Does People Really Care About Decentralization?

[electronicash]

internet users are not conscious of the information they share about themselves even on social media. they do have school IDs and driver's licenses somehow on their facebook making them not anonymous.

anonymous is a plus but i think not being anonymous is not what decentralization is. it's about no one controlling and collecting data from a decentralized platform, especially in finances.

[nara1892]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

[usekevin]

Decentralised had played huge role in the history of bitcoin a lot.Because bitcoin is decentralised crypto currency,the creator of the bitcoin doesn’t have a control over the bitcoin price.As we know Ethereum is the centralised cryptocurrency,the owner of Eth had control over the entire price of Ethereum.This decentralised system had made the bitcoin top the crypto currency in the market,So traders can inverse in the decentralised currency to earn more profit at any time.The decentralised doesn’t allow us to find the coin which send wrong address because of it’s decentralised behaviour.

[BVeyron]

Decentralised had played huge role in the history of bitcoin a lot.Because bitcoin is decentralised crypto currency,the creator of the bitcoin doesn’t have a control over the bitcoin price.As we know Ethereum is the centralised cryptocurrency,the owner of Eth had control over the entire price of Ethereum.This decentralised system had made the bitcoin top the crypto currency in the market,So traders can inverse in the decentralised currency to earn more profit at any time.The decentralised doesn’t allow us to find the coin which send wrong address because of it’s decentralised behaviour.

Decentralisation is really a good technology for storing data, it has all the benefits you describe. But in practical use its benefits are often overestimated. First, storage of so much data copies in so many computers leads to problems with overlaying the data. Mining facilities possess enough resources to compute, while internet communications don't. This leads to continuous fixing of forks, and at some moment the overall system can fail in unifying the whole worldwide data. Second thing is that it has tendency to centralise through seemingly decentralised association of main holders, whose collective interest is to hold people under control via the money they collected. We can see the same thing with USD and other fiats: main capital holders are also a problem, not only the printing site. However, no possibility to emit money from a centralised organisation is a great step towards fair currency dynamics even if it doesn't solve the problem of capital holders. IMHO, benefits of decentralised currencies overrun their drawbacks, but in order to build up fair economy there should be ways to decentralise not only emission and support (mining), but also capital distribution.

[Vishnu.Reang]

In my point of view in some situation decentralization really matters,  decentralization can also be important from a legal point of view, especially in the United states. Bitcoin and Ethereum are largely exepmt from regulatory pressure because they're decentralized and not controlled by any one person and in another situations it's just not that important. Everyone can choose which blockchains they use, and weather they want to pay higher transaction fees to crypto cryptocurrencies.

[Inwestour]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

For some, this is a matter of habit, for some it is convenience, but if you remove one thing now, then many will lose their usual comfort. It seems to me that people are not very worried about decentralization, because it is important for them to shift their responsibility to someone else, let banks be responsible for their money, the state is responsible for their pension, this is convenient because you can always find the culprit if something goes wrong. And this is not their fault, they were just taught like that from childhood, and it seems convenient to them.

[bayu7adi]

It is important or not?, the truth is that decentralized systems are very important. Some features that are not available in centralized systems, such as transparency, security, and full control over personal data, are aspects that can be emphasized on decentralized platforms.

However, why are centralized platforms superior in some sectors? Because their teams and developers know what users need.

Large Marketing Budget and Advertising
We know that centralized platforms have a large budget for marketing and advertising needs, so they are able to attract a wider audience. Unlike decentralized systems, which seem to have a limited budget.

Better UX
Centralized platforms mostly provide a better user experience compared to decentralized platforms. We all would prefer a platform with many features, interrelated services, short page loading speed, easy accessibility, and so on.
Example :

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.

Network and User Management
This is a strategy of centralized platforms that makes their services more reliable, due to the management of a large user base. Whenever there are many users, new users will come because this is included in the network effect. A large number of users can certainly increase the value of the related platform. And this is closely related to user trust.

This is my opinion without taking sides between centralized and decentralized platforms.

[South Park]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

For some, this is a matter of habit, for some it is convenience, but if you remove one thing now, then many will lose their usual comfort. It seems to me that people are not very worried about decentralization, because it is important for them to shift their responsibility to someone else, let banks be responsible for their money, the state is responsible for their pension, this is convenient because you can always find the culprit if something goes wrong. And this is not their fault, they were just taught like that from childhood, and it seems convenient to them.

The people of today are so used to delegate everything to someone else that they simply do not understand our objections to the massive amount of centralization we are witnessing these days, the only way for them to understand is for the current system to collapse and realize that leaving their fate at the hands of others and hoping to not get screwed is a huge mistake, but who knows how long it will take for this to happen, and until then bitcoin will have to make do with our support.

[nara1892]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

For some, this is a matter of habit, for some it is convenience, but if you remove one thing now, then many will lose their usual comfort. It seems to me that people are not very worried about decentralization, because it is important for them to shift their responsibility to someone else, let banks be responsible for their money, the state is responsible for their pension, this is convenient because you can always find the culprit if something goes wrong. And this is not their fault, they were just taught like that from childhood, and it seems convenient to them.

The real problem that is happening right now is that we are still quite dependent on fiat which makes us inevitably have to do this in centralization.
We live where the rules regarding decentralization are still being developed and of course as long as this is still happening, centralization is still something that is indeed quite important. Even though we don't believe in it because it is indeed considered as one that is indeed deviant when it comes to financial freedom, things like this still cannot be simply dismissed.

[Lorence.xD]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

For some, this is a matter of habit, for some it is convenience, but if you remove one thing now, then many will lose their usual comfort. It seems to me that people are not very worried about decentralization, because it is important for them to shift their responsibility to someone else, let banks be responsible for their money, the state is responsible for their pension, this is convenient because you can always find the culprit if something goes wrong. And this is not their fault, they were just taught like that from childhood, and it seems convenient to them.

The real problem that is happening right now is that we are still quite dependent on fiat which makes us inevitably have to do this in centralization.
We live where the rules regarding decentralization are still being developed and of course as long as this is still happening, centralization is still something that is indeed quite important. Even though we don't believe in it because it is indeed considered as one that is indeed deviant when it comes to financial freedom, things like this still cannot be simply dismissed.

If you think of it, decentralization also has pros and cons which it would be hard to adapt in real world. We all know the good benefits of controlling your funds and have freedom to do your will for your funds, however centralization is still a must as it gives us security and assurance. Since decentralization are also more on fraud, scam and criminal activities that may cause chaos in the economy soon. That's why it's the centralization job to maintain the peaceful economy for their people.

[Mr. Magkaisa]

    -  Actually, here in the crypto business we can't deny that there are still many people who enjoy decentralized exchanges, maybe most of the centralized ones who entered cryptocurrency have just gotten used to it.

But if we look at both of them, they have the same pros and cons, in short they also have a big difference when it comes to its features. There is Cex without DEX and vice versa also with DEX of course.

[Ultegra134]

I do care about decentralization when it comes to cryptocurrencies and dealing with money, in terms of exchanges or staking platforms such as Beefy. However, our personal details are out there, on social media platforms, in our emails, and on all services that deal with our information. On top of that, they can never truly be erased from the internet, no matter what; thus, our digital footprint remains forever, and there's nothing we can do about it.

As a result, to a large degree, I've stopped caring too much; however, at least I try to avoid sharing any unnecessary information or signing up for sketchy services.

[YUriy1991]

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.

It is true that many projects based on Web3 have struggled to gain traction and adoption, which is why the concept of Web 2.5 has emerged as a possible solution to bridge the gap between Web 2.0 and Web 3.0. and  One reason for the slow adoption of Web3 could be attributed to the fact that it is still a relatively new and complex technology that may be difficult for the average user to understand and navigate.

Additionally, the convenience and familiarity of centralized platforms may be hard to overcome for some users, despite the potential benefits of decentralization.

However, as more people become educated and familiar with Web3 technology and its potential benefits, we may see a shift towards greater adoption and use of decentralized platforms and applications.

About Does People Really Care About Decentralization?n as you said I don't think it's because people don't care about decentralization, but they don't fully realize its benefits and how it can change the game of the internet as we know it.

[ilovealtcoins]

Of course, decentralization is important, but what do people need more than money? Without money, what is privacy or decentralization for? All will be in vain without creating value. People invest in bitcoin because what they need is money, and only when they have money do people think about privacy. As for those who have no money, decentralization is useless as I said.

[Wind_FURY]

Actually when looking at it as a whole for myself personally, I care quite a lot about decentralization but not all that is done must always be decentralized because in other cases I also still need a centralized system.
Actually it depends on which perspective we see, I think as long as it is centralized it is still better from one aspect then it can be done but on the other hand from another perspective when decentralization is better then the choice means there. I'm not going to be naive about this because as long as I still have an advantage for myself in both then I'll use it because indeed we live, of course we have to find the easiest way to deal with it.

For some, this is a matter of habit, for some it is convenience, but if you remove one thing now, then many will lose their usual comfort. It seems to me that people are not very worried about decentralization, because it is important for them to shift their responsibility to someone else, let banks be responsible for their money, the state is responsible for their pension, this is convenient because you can always find the culprit if something goes wrong. And this is not their fault, they were just taught like that from childhood, and it seems convenient to them.

Is it really a matter of habit, truly just a matter of need or what they think they do/don't need? I believe it's more about the need/what they think they need. Ask an ordinary person, let's pretend the person has an idea, if he/she needs decentralization, and I'm very confident the answer from more than 80% of them would be "NO". Which true in my opinion. Decentralization doesn't have to be everywhere in our lives, although we truly need a decentralized, permissionless, censorship-resistant cryptocurrency as a fall-back in case our current financial system fails.

[Aanuoluwatofunmi]

I will say that many are yet to know about what decentralization really mean, being decentralized is not in buying bitcoin alone but where to have it stored is also very important, the kind of crypto that we choose is also to be considered because every other cryptos were regarded as centralized except bitcoin but you must ensure that your bitcoin is in your personal decentralized wallet, a cold storage preferably is good for use, many heard about decentralization but don't know how to realize it into effective use.

[2double0]

We cannot go totally decentralised, we must need to use centralized places to be recognised in the decentralised world even through an alias. And most important, we need centralized apps as a medium to grow the decentralised platforms that are not recognised to the level of extent we want them to reach. It's been over a decade since we are in crypto, but tell me one decentralised exchange that is being used highly over centralized ones eg. Binance. The decentralised exchanges like uniswap charge too high in fees for each transaction, be it approving a token or swapping one or even transfers. That is just one reason as an example that why people don't prefer decentralised platforms over centralized.

[savetheFORUM]

    -  Actually, here in the crypto business we can't deny that there are still many people who enjoy decentralized exchanges, maybe most of the centralized ones who entered cryptocurrency have just gotten used to it.

But if we look at both of them, they have the same pros and cons, in short they also have a big difference when it comes to its features. There is Cex without DEX and vice versa also with DEX of course.

If you talk about features, yes, it's very evident that there is a very big difference in that sector when compared between a centralized exchange and a DEX, because a DEX is most commonly just used for swapping cryptocurrencies back and forth and there aren't a lot of other options available to it, while a centralized exchange provides a whole lot of features and tools for its users.

Also, they don't really have the same pros and cons since there is a very big difference between them, a centralized exchange will surely have more pros and cons than a decentralized exchange since a DEX has very limited features.

[Lanatsa]

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?

Not totally suprising when it comes to the masses would go along on whats the current trending or where do most people do go, doesnt mind if they wouldnt really be that anonymous or something that do talks about decentralization or other stuff. Its not shocking that people would go along into those traditional things, as long they arent doing something bad then they wouldnt mind if their information would really be known and exposed.

One thing here is about on social media on which most of their life happenings and events are even posted which we know that this is really a security risks on where letting the public
see on whats happening into your life but since we are on a digital era then it turns out to be that so casual.

[Wind_FURY]

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?

Not totally suprising when it comes to the masses would go along on whats the current trending or where do most people do go, doesnt mind if they wouldnt really be that anonymous or something that do talks about decentralization or other stuff. Its not shocking that people would go along into those traditional things, as long they arent doing something bad then they wouldnt mind if their information would really be known and exposed.

One thing here is about on social media on which most of their life happenings and events are even posted which we know that this is really a security risks on where letting the public see on whats happening into your life but since we are on a digital era then it turns out to be that so casual.

I believe when each region of the world has implemented, and deployed their systems for CBDC, more and more people will learn, THE HARD WAY, that there is a place for a decentralized cryptocurrency in their lives as a back up. It will be an issue among ALL the masses, and then I'm very confident that Bitcoin will be something of high valuable that what it is today. It will not be a "Criminal Coin" but a "Freedom Coin".