Topic: Decentralization ain't the solution to everything - page 3. (Read 469 times)
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.
Im sure that none says that if the decentralization is exist to solve everything. It's exist to create a system that being decentralized and it can't be taken down easily by the regulators with its centralized system. The decentralization means if the system is getting spread and run by a lot of nodes. This to create a protocol that will always exist as long as there will always be nodes are still running the network.
This to give freedom for people to do anything with it. it doesn't mean all of things will be solved with the existence of decentralization. Some entities in the crypto are also still centralized as well. Crypto is trying to be compliant with regulators.
This to give freedom for people to do anything with it. it doesn't mean all of things will be solved with the existence of decentralization. Some entities in the crypto are also still centralized as well. Crypto is trying to be compliant with regulators.
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.
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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 with you mate, but then, on the other hand, if our government was good to her citizens, would any one be so interested in decentralization?Government are the cus of 90 percent of the problems we face today, try and realize that decentralization didn't breed scammers and criminals, but our government did, there are no jobs, people are suffering, mostly in the third world countries, alot of people are struggling to feed everyday and our government officials are busy looting our money for themselves and their children yet unborn, people are desperate to do anything in other to stay alive and not die of hunger, starvation and health issues, it has gotten so bad that it takes a great amount of self control to not get oneself involved in one form of illegal means of making wealth...
Our government, leaders are the ones who breeded criminals, scammers and not decentralization.
Been lawful or lawless is a choice after all in the centralized society people still device means of executing their crimes and still have an escape root. Just like you wouldn't discourage the internet because scammers use it on their victims same way you wouldn't discourage decentralization because it's an anonymous network. What ever way be it Centralized or Decentralized crime will still go on so let's buy the data security and learn to be security conscious. All I see about the decentralized technology is that it would groom a society that would be every learning to stay out of scammers and cyber hackers
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
You are making a false equivalence, decentralization like anything else in the world can be used for both good and evil, does this means that we must avoid the decentralization of parts of the economy just because a few criminals can get away more easily with some crimes?Obviously the answer is no to that, also it can be argued if it is in fact as easily as you are making out to be to get away with crimes by using cryptocurrencies, when we know that most of the crimes are committed with fiat currencies and with banks that force you to go through KYC, and still the police cannot or does not want to arrest the people behind massive frauds and scams.
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
Crime occurs depending on the intention and the opportunity to commit the crime.
Decentralization and centralization can also be used by good people and can also be used by criminals. The law cannot guarantee a person not to commit a crime.
Most countries have strong laws and strong security forces, but crime rates are also higher.
Good and evil deeds depend on one's personality.
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
So, do you think decentralzation has become a solution for everything? this is really wrong. Decentralization and centralization are there in the crypto. Any entities that being act as a decentralized entities were working on their field while the centralized entities are also doing the same thing like that. Free from the governement didn't mean if you can leave 100% from the government. The law is needed but since this is decentralized networ and that will not mean a lot. 
Decentralization is like giving criminals 200% freedom to do what they like and escape with it,
I should remind you there's no way for the criminals to cash out their money other than cex. Doing p2p trade was not possible anymore due to the so many scammers in the market. Remember almost all of cex was implementing KYC verification and this is preventing the criminals to be able to cash out their money to their personal bank account. 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
that's why decentralization has both advantage and disadvantage. That depends on what will be chosen by people whether they wanna use blockchain for good or bad. Regulation already implemented to the important sector like centralized exchange site as this has become the gate way for money to come or out from the market.
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
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
See if i said this is a misconception understanding I'm not mistaken, because from your views i have to comprehend that we have an intellectual and intelligent, so, the decentralization you are emphasising on is the intellectual aspect of decentralization Which is been known as education and government kinds of explanation, Yes of course decentralized is a liberty, a freedom and also a independent, but in cryptocurrency the point you are narrowing as freedom of crime or criminals, it's not applicable to cryptocurrency, so in cryptocurrency it's a way of taking care of what you have without second and third party, you have your freedom of having your things in your own ways.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
No that is not what decentralization is all about, decentralization is all about giving the power back to the people but we are the ones not using that power properly. We let the scammers take control but that should not be so. we have to power not to invest in a certain project but we still so because we are after the quick profits but end up losing the little we have saved.
If there was no government then we could have vigilantes that will look after our community, that we can also have in the cryptocurency community just as we have in the forum with the DT members. We can do without the government and do very well as a community.
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
Of course, everything in life has a trade-offs, like what you said.
Most of the times criminals try to hide their crime because crypto is supposedly (psuedo) anonymous. This happen on the ICO boom in 2017, wherein criminals will just create a project with fake names and identities and pictures and then ran off with investors money.
So again, we should be very vigilant in crypto on where to put our money on these so called projects as they could be just criminals behind it.
Decentralization is good and it's just the finance system that is decentralized not the decentralization of authority.
Law exists everywhere plus the transparency provided by the blockchain, it might just be easier for the police to enforce the law than criminals having 200% freedom. The authorities can apprehend real criminals with blockchain transparency than having privacy with a fiat system.
Law exists everywhere plus the transparency provided by the blockchain, it might just be easier for the police to enforce the law than criminals having 200% freedom. The authorities can apprehend real criminals with blockchain transparency than having privacy with a fiat system.
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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
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
Using a Decentralized system means you want to be free from centralized rules and protection rights. Many people easily use decentralization without being prepared and understanding the consequences, as a result they are vulnerable to becoming victims of crime and not knowing what to do to protect themselves.
Although some think centralization is a government tool to "steal" their rights, they also forget that the government offers guarantees and responsibilities in return. I don't think the government is stealing, it's just doing business. Then it is your decision to take the business contract or do business independently.
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
You know that people also launders money and commits crime using fiat currency right? In fact more crimes have been committed using fiat currency than bitcoin. Not only fiat, but also using physical goods and gift cards people commit various financial crimes. So centralized system also isn't perfect. Moreover, the centralized system can help criminals hide their crimes. Governments can misuse their funds and no one will ever know. On other hand, decentralized system having public ledger, it's almost impossible for them to misuse the funds because everyone can see where the funds are entering and leaving.
I think you are getting the concept of decentralisation in Cryptocurrency wrong, it is about a system that doesn't require a central authority to function effectively and efficiently. It doesn't mean that we should adopt any coin that has decentralisation written all over it. Bitcoin is decentralized, Dogecoin, LTC and a lot of others are decentralized.
The system is designed to be trustless meaning everyone can verify information for themselves on the blockchain and I am not referring to smart contracts here.
Talking about criminals, I can't even understand how that comes in because from my view decentralisation is the best way to reduce or even eliminate criminals.
The system is designed to be trustless meaning everyone can verify information for themselves on the blockchain and I am not referring to smart contracts here.
Talking about criminals, I can't even understand how that comes in because from my view decentralisation is the best way to reduce or even eliminate criminals.
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
Decentralization is like a double-edged sword which it could really have its con's and it's pros since the person who would be using it would be the ones who would decide on how they wanted for things to be whether they would make use it for some purpose or would use it on illegal matters.It would really vary on how it would be used and thats the reality that we couldnt really stop because does have different mindset when it comes to this whether you do like it or not
there would be still people who would really be doing those things .
The OP has some valid points but in any industry, scammers or criminals are always there.
They are just waiting for some victims to fall on their trap.
Decentralization has their own pros and cons, and as a user, it depends on how you want to use such services.
You can't stop those fraudsters to do their scamming, but you can always report them if you find one.
Report in google if the site is scamming or phishing site. Because as you don't know their identities, would be hard to run after them.
Before decentralization criminals has had 1000% opportunity, decentralization didn't cause the problems of the world, decentralization has great properties one is securing your identity, freedom and privacy. We have loved in a world of checkmating and terrible crimes are been unsolved, I think the decentralization has even helped us because of its transparent nature, you can't tamper with it or falsify it. So i remain of decentralization.
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
yeah but it would like to call that as a double edge sword. It gives a way for criminal to do various things and this is has become the main concern since a few years ago. that's why I support that if centralized exchange site needs KYC to make sure the scammers or crimminals will not able to do money laundry for their money but so many people against KYC that implemented by CEX. 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
Yeah. that's why decentralization sometimes needed and in another time it's not needed at all. Some entities in the crypto comply with the regulations and that's why it's not 100% free from the regulation it caused by the system in the crypto is giving anyone freedom and anyone who used the blockchain has become pseudonymous. Jump to: