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Topic: Decentralization ain't the solution to everything (Read 469 times)

legendary
Activity: 3220
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One thing is certain, centralized fiat will never be obsolete. Decentralization will never be an answer to all existing problems today but it will help to empower the people in the society to exert an influence over the current local governance. This will give us more freedom to do what's best for us and not just totally dependent on the centralized government as they can do less but more on their own advantages.

While decentralization is NOT the solution to everything, it will certainly make an impact over our daily life. Fiat won't be going anywhere since it's backed by mainstream governments and banks alike. That's where decentralized cryptocurrencies like Bitcoin and Ethereum come into play. They bring financial freedom to those who need it the most. It's up the person to decide whenever he/she wants to use centralized money or all the other way around.

One thing for sure is that developers don't seem to understand that decentralization is not meant for everything. Projects often use the term "decentralization" in order to attract the masses. After all, it's a "catchy" phrase in the crypto/Blockchain space. Eventually, everyone will realize that some things are meant to be centralized. Games are meant to be hosted on centralized servers due to the large number of resources they consume. If placed on a decentralized blockchain network, they would face scalability issues. The same can be said about hosting websites on the Blockchain. At least, decentralization is emerging as a "force to reckon with".

As long as the whole world doesn't become centralized, there should be nothing to worry about. Just my thoughts Grin
hero member
Activity: 2814
Merit: 576
There's advantages and disadvantages for the two sides and I think we need to embrace every last bit of it and be watchful in what we do. In this decentralized market, we decide to be the better ones and consistently look out which is great and avoid the awful activities that will simply suck our cash. I think the decentralization has even aided us in view of its straightforward nature, you can't alter it or adulterate it.
In a decentralized system, people has given more rights to be able to maximize the profit taking without having interrupted by the government or people in authorities. So this decentralized market is more beneficial for us. But i believe that people still need rules and policies from a centralized government because that will maintain the harmonious relationship between individuals with different goals. So for me, if both will be possible, that will create the best advantage for us.
hero member
Activity: 2940
Merit: 613
Winding down.
You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts Grin
One thing is certain, centralized fiat will never be obsolete. Decentralization will never be an answer to all existing problems today but it will help to empower the people in the society to exert an influence over the current local governance. This will give us more freedom to do what's best for us and not just totally dependent on the centralized government as they can do less but more on their own advantages.
hero member
Activity: 1260
Merit: 504
There's advantages and disadvantages for the two sides and I think we need to embrace every last bit of it and be watchful in what we do. In this decentralized market, we decide to be the better ones and consistently look out which is great and avoid the awful activities that will simply suck our cash. I think the decentralization has even aided us in view of its straightforward nature, you can't alter it or adulterate it.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts Grin
I think the reason that people have not adopted bitcoin as widely as we want is because they have very short memories, the whole economic system failed 3 times during the 20th century and a new system had to be imposed.

The difference now is that we have a decentralized alternative, so when the current system falls, whether it is tomorrow or in a few decades, people will begin to try to find solutions to their problems and bitcoin will be there for them, and once they taste the freedom that bitcoin brings many will not trust whatever system gets imposed at the time.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.

I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money.

Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts Grin
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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
You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.

This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.
legendary
Activity: 2618
Merit: 2304
I think that decentralization has never pretended to be a solution to everything. Nowadays this word is commonly associated with the blockchain technology invented by Satoshi Nakamoto in 2008. I am sure that decentralization is a must for international finance, therefore Bitcoin and other reliable altcoins solve the problem of safe storage and secure transfer of funds without the need to trust third parties, such as banks backed by national governments that pursue an independent foreign policy and may be in opposition to each other.

As far as I know, after the creation of Bitcoin, no major bank comparable to Lehman Brothers went bankrupt. I dare say that decentralized cryptocurrencies are currently disciplining traditional financial systems, so bankers are doing honest business to ensure the trust of their clients. This is a good side of the existence of cryptocurrencies in general.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
If anyone still thinks that decentralization is using your crypto however you want and be able to hide it from everyone, then they have never learned what decentralization means. The reality is that decentralization means there is no central organization that can control the crypto. Just to give an example, Bitcoin is decentralized and yet you still share your KYC with your exchanges and governments looks at what you do, they could decide on something that is legal or illegal based on how you use it, if you buy drugs with it and they learn about it then they could still jail you.

So, just because there are regulations about it doesn't mean that it is centralized. Can government print more bitcoins? Could it be more than 21 million bitcoins? No. Could they reverse a block? No. These type of code related stuff are the things that make it decentralized, not the regulations.
sr. member
Activity: 1918
Merit: 256
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But what we are seeing now is that everything is going well, decentralization is used in future financial technologies such as blockchain. Maybe in the past decentralized cryptocurrencies were only used for illicit goods transactions. But now we see decentralization is a concept that will soon be used around the world in all technologies. I've always thought positively about this.
sr. member
Activity: 1792
Merit: 293
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I think it's balanced, if evil gets easier with decentralization, so does good. As long as our intention is to use a decentralized system well I think this will actually make it easier for humans in the financial system and other technology-based programs.
legendary
Activity: 1932
Merit: 4602
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Decentralization is very beautiful words, but it is impossible in the modern world. The Internet is centralized, most services are centralized, and most cryptocurrency transactions take place on centralized services. And if you commit a crime, it may not be solved because it is minor, but if you commit a serious crime, then you will be found.
full member
Activity: 1092
Merit: 105
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to some extent, you are right, there should be legality in all areas, but I suppose it is not clear with taxes...why would people have to pay for cryptocurrency trading, this is intellectual property, and hard work, in general, you need to look for a compromise in any case, so that everyone is happy.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
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 can be either good or bad, depending on how people use it. I wouldn't say decentralization gives criminals freedom, since it's easy to catch malicious actors within transparent blockchain ledgers like Bitcoin and Ethereum. Maybe privacy coins, but with centralized exchanges dominating the market, I doubt it. Of course, no one said a decentralized system would be perfect. Everything has its flaws no matter how revolutionizing it claims to be. The person is responsible of doing the right thing with any given technology. Governments will then devise laws that could penalize malicious behavior.

I have to agree that decentralization isn't the solution to everything, as there are some things meant to be centralized. Developers are just driven by hype, so they're trying to shift everything into the decentralized realm. But that's not the way it works. Things like websites, online gaming, etc. are meant to be run on centralized servers. If you make them decentralized, then network congestion will increase like never before. A hybrid solution (centralization + decentralization) would be a better approach for transforming existing technologies. Who knows how governments will be able to successfully regulate decentralized protocols in the future? Just my opinion Smiley
legendary
Activity: 3038
Merit: 1166
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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

Decentralization doesn't have anything to do with legality. It's just a way to secure something. Decentralization doesn't take away laws, it's just a new way to secure data. There are different kind of protocols to do this with and not all of them are a way for escaping regulations.
sr. member
Activity: 1400
Merit: 259
I didn't read any article that says it is the solution for everything. It is a solution for something, yes that is correct but not for the every industry in one government. One good example is the financial institution. It could speed up the process of everything if the workload will be divided in small groups given the authority and being more productive to enhance their services.
Without a government, we are doomed but we cannot stay with the traditional way on how they run it or else we are also doomed.
sr. member
Activity: 1722
Merit: 269
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 think there is always a little of a conflict between the die-hard supporters of maximum decentralization and the other more pragmatic group of crypto users. The goal and the reason behind the creation of Bitcoin was to create a method of payment and something of value that is not controlled by a government or a central bank but by the people. If you look at the Top Holders wallet, then it is obvious, that there is still a lot of power in the hands of relatively few people. The same is true for miners. If the big mining companies are agreeing to push a certein update or to not support it, they can create a fork.
hero member
Activity: 3052
Merit: 651
There's negativity in how you portray it.
It's not about them "criminals" because they should be behind bars. It's for the people living outside those bars. You even extend to make it look like a government hater decentralization scheme as if you could just erase a government and be autonomous.
It's different when we talk about it using the blockchain. Avoiding the middleman and whoever is in the middle of the middleman which is a fact. Let the transaction go directly from supplier to consumer avoiding layers of transaction fees.
Oh and there's a history of transactions that could be traced so it's not really invisible.
hero member
Activity: 2184
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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 means the system was getting decentralized. Crypto regulation will not help a lot when it comes tot he 0 knowledge blockchain like monero or so many scammers are using mixers for this. There's no guarante if we have crypto regulation and you can dictate the scammers or make them disappear. Even so many scammers are also abusing the centralized system and how is it possible to make them worry to not do another criminals again with crypto regulation? Scammers will always there forever and if you think crypto regulation will fix anything in the crypto abused by the criminals and you re wrong.
sr. member
Activity: 2086
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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
We can't blame technology because every technological development has its positive and negative sides and don't just look at it from the negative side because if we only look at it from one side we will always blame every new technology and the decentralized system does provide freedom for everyone but it is not made for criminals because basically the purpose of launching this system is to teach people not to always depend on the government.
legendary
Activity: 2646
Merit: 1106
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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.
hero member
Activity: 2926
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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
It is really depending on the person who would be using up and its true that there are actually no exemptions when it comes to crime commiting kind of situation on which neither you've been dealing with centralized or

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.
sr. member
Activity: 1036
Merit: 311
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
member
Activity: 271
Merit: 14
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
legendary
Activity: 3080
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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
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.
It depends on how you view decentralization on your part, but as long as we are given equal opportunities, same for those in higher authorities, then decentralization will definitely work on us. Yes, it may not be the solution for everything, but its where we are mostly benefited than to stick on centralization. However, if we seek for a big change in the governance, both centralization and decentralization could work hand in hand as both have their own merits.
sr. member
Activity: 1190
Merit: 250
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.
full member
Activity: 1512
Merit: 115
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.
hero member
Activity: 1540
Merit: 772
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.
We don't know the function of a decentralized system, but about crime anywhere that can happen, including in the cryptocurrency world. It all depends on the initial intention.
full member
Activity: 1024
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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
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.
legendary
Activity: 2506
Merit: 1394
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.
(....)
It is already given for me, that's how it works especially for most cryptocurrencies right now. This is also the major problem of decentralization for me especially using cryptocurrencies, there are other people who will abuse it, especially using cryptocurrencies to do criminal things.
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.
sr. member
Activity: 854
Merit: 281
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.

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.
sr. member
Activity: 854
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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. 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.
legendary
Activity: 3234
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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
legendary
Activity: 2226
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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

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  Grin
legendary
Activity: 1610
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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.
sr. member
Activity: 1666
Merit: 268
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.
hero member
Activity: 2296
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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.
hero member
Activity: 2086
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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.

 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.
hero member
Activity: 1106
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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.
legendary
Activity: 3248
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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
hero member
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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.
hero member
Activity: 2282
Merit: 505
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.
legendary
Activity: 1848
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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.
legendary
Activity: 2422
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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.
sr. member
Activity: 1036
Merit: 311
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
hero member
Activity: 2814
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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
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.
full member
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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

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.
hero member
Activity: 2268
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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
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.
hero member
Activity: 2184
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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.
member
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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
hero member
Activity: 1498
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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
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.
hero member
Activity: 1106
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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

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.
hero member
Activity: 2632
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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

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.
hero member
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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.
hero member
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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

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.
copper member
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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
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.
member
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We All Can Make It
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.
hero member
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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
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.
hero member
Activity: 1666
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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.
legendary
Activity: 3038
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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
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.
hero member
Activity: 3010
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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
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 .
hero member
Activity: 2520
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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
Freedom is a choice so if you've chosen it then you'll be expecting that everyone good and bad will co-exist with it. You choose in a centralized one and later on you'll complain why is it like this or that that they control almost everything. There's pros and cons for both sides and I think we have to embrace all of it and be vigilant in what we do. In this decentralized market, we choose to be the better ones and always watch out which is good and stay away from the bad projects that will just suck our money.
sr. member
Activity: 2016
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Yes there's a freedom with decentralized reason mostly people jumping in it rather than putting their money to any digital currency (centralized) which they cannot get benefits from it afterwards. Yes you read it right because indeed it's not all about freedom wherein the opportunity as well as a investment reason why people love decentralized.
hero member
Activity: 2282
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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.
member
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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
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