Decentralization ain't the solution to everything

[stadus]

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.

It depends on how you view decentralization on your part, but as long as we are given equal opportunities, same for those in higher authorities, then decentralization will definitely work on us. Yes, it may not be the solution for everything, but its where we are mostly benefited than to stick on centralization. However, if we seek for a big change in the governance, both centralization and decentralization could work hand in hand as both have their own merits.

[ANSEL_2.0]

Doesn't mean that Decentralization is made to support crime, right? It's just a tool and the nature of the tool depends on how the user uses it. Decentralization does not make it an object of deception or malice. It's just that because of its nature which refers to freedom, anyone can implement it in the direction the user wants. But I emphasize, we still will not be separated from the government if you yourself are still recognized as citizens. However, in terms of financial freedom choices, the state also often does not like the concept of decentralization to work, arguing that no taxes go into the state treasury.

I never said it was meant to support crime I'm only refering to Decentralisation on the blockchain technology, honestly scammers are taking huge advantage of this meaning it's not working as we hoped for, still centralised makes more sense it's why I support crypto regulations

[dbc23]

There will never be a solution without some disadvantages in this world, even in churches where people pray and worship God there are many crimes and disheartening secrets among the people of God, remember Jesus is an example of perfection and yet he was betrayed, it's everyone's choice to either use decentralized opportunity for good or for bad

You nailed it with a good point. Although at OP  is having a weird understanding about decentralization,  it's not a license  for a criminal prone society. It's only a technology that is developed to give you full control of your funds without giving out your personal data to any one in the name of KYC. When it comes to crime it can be committed both in the centralized and decentralized society so I feel the issue is not with the technology rather it's the society that needs to get reformed so the can suit in properly to the decentralization. I would say decentralization will instill the need for everyone to be cyber security conscious

[carlfebz2]

There will never be a solution without some disadvantages in this world, even in churches where people pray and worship God there are many crimes and disheartening secrets among the people of God, remember Jesus is an example of perfection and yet he was betrayed, it's everyone's choice to either use decentralized opportunity for good or for bad

You nailed it with a good point. Although at OP  is having a weird understanding about decentralization,  it's not a license  for a criminal prone society. It's only a technology that is developed to give you full control of your funds without giving out your personal data to any one in the name of KYC. When it comes to crime it can be committed both in the centralized and decentralized society so I feel the issue is not with the technology rather it's the society that needs to get reformed so the can suit in properly to the decentralization. I would say decentralization will instill the need for everyone to be cyber security conscious

It is really depending on the person who would be using up and its true that there are actually no exemptions when it comes to crime commiting kind of situation on which neither you've been dealing with centralized or

decentralized stuffs then you would be always finding ways to do it if you do really mean to do so thats why its not just right to put focus or emphasis just because of its anonymity feauture.

Yes, it is the perfect recipe but to think that this tech wasnt really created for that purpose.It is just people do able to find ways on making use of it on bad stuffs.

[Vaskiy]

Decentralization isn't the solution and the best part for some industry centralized systems were more effective than the decentralised ones. So, it is good to go with the required technology. In simple decentralised blockchain technology could make a big change in the financial system. The same serves every industry, but the need is limited and it isn't required. Even the traditional system is doing it in a perfect manner.

[bounceback]

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

We can't blame technology because every technological development has its positive and negative sides and don't just look at it from the negative side because if we only look at it from one side we will always blame every new technology and the decentralized system does provide freedom for everyone but it is not made for criminals because basically the purpose of launching this system is to teach people not to always depend on the government.

[bitkanu]

honestly scammers are taking huge advantage of this meaning it's not working as we hoped for, still centralised makes more sense it's why I support crypto regulations

Decentralization means the system was getting decentralized. Crypto regulation will not help a lot when it comes tot he 0 knowledge blockchain like monero or so many scammers are using mixers for this. There's no guarante if we have crypto regulation and you can dictate the scammers or make them disappear. Even so many scammers are also abusing the centralized system and how is it possible to make them worry to not do another criminals again with crypto regulation? Scammers will always there forever and if you think crypto regulation will fix anything in the crypto abused by the criminals and you re wrong.

[Reid]

There's negativity in how you portray it.
It's not about them "criminals" because they should be behind bars. It's for the people living outside those bars. You even extend to make it look like a government hater decentralization scheme as if you could just erase a government and be autonomous.
It's different when we talk about it using the blockchain. Avoiding the middleman and whoever is in the middle of the middleman which is a fact. Let the transaction go directly from supplier to consumer avoiding layers of transaction fees.
Oh and there's a history of transactions that could be traced so it's not really invisible.

[Jackl87]

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 think there is always a little of a conflict between the die-hard supporters of maximum decentralization and the other more pragmatic group of crypto users. The goal and the reason behind the creation of Bitcoin was to create a method of payment and something of value that is not controlled by a government or a central bank but by the people. If you look at the Top Holders wallet, then it is obvious, that there is still a lot of power in the hands of relatively few people. The same is true for miners. If the big mining companies are agreeing to push a certein update or to not support it, they can create a fork.

[Dart18]

I didn't read any article that says it is the solution for everything. It is a solution for something, yes that is correct but not for the every industry in one government. One good example is the financial institution. It could speed up the process of everything if the workload will be divided in small groups given the authority and being more productive to enhance their services.
Without a government, we are doomed but we cannot stay with the traditional way on how they run it or else we are also doomed.

[o48o]

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

Decentralization doesn't have anything to do with legality. It's just a way to secure something. Decentralization doesn't take away laws, it's just a new way to secure data. There are different kind of protocols to do this with and not all of them are a way for escaping regulations.

[Abiky]

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

Decentralization can be either good or bad, depending on how people use it. I wouldn't say decentralization gives criminals freedom, since it's easy to catch malicious actors within transparent blockchain ledgers like Bitcoin and Ethereum. Maybe privacy coins, but with centralized exchanges dominating the market, I doubt it. Of course, no one said a decentralized system would be perfect. Everything has its flaws no matter how revolutionizing it claims to be. The person is responsible of doing the right thing with any given technology. Governments will then devise laws that could penalize malicious behavior.

I have to agree that decentralization isn't the solution to everything, as there are some things meant to be centralized. Developers are just driven by hype, so they're trying to shift everything into the decentralized realm. But that's not the way it works. Things like websites, online gaming, etc. are meant to be run on centralized servers. If you make them decentralized, then network congestion will increase like never before. A hybrid solution (centralization + decentralization) would be a better approach for transforming existing technologies. Who knows how governments will be able to successfully regulate decentralized protocols in the future? Just my opinion

[JayTrain]

to some extent, you are right, there should be legality in all areas, but I suppose it is not clear with taxes...why would people have to pay for cryptocurrency trading, this is intellectual property, and hard work, in general, you need to look for a compromise in any case, so that everyone is happy.

[zasad@]

Decentralization is very beautiful words, but it is impossible in the modern world. The Internet is centralized, most services are centralized, and most cryptocurrency transactions take place on centralized services. And if you commit a crime, it may not be solved because it is minor, but if you commit a serious crime, then you will be found.

[lvsca]

I think it's balanced, if evil gets easier with decentralization, so does good. As long as our intention is to use a decentralized system well I think this will actually make it easier for humans in the financial system and other technology-based programs.

[asyakashi]

But what we are seeing now is that everything is going well, decentralization is used in future financial technologies such as blockchain. Maybe in the past decentralized cryptocurrencies were only used for illicit goods transactions. But now we see decentralization is a concept that will soon be used around the world in all technologies. I've always thought positively about this.

[el kaka22]

If anyone still thinks that decentralization is using your crypto however you want and be able to hide it from everyone, then they have never learned what decentralization means. The reality is that decentralization means there is no central organization that can control the crypto. Just to give an example, Bitcoin is decentralized and yet you still share your KYC with your exchanges and governments looks at what you do, they could decide on something that is legal or illegal based on how you use it, if you buy drugs with it and they learn about it then they could still jail you.

So, just because there are regulations about it doesn't mean that it is centralized. Can government print more bitcoins? Could it be more than 21 million bitcoins? No. Could they reverse a block? No. These type of code related stuff are the things that make it decentralized, not the regulations.

[Coin-1]

I think that decentralization has never pretended to be a solution to everything. Nowadays this word is commonly associated with the blockchain technology invented by Satoshi Nakamoto in 2008. I am sure that decentralization is a must for international finance, therefore Bitcoin and other reliable altcoins solve the problem of safe storage and secure transfer of funds without the need to trust third parties, such as banks backed by national governments that pursue an independent foreign policy and may be in opposition to each other.

As far as I know, after the creation of Bitcoin, no major bank comparable to Lehman Brothers went bankrupt. I dare say that decentralized cryptocurrencies are currently disciplining traditional financial systems, so bankers are doing honest business to ensure the trust of their clients. This is a good side of the existence of cryptocurrencies in general.

[wxa7115]

There will never be a solution without some disadvantages in this world, even in churches where people pray and worship God there are many crimes and disheartening secrets among the people of God, remember Jesus is an example of perfection and yet he was betrayed, it's everyone's choice to either use decentralized opportunity for good or for bad

You nailed it with a good point. Although at OP  is having a weird understanding about decentralization,  it's not a license  for a criminal prone society. It's only a technology that is developed to give you full control of your funds without giving out your personal data to any one in the name of KYC. When it comes to crime it can be committed both in the centralized and decentralized society so I feel the issue is not with the technology rather it's the society that needs to get reformed so the can suit in properly to the decentralization. I would say decentralization will instill the need for everyone to be cyber security conscious

You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

[Abiky]

You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts