Is Bitcoin(decentralization) the end for utopia?

[noormcs5]

Is Bitcoin the final form for humanity?
Decentralization has long been dreamed by all different social models, is there another step to be taken?
Can humanity (humans) learn to hang on and manage their finances?
Or is Bitcoin an experiment to show that we're not capable of managing our own belongings and do require central authority?

Humans are capable of handling their own money in their own hands but the governments won't like to give them this liberty and they want to keep the financial system centralized so that the people are always dependent on the government and governments can always manipulate and take advantage of the citizens.

Even when you talk about Bitcoin, there are many central wallets that will attract us to keep our funds save and give us a password to access our money while the real key is the seed phrase. 

[Solosanz]

Bitcoin is just a decentralized currency, it's a huge change in financial sector, but not the final form of humanity.

Currently people are worried of AI will replace few or many human jobs, the future speculation robots might replace human, but still it's not the final form of humanity.

You can't expect or hope everything should be decentralized for human good, just like this forum it's less decentralized since there's moderators able to delete your post and the administrator know everything behind of each user password, email etc.

[Gyfts]

Humans are capable of handling their own finances. We all have this ability. Government are incapable handling its finances.

Government is an entity that isn't self sufficient, and the elected members of that entity have a vested interested in ensuring its survival and continuation. When they begin to control monetary and fiscal activity within its borders, it becomes an unsustainable balancing act where the cards eventually come tumbling down. Whether it be due to overregulation and centralization of authority, (think consolidation of economic matters away from the constituency and into the hands of bureaucrats/government agencies), corruption, money printing, etc, it isn't possible for the government to manage monetary/fiscal activity without disrupting economic growth.

The amount of "man made recessions" I've seen countries go through, with no fault of their own citizens, is palpable. I suppose in a democratic republic, the voters are they themselves to blame. After all, they elected the government body! But I like to give more credit than might be due because while people understand basic economics, they don't understand governance and bureaucracy.

[Blitzboy]

Humans are capable of handling their own finances. We all have this ability. Government are incapable handling its finances.

Government is an entity that isn't self sufficient, and the elected members of that entity have a vested interested in ensuring its survival and continuation. When they begin to control monetary and fiscal activity within its borders, it becomes an unsustainable balancing act where the cards eventually come tumbling down. Whether it be due to overregulation and centralization of authority, (think consolidation of economic matters away from the constituency and into the hands of bureaucrats/government agencies), corruption, money printing, etc, it isn't possible for the government to manage monetary/fiscal activity without disrupting economic growth.

The amount of "man made recessions" I've seen countries go through, with no fault of their own citizens, is palpable. I suppose in a democratic republic, the voters are they themselves to blame. After all, they elected the government body! But I like to give more credit than might be due because while people understand basic economics, they don't understand governance and bureaucracy.

While I agree that humans have an inherent capacity to manage their finances, Im not sure it's fair to paint all governments with the same broad brush! There are indeed governments that struggle with financial management, but there are others that excel in it. Admittedly, governments aren't self-sufficient entities, but isnt that the problem of it? Governments are of the people, by the people, and for the people. And isnt their continuation an indicator of a working system, albeit flawed?

The point about governments managing monetary/fiscal activity disrupting economic growth - its a double-edged sword. Yes, government intervention can lead to recessions, but isnt the absence of it equally detrimental, causing economic inequalities and rampant capitalism? The underlying assumption that people understand basic economics but fail to grasp governance and bureaucracy is, in my opinion, somewhat dismissive. Isnt it more a matter of access and education than inherent understanding?

[20kevin20]

Currently people are worried of AI will replace few or many human jobs, the future speculation robots might replace human, but still it's not the final form of humanity.

I think Bitcoin is more future-proof than AI. AI is just a hype right now and when people’ll find out it’s not that useful except in a few domains, they’ll be hugely disappointed by what it can do. We’re very far away from a final form of society and I don’t think we’ll get anywhere close to it in the next few centuries (in fact, we may actually end up destroying ourselves and the planet by then lol). This utopia OP is talking about.. we’ll probably never get to experience it. History plays its role very well here, just check out what happened in the past when they tried experimenting with utopic societies. It didn’t go well, every single time.

[Wend]

You can't expect or hope everything should be decentralized for human good, just like this forum it's less decentralized since there's moderators able to delete your post and the administrator know everything behind of each user password, email etc.

When we talk about decentralization, we mean freedom, and sometimes freedom is a good and desirable thing. But if freedom is to the point of losing control, like no leader, no operator...everyone is equal, society will be more chaotic, and then freedom is no longer good. If this forum had no moderators and admins, I don't think it would be maintained today. Decentralization is good in some respects, but this world would be ruined if everything were decentralized.

[Fivestar4everMVP]

Is Bitcoin the final form for humanity?
Decentralization has long been dreamed by all different social models, is there another step to be taken?
Can humanity (humans) learn to hang on and manage their finances?
Or is Bitcoin an experiment to show that we're not capable of managing our own belongings and do require central authority?

First, I do not see bitcoin as an experiment of whether we can be able manage our finances ourselves, personally for me, beyond every reasonable doubt have been able to prove to myself that I can actually manage my finances my self, and it doesn't matter if I am a Billionaire, I can manage my assets without any help from a central authority like the banks and so on..

But then, living in the world where bitcoin has not fully gained the much desired adoption, it is still very difficult and almost impossible to manage your asset without the need for central authority at some point, this is because, businesses are yet to start accepting bitcoin payments for good and service, and other important things for day to day living, so personally, I think until businesses naturally start accepting bitcoin and crypto payments without being asked, centralization will still remain an important part of our system and us.

[kryptqnick]

Is Bitcoin the final form for humanity?
Decentralization has long been dreamed by all different social models, is there another step to be taken?
Can humanity (humans) learn to hang on and manage their finances?
Or is Bitcoin an experiment to show that we're not capable of managing our own belongings and do require central authority?

I think Bitcoin is just a new aspect of life, another layer added to all the rest. It's like a road one can take, but there are plenty of others around as well. Decentralization works, but it doesn't always work, and it doesn't work for everyone. Sometimes people just want a strong authority, someone in charge who'll take care of things, someone to blame if something doesn't go well. With decentralization, people need to be more responsible, ready to take matters in their own hands and push through the bad times without expecting that something will get fixed.