From my opinion, decentralized economy is barely impossible to achieve.
That's definitely true because our government itself is centralized and they are also working to improve our economy and they can't help without them having control on it. We can only have a decentralized system but we can never have a decentralize economy. 
Topic: Decentralized Economy: What is it for? (Read 1165 times)
From my opinion, decentralized economy is barely impossible to achieve.
That's definitely true because our government itself is centralized and they are also working to improve our economy and they can't help without them having control on it. We can only have a decentralized system but we can never have a decentralize economy. Government like to be in control of everything and I will tell you the government that loves power more, Government of United states and china especially, which is why they are still the major countries that are really fighting cryptocurrency from developing right now. Look at trump openly making bad speech against bitcoin, while china too has openly ban the mining of coins in their country so as to limit the circulation.
From my opinion, decentralized economy is barely impossible to achieve.
That's definitely true because our government itself is centralized and they are also working to improve our economy and they can't help without them having control on it. We can only have a decentralized system but we can never have a decentralize economy.
From my opinion, decentralized economy is barely impossible to achieve.
The very concept of a decentralized economy of the state is completely absurd, because not a single economy of the state can be decentralized by nature. The state economy has always developed according to plan, for the implementation of various projects and social programs, strict planning is necessary and such planning can only work in a centralized economy.
A certain degree of decentralization can only be at the local level; at the state level, there can be no decentralization.
A certain degree of decentralization can only be at the local level; at the state level, there can be no decentralization.
I don`t agree with you! Planing, developing, implementation can work in every system, take a bitcoin for example for decentralized systems. Centralization just means that some people can make plans, but who guarantee you that their plan is a good plan?
In a country with centralized systems, like we have now all over the world, we have one huge problem. Head of that centralized system is a capitol city and people who live close, all others suffer cause of that (cities, villages, and everything else that is not close to that capitol city). Simple all the money goes there, and they decide about how to distribute it.
Decentralized system means one thing, all people have a voice! Not just handful of people who live in the capitol city. Think about it!
The very concept of a decentralized economy of the state is completely absurd, because not a single economy of the state can be decentralized by nature. The state economy has always developed according to plan, for the implementation of various projects and social programs, strict planning is necessary and such planning can only work in a centralized economy.
A certain degree of decentralization can only be at the local level; at the state level, there can be no decentralization.
A certain degree of decentralization can only be at the local level; at the state level, there can be no decentralization.
So far, the world economy is not decentralized. Each nation controls the part of there economy, but for the American dollars that has been like a measure for many countries. And this is why crypto currency has come to emphasize on decentralization, considering the disadvantages of the economy status quo and trying to fix and trying to hold on to decentralized mediunm of exchange.
I think this way the world would have been a lot safer for the people who are not in power as well, people think that only the rich lives a good life but the path to richness comes from power and vice versa so when a family gets to a level of richness it takes a lot to really drop them from the rich level hence you have to actually become rich and powerful which would result with you doing whatever you want, at a certain level you are even above the law.
If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.
If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.
Decentralized economics can be our future. It will receive as much money as it needs at the moment for development, and not from a single emission center, but from many such centers. The owners of the emission centers of the new financial system will be active people - project leaders and the investor community - supporters of the project.
These people are involved in the process of creation and wish not only to increase capital but also want to make something new, to improve this world.
I think this way the world would have been a lot safer for the people who are not in power as well, people think that only the rich lives a good life but the path to richness comes from power and vice versa so when a family gets to a level of richness it takes a lot to really drop them from the rich level hence you have to actually become rich and powerful which would result with you doing whatever you want, at a certain level you are even above the law.
If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.
If we had a decentralized economy we could at least have a world where rich and powerful are seen as the same in the eyes of the opportunities and laws and that way we can make sure rich still keep itself rich but in legal ways and poor can actually have a chance to get back to at least mid levels if they work enough.
A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.
In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itselfThe phrase itself ("decentralized economy") is rather vague and may mean a myriad of different things
So there can be plenty of useless and meaningless argument just because people have not agreed on "naming conventions" beforehand. But still, as far as economic matters are concerned, these can be quite decentralized. Truth be told, you can well consider them chaotic on the level of households and other single economic agents, even though you can definitely trace certain patterns when you move higher to the level of national economy as such (the inference being that there are some laws at work here)
In this way, unless we are talking about North Korea and their likes (I know there are no likes, though Venezuela comes pretty damn close), most economies in today's world are already decentralized (read, internally chaotic) where the amount of government intervention is kept to a possible minimum. But this minimum differs from country to country, of course, from a laissez-faire type of economy (Switzerland and many other European countries) to a more regulated kind (Russia and China come to mind instantaneously)
I think freelancing is the very good example of what we called decentralized Economy. And internet as the biggest tool while Cryptocurrency as it's main weapon. To answer your question yes we are indeed heading to that certain point in this era.
Tho, It isn't for all the good thing about it is that people can now choose to either they stay being under observation by the government or to follow this new path.
Tho, It isn't for all the good thing about it is that people can now choose to either they stay being under observation by the government or to follow this new path.
From what I see about the benefits as well as the harms it has, it is a place that can bring wealth in a short period of time and has great liquidity (money laundering activity).
The deflation mechanism of Bitcoin and some other alts has created a potential market to help people fight the inflation of fiat money.
The deflation mechanism of Bitcoin and some other alts has created a potential market to help people fight the inflation of fiat money.
A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.
In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself.That is like democracy, people are choosing who will lead but in reality, someone is controlling who the people will vote.
Decentralization economy is impossible in the past, that is certain. Government might accept, might legalize cryptocurrencies in countries, in other places but I don't think it will be mainstream. Bitcoin and others will continue what it is today and will never attain something higher like fiats.
A decentralized economy is a must to eliminate all forms of corruption in the world. When things go transparent, the corruption will automatically drop low. Almost in most of the third world countries it is a big issue. Always the poor will get served to be poor while the one in the governance eat the money of the common people who make their living out of daily earnings.
In my opinion, a decentralized economy cannot exist at all. The state economy can only be centralized. Decentralization in economic development is simply chaos that cannot lead to anything positive. Decentralization may still exist locally. However, the higher, the more centralization should manifest itself. Centralized economy is corrupted , framed,makes rich richer and Poors poorer ,
It doesn't matter what type of economy (e.g. centralized / decentralized) we are participating in. It's still up to the people to actually benefit from certain opportunities, which if they aren't capable of doing it in the centralized economy, chances are they won't be able to do so in the decentralized economy. In other words, the poor will still be poor and the rich will continue to get richer.
People think decentralization will solve all or most problems, but that's just wishful thinking. People here talk about decentralization as if they want it so badly, but they don't even know what it actually means, and with a high degree of certainty haven't even tried to use a decentralized exchange or market place instead of a centralized one.
Centralized economy is corrupted , framed,makes rich richer and Poors poorer , often function slowly and sometimes makes people do things without their will, freedom is limited, money is government's not really ours , old, needs change etc..
There are many things that we need to change in this centralized system, decentralized one is not replacing it , it's aiding it .
We need it to foresee some of the major drawbacks of centralized economy.
There are many things that we need to change in this centralized system, decentralized one is not replacing it , it's aiding it .
We need it to foresee some of the major drawbacks of centralized economy.
If there are people in the government who came to do government work thanks to the will of the people, then no official will interfere with the legalization of cryptocurrency in his country. No official will be able to use bans on cryptocurrency or control of cryptocurrency for personal conclusions. Only in such a state will there be very good rules for a cryptocurrency market.
The government has all the right to regulate whatever technology that could be make people at risk, though crypto aims to promote improvement to the financial world but the risk is till here since that involves money, people buy crypto to use it, either they invest or just buy purely for online transaction.
They can regulate this even if we have to say it's hard, because they are the government would can control everything for the benefit of the people they are governing.
That is the theory but that is not how it works in practice, as soon as a person gets in power his first reaction is to try to do anything to remain in power, so instead of taking the best course of action that will benefit the people the most he takes the path that benefits him personally and his group of friends, if they really did what you say then we will not need crypto at all, but the rising popularity of bitcoin tells me that people are slowly waking up to the fact that most governments do not have their best interests in mind. They can regulate this even if we have to say it's hard, because they are the government would can control everything for the benefit of the people they are governing.
No, the aim is to make sure everyone has the same rights and same possibilities in economy. Just because rich people bribe the politicians they get to do some bad moves and fail time to time but not get affected whereas a poor person can make one bad financial decision and they could cripple their own economy for years.
Human life is at most 100 years and most of us will die at around 70-80 (some live less some live more) and we started to make our own money after college most of the time (some people start working earlier) and that means we have like 50 years to actually do something about money and if we do just one mistake that cuts short to 30-40 years whereas already wealthy people can make mistakes in billions and they still get bailed out by the governments they bribed.
Human life is at most 100 years and most of us will die at around 70-80 (some live less some live more) and we started to make our own money after college most of the time (some people start working earlier) and that means we have like 50 years to actually do something about money and if we do just one mistake that cuts short to 30-40 years whereas already wealthy people can make mistakes in billions and they still get bailed out by the governments they bribed.
It is a possibility, but we all know there is a body that will not allow this.
The government always want anything in control and that is the same with the economy. For me though, it is true that we might be leading there since there are a lot of platforms and countries that accept Bitcoin as a payment. But the age of the Internet, I think will go first before that where the internet is always what we need and what we importantly need to live our lives to the fullest.
If other countries have managed to create a decentralized economy through the use of virtual currencies,then it's very possible too that it would also happen to some other countries.But i think this would really take time to make it happen because surely the government itself won't allow to have a decentralized economy because they won't have the sole control of their people.The government always want anything in control and that is the same with the economy. For me though, it is true that we might be leading there since there are a lot of platforms and countries that accept Bitcoin as a payment. But the age of the Internet, I think will go first before that where the internet is always what we need and what we importantly need to live our lives to the fullest.
Not all countries, I think this will be difficult because every country has different regulations, especially countries in the Arab world, they will certainly reject it violently because it is contrary to their teachings. With a decentralized economy, it means that the government cannot regulate the economy of its people, and of course this also contradicts any government system.
I myself do not expect that the economy is fully decentralized, I just hope the two economic systems can go hand in hand. So that it has benefits from both sides.
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