Topic: A completely decentralized world...How will it be? (Read 458 times)

there will be no complete decentralized world as you can believe in. Already Bitcoin is regulated although Bitcoin has never been decentralized

Not exactly. If decentralized solutions prove to be rock-solid in maintaining the world's stability, then there should be nothing to worry about. Since Blockchain and AI are relatively new, they still have some limitations that need to be addressed over time. Despite their limitations, they can become a powerful workhorse being able to enforce the law and keep track of everything as they improve over time. Still though, a decentralized world may take some time before it becomes a reality. Even so, it seems to be more than a dream than anything else as governments and central banks are still in control.

As long as these entities exist, a decentralized world will be far from happening anytime soon. In the bright side, people will still have the choice of performing transactions and interacting with each other without middleman. But, centralization will always be there no matter how hard we try to fight against it. It's great to see how far Blockchain technology has reached, despite seeing much oppression from governments worldwide. Bitcoin, being the world's first cryptocurrency, is still facing scalability issues. The Lightning Network is far from being adopted by the mainstream world, as it's not ready in development yet.

Nonetheless, time will tell us the fate of our world as new technologies emerge which prove to be a great complement towards Blockchain tech. Just my opinion

In a completely decentralized world there would be chaos, people always talk about the advantages of Decentralized world but failed to look at the disadvantage, for people to come to consensus about issue is something that is very difficult to achieved, just look at the crypto space and see what happens with the BTC scaling issue.

The only thing I want controlled though is the news coming out. If news are produced by a platform powered by blockchain, then we shall be able to see authenticity and accountability. Laws can be enforced. Its not going to be a perfect world still but at least we can have transparency and records can be seen by all to prove things. We're not going to be totally paperless, fiat is going to still exist side by side with blockchain.

Good point. However, I believe that AI will be in charge of the world's governance, as it takes decisions based on our behavior. Laws will be enforced by smart contracts living on a single unified Blockchain network. In a decentralized world, there won't exist notaries, cashiers, bank tellers, and most other professions performed by humans today. This is because, Blockchain along with AI will be able to do everything without the need for human intervention. It's been proven that Blockchain is extremely efficient in tracking supply chains, monetary transactions, and even proving ownership of property. On the other hand, AI is proven to be autonomous and self-sufficient taking decisions on its own like a human being.

All of this, would transform our world for the better as human corruption and fraud comes to an end. The government would be operated by AI, but elected by the people as they vote within the Blockchain. Law enforcement (police) would be performed by bots controlled by AI. Using surveillance systems like cameras, and even voice recognition, AI can perform efficiently in preventing our society from breaking the law. As for prisons, it can also be managed by AI using bots. No one will be able to escape, as AI will see everything across cameras and other means.

In the case of cashiers, they will be fully automated powered by AI and Blockchain tech. Since there won't be need for human intervention, most jobs that are performed today by humans will become completely replaced by bots using said technologies. The only jobs existent in a decentralized world, would be developers/programmers, technicians and other areas related to CS and IT.

Nonetheless, a decentralized world seems to be a dream nowadays as governments have not allowed revolutionary technologies like Blockchain and AI to blossom. But, if people being to use these technologies more, then governments would have no choice but to allow them. Just my thoughts

This is the world we actually need. Decentralization play the huge role even now and later it will be much more important.

I definitely think that certain technologies lend themselves to being decentralized, e.g. IoT, the internet, logistics and data aggregation.

However certain legacy and centralized systems will be difficult to decentralize, particularly government systems and other sensitive information, since even a fraction of the whole can cause significant damage if it falls into the wrong hands.

There is no system that does not have its own side effect, and blockchain has lots of side effects too, yes blockchain can be very interesting for the features it has, but still need to be controlled to an extent, if everything operates on blockchain as you said, to the operation of government, then what will then be binding the citizens legally to government for them to be able to control them?

Believe me man, you would not want to live in a world that does not have controls, so any things will go wrong even will the economy, then our prisons will also not function and you see so many people that has committed frauds become free because there is nothing that will henceforth trace their fraudulent activities. You also talked about cashiers losing their function to AI, and then these cashiers, who would provide jobs for them?

Agree. You can expect to see a change in how the world shifts from centralized powers, to full decentralization as people embrace freedom in every way. As I've said before, a completely decentralized world will happen if most people allow it. As they adopt newly revolutionary technologies like AI and Blockchain, society will change in ways that you've never imagined. Else, we'd still be subject to corruption, manipulation, and fraud as it has always been for a long time.

Most people are afraid of change, which is why the advancement in technology has been rather slower than usual. Despite this, there are still many powerful figures in the government that will not allow people to regain control of their lives. Which is why, Blockchain and AI may not be capable of completely transforming our world within the future. What could happen in the future though, is that governments worldwide will adopt Blockchain and AI for their own advantage. Then, the world will operate on a centralized blockchain with one-world currency to rule them all. AI will take part in many life-changing decisions, by it will be largely controlled by the government.

Nonetheless, if a completely decentralized world happens, then true freedom will be achieved like never before. Without human-based governments, and even central banks, people could finally lead their lives towards non-stop success. Just my thoughts

Ever since I have come to understand cryptocurrency, that is the type of world I desire, which I believe will one day cone to pass. A works where state economy is being manage using blockchain technology. A world that is totally free of corruption and that can easily curb it.

It will be a beautiful world where transactions can take place at a cheaper rate and at a faster rate as well. It will also be a world where data privacy is achieved and upheld. Owing to the presence of decentralization, transparency, trust, efficiency and effectiveness will be within any services offered.

A decentralized world may be interesting. However, to be applied in around the worldwide, it will face very difficult condition, terms, and also problem, This world includes numerous societies with different level of knowledge, technology awareness, and also society condition in each country.
So far, decentralized is also not legalized in all countries. That is why it may be difficult to apply. If it may happen, it will need a very long time later when the world with all societies inside is really ready. For now, just focus on the development of the decentralized system around the world, introducing, and also ensuring about the advantages f this kind of system.

It will be a dream come through but my fear is that people might take advantage of it and use it in a negative way just like the incessant hacks going on. Since no one's identity is known, nobody can be called to book.

I think it will be a world free from various forms of irregularities, unfair treatments, manipulation etc. It will be a world where users can control their assets without anyone directing them.
I believe, blockchain still have a long way to go but in the future, decentralization will be the order of the day as most people will see the truth behind it.

Blockchain will allow you to completely get away from intermediaries. and it will be in demand in those industries where so far without intermediaries can not do, including banks.

Not exactly. A decentralized world could have its own laws and regulations, but it'll be governed by Blockchain and AI. Instead of having human-based governments, we could depend on technology itself to do everything a government is supposed to do. With the Blockchain, we could spread our votes in order to elect self-autonomous governments powered by AI. This last technology (AI) will keep track of everything we do in our lives, with the purpose of ensuring that everything is going the way it should be. Policemen (cops) would be based on robots controlled by AI.

On the other hand, Blockchain technology will maintain the integrity of the supply chain, personal & financial information, healthcare, and more. Since Bitcoin's revolutionary technology has been proven to be immutable, safe, and secure, it will enable a new era never before seen. In a decentralized world, the rich people won't have the power to do anything since it'll be egalitarian. Blockchain technology, along with AI will help achieve this.

Despite this, this seems to be quite impossible to achieve in the real world. As you've said earlier, powerful entities like the rich people, and even Banks and governments worldwide will not allow this to happen anytime soon. All they want is control over people, where they will do their best in order to prevent a fully-decentralized world from emerging in the future. They might as well limit the growth of Blockchain tech, before it becomes too big to fail. Just my opinion

It all sounds great, but now I see that cryptocurrencies and services that use cryptocurrencies are moving towards centralization. I do not believe in decentralization, freedom from banks etc., because people have always strived for independence and freedom, but throughout the history of mankind it was not possible to do this. But I know for sure that the blockchain will change our world for the better, because already now the integration of blockchain technology into various sectors of the economy improves its efficiency and ensured its growth.

In crypto, there are two types: decentralized, and centralized (like Ripple) crypto currencies; in crypto market, there are decentralized and centralized exchanges. So, in a world, there is a mixture between centralization and decentralization in crypto. I don't think we will see only one type of them, and that mixture will exist forever.

I don't believe in complete decentralization. To make something decentralized, there ought to be some part where it's centralized.

A great post.. but unfortunately the things that you have posted will remain as a dream forever. A completely decentralized world may be the best thing to happen for people like you and me. But the government and the welfare rats won't agree. And handing out this much freedom to the ordinary citizen is a nightmare scenario for the governments around the world (including the libertarian regimes such as the one we have in Switzerland).