Centralized or decentralized internet?

[Charles-Tim]

Recently, I read about this exciting news, it is about scammers and also little of decentralized internet the world is looking forward to which will be more robust in efficiency than the present one we are using for now. You can use the link below for more details about this, but I believe the pictures below can point out the scam part.

https://cointelegraph.com/news/you-won-t-believe-the-depths-to-which-crypto-scammers-on-twitter-are-willing-to-sink

Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.

Although, this is a known scam, the person was only trying to study the scammer.

But, there is one part of the news that talks about the way scammere have still tried to penetrate twitter and YouTube, and we all know that not only the two but all social media in general are used by scammers effectively.

Also, I hope we all read recenly about this: 'FinCEN investigation released on Sunday showed several banks were involved in moving more than $2 trillion worth in suspicious funds'. If not, you can use the below links to read about it.

https://markets.businessinsider.com/news/stocks/european-banks-shares-fincen-leaked-docs-money-2020-9-1029605961#
BBC News - FinCEN Files: HSBC moved Ponzi scheme millions despite warning
https://www.bbc.co.uk/news/uk-54225572

Normally, we all know that scams that involved fiats are far more than scams that involve bitcoin and other crypto. Did we actually know that centralization in the world has only failed us, people are scammed and yet the number of scammers have always been on the rise. I do not know why there are no governmental bodies to educate people in a way they will not be scammed rather than only looking for scammers in which their number is always on the rise.

As for me, I will like people to embrace the website 3.0, because normally people are still getting scammed with the so called centralization. What is most important is for people to learn about how to avoid scam, and we want our governments to make amendments and start educating people about scam like this forum is educating us.

What is mostly needed for effectively scam avoidance is education about how to avoid scam which governments are not making moves towards at all.

Do you agree?

[1713967694]

1713967694

[joniboini]

You mean something like what SEC did? I'm not sure where you live but in my case we do have one, though the exposure and their efforts to educate people might not be that great yet.

"Web 3.0" is just another place where people get scammed through other means, and probably more advanced, such as phishing etc (which happens quite often). In short, even if the technology is so advanced but people don't know how to use it, it will probably end up the same.

[Coyster]

I do not know why there are no governmental bodies to educate people in a way they will not be scammed rather than only looking for scammers in which their number is always on the rise.

The government actually does that you know, whenever there's a new modus operandi by scammers, citizens are warned through different platforms by the government, I remember when covid-19 was new, scammers started using that opportunity to scam people, during that span, i received multiple text messages from government organizations warning me of that and telling me the only website or body they have created and is addressing the pandemic, and any other message is that of scammers.

That being said, the reason why you do not notice this efforts is because despite all that people still fall to scammers, but mind you that it's the same scenario with Bitcoin, no matter how much of a warning users get, either through this forum or any other legitimate forum/platforms, many people still get scammed, that's what makes it impossible to protect everyone, no matter the education and awareness created.

[Becky666]

Our respective government had tried in this regard but greed in human doesn't bring forth the positive result from the look of things(though not taking side with the government). Scammers  are smart guys around the internet that could take any available opportunity to exploit others with or without their knowledge(in advance form).

Government efforts are not felt because of the numbers of potential victims caught in the web of the scammers. Though, either centralized or decentralized internet, greediness will always bring close those who won't be inline with the government actions against such. In my dear country, the government has taken upon themselves to educate her citizens against ponzi schemes around the region, the last was forsage ponzi scheme among others, but still yet citizens with their greed are still victims. Conclusively, let educate ourselves because that's far better than one from the government.

[bitsurfer2014]

It doesn't matter if either we have decentralized or centralized internet because scams are inherent on the internet since it always capitalise mostly on people's naivety and only knowledge or education can help us reduce these scam incidents. Imho.

[molsewid]

What is mostly needed for effectively scam avoidance is education about how to avoid scam which governments are not making moves towards at all.
Do you agree?

You are right about the scam avoidance. And I think this is the key to lessen the rate of getting scam by scammers. I don't know if there is part of the government focusses on educating their citizen on how to avoid fraud. But I'm sure if there is part of the government that concentrates on this kind of matter, their effort is not enough to lessen the scam rate.

Government and media focus on avoiding bitcoin than educating us on how to avoid fraud.

[Findingnemo]

Every website or service platforms are centralized so the users should be very careful with their login details. Internet is decentralized but every internet provider can track you unless you are using Tor like browser to hide your identity.

YouTube accounts are hacked so often just because the accounts are associated with gmail so hacker just use a phishing link to get access to the main and the youtube account with so ease.

[Jawhead999]

To be honest you can see many scammers use ponzi scheme trough Precious metal and stock, not only Bitcoin. Greediness and low educated about investment often trapped in ponzi scheme.

Even governments already educated their citizens about ponzi scheme and MLM, not all people will hear nor understand it. And then ended as a victim, it's better to learn and educated yourself.

[stompix]

Normally, we all know that scams that involved fiats are far more than scams that involve bitcoin and other crypto.

Again with the same mantra...There are also a million more people buying food with fiat, a million more buying houses with fiat, a million more buying cars with fiat, and a million more getting paid with fiat, what's the point of comparing it?
There are thousands of twitter account getting hacked, do you know how many accounts are hacked on livernnof? None! Cause I made that site up and it has no users! Wait till you have 7 billion people using crypto daily and then ask how many scams are happening in both systems!

I really can't believe this, you have right in your face a scam involving crypto and you still point the finger at fiat, this is like USSR 2.0



Deal with it!!!

Did we actually know that centralization in the world has only failed us, people are scammed and yet the number of scammers have always been on the rise. I do not know why there are no governmental bodies to educate people in a way they will not be scammed rather than only looking for scammers in which their number is always on the rise.

That's the part of decentralization people are avoiding to discuss.
The fact that in a no man land you're on your own, and the strong will pray on the weak, the cunning on the gullible.
You can't ask for an environment where the goverment has no control or influence but when something bad happens to you run crying to them an ask for help.

[robelneo]

As for me, I will like people to embrace the website 3.0, because normally people are still getting scammed with the so called centralization. What is most important is for people to learn about how to avoid scam, and we want our governments to make amendments and start educating people about scams like this forum is educating us.

What is mostly needed for effectively scam avoidance is education about how to avoid scam which governments are not making moves towards at all.

Do you agree?

Scams are everywhere and it's evolving, every day there's a new scheme and way to scam people by scammers it's an industry already whether we are online and offline it's just easier here online because people are not properly educated on how to look and where to look and how to protect themselves because even big companies cannot protect themselves, it's an endless process for us to educate ourselves and educate other people and support platform like this forum who expose these scam activities.

[CryptopreneurBrainboss]

I think it's high time we realize we can't achieve total decentralization in the world. Bitcoin tried it but to some extent haven't succeeded yet. One way or the other the centralized system alway find their way into the system like through regulations or KYC verification and the fact is, the society of today have made it so easy that things like this becomes normalize.

There's no denying that the centralized system have failed us but you should also know that the decentralized system aren't no save heaven either. We all can see the high rate of scams that were recorded with the ICO hyped back in 2017 and that of DeFi currently ongoing. These are just a small aspect of what decentralized will be bringing to the world yet we can see how negative they have been in regards to scammers stealing millions from investors.

I believe the decentralized internet isn't there to wipe away scammers as that's unlikely to happen instead, it's for the protection of our information, giving us back control over the personal/sensitive details we put online instead of the big company having control over than and selling/using them for their profit. This should be the main point used for argument like this and not scammers been less in one system or the other

[Charles-Tim]

I believe the decentralized internet isn't there to wipe away scammers as that's unlikely to happen instead, it's for the protection of our information, giving us back control over the personal/sensitive details we put online instead of the big company having control over than and selling/using them for their profit. This should be the main point used for argument like this and not scammers been less in one system or the other

Yes, you are right. Even, very possible there will be an increase in the scam rate after the implementation of decentrlaized internet. But, people should understand that nobody may help during scam to safe victims. Government like it or not, decentralization is on the rise, they do need to be only looking for ways to protect people, they should also teach people ways to protect themselves. During my university days, I remember I was taught a lot in General Studies, but educating us about how to avoid scam which will even interest students was not included, even a course to be taught even in lower grade schools. Governments should try to also look for means to educate people that did not go to school on how to avoid scam using practical examples.

I like how the decentralized internet will be, it will be more robust in efficiency than today's internet. That, it will be good for governments to also focus on educating people about scam. The knowledge the guy above had even helped him to avoid such phishing scam.

[lovesmayfamilis]

As soon as the internet came along, it was initially centralized. Everyone was interested, no one thought about the consequences. Remember which of you hasn't started social networks? Didn't upload all your information, photos, etc. there? We ourselves wanted browsers to save our passwords and use autosave.

Now, in our time, people increasingly began to complain that the privacy of users is being violated, information obtained from the Internet is used for various manipulations and for advertising.

Maybe it's time for people themselves to wake up, stop trusting all tracking systems.
It is necessary to start with yourself, to differentiate the information that we transmit to the network.
And, of course, talk about internet security as much as possible so as not to become victims of scammers.

[Welsh]

I think we might see an increased hostility of the "system" towards VPNs, and I don't think its hard to imagine that VPNs could possibly be made illegal in certain countries or at the very least ISPs will write it into their contract that you''re not allowed to use a VPN service or any service which masks your IP address. As you may know, its big business for ISPs to see exactly what you're viewing so they can serve ads effectively, and possibly even sell your data on.

I think it's high time we realize we can't achieve total decentralization in the world. Bitcoin tried it but to some extent haven't succeeded yet. One way or the other the centralized system alway find their way into the system like through regulations or KYC verification and the fact is, the society of today have made it so easy that things like this becomes normalize.

That entirely depends on what you view as the goals of Bitcoin. It has achieved decentralization in itself. There are various countries which regulate it, but by design it is decentralized. Depending on the country you live in, also depends on the amount of regulation that its subjected too.

I believe the decentralized internet isn't there to wipe away scammers as that's unlikely to happen instead, it's for the protection of our information, giving us back control over the personal/sensitive details we put online instead of the big company having control over than and selling/using them for their profit. This should be the main point used for argument like this and not scammers been less in one system or the other

Agreed, centralization is usually for profit or a way of controlling. If they have all your information then they can profit off of that in several ways. The market of data is extremely lucrative as we all know. I mean, most people already live in a massively centralised world. They use monopolies such as Google (not just the search engine), use banks, and use telephone companies which collect your data willingly. Not to mention the ISPs, which are completely in control in what they see of its customers.

[AakZaki]

Education on how to avoid fraud is very necessary so that people can avoid it. However, education like that now has to be done alone, because the government is only giving advice. Many novice investors and even professional investors have been scammed by scammers very easily and made millions of dollars. The methods used are constantly evolving so it is difficult to detect them if we are not up to date either. Social media is a great place for fraud.

[Salauddin1994]

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