electronicash
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April 10, 2023, 04:51:46 AM |
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until there is nothing that forces people to go to decentralized platforms, we will stay on centralized exchanges. but if the government is will ban crypto and penalizing someone who is engaging with it, users will likely go to dexes.
so far there are regulations already. once the government realizes the crypto is not really something they want, they will ban crypto. and its when dex and web3 might just be helpful.
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Strongkored
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April 10, 2023, 05:27:46 AM |
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Ignorance could be because they don't see the importance of decentralization, and in the end, decentralization will always not be full decentralization because the government will regulate everything that is called decentralization because the government wants to control it. And even though decentralization was eventually adopted by many sectors, it took a long time to actually implement it because often the convenience of centralization became a barrier from using decentralization on a large scale.
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Lubang Bawah
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April 10, 2023, 09:07:11 AM |
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I think most people don't care about decentralization, this is because they are already in the comfort zone, namely an economic and financial system that is fully regulated by the state, decentralization is a threat because many countries consider that a decentralized system will create more problems than benefits.
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Faisal2202 (OP)
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April 10, 2023, 01:22:43 PM |
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When you want to protect your private life... You confused the decentralization's purpose with social life (maybe I misunderstood your statement, if yes, then please correct me), as the main purpose of Decentralization is to make anonymous transactions without giving control of your, assets, documents, etc. to any other entity and totally depend on it. Like, if you make a transaction, you wish no one knows who is behind that transaction, so you tried to remain anonymous. On social media, they know what we want them to know about us. But on the blockchain, no one knows who is who or who owns whose wallet.
Social media platforms definitely know about us, but is it true, that transactions on the decentralized blockchain are totally anonymous? because as far as I know, that's not true. And that's also my main point in the post. Like if people are already given their activity data and personal data to these centralized platforms then how can they leverage the benefits of decentralization? I have not yet mentioned the influence of media, fake news, fraud, hacking, and others.
These reasons are totally generic and similar problems are also the fortune of centralized platforms. Like recent bank bankruptcies in the USA that cause a great impact on the crypto industry. Adoption of anything new almost takes 20 to 40 years as I have seen but for my country, it's more. hehe. literally, in our society, everyone used to say, that our country started to think about adopting new technology when other nations already took advantage of that technology and suck the blood out of it. Firstly I would say before the evolution of this web 3 many didn’t believe we could actually do stuffs in decentralized way mainly because that is what the government made us to believe or the technology as at then shaped human mindset to. But that didn’t mean they weren’t people seeking anonymity because even on social medias there are accounts created by individuals with informations or KYCs that are either wrong or has nothing connected to them.
Totally, right. But that's also due to less or no access to technologies like we have today. We are revolutionizing day by day. Governments, has made such economic situations and offers for there peoples that they can not ignore and forced to use many immoral services to meet there daily requirements. (i call loan+interest system by bank which has been given the name of interest instead that's open usury). Once we have been left no choice, then what people can do rather than accepting it and getting further tuck in the quagmire of offers and manipulated situations. I have not a slight idea of this fact. Like how could they verified by agencies and exchange if they are not sharing the right data, I think they use others data by taking it legal or illegal means or is there any other way too?
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ElmedoRator
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April 10, 2023, 01:33:35 PM |
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IMO, The development of Web3 technology is still in its early stages, new technologies are often difficult to launch and often take time to achieve stability and reliability. Most of the current users are still not familiar with the new Web3 system and still have many difficulties in using Web3 applications. In addition, they are afraid of risk and uncertainty when using products and services built on the decentralized Web3. The Web2 platform is growing very fast and its power is still great, creating a lot of value for users. So Web2 developers still want to keep the system intact and continue to improve it. However, the future of Web3 is still very promising with outstanding benefits in protecting privacy, ensuring safety, and giving users complete control over their data. Therefore, taking advantage of those potentials of Web3 should be paid attention to and actively invested in on Web3 platforms to increase connectivity and diversification, and help take Web3 technology further in the future.
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Nwada001
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April 10, 2023, 01:43:21 PM |
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When you want to protect your private life... You confused the decentralization's purpose with social life (maybe I misunderstood your statement, if yes, then please correct me), as the main purpose of Decentralization is to make anonymous transactions without giving control of your, assets, documents, etc. to any other entity and totally depend on it. Like, if you make a transaction, you wish no one knows who is behind that transaction, so you tried to remain anonymous. On social media, they know what we want them to know about us. But on the blockchain, no one knows who is who or who owns whose wallet.
Social media platforms definitely know about us, but is it true, that transactions on the decentralized blockchain are totally anonymous? because as far as I know, that's not true. And that's also my main point in the post. Like if people are already given their activity data and personal data to these centralized platforms then how can they leverage the benefits of decentralization? I didn't confuse decentralization with social life; rather, I used your key words to give a befitting illustration regarding a centralized system and that of a decentralized system. Social media knows what we want them to know about us. It's what I input online as me that the social media captures and keeps as a record of me. I can also decide to live a fake life online, impersonating someone else. "Decentralized blockchains are totally anonymous?" Yes or no, you are anonymous when you want to be anonymous, and your privacy is protected to some extent when you want it to be. If you truly want to make a decentralized transaction without risking your privacy, you need to use a system that's totally in line with your beliefs. You can't talk about decentralization while also making use of centralized systems like exchanges. I know there is more of a centralized system than a decentralized system, and most of the claims of decentralized transactions are not mainly decentralized because they keep track of our transaction records, etc. To some point out, transactions are actually not anonymous the way we think they are. We can completely make that possible without any issue; one can run its own node, use a mixing service, etc. which can guarantee your privacy protection at a higher level.
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Jawhead999
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April 10, 2023, 02:20:29 PM |
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Decentralized and anonymous are different. Decentralized means you don't want to be controlled by the government or any other central party. While anonymous means you're don't want everyone know your identity including to be controlled by the government. If you want to being complete anonymous, make sure you never create ID card, driving license, bank account, don't go too school, don't work under someone company etc because you need to submit your identity ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Faisal2202 (OP)
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April 10, 2023, 02:34:45 PM |
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...age of entering the two media... they just know what social media has to offer in their local environment... ...if there are already many Web3 users I think the economic rotation will shift also to Web3.
In addition to the age factor and level of mass adoption of Web 2 and focus of businesses towards more trafficking platforms. There is another factor that influences the adoption rate, which is the geographic targeting of these Web 3 services to target specific tier countries. Why? The reason is open. To loot and thug them. There have been published many reports about how hackers have stolen Billions of dollars only via DeFi platforms. You can see these resources for quick viewing. Source 1, 2. The number of people who fell victim to these DeFi platforms is mostly from tier 1 countries. Why? Because these DeFi services are not even running their ads in our places (for that i am grateful) (note* i am not against decentralization but stating the fact, for educational purposes only). This indicates that the bad actors of the community have used these features of Web3 for bad purposes which left no choice for authorities to make suck policies like AML etc. Governments have controlled and regulated us for thousands of years,...but what people care most about is profit and not seeking privacy or decentralization.
There is no doubt how fast BTC has gained adoption compared to centralized services and the government is the meaning of people (groups) have power and authority to make, change and modify law etc. So government=centralization, now the main concern is, people have been provided a platform and they still dependent on centralized ones. In the last, people like me no doubt ha speculated market like a business opportunity to make profits but i think they also want to seek decentralization with it just not want to leave centralization. Why? because they are highly interlinked! Damn, the spread of decentralized tech is moving at a snail's pace ...if you catch my drift. So, let's keep our chins up and spread the word about how freaking amazing decentralized tech is.
That's totally true that folks's interest could make anything famous just like today's celebrities with no talent hehe. And that's what i am afraid of too. Like out of 8 billion people how many are in good actor category and how many are in bad one. No way, to conclude that because of well-defined judgment of each person according to there mindset. Many bad actors has looted people's money using this feature which i have already mentioned not good for it's upcoming future but the pace of web3 adoption is still amazing, it could spike more if money which had been stolen out of this sector, will not happened. But in the long run i totally agreed with you. because decentralization will make everyone independent and will built confidence in them but proper policies are required (i think) to manage the good use-case of it. (not AML but maybe another mechanism)
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naira
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April 10, 2023, 02:38:23 PM |
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What are your thoughts on it, like if we really want to remain anonymous and want to get more control of the internet by leveraging Web3 then why we are riding on the boat of Web2? Why are we still sticking to centralized platform?
The reverse question is whether you really control the internet properly and remain anonymous. and can you ensure that your activity is clean from data capture? It's all about the taste of people who decide to stay on the path of full decentralization or indeed just as needed. So far it is difficult to classify into a decentralized container if it still requires a centralized system let alone bound by a contract with exchange parties. More specifically, at this time, no one can really avoid centralization, let alone not really care. Because the most important thing for some people is the benefits that are wrapped in it.
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rat03gopoh
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April 10, 2023, 02:58:45 PM |
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Yeah, people care. It shows how enthusiastic people are for bitcoin now while keeping the natural decentralized concept. While web 3.0 isn't as decentralized in practice as it is hoped to be, there are some aspects that simply don't allow it to be decentralized either unable to give developers an "benefits" or possibly creating a powerful force that turns against them.
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pixie85
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April 10, 2023, 09:10:57 PM |
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I think most people don't care about decentralization, this is because they are already in the comfort zone, namely an economic and financial system that is fully regulated by the state, decentralization is a threat because many countries consider that a decentralized system will create more problems than benefits.
That's true. People ignore this until they're hit in the face by the lack of it. You could see this in real time in Canada during the protests a year ago. People had no need for decentralization and privacy, but one day their accounts got blocked and they couldn't buy a coffee or fuel for their tracks just because they happened to go against the government restrictions. People support privacy and decentralization on paper, when someone asks them for their opinion, but they like convenience. They want people top do everything for them and to take responsibility. That's what we are - lazy!
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WillyAp
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April 10, 2023, 09:23:55 PM |
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As much as I love crypto websites and apps should be close to where their clients are. CDN for most sites are slow down, so are the fonts you fetch from Google. web3 is a standart no one needs except for eBay, Amazon and such.
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Unbunplease
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April 10, 2023, 09:34:52 PM |
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If people who are not morally ready for freedom are given that freedom, they will start looking for someone who will lead them. Very many people are simply not ready for decentralization - they simply do not know what to do with it. Decentralization is interesting for those who have money; if a person lives from paycheck to paycheck, he does not need decentralization at all.
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KingsDen
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Goodnight, o_e_l_e_o 🌹
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April 10, 2023, 09:44:48 PM |
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People care care about decentralization. They will enjoy it when given them, but surely people do not want to pay the sacrifice that accompanies decentralization. There are things people doesn't want to give up and that is what will be tying people down to centralization. For instance; - People's desire to connect one another. People's desire to connect man to businesses, connect businesses to other businesses etc
- People's desire to track and monitor their peers, work colleagues, partners etc. Social media is the best place to monitor one another.
- Making new friends and searching for old friends comes with much excitement
In as much as people doesn't want to give up these desires, we should expect more because even children in their mothers womb are being exposed to social media.
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Smartvirus
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April 10, 2023, 09:57:55 PM |
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At times, its a question of popularity. What's more common than others amongst folks and pairs, the ease one has in using one platform compared to the other and the trust they've been able to owe to a system over time compared to that which they have to rely on mare claims form the developers. When it comes to cryptocurrency, I becomes more of that which is common really.
Social medias, I won't want go bring it into context with cryptocurrency as they both are too distinct, one is about communication and the other payment options. Non the less, popularity still plays an important role here.
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bettercrypto
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April 10, 2023, 11:11:44 PM |
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Recently, centralized exchanges have had problems and some of them have closed due to the interference of the country's governments. So communities' trust in centralized exchange platforms has decreased.
Apart from this fact, the trust of the majority in the decentralized platform has increased because the chances are high that the government can never tamper with it, especially with the stablecoins that are there compared to the stable ones that are placed on the centralized platform.
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EdenHazard
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April 10, 2023, 11:44:26 PM |
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People care care about decentralization. They will enjoy it when given them, but surely people do not want to pay the sacrifice that accompanies decentralization. There are things people doesn't want to give up and that is what will be tying people down to centralization. For instance; - People's desire to connect one another. People's desire to connect man to businesses, connect businesses to other businesses etc
- People's desire to track and monitor their peers, work colleagues, partners etc. Social media is the best place to monitor one another.
- Making new friends and searching for old friends comes with much excitement
In as much as people doesn't want to give up these desires, we should expect more because even children in their mothers womb are being exposed to social media. Those people whoe doesnt care about the decentralization concept will never know what actually the benefit they could get , the problem that get solved efficiently ... it's just the matter of the time for people to realize that they are really needed it. For now there is only few people do care about this and working on it tho.
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serjent05
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April 10, 2023, 11:46:59 PM |
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People have different views about personal privacy, being anonymous, and being decentralized. If Bitcoin is not presented or created, we could have been doing things under centralized supervision. The idea and implementation of decentralization is still young so many people are still new to it. Most people are comfortable using centralized services and it is hard for these people to try a new system where he has to test and learn everything. People wanted to be always in their comfort zone and is afraid to try new innovations and changes which include the blockchain and decentralized services.
I believe we still need more time for the people to be accustomed to decentralization. It is not that they don't care but rather the idea is new to them.
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goinmerry
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April 10, 2023, 11:59:50 PM |
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Hence that’s why many want to stay away from the centralization world and want something decentralized like Bitcoin and the new dex that we have right now. People don’t want to depend on a governing body for their safety when the times get tough.
Aside from that, the comfortability between centralization and decentralization is a big thing. Although lots of risks being under decentralization, it's good to experience the freedom we are getting being in that. I'm not against a centralized system but it's just that, not all the time we should always deal with that.
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kro55
Sr. Member
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April 11, 2023, 04:55:11 AM |
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Decentralized and anonymous are different. Decentralized means you don't want to be controlled by the government or any other central party. While anonymous means you're don't want everyone know your identity including to be controlled by the government. If you want to being complete anonymous, make sure you never create ID card, driving license, bank account, don't go too school, don't work under someone company etc because you need to submit your identity ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) From birth, our identity is not anonymous, the government controls us from the beginning. I'm not saying it's good to use centralized exchanges, but many people claim that their identities are exposed because of those exchanges. This is not entirely true because our identity is made public when we use the services you mentioned. Bitcoin only helps us to limit financial control from the government, it cannot help us to be completely anonymous. This is what many people confuse and think just using bitcoin, we are completely anonymous and not tracked by the government.
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