Does People Really Care About Decentralization?

[Synchronice]

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?

On Facebook, Twitter and Instagram, you have to upload your photos, these platforms aren't meant to be used anonymously. Have a look, people post photos with each-other and tag each-other, I hope you get the point what kind of platforms these websites are and how people want to use them and yes, that's definitely normal as it should be. The problem is not what you mean, the problem is that people send very private and sensitive messages, very private pictures, constantly post on their timeline where they are, what they it, where they go, i.e. describing their life in details.
While people know that social media companies analyze all of their messages, behaviors and every detail, they still do and share things they shouldn't be making it available for such a companies. This proves that people don't care about centralization, they just want service and that's all.

The same applies to cryptocurrencies. I bet, majority of crypto users don't care or don't even know the pros and cons of cryptocurrencies and the minority group of them that knows it, doesn't really care. It's used as an investment option. Look, Binance offers Futures trading, options, leveraged tokens, swap farming, DeFi Stacking, Liquidity Farming, Launchpad. There are so many options out there to try, it looks like a casino with lots of exciting games. Decentralized exchages can't offer such a diversity.

[dansus021]

Simple Answer based on my opinion Does People Really Care About Decentralization?

Some care some doesn't care. But the point is we need a balance between centralization and Decentralization, not all gonna work or at least gonna run well with the Centralization system and Vice Versa. We need both centralization and decentralization in some way.

[joniboini]

I always feel that those who care are definitely in the minority. Most of those who read news about privacy & security issues, those who happen to be a victim of one of those issues, and so on. Those proportions might change if awareness about privacy is increasing, plus more decentralized alternatives become available (that are not that difficult and require many setups to use). I do agree that it won't come that soon, the market is still very new, and demand in general is not that high compared to centralized alternatives.

However, I also think it is not that far off since people are being exposed to many centralized system failures recently, such as a bank run, a defunct exchange, and so on. At the end of the day, most people still value flexibility and ease of use, so until there is a very good decentralized product that fits that bill, I expect the number of people who use decentralized services to increase. Unless they are mainly dealing with fiat, which I doubt can be streamlined unless you touch KYC and AML. CMIIW.

But the point is we need a balance between centralization and Decentralization, not all gonna work or at least gonna run well with the Centralization system and Vice Versa. We need both centralization and decentralization in some way.

What is an example of that? Exchanges will be the ones who need a third party to make sure they don't scam their users. Most of them have no incentive to go decentralized if they can just pay a fee every now and then to make sure they can continue their services and rake in millions of profits.

[dezoel]

There is basically no concept of caring about decentralization or not, people tend to use whatever they get to use first, and since all centralized platforms were first fed to the public, they started using them and now they are so indulged in them that it is almost impossible to take them out of that and put them in another platform which is totally decentralized.

One more thing is the features that they offer, if we talk about exchanges, decentralized exchanges don't and can't have as many features to offer to their users as centralized exchanges can, and people will surely prefer the one which gives the more options than the one which has very limited use cases.

[sana54210]

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.

This is so true and that is why I think many people are forgetting about the fact that we are not really annoyed by centralized stuff as much as people think. I mean some people might be, and yes it is awesome that there are decentralized options and all. But that doesn't change the fact that we are not going to see centralized as bad suddenly.

It's not going to happen and I am happy about it and I will keep on investing into that. That's just how I see things and I will promote them both and I will use them both and I will like them both. People assume just because you like dex you may dislike cex or vice versa, that's not the case, I am willing to try and use both of them at the same time without a worry.

[lixer]

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.

The reason why most people use or prefer to use centralized exchanges is that they offer way more usage options and features than decentralized exchanges, and people don't only use the spot market and that's it, they want all kinds of different options and features and opportunities to maximize their earnings, people love bonuses and competitions and that's what centralized exchanges provide.

A decentralized exchange can only provide a simple spot market for spot traders and no other options or features, they don't even have a futures trading option that covers a very large amount of trades taken on a centralized exchange.

[SirLancelot]

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

You got a point because cryptos are decentralized but some of them are not totally anonymous. Again in crypto, there are now regulations (KYC) that are being put in place. This greatly exposes the identity of the people. It's still up to us if we will comply with it or not because there are still fully decentralized sites out there which we can use.

Governments can't totally control the entire crypto world. This is why they are butthurt about it. The last thing that you said is hard. I can't imagine how can someone live or survive without those when those are essential in our life. It's okay to not submit your personal i.d online but we can not avoid it in real life.

[Mate2237]

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

You got a point because cryptos are decentralized but some of them are not totally anonymous. Again in crypto, there are now regulations (KYC) that are being put in place. This greatly exposes the identity of the people. It's still up to us if we will comply with it or not because there are still fully decentralized sites out there which we can use.

Governments can't totally control the entire crypto world. This is why they are butthurt about it. The last thing that you said is hard. I can't imagine how can someone live or survive without those when those are essential in our life. It's okay to not submit your personal i.d online but we can not avoid it in real life.

Any coins that not decentralized is not a cryptocurrency, that is my view point. Even they are classified as alternative coins but I place them under the category of CBDC. Cryptocurrency is not meant to be centralized and controlled by any authorities because the would control the coin to the extend that the coin can't grow but it will die. As awhead999 placed it, the two different are clear for every bitcoin users to understand. Bitcoin users are unknown because the project was created to be so and decentralized. I think the two are working together.

[Fivestar4everMVP]

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?

Understand that Rome was not built In a day, good things don't come easy, if it comes easy, then it comes common, web3 was only introduced some few years back, web3 is not yet developed to the standard which it can be fully adopted,  there are still very many security flaws in web3 that needs to be fixed before mass adoption happens.

The nutshell is that, web3 is still underdeveloped, in its current capacity, it can't handle the kind of traffick web 2 handles, take the Ethereum network as an example, when many users stated doing transactions on the Ethereum network, what happened?, the network gas fee skyrocketed to prices many users can not afford to spend as a gas fee, that caused many individuals, and projects to leave the Ethereum network for other blockchains with lesser fees, this was how bsc became a major contender in the crypto space..

If every internet user right now should all flock to web3, it is very possible that the system will collapse before our very eyes, simply because it's not matured enough to handle such traffick.

[panganib999]

Mere propaganda. I have yet to encounter a cryptocurrency user that is not concerned about the whether their cryptocurrency is decentralized or not. And that's not to say that I'm only in an echo chamber of people who are die hard fans of bitcoin and its decentralized nature because everywhere I go where there is bitcoin to be discussed they always bring up bitcoin's decentralization as one of its best feature. So to me, this just looks like propaganda put out by anyone really at this point, to make the people lose interest with bitcoin's decentralization and connectively bitcoin itself by means of the bandwagon bias. Ultimately to me they may sway people into their side and antagonize bitcoin but there will always be people who are supportive of bitcoin and are for bitcoin's decentralized nature.

[Gyfts]

Most reasonable people care about privacy but they don't realize how much information are weaponized against them by advertisers, government, law enforcement, etc. They'll sign up for social media apps without having any idea of what information is being datamined and permanently stored. Economic decentralization works the same way, people would much rather rely on someone, usually the government, to sustain economic activity out of ignorance to any other economic system.

Ignorance is bliss.

[adzino]

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.
-snip-

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're right, some people do care about decentralization, but they still end up using centralized platforms out of habit or convenience. It's kinda funny how we don't always notice that are giving up decentralization by using these platforms. But in most case, it is because of how easy it is to use those platforms. Web3 and defi stuffs are new to most people. I guess it takes time for everyone to really get the hang of it and switch to decentralized alternatives. As more people become aware and new decentralized options get user-friendly (which lets be honest, is not at all), we'll see a shift towards those tech. But for now, it's all about spreading the word and making people feel comfortable using decentralized methods.

[dansus021]

What is an example of that? Exchanges will be the ones who need a third party to make sure they don't scam their users. Most of them have no incentive to go decentralized if they can just pay a fee every now and then to make sure they can continue their services and rake in millions of profits.

We gonna take example of Exchanges no matter what Centralized Exchange have a lot of contribution to a whole crypto adoption. In the other hand bad actor makes Centralized Exchange looks bad that is why we need balance. and Decentralized Exchange arrive.

In other industries take a look at commodity and stock exchange, it always uses Centralized exchange so the government can do regulations and protect the customer.

[irhact]

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?

Just because centralized platforms are been used widely by everybody on the planet doesn't mean we don't want decentralization. The problem here is that just the centralized platforms were the only choices available or they were the most popular and people loves using what's popular and trending and that's why we have centralized apps dominating the social media.

Same thing happened in the market before we're now having decentralized exchange trying to get some volume. If we didn't care about decentralization then we won't be using those decentralized exchanges and application that helps keep us anonymous.

[Z390]

People have gotten used to government power and control over their lives, that's why some people are still waiting for the government to regulate cryptocurrency before they have invested their money, those who are out of crypto investment are bigger than those who are into crypto investment and that is fine, it's only a matter of time anyways, gradually crypto adoption will keep growing pace by pace.

Decentralization in the crypto space belongs to Bitcoin because this is the only digital currency that really approaches decentralization, it is fine and acceptable to say that not everyone will prefer Bitcoin, and for many, it will take a longer time for them to realize how important decentralization can be for humanity.

Decentralization can't be forced.

[iv4n]

Does People Really Care About Decentralization?

I think the answer is no, people don't really care about decentralization. And if we talk about people who are not in crypto they don't even know what is decentralization. And when we talk about it they can't imagine moving from the centralized system, it's simply like that, and crypto is created by the CIA to control the world... long story short!

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)...

It's not as mass as we want it to be... so you are not wrong or right, you (like many of us) are just impatient. But things are looking a lot better than 9 years ago (when I found out about crypto). But it's definitely growing, and in some places of the world that growth is faster... while in countries like mine is things are going pretty slow.

[summonerrk]

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 fact is that those who want to have fun on the Internet are the majority.
Many people do not think that we can do everything with the transactions of the world free from intermediaries. They want just watching funny little dogs and cat and playing around in tiktok.
I love dogs and cats too but as a crypto enthusiast, I want the global financial system to finally move to a new level, thanks to blockchain.

Not everyone appreciates decentralization, it will show transparency and immutability of transactions, and this can hinder the business of many intermediaries in the world. Those who are used to making money out of manipulation and the opacity of their affairs.

[Semar Mesem]

I think many people don't care about the idea of decentralization, this is because people will be busy with work or focused on making money, especially if they know the risks of decentralization which can crash money, centralization will of course guarantee that our calculations or estimates of money are more accurate.

[WillyAp]

For web decentral is a bad idea if your Userbase comes from one country. Most websites work that way.
Ok for the million of eBays sure it could work.

[Cryptomultiplier]

The only people I have seen so far that care about decentralization are those who receive payments of make heavy transaction use the system. The tax that would be incurred can not compare to that of a centralized exchange, and anonymity isn't guaranteed after all. So why even bother.
Although the risk involved is more for a decentralized system because if your funds is lost due to wrong wallet address or scammers get ahold of such an address, it can hardly be tracked down.
We also have the issue of market volatility affecting a decentralized system which is unlike that of a centralized system with steady rates.
It finally boils down to individual preference or mode of earning.