Decentralization or Scalability?

[VanDeinsberg12]

Which is why, I wonder what's the best path for crypto to take? Will it be decentralization or scalability? With an ever-growing demand for crypto, there's the need to scale Blockchain technology to meet with the needs of everyday people. But then, there's the issue of centralization. The more the Blockchain scales, the less decentralized it will be. You'll sacrifice one thing over another. It's nearly impossible to meet with both standards at the same time.

What are your thoughts?

rather than scalability and it's much better to replace it with the utility. scalability doesn't matter a lot these days. The new announcement that comes from the coinfloor to delist all of the altcoin from the market has already proven if scalability means nothing compared with utility. it's so easy to create a scalable blockchain while there is the only coin that already proven its utility and that's bitcoin.
scalability just an old story that used by garbage blockchain that cannot create a utility or usability for its token or coin

Not precisely, remember what made Bitcoin transactions smooth and cheap again in 2017? Segwit? Not really! In that time, with the help of XRP, STR (XLM), ETH, LTC, and other altcoins, Bitcoin was able to solve the problem of too many transactions on its Blockchain. Not only by the Segwit upgraded has solved that issue.

I would disagree with any idea, such as focusing solely on Bitcoin because we want Decentralization, not just decentralizing work on Blockchain. And, it must also include the number of assets put into Cryptocurrency.

However, I can't disagree with you about the currency Altcoin ecosystem is trash at now. :V

No problem. at that time (2017) the bitcoin blockchain gets overloaded caused by massive demand from the market to buy bitcoin, and the tx fees were also jumping you can see this news that released in 2017
https://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12

Ethereum is also getting overloaded at that time.
For crypto in the past, scalability matters a lot, but right now even a single scalable blockchain is enough. The fact that if they lack utility right now and that makes the government contradicting with altcoin or also becomes an opponent to it

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[Kyraishi]

It's really a trade off, isn't it. At least with current technology.

I think that projects like IOTA actually have both aspects pretty down already which is rare, which may contribute to their long term success.

That said though, I'd definitely not sacrifice decentralisation in favour of anything, scalability included. Simply because that's the sole reason anyone would use BTC in the first place.

[Crypto5060]

We can't talk about one and leave out the other. The beauty of crypto is decentralisation and when technologies are becoming faster and less expensive, it's expected that crypto follows same path. If mass adoption is to be thing then crypto must scale.

[Bonwin]

These two are actually very important, but as far as I am concerned, the first on the list will be decentralization, because that is the true essence of cryptocurrency. Scalability is just an addition. Perhaps, it is meant to just add flavour to it and make transactions to be much easier.

[stephanirain]

In crypto land, many people are often looking for ways to make money instead of believing in crypto's core technology (Blockchain) that gives financial freedom to anyone worldwide. Some people prefer decentralization above all else because it provides censorship-resistance against third parties. Others simply prefer scalability over decentralization, to enjoy faster speeds and low costs as much as possible. While many people have criticized Bitcoin because of its high fees and slow TPS, it's more of a feature than a bug as it preserves decentralization in every way.

Which is why, I wonder what's the best path for crypto to take? Will it be decentralization or scalability? With an ever-growing demand for crypto, there's the need to scale Blockchain technology to meet with the needs of everyday people. But then, there's the issue of centralization. The more the Blockchain scales, the less decentralized it will be. You'll sacrifice one thing over another. It's nearly impossible to meet with both standards at the same time.

What are your thoughts?

Originally, it is both for me. Decentralized systems are key to many sort of transactions that won't require much of the expenses when using third party. Also, the scalability  of this technology helps the society jump to the next step of mankind. Hopefully, these two can be and will be preserve as we enter a new era where cryptocurrencies are not just abundant but also relevant and useful to the society.

[posi]

In crypto land, many people are often looking for ways to make money instead of believing in crypto's core technology (Blockchain) that gives financial freedom to anyone worldwide. Some people prefer decentralization above all else because it provides censorship-resistance against third parties. Others simply prefer scalability over decentralization, to enjoy faster speeds and low costs as much as possible. While many people have criticized Bitcoin because of its high fees and slow TPS, it's more of a feature than a bug as it preserves decentralization in every way.

Which is why, I wonder what's the best path for crypto to take? Will it be decentralization or scalability? With an ever-growing demand for crypto, there's the need to scale Blockchain technology to meet with the needs of everyday people. But then, there's the issue of centralization. The more the Blockchain scales, the less decentralized it will be. You'll sacrifice one thing over another. It's nearly impossible to meet with both standards at the same time.

What are your thoughts?

I choose both (decentralization and scalability) because cryptocurrency need the two features in other to genuinely be the mainstream of payment without the control of the government or third party. However, I believed the OP don't get the point that a project don't have to be centralized before it can be scalable because we already have some crypto which are decentralized and still hold the scalability features in terms of transaction.

[hulla]

We can't talk about one and leave out the other. The beauty of crypto is decentralisation and when technologies are becoming faster and less expensive, it's expected that crypto follows same path. If mass adoption is to be thing then crypto must scale.

I supported what you said because for cryptocurrency to be great in the future and be accepted by billions of people around the world we need it to be decentralized and scalable. However, we already have some crypto that manage the both characteristics and I don't see anything stop a project to implementing both decentralization and scalability into their protocols.

[duuuuude]

That's right, there are two sides of the same coin. I have said more than once that decentralization is the laying of fees for the maintenance of data centers and responsibility for glitches on the shoulders of the users themselves. The blockchain becomes fully controlled when someone reaches 51% of the computing power and that already was.

[Mia44]

Scalability has always been a weakness in the blockchain industry when applied in practice. It relates to whether a blockchain network is capable of providing a high-speed and stable quality experience to users. Users and businesses need to know if they can trust a network anytime, anywhere. So scalability should be a priority.

[oktana]

Probably the path of decentralization. It is gonna be a gamble though. It could either end corruption of some government at some countries due to transparency it provides and that's quite nice to have actually especially Bitcoin or it could worsen it.
I wouldn't want my wallet to be monitored by these authorities. It is my hardwork and I didn't pick it up from somewhere.

I believe bitcoin can still work with both of them with a lot of fixed adjustments.

scalability also has a thicker function for the stage of further adoption of benchmarks to the extent that the effectiveness of the development of the network goes, but there is no definite formula where decentralization will always be eroded by various things involving the government in it, very inevitable.

[mrdeposit]

It's really a trade off, isn't it. At least with current technology.

I think that projects like IOTA actually have both aspects pretty down already which is rare, which may contribute to their long term success.

That said though, I'd definitely not sacrifice decentralisation in favour of anything, scalability included. Simply because that's the sole reason anyone would use BTC in the first place.

Right, if we have to choose one of the two options, why this should not be our freedom? There are hundreds of assets available to scale. But, decentralized cryptocurrencies can survive through our support, and if we do not evaluate it, we may never have a chance like this again. And do not consider this evaluation as a trade, it means decentralized freedom.

[kageyama028]

It seems like Decentralization is favored. Probably because we are at a website called bitcointalk. But I agree in most of them that decentralization must not be used a tradeoff for scalability.

[fullhdpixel]

Nah, a lot of people have a love for Bitcoin and the technology behind it, but nobody is ready to take the risk of losing their money. If Bitcoin was stable, then people wouldn't be looking at making money with it but would be more focused on using the technology.

Another question is - if Bitcoin was stable, how many people will be ready to make use of it? Maybe if it wasn't volatile as it is today a lot of people wouldn't have been interested and it would have just died off like that. If you check the story of those that started Bitcoin at the very first, they got into it because they saw it as an investment and not really as a payment method. Whatever you choose to see it as is up to you.

[Abiky]

I think that answer is clear. Decentralization!
If you want high scalability use MasterCard or Visa, if you want decentralization use Bitcoin. It is technical problem that decentralization is connected to low scalability because the information about payment has to be send among many nodes. 

Most of us, veterans in the crypto space, would prefer Decentralization on top of Scalability for a very good reason. In a world where powerful governments and central banks control the financial system, it's best to rely on an alternative that can withstand any situation in the future. Bitcoin's ever-growing Blockchain network has reached a level of censorship-resistance far beyond reach. If it scales to massive TPS, I'm afraid that it will lose its luster over time as the risk of centralization increases over time. Take a good look at Bitcoin Cash and Bitcoin SV which are marketed as "better versions of Bitcoin", yet they're controlled by a few players in the mainstream world. Decentralization its what it's all about ever since Bitcoin was introduced to the world by Satoshi Nakamoto.

If people want faster transactions, their best bet would be to use a traditional payment processor like Visa, MasterCard, or even PayPal. Blockchain technology was not meant to scale indefinitely, as it would turn itself into a "centralized database" than anything else. Most people don't understand this, as they just want convenience above all else. They're also in it for the money instead of the core technology that helps democratize finance. In the end, scalability might win on top of decentralization because of human greed. Mainstream companies and startups will pressure developers in order to improve the coin's underlying Blockchain network's scalability. As long as there is money involved, you cannot expect to enjoy a decentralized financial system that puts the user first instead of said entities. Just my opinion

[joshua123]

I cant seem to think to segregate one of these cause both are important when it comes to blockchain. I like decentralization of course, once we are preoccupied by centralized system this so call crypto will be another internet of things now which Im afraid is going to happen soon. Scalability on the othet hand is also important but we must priority decentralization to further strengthen the sole purpose of blockchain.

[Eugenar]

To choose between the two option, both could possibly a good idea depending on what particular option for scalability could be consided. Because even with the low transactions per blocks, what matters the most is that the bitcoin could still reach its destination and at the same time, without the need of any thirdparty to handle the transactions. But the only problem I could see in here is the use of more power to process more blocks because of the bitcoin scalability problems.

[naikturun]

yes it is true that if you want to send quickly of course you will take centralization but if you want freedom without attachment to other parties you will take decentralization.
so it might be balanced for a long time, or it will continue to exist and coexist, centralized and decentralized

[adjed]

The main fundamental of Blockchain technology is decentralisation and when a blockchain is not decentralised, then it is not a blockchain at all, we should not compromise on this issue at all because we know that Blockchain technology is still in it's early stage and there is still room for improvement, eventually there would be a Blockchain that would be scalable without having to sacrifice the very core of blockchain technology.

[bitvalak]

The more here decentralization becomes blurred, all competing to improve scalability with the aim of making efficient. But the thing that was sacrificed was decentralization.
I prefer decentralization even with a large transaction fee because it can make bitcoin and blockchain last long for the welfare of anyone who uses it.

[confreslamp]

I believe in decentralisation and think we should stick to it. Sooner or later, a decentralised model is going to change the world, the only thing we need to do is to wait for further steps towards the mass adoption not only for crypto, but for decentralisation as well.