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Author Topic: Decentralization ain't the solution to everything  (Read 386 times)
dbc23
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January 29, 2022, 07:52:59 PM
 #21

Been lawful or lawless is a choice after all in the centralized society people still device means of executing their crimes and still have an escape root. Just like you wouldn't discourage the internet because scammers use it on their victims same way you wouldn't discourage decentralization because it's an anonymous network. What ever way be it Centralized or Decentralized crime will still go on so let's buy the data security and learn to be security conscious. All I see about the decentralized technology is that it would groom a society that would be every learning to stay out of scammers and cyber hackers
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January 29, 2022, 08:07:21 PM
 #22

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
I agree with you mate, but then, on the other hand, if our government was good to her citizens, would any one be so interested in decentralization?
Government are the cus of 90 percent of the problems we face today, try and realize that decentralization didn't breed scammers and criminals, but our government did, there are no jobs, people are suffering, mostly in the third world countries, alot of people are struggling to feed everyday and our government officials are busy looting our money for themselves and their children yet unborn, people are desperate to do anything in other to stay alive and not die of hunger, starvation and health issues, it has gotten so bad that it takes a great amount of self control to not get oneself involved in one form of illegal means of making wealth...
Our government, leaders are the ones who breeded criminals, scammers and not decentralization.

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January 29, 2022, 08:27:44 PM
 #23

It is not the solution for everything, but it is much better than the existing system, I mean centralization. It is true that everyone benefits from decentralization, including criminals, of course, but this does not mean the abolition of a good system because it allows the benefit of some criminals. The majority of society benefits from decentralization and criminals are the minority, so it is not fair to abolish this system In which most people benefit in order to prevent some criminals, we can find other ways to prevent criminals from taking advantage of decentralization while preserving the good advantages that centralization has, basically this argument is used by governments to fight decentralization and maintain their centralization and control over everything.

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January 29, 2022, 10:47:09 PM
 #24

Im sure that none says that if the decentralization is exist to solve everything. It's exist to create a system that being decentralized and it can't be taken down easily by the regulators with its centralized system. The decentralization means if the system is getting spread and run by a lot of nodes. This to create a protocol that will always exist as long as there will always be nodes are still running the network.
This to give freedom for people to do anything with it. it doesn't mean all of things will be solved with the existence of decentralization. Some entities in the crypto are also still centralized as well. Crypto is trying to be compliant with regulators.
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January 30, 2022, 12:06:43 PM
 #25

It's not like that, my friend. Every program is built with a good purpose in mind. It is impossible for decentralization to give criminals the freedom to commit crimes. Concerns like yours can also be assessed positively and your concerns on Decentralization are like the concerns of many parties on crypto that can be misused.

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January 30, 2022, 09:21:27 PM
 #26

It is not the solution for everything, but it is much better than the existing system, I mean centralization. It is true that everyone benefits from decentralization, including criminals, of course, but this does not mean the abolition of a good system because it allows the benefit of some criminals. The majority of society benefits from decentralization and criminals are the minority, so it is not fair to abolish this system In which most people benefit in order to prevent some criminals, we can find other ways to prevent criminals from taking advantage of decentralization while preserving the good advantages that centralization has, basically this argument is used by governments to fight decentralization and maintain their centralization and control over everything.
Currently, decentralization works more on us because we can feel the freedom that we can't even experience from a centralized system. And that also includes those criminals, but this decentralization is not made to increase the rate of crimes but rather to help us live the better way we want it to be, and this centralized system is not capable to give us that. In fact, i have here the 3 important advantages of decentralization. Check it out: https://www.inc.com/kenny-kline/3-important-advantages-of-decentralization.html

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TinaK
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January 30, 2022, 09:29:32 PM
 #27

It's not like that, my friend. Every program is built with a good purpose in mind. It is impossible for decentralization to give criminals the freedom to commit crimes. Concerns like yours can also be assessed positively and your concerns on Decentralization are like the concerns of many parties on crypto that can be misused.
Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.
It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.

Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
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January 30, 2022, 09:42:28 PM
 #28

Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.
It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.

Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.

 This is the same as saying money laundering didn't exist before crypto, lol. I watched breaking bad many times and I loved that show, and they used a car wash to launder the money, no crypto at all. So all in all, I would say that crypto is not used for bad as much as it is used for good. I am sure that high powered people and wealthy people are all worried about crypto because it gives the regular folk to get richer, and they want to keep us poorer since that would allow them to be powerful, if we were all equals then they wouldn't hold the same power to us. How would Amazon make tens of thousands of people work under the poverty line if they were involved with crypto and make good returns? So the only reason why governments and other agencies are looking into crypto and finding a way to centralize it is the fact that they want to keep a check on us and make sure we do not get out of line.

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bittick
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January 30, 2022, 11:11:23 PM
 #29

The gateway for crypto users to cash out their money must have comply with the regulation. There's no chance for the criminal to do that other than make their identity getting verified to use the exchange site. The only problem is mixing platforms which make them able to remove their trace. Im personally thinking that if centralized exchange site is not too bad at all. This is also preventing the scammers to cash out their money from fooling people to buy the scam token. As you can see that so many people are always getting scammed caused by that. Here's the main concern we need centralized platform as well at the same time.

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January 30, 2022, 11:48:34 PM
 #30

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none

Don't blame decentralization entirely when there's a lot of criminal activity, because it depends on how people use it. Because after all nothing is
perfect and has flaws, but as long as we get more benefits from decentralization, why should we hesitate to support and use it. And do not trust
100% of the data provided by the government, because from the start the government did not like decentralization, it is natural that the government
only focuses on reporting negative things about decentralization. So try to gather information from various trusted sources and learn more
about decentralization, I'm sure you'll start to understand why so many people are starting to support decentralization.

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January 31, 2022, 12:10:09 AM
 #31

Decentralization is just the finance system being decentralized and not decentralizing the power of authority.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime.  Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.
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January 31, 2022, 12:10:21 AM
 #32

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none

Ok, so I am thinking that your distinction between decentralization and regulation is not a very good one. What makes decentralization so lawless to you? It just means that no central place can control or manipulate the money/transactions. If your computer explodes, your money won't disappear. Furthermore, most coins are not really privacy coins, so again, they can easily be traced to said criminal. That way, the criminal can't use/sell his coins when everyone knows they are illegal.

If anything, that makes blockchain and the decentralization it offers a much better alternative to fighting criminals than the untraceable, forgeable and unregulatable pieces of recycled toilet paper (aka paper money) which you seemingly prefer  Grin

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January 31, 2022, 12:32:12 AM
 #33

Even before the existence of decentralised network there were criminals and crimes. There is no data stating that blockchain/development of decentralised network have paved path for the increase in crimes. Even now fiat is being demanded and more illegal transactions happening in dollars than these decentralised cryptocurrencies. Decentralization serve as an alternate to the traditional system where everything is centrally connected. It is upto the user to go with the choice.

Just think of it, in a bank an user have deposited $50000 and now to withdraw the same user got into robery. This has happened as a result of the country's currency crisis.

Source : Man Robs His Own Money

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pushups44
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January 31, 2022, 12:32:31 AM
 #34

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none

I agree. Decentralization has a role to play in establishing trustless systems whereby code is law but as humans we need regulations and oversight in particular matters. For example, I think it will be very positive once banks start to offer custodial services so that ordinary people can earn staking and other income with the peace of mind in knowing they do not have to worry about private keys and other technical matters. Of course, as cryptocurrencies are decentralized there is also the option to manage one's own cold storage.
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January 31, 2022, 12:42:20 AM
 #35

Decentralization is just the finance system being decentralized and not decentralizing the power of authority.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime.  Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.

This doesn't take into account that decentralization creates new attack vectors that are attractive to criminals, especially with irreversible transactions. Also, cryptocurrency transactions will eventually have the option of being (if they aren't already) fully anonymized and impossible to fully track with the growth of decentralized exchanges. Decentralization can thus be viewed as positive but with its own set of problems.
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January 31, 2022, 02:09:37 AM
 #36

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes
(....)
I agree. Decentralization has a role to play in establishing trustless systems whereby code is law but as humans we need regulations and oversight in particular matters.
(....)
It is already given for me, that's how it works especially for most cryptocurrencies right now. This is also the major problem of decentralization for me especially using cryptocurrencies, there are other people who will abuse it, especially using cryptocurrencies to do criminal things.
So, we can't blame the technology here, overall it's the people who are using it. And  I agree that we can't avoid these such things.

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January 31, 2022, 04:14:27 AM
 #37

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
From the start, decentralization was like a double-edged sword, it could be very beneficial or even detrimental. but despite all that we need decentralization, because freedom is no longer a choice but a necessity. centralized system is not feasible in this era. too many restrictive rules and all that is not profitable.
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January 31, 2022, 09:13:32 AM
 #38

It's not like that, my friend. Every program is built with a good purpose in mind. It is impossible for decentralization to give criminals the freedom to commit crimes. Concerns like yours can also be assessed positively and your concerns on Decentralization are like the concerns of many parties on crypto that can be misused.
Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.
It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.

Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
We don't know the function of a decentralized system, but about crime anywhere that can happen, including in the cryptocurrency world. It all depends on the initial intention.

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January 31, 2022, 09:59:35 AM
 #39

Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
Everything cannot be 100%. Some laws in just about every country favor some and not the other groups. We have seen laws that people say favor the rich in the country and maybe favor only the politicians. So when it comes to crypto Decentralization, of cause you will expect that there are people that will take advantage of that aspect of the ecosystem but this doesn't mean it is bad.
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January 31, 2022, 10:55:59 AM
 #40

Of course, there are no problems that can be solved with just 1 or 2 systems, there are too many and complicated transaction systems that make us always have to know the latest developments, even now the idea of centralization in stable coins that can create the impression of decentralization will slowly fade away.

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