Topic: Decentralization ain't the solution to everything - page 2. (Read 388 times)
Decentralization isn't the solution and the best part for some industry centralized systems were more effective than the decentralised ones. So, it is good to go with the required technology. In simple decentralised blockchain technology could make a big change in the financial system. The same serves every industry, but the need is limited and it isn't required. Even the traditional system is doing it in a perfect manner.
There will never be a solution without some disadvantages in this world, even in churches where people pray and worship God there are many crimes and disheartening secrets among the people of God, remember Jesus is an example of perfection and yet he was betrayed, it's everyone's choice to either use decentralized opportunity for good or for bad
You nailed it with a good point. Although at OP is having a weird understanding about decentralization, it's not a license for a criminal prone society. It's only a technology that is developed to give you full control of your funds without giving out your personal data to any one in the name of KYC. When it comes to crime it can be committed both in the centralized and decentralized society so I feel the issue is not with the technology rather it's the society that needs to get reformed so the can suit in properly to the decentralization. I would say decentralization will instill the need for everyone to be cyber security conscious decentralized stuffs then you would be always finding ways to do it if you do really mean to do so thats why its not just right to put focus or emphasis just because of its anonymity feauture.
Yes, it is the perfect recipe but to think that this tech wasnt really created for that purpose.It is just people do able to find ways on making use of it on bad stuffs.
There will never be a solution without some disadvantages in this world, even in churches where people pray and worship God there are many crimes and disheartening secrets among the people of God, remember Jesus is an example of perfection and yet he was betrayed, it's everyone's choice to either use decentralized opportunity for good or for bad
You nailed it with a good point. Although at OP is having a weird understanding about decentralization, it's not a license for a criminal prone society. It's only a technology that is developed to give you full control of your funds without giving out your personal data to any one in the name of KYC. When it comes to crime it can be committed both in the centralized and decentralized society so I feel the issue is not with the technology rather it's the society that needs to get reformed so the can suit in properly to the decentralization. I would say decentralization will instill the need for everyone to be cyber security conscious Doesn't mean that Decentralization is made to support crime, right? It's just a tool and the nature of the tool depends on how the user uses it. Decentralization does not make it an object of deception or malice. It's just that because of its nature which refers to freedom, anyone can implement it in the direction the user wants. But I emphasize, we still will not be separated from the government if you yourself are still recognized as citizens. However, in terms of financial freedom choices, the state also often does not like the concept of decentralization to work, arguing that no taxes go into the state treasury.
I never said it was meant to support crime I'm only refering to Decentralisation on the blockchain technology, honestly scammers are taking huge advantage of this meaning it's not working as we hoped for, still centralised makes more sense it's why I support crypto regulations 
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
From the start, decentralization was like a double-edged sword, it could be very beneficial or even detrimental. but despite all that we need decentralization, because freedom is no longer a choice but a necessity. centralized system is not feasible in this era. too many restrictive rules and all that is not profitable.
Of course, there are no problems that can be solved with just 1 or 2 systems, there are too many and complicated transaction systems that make us always have to know the latest developments, even now the idea of centralization in stable coins that can create the impression of decentralization will slowly fade away.
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
Everything cannot be 100%. Some laws in just about every country favor some and not the other groups. We have seen laws that people say favor the rich in the country and maybe favor only the politicians. So when it comes to crypto Decentralization, of cause you will expect that there are people that will take advantage of that aspect of the ecosystem but this doesn't mean it is bad. 
It's not like that, my friend. Every program is built with a good purpose in mind. It is impossible for decentralization to give criminals the freedom to commit crimes. Concerns like yours can also be assessed positively and your concerns on Decentralization are like the concerns of many parties on crypto that can be misused.
Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.
Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
From the start, decentralization was like a double-edged sword, it could be very beneficial or even detrimental. but despite all that we need decentralization, because freedom is no longer a choice but a necessity. centralized system is not feasible in this era. too many restrictive rules and all that is not profitable. 
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes
(....)
I agree. Decentralization has a role to play in establishing trustless systems whereby code is law but as humans we need regulations and oversight in particular matters.(....)
(....)
So, we can't blame the technology here, overall it's the people who are using it. And I agree that we can't avoid these such things.
Decentralization is just the finance system being decentralized and not decentralizing the power of authority.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime. Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime. Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.
This doesn't take into account that decentralization creates new attack vectors that are attractive to criminals, especially with irreversible transactions. Also, cryptocurrency transactions will eventually have the option of being (if they aren't already) fully anonymized and impossible to fully track with the growth of decentralized exchanges. Decentralization can thus be viewed as positive but with its own set of problems.
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
I agree. Decentralization has a role to play in establishing trustless systems whereby code is law but as humans we need regulations and oversight in particular matters. For example, I think it will be very positive once banks start to offer custodial services so that ordinary people can earn staking and other income with the peace of mind in knowing they do not have to worry about private keys and other technical matters. Of course, as cryptocurrencies are decentralized there is also the option to manage one's own cold storage.
Even before the existence of decentralised network there were criminals and crimes. There is no data stating that blockchain/development of decentralised network have paved path for the increase in crimes. Even now fiat is being demanded and more illegal transactions happening in dollars than these decentralised cryptocurrencies. Decentralization serve as an alternate to the traditional system where everything is centrally connected. It is upto the user to go with the choice.
Just think of it, in a bank an user have deposited $50000 and now to withdraw the same user got into robery. This has happened as a result of the country's currency crisis.
Source : Man Robs His Own Money
Just think of it, in a bank an user have deposited $50000 and now to withdraw the same user got into robery. This has happened as a result of the country's currency crisis.
Source : Man Robs His Own Money
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
Ok, so I am thinking that your distinction between decentralization and regulation is not a very good one. What makes decentralization so lawless to you? It just means that no central place can control or manipulate the money/transactions. If your computer explodes, your money won't disappear. Furthermore, most coins are not really privacy coins, so again, they can easily be traced to said criminal. That way, the criminal can't use/sell his coins when everyone knows they are illegal.
If anything, that makes blockchain and the decentralization it offers a much better alternative to fighting criminals than the untraceable, forgeable and unregulatable pieces of recycled toilet paper (aka paper money) which you seemingly prefer
Decentralization is just the finance system being decentralized and not decentralizing the power of authority.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime. Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.
The blockchain technology will help law enforcement take action against criminals who are trying to commit crime in secret.
Decentralization is the ultimate power of anonymity!!.The decentralized system is perfect for hiding illegal activities.
It is no longer necessary to have a centralized leader to take action against criminals who try committing their crimes in secret!!!!You can't take action against someone who's anonymous, so decentralization helps law enforcement cut down on crime by adopting a new approach to investigating crime. Law enforcement will be able to prevent crime before it occurs and identify criminals much faster than ever before.
Decentralization is like giving criminals 200% freedom to do what they like and escape with it, this is like a lawless country where criminals can get away with crimes and on the other part Decentralisation is freedom for good people too, we want to be free from the government and powerful people but honestly law existed for a reason in the first place, for everyone complaining about the government just imagine if there is none
Don't blame decentralization entirely when there's a lot of criminal activity, because it depends on how people use it. Because after all nothing is
perfect and has flaws, but as long as we get more benefits from decentralization, why should we hesitate to support and use it. And do not trust
100% of the data provided by the government, because from the start the government did not like decentralization, it is natural that the government
only focuses on reporting negative things about decentralization. So try to gather information from various trusted sources and learn more
about decentralization, I'm sure you'll start to understand why so many people are starting to support decentralization.
The gateway for crypto users to cash out their money must have comply with the regulation. There's no chance for the criminal to do that other than make their identity getting verified to use the exchange site. The only problem is mixing platforms which make them able to remove their trace. Im personally thinking that if centralized exchange site is not too bad at all. This is also preventing the scammers to cash out their money from fooling people to buy the scam token. As you can see that so many people are always getting scammed caused by that. Here's the main concern we need centralized platform as well at the same time.
Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.
It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.
Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.
Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
This is the same as saying money laundering didn't exist before crypto, lol. I watched breaking bad many times and I loved that show, and they used a car wash to launder the money, no crypto at all. So all in all, I would say that crypto is not used for bad as much as it is used for good. I am sure that high powered people and wealthy people are all worried about crypto because it gives the regular folk to get richer, and they want to keep us poorer since that would allow them to be powerful, if we were all equals then they wouldn't hold the same power to us. How would Amazon make tens of thousands of people work under the poverty line if they were involved with crypto and make good returns? So the only reason why governments and other agencies are looking into crypto and finding a way to centralize it is the fact that they want to keep a check on us and make sure we do not get out of line.
It's not like that, my friend. Every program is built with a good purpose in mind. It is impossible for decentralization to give criminals the freedom to commit crimes. Concerns like yours can also be assessed positively and your concerns on Decentralization are like the concerns of many parties on crypto that can be misused.
Everything can be misused and turn into crime and even on centralized platforms, there will be a crime.It's not about the purpose of decentralizing is about the scam, it's also about if you are worried about your privacy which is putting your life in danger. The decentralized platform can avoid also possible crime like hacking or any fraud activity, if you know how this will work you will be totally safe upon using a decentralized system.
Maybe a decentralized system is not a solution for everything but at least it can help and give contributions to people that wanted to have freedom, financial and privacy, not a crime.
It is not the solution for everything, but it is much better than the existing system, I mean centralization. It is true that everyone benefits from decentralization, including criminals, of course, but this does not mean the abolition of a good system because it allows the benefit of some criminals. The majority of society benefits from decentralization and criminals are the minority, so it is not fair to abolish this system In which most people benefit in order to prevent some criminals, we can find other ways to prevent criminals from taking advantage of decentralization while preserving the good advantages that centralization has, basically this argument is used by governments to fight decentralization and maintain their centralization and control over everything.
Currently, decentralization works more on us because we can feel the freedom that we can't even experience from a centralized system. And that also includes those criminals, but this decentralization is not made to increase the rate of crimes but rather to help us live the better way we want it to be, and this centralized system is not capable to give us that. In fact, i have here the 3 important advantages of decentralization. Check it out: https://www.inc.com/kenny-kline/3-important-advantages-of-decentralization.html Jump to: