me though, it is true that we might be leading there since there are a lot of platforms and countries that accept Bitcoin as a payment. But the age of the Internet, I think will go first before that where the internet is always what we need and what we importantly need to live our lives to the fullest.

If other countries have managed to create a decentralized economy through the use of virtual currencies,then it's very possible too that it would also happen to some other countries.But i think this would really take time to make it happen because surely the government itself won't allow to have a decentralized economy because they won't have the sole control of their people.

Not all countries, I think this will be difficult because every country has different regulations, especially countries in the Arab world, they will certainly reject it violently because it is contrary to their teachings. With a decentralized economy, it means that the government cannot regulate the economy of its people, and of course this also contradicts any government system.

I myself do not expect that the economy is fully decentralized, I just hope the two economic systems can go hand in hand. So that it has benefits from both sides.

[davinchi]

No, the aim is to make sure everyone has the same rights and same possibilities in economy. Just because rich people bribe the politicians they get to do some bad moves and fail time to time but not get affected whereas a poor person can make one bad financial decision and they could cripple their own economy for years.

Human life is at most 100 years and most of us will die at around 70-80 (some live less some live more) and we started to make our own money after college most of the time (some people start working earlier) and that means we have like 50 years to actually do something about money and if we do just one mistake that cuts short to 30-40 years whereas already wealthy people can make mistakes in billions and they still get bailed out by the governments they bribed.

[South Park]

The government has all the right to regulate whatever technology that could be make people at risk, though crypto aims to promote improvement to the financial world but the risk is till here since that involves money, people buy crypto to use it, either they invest or just buy purely for online transaction.
They can regulate this even if we have to say it's hard, because they are the government would can control everything for the benefit of the people they are governing.

That is the theory but that is not how it works in practice, as soon as a person gets in power his first reaction is to try to do anything to remain in power, so instead of taking the best course of action that will benefit the people the most he takes the path that benefits him personally and his group of friends, if they really did what you say then we will not need crypto at all, but the rising popularity of bitcoin tells me that people are slowly waking up to the fact that most governments do not have their best interests in mind.

[Wolfwar]

If there are people in the government who came to do government work thanks to the will of the people, then no official will interfere with the legalization of cryptocurrency in his country.  No official will be able to use bans on cryptocurrency or control of cryptocurrency for personal conclusions.  Only in such a state will there be very good rules for a cryptocurrency market.

[fiulpro]

Centralized economy is corrupted , framed,makes rich richer and Poors poorer , often function slowly and sometimes makes people do things without their will, freedom is limited, money is government's not really ours , old, needs change etc..
There are many things that we need to change in this centralized system, decentralized one is not replacing it , it's aiding it .
We need it to foresee some of the major drawbacks of centralized economy.

[1Referee]

Centralized economy is corrupted , framed,makes rich richer and Poors poorer ,

It doesn't matter what type of economy (e.g. centralized / decentralized) we are participating in. It's still up to the people to actually benefit from certain opportunities, which if they aren't capable of doing it in the centralized economy, chances are they won't be able to do so in the decentralized economy. In other words, the poor will still be poor and the rich will continue to get richer.

People think decentralization will solve all or most problems, but that's just wishful thinking. People here talk about decentralization as if they want it so badly, but they don't even know what it actually means, and with a high degree of certainty haven't even tried to use a decentralized exchange or market place instead of a centralized one.

[Ozero]

A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.

In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself.

[Janation]

A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.

In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself.

That is like democracy, people are choosing who will lead but in reality, someone is controlling who the people will vote.

Decentralization economy is impossible in the past, that is certain. Government might accept, might legalize cryptocurrencies in countries, in other places but I don't think it will be mainstream. Bitcoin and others will continue what it is today and will never attain something higher like fiats.

[leavolnhals]

From what I see about the benefits as well as the harms it has, it is a place that can bring wealth in a short period of time and has great liquidity (money laundering activity).
The deflation mechanism of Bitcoin and some other alts has created a potential market to help people fight the inflation of fiat money.

[darklus123]

I think freelancing is the very good example of what we called decentralized Economy. And internet as the biggest tool while Cryptocurrency as it's main weapon.  To answer your question yes we are indeed heading to that certain point in this era.

Tho, It isn't for all the good thing about it is that people can now choose to either they stay being under observation by the government or to follow this new path.

[deisik]

A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.

In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself

The phrase itself ("decentralized economy") is rather vague and may mean a myriad of different things

So there can be plenty of useless and meaningless argument just because people have not agreed on "naming conventions" beforehand. But still, as far as economic matters are concerned, these can be quite decentralized. Truth be told, you can well consider them chaotic on the level of households and other single economic agents, even though you can definitely trace certain patterns when you move higher to the level of national economy as such (the inference being that there are some laws at work here)

In this way, unless we are talking about North Korea and their likes (I know there are no likes, though Venezuela comes pretty damn close), most economies in today's world are already decentralized (read, internally chaotic) where the amount of government intervention is kept to a possible minimum. But this minimum differs from country to country, of course, from a laissez-faire type of economy (Switzerland and many other European countries) to a more regulated kind (Russia and China come to mind instantaneously)

[RealMalatesta]

I think this way the world would have been a lot safer for the people who are not in power as well, people think that only the rich lives a good life but the path to richness comes from power and vice versa so when a family gets to a level of richness it takes a lot to really drop them from the rich level hence you have to actually become rich and powerful which would result with you doing whatever you want, at a certain level you are even above the law.

If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.

[Bitcoin Seller]

I think this way the world would have been a lot safer for the people who are not in power as well, people think that only the rich lives a good life but the path to richness comes from power and vice versa so when a family gets to a level of richness it takes a lot to really drop them from the rich level hence you have to actually become rich and powerful which would result with you doing whatever you want, at a certain level you are even above the law.

If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.

Decentralized economics can be our future. It will receive as much money as it needs at the moment for development, and not from a single emission center, but from many such centers. The owners of the emission centers of the new financial system will be active people - project leaders and the investor community - supporters of the project.
These people are involved in the process of creation and wish not only to increase capital but also want to make something new, to improve this world.

[TIDOVEE]

So far, the world economy is not decentralized. Each nation controls the part of there economy, but for the American dollars that has been like a measure for many countries. And this is why crypto currency has come to emphasize on decentralization, considering the disadvantages of the economy status quo and trying to fix and trying to hold on to decentralized mediunm of exchange.