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Author Topic: Does People Really Care About Decentralization?  (Read 708 times)
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April 11, 2023, 06:31:33 AM
 #41

Honestly, a small percentage of the world population seriously cares about decentralisation while the majority don't mind centralisation as long as they don't face any kind of major issues.

Even popular decentralised cryptocurrencies, exchanges etc aren't 100% decentralised for various reasons.

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April 11, 2023, 09:13:00 AM
 #42

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.

I do not think majority of people will everly realise the importance of decentralization. It will only be minority few that will appreciate the essence of decentralization.
Why it is so is because centralization is fighting restlessly against decentralization everyday and centralization is more powerful because it is the government.

We should instead be scared because even the cryptocurrency industry is filled with centralization. Even our saving grace which is bitcoin, there is many efforts to centralise it by moving it from one chain to the other etc.

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April 11, 2023, 09:46:13 AM
 #43

It's really easy to answer, if people are care about decentralization, you will see Bisq and no KYC P2P will have higher trading volume rather than all of centralized exchanges e.g. Binance, Kraken, Coinbase, Kucoin, etc. But if you have compare it, you will see the trading volume in Bisq and no KYC P2P are really small compared to centralized exchanges. Maybe you can conduct a survey in your countries, ask 100 random peoples and let's see what's the result.

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April 11, 2023, 10:05:05 AM
 #44

I'm pretty sure that actually almost everyone would prefer decentralization if they realized that all this time they were in a centralized system where everything was determined by central policy. but very few people are aware of this system, especially in the elderly today. but for the next generation starting from our current generation. then I'm pretty sure that many of us have realized the importance of decentralization. but that doesn't mean we don't need centralization. we still need centralization in one field but not in another. We are all created with an instinct to like freedom and not like to be controlled. but the problem is that many people are now being controlled but they are not aware that they are being controlled.

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April 11, 2023, 10:57:34 AM
 #45

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As we all know, Social media platforms are centralized ones, like Facebook, Snapchat, Instagram, and Tik Tok, etc. If we really want to remain anonymous by leveraging the features of Web3 then why are we using these centralized platforms? Maybe we are so dependent and addicted to these. Maybe due to mass adoption of it, because where there are more people there is more business and money too then why making effort to shift to another (easily)? The same scenario goes for crypto as well. Like, in crypto there is more trading volume on centralized exchanges while less on decentralized ones. Why? due to less adoption and knowledge may be due to less trust also.

1.Most people don't care about decentralization.
2.Decentralization isn't ALWAYS better than centralization.
3.Creating a decentralized social media platform would create problems with copyright infringement and hate speech. Also, which company would want to create a decentralized platform? Who is going to get the ad revenue, when the platform is decentralized?

I couldn't care less about crypto trading volume on centralized exchanges because:
1.Most altcoins are shitcoins anyway. We don't need altcoins and tokens. Bitcoin Core is more than enough to serve the purpose of the crypto world.
2.Trading volume can be faked.

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April 11, 2023, 02:17:51 PM
 #46

I recently read, an article about WEB 2.5 a conceptual term used to make a gateway between WEB 2.0's products and services with WEB 3.0's decentralization. But the question that arises here is, Why is there a need for WEB 2.5? Because there was no mass adoption of decentralization, many projects were coming into the market based on WEB3 but most of them failed to get traffic. Why? the reason was difficult for me.

Like, I thought, every new technology takes a lot of time to get mass adoption. For example, If we Observe BTC, then it took almost 14 years to get globular adoption but still I think it's not that mass. (maybe I would be wrong but that's the way of perception of every mindset). So maybe Web3 will also take time. I know many decentralized swaps and exchanges are in the market like Uniswap and Aave, which has great traffic and adoption but I am talking about other social media, games, and educational projects facing adoption. Like DeFi, which is one of the use cases of Web3.

Why do i think that people did not care about decentralization?
According to Worldometers, there are around 8 billion of the population throughout the world (not official) and out of which, 5.16 billion are using the Internet, and from that 5.16 billion, 4.76 billion of internet users are using Social media platform. (According to Statista)

As we all know, Social media platforms are centralized ones, like Facebook, Snapchat, Instagram, and Tik Tok, etc. If we really want to remain anonymous by leveraging the features of Web3 then why are we using these centralized platforms? Maybe we are so dependent and addicted to these. Maybe due to mass adoption of it, because where there are more people there is more business and money too then why making effort to shift to another (easily)? The same scenario goes for crypto as well. Like, in crypto there is more trading volume on centralized exchanges while less on decentralized ones. Why? due to less adoption and knowledge may be due to less trust also.

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 actual problem of decentralisation is that there can't be full decentralisation, since there are certain situations which demand altering the initial code (forking), which can be done only by centralised structures, and also centralisation occurs in wallets and crypto-fiat exchangers. So any decentralised project has tendency to face some centralization elements.

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April 11, 2023, 02:53:16 PM
 #47

I'm sure many people do not care about decentralization, they prefer centralization so that their money is not crashing like decentralization, and in terms of security indeed decentralization is very dangerous and will not make us calm, if we have $ 1 million money in decentralization then there is a chance of $ 1 million to $ 10 or even under $ 1.
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April 11, 2023, 02:56:48 PM
 #48

I'm pretty sure that actually almost everyone would prefer decentralization if they realized that all this time they were in a centralized system where everything was determined by central policy. but very few people are aware of this system, especially in the elderly today. but for the next generation starting from our current generation. then I'm pretty sure that many of us have realized the importance of decentralization. but that doesn't mean we don't need centralization. we still need centralization in one field but not in another. We are all created with an instinct to like freedom and not like to be controlled. but the problem is that many people are now being controlled but they are not aware that they are being controlled.
Yes everyone will prefer decentralization because of privacy protection. I don't know why number of users in centralization are more than Dex. centralized social media platform are easy to use and you have to perform some simple task for registration. Second bug reason may be because these social Platform was launched first before Decentralized platform. But now many users migrated to telegram from Whatsapp because of decentralization and similarly Twitter users are migrating to Lens which showing that People love to use decentralization but biggest problem with decentralized platform is lack of big platform like Facebook, twitter. Many users will adopt in ten years because of interest showing by people towards decentralization.

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April 11, 2023, 03:00:13 PM
 #49

Yes because everything else is controlled by a very small amount of extremely rich people. Decentralisation is tge only thing that creates an honest market, you can’t get rugged by some shady dev or group. Bitcoin is the only investment I totally trust, everything else is just a short term fix to try & get more fiat.

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April 11, 2023, 03:14:50 PM
 #50

I'm sure many people do not care about decentralization, they prefer centralization so that their money is not crashing like decentralization, and in terms of security indeed decentralization is very dangerous and will not make us calm, if we have $ 1 million money in decentralization then there is a chance of $ 1 million to $ 10 or even under $ 1.

Only a small percentage of the global population are really using the decentralised transactions of cryptocurrencies. This means that there is a small percentage who actually understand what these decentralization really means to them. So, I agree that most of people really don't care about these. But I must say also that there is really a case to case basis to how bigger deal is the decentralization compared to a centralized form of transactions. It isn't always that decentralization is better than the other. Also, I think what really people care about is in the process on whether it is fast and cost efficient. This, I think, would determine the adaptation of majority into these decentralization.
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April 11, 2023, 06:03:08 PM
 #51

Until there is a major problem with centralized apps/platforms/services that shines creates a need for people to transition to decentralized services,
That is already happening  (people are becoming more educated about data and it's uses) but we do not need a major problem in centralized platforms, all we need is to get knowledge of how important our data is for businesses. Because if we talk about IOTs (internet of things) that are generating 1,000 Petabytes in one day. Which is just too big but that's another discussion about managing them.

For now, data from social media is one of them and once we get to know the importance of it and how big organizations are using our data for their own purposes will convince people to move to decentralization. Because decentralization will provide fewer data of your activities in compared to centralized ones. Well, this could be another problem in the adoption of Decentralization as it will affect the features that our governments are using from the big dataset.

Most people are committed to the principle of hedonism (enjoyment). 
It means, these web3-based products must have a user-friendly interface that will create no problem to perform tasks even for a traditional (non-technical person). But that's have been in the market too, but do not provide the luxury of existing ones, so. you are right.
Centralized services are perceived by people as reliable services, although in fact, they are not.  In my opinion, people have to suffer serious financial losses in order to realize the danger of centralized systems. 
People are readily suffering serious financial losses by leveraging the centralized system for example in my area there is one bank that is famous for giving inside information about users' accounts and the money in it. I have seen many cases when people withdrew their money from that Bank and got robbed on the way to home. Why? How can those thieves get to know about the money the person has withdrawn? Because someone from the bank has given a tip to those Robbers and this is not a new problem. But if we can make transactions with full anonymity of personal information no one can get to know us in real life so there will be no such cases.

People can not be anonymous through Web, so the decentralization is fake. And 98% of all Web users do not care of anonymity. For example, a lot of people use Gmail, which is not decentralized E mail service.
If your concerns are about the web which is the internet in which different devices are connected to each other for the purpose of sharing information such as making transactions and sending and receiving files which is also a type of transaction. So, what actually we need here is, we want to hide our personal identities so that a bad actor can not target us even if he gets to know what's in the email. That needs encryption and security mechanisms which are provided by blockchain technology so the platforms which ask for Gmail accounts are not the decentralized ones because as you mention email services are not decentralized so anyone could temper with your data but if you use functions like wallet address, which only provide the information about your wallets and how much money you have in your wallet from where you are getting that money and where you are sending that money. These types of information are of very limited use to the bad actors. So I think people can be anonymous through the web if they could hide their identities and many of the experts are doing that which is not liked by authorities.

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April 11, 2023, 07:18:58 PM
 #52

Until there is a major problem with centralized apps/platforms/services that shines creates a need for people to transition to decentralized services,
That is already happening  (people are becoming more educated about data and it's uses) but we do not need a major problem in centralized platforms, all we need is to get knowledge of how important our data is for businesses. Because if we talk about IOTs (internet of things) that are generating 1,000 Petabytes in one day. Which is just too big but that's another discussion about managing them.

For now, data from social media is one of them and once we get to know the importance of it and how big organizations are using our data for their own purposes will convince people to move to decentralization. Because decentralization will provide fewer data of your activities in compared to centralized ones. Well, this could be another problem in the adoption of Decentralization as it will affect the features that our governments are using from the big dataset.

It came back to people threat modelling, some want to protect their digital privacy and some do not care. Some of them are aware of what kind of data those monopoly companies collect and what they generated themselves, but they want to simply live as conveniences as possible. if someone wants to go into the decentralized routes convenience is not exist.

Snowden shocked the world with how the US collected and spied on its citizen and also the whole internet, yet does the majority of people in many parts of the world are aware of him? And also do those who were truly cautious about it and advocated for privacy are having its significance to educate the public? My main take is some people choose the easy route, the convenient. The simple thing. Those big companies besides giving those things are cultivating the ecosystem so there is a continuity for the users themselves to engage and create anything, I'm afraid a decentralized model would not be able to compete with it.
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April 11, 2023, 07:54:30 PM
 #53

As we all know, Social media platforms are centralized ones, like Facebook, Snapchat, Instagram, and Tik Tok, etc. If we really want to remain anonymous by leveraging the features of Web3 then why are we using these centralized platforms? Maybe we are so dependent and addicted to these. Maybe due to mass adoption of it, because where there are more people there is more business and money too then why making effort to shift to another (easily)? The same scenario goes for crypto as well. Like, in crypto there is more trading volume on centralized exchanges while less on decentralized ones. Why? due to less adoption and knowledge may be due to less trust also.
In your words, you provided the logical answer to your questions. There are really two reasons why people are not interested in decentralization:
- Complete ignorance of the basics of decentralization and its benefits. This leads us to a complete lack of interest in privacy and the risks that this may cause. This ignorance is supported by centralization in order to maintain its authority, which is what makes it withstand the various obstacles.
- Centralized services are still able to provide easier and more flexible features that decentralized services cannot provide in their current development. How many decentralized applications can you count for me than a few trading platforms?
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April 11, 2023, 08:31:35 PM
 #54

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Why do i think that people did not care about decentralization?
According to Worldometers, there are around 8 billion of the population throughout the world (not official) and out of which, 5.16 billion are using the Internet, and from that 5.16 billion, 4.76 billion of internet users are using Social media platform. (According to Statista)

As we all know, Social media platforms are centralized ones, like Facebook, Snapchat, Instagram, and Tik Tok, etc. If we really want to remain anonymous by leveraging the features of Web3 then why are we using these centralized platforms? Maybe we are so dependent and addicted to these. Maybe due to mass adoption of it, because where there are more people there is more business and money too then why making effort to shift to another (easily)? The same scenario goes for crypto as well. Like, in crypto there is more trading volume on centralized exchanges while less on decentralized ones. Why? due to less adoption and knowledge may be due to less trust also.

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?
You answered your own question, very few people care about decentralization because very few understand the costs they are paying by allowing monopolies like Facebook to have full control of their information, they do not understand that their information is valuable and they are giving it away for free, if anything Facebook should pay them to get access to their personal information, after all people should wonder about why Facebook is worth so much money when they do not seem to sell anything? That is because the product they sell is the information of the people using their platform.

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April 11, 2023, 11:20:33 PM
 #55

How many decentralized applications can you count for me than a few trading platforms?

There really aren't many decentralized applications. Every project has developers-that is, owners who can be pressured and who can manipulate those who are interested in the project. In addition - a project always has bottlenecks - for example, the probability of an attack of 51% 
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April 12, 2023, 04:04:09 AM
 #56

I'm sure only a few people think and care about decentralization, it's proven that cryptocurrencies users are still small, many are afraid if decentralization is easily controlled by those who have capital so they can destroy assets in a short time.


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April 12, 2023, 06:44:12 AM
Last edit: July 17, 2023, 03:04:51 AM by slapper
 #57

I'm pretty sure that actually almost everyone would prefer decentralization if they realized that all this time they were in a centralized system where everything was determined by central policy. but very few people are aware of this system, especially in the elderly today. but for the next generation starting from our current generation. then I'm pretty sure that many of us have realized the importance of decentralization. but that doesn't mean we don't need centralization. we still need centralization in one field but not in another. We are all created with an instinct to like freedom and not like to be controlled. but the problem is that many people are now being controlled but they are not aware that they are being controlled.
While I can appreciate the allure of liberty and self-determination, I also recognise the need for some form of oversight to maintain peace and security. Consider: without police or governments, how would we manage to keep crime at bay and keep the economy running?

Nevertheless, we must not blindly back control. It is necessary to strike a balance between the two, and to recognise that there are instances when one approach is superior to the other.

This discussion of centralization versus decentralisation is getting out of hand; let's not let it. To the contrary, we need to discover the optimal solution for each circumstance, be it a centralised or decentralised system. Being exceptionally perceptive and discovering the most effective next steps is, after all, what matters most.



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April 12, 2023, 07:13:12 AM
 #58

You answered your own question, very few people care about decentralization because very few understand the costs they are paying by allowing monopolies like Facebook to have full control of their information, they do not understand that their information is valuable and they are giving it away for free, if anything Facebook should pay them to get access to their personal information, after all people should wonder about why Facebook is worth so much money when they do not seem to sell anything? That is because the product they sell is the information of the people using their platform.

FB earns a lot on advertising, it used to be a simple social network for communication, but now it’s a big platform for selling, including, well, everything is thought out very well, people add themselves, indicate their data and interests, regarding this they are offered goods. Everything is built on the interests of the consumer society, in this case, not  a person looking for goods and advertising is looking for a consumer.

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April 12, 2023, 07:27:38 AM
 #59

There obviously isn't a burning need for it, else blockchain technology would have taken off shortly after bitcoin was invented (or even as soon as the concept of a decentralized blockchain was thought of), but here we are years later and have big corporations adopted decentralized anything to make their businesses better?  Nope.

There's a damn good reason why you wouldn't want an immutable ledger of things, and I always think about the medical field when I'm pondering such matters.  There are security issues up the wazoo, and that's in addition to the fact that perhaps some people don't want their medical records stored indefinitely, even if not everyone gets to see them.  Plus to the average Facebook, social media-addicted person, it doesn't matter who's in charge of their data.  Even when there's a major breach, the outrage only lasts for a week or two and then their minds are glued to some other story.

I can't say I've heard much about Web 2.5 in any case.  Sounds like just another buzz-phrase that won't have any meaning come next year.

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April 12, 2023, 07:37:35 AM
 #60

People only take alternative technologies serious when it offers them something that they need. So, one of the advantages of decentralization is that it increases your security, because centralized services are easy targets.

So if your services are under constant DoSS attacks, it might be one of the reasons why you might consider using decentralization to increase uptime .... and adoption increase under the people that understand decentralization's benefits.  Grin

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