Topic: Decentralized Economy: What is it for? - page 2. (Read 1190 times)
I think this will be more beneficial for democratic government. Wherein the power comes from the people. Centralized systems have been around for so long and are so pervasive throughout each of our lives, it’s hard to imagine there is any other way that anything could be organized, or if it could be organized differently, that it could somehow be better than centralization.It turns out that God also created decentralized systems. Decentralized systems are vastly more innovative than centralized systems, consider the ecosystems in Nature as primary examples. Decentralized systems leave assets and control with the individuals/organisms (rather than controlled by a centralized authority). However, decentralized systems have historically been too costly and complex to operate in scale within the context of human civilization…. until now.
decentralized economy is something that supports its community providing alternative solutions to nowadays financial system. It is agains all traditional financial systems and also against nowadays banking systems.
This bolded part of your quote is why I think that decentralized economy can never be a thing. Especially when the government wants to still be in control of majority of it state transaction, funds and economy. They benefit from serving as a middleman between the people and their funds.
Yet, it is inevitable. If the blockchain technology would be used in governing in the nearest future, we could see a partway to a decentralized economy.
to that point as being said government do loves all to be controlled and talking about decentralization is really opposing on what
they do want.
decentralized economy is something that supports its community providing alternative solutions to nowadays financial system. It is agains all traditional financial systems and also against nowadays banking systems.
This bolded part of your quote is why I think that decentralized economy can never be a thing. Especially when the government wants to still be in control of majority of it state transaction, funds and economy. They benefit from serving as a middleman between the people and their funds.
Yet, it is inevitable. If the blockchain technology would be used in governing in the nearest future, we could see a partway to a decentralized economy.
A decentralized economy will end up damaging the economy completely if allowed,
lol why are you saying those things ? you are here on crypto forum and you are using a crypto and cryptos and blockchain are decentralized right ? and being decentralized offers some benefits that you cant see on a centralized system . dex wont damage the economy but it will rather improve the economy . but i dont think that a certain country can totally become decentralize and will only depend on cryptos as thier primary medium because that is hard and seems impossible to happen .
yes I think it was made to make the economy run alone without anyone managing it, but this is still difficult to do because many are opposed by various parties, but I think this system is starting to run slowly, and now it might be facing a big problem, because new this president trump announced he didn't like digital currency or anything like that,of course this makes pros and cons.
the state has the power to regulate its people. if the economic decentralization system, the state cannot control it, it will certainly be a problem for the government. but I think because there is no policy that can overcome it, then this seems difficult to implementThe 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.
I think what people are missing out on this is that the whole reason decentralized was created was to stop the wealth gap between the rich and the poor. Everyone thinks it is because one centralized authority should not control the money but that is not exactly the reason.
If there was an authority we could trust that would allow the poor to have the same rights and possibilities as the rich while rich would pay a decent tax that would go directly to good causes like building schools and hospitals and funding medicine researches that would eventually be free etc then we wouldn't need decentralized economy. But, since humans are faulty most of the time and we can never trust any one person, decentralized makes sure that is covered by nobody and could be traced and tracked into whats going on with money as well.
If there was an authority we could trust that would allow the poor to have the same rights and possibilities as the rich while rich would pay a decent tax that would go directly to good causes like building schools and hospitals and funding medicine researches that would eventually be free etc then we wouldn't need decentralized economy. But, since humans are faulty most of the time and we can never trust any one person, decentralized makes sure that is covered by nobody and could be traced and tracked into whats going on with money as well.
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.
it will make the citizen of the nation to be lawless and lack control and once there is no higher authority to curtail the situation through the control they should have, them such economy is gone, and once we take a good economy out of the equation, the country becomes a dead one.
however they want and sometimes some idiot president of a country does something silly or says something bad about another president and whole nations go into economical warfare.
Or corruption where 99.9% of the countries wealth gos to the president and friends.Bitcoin can be a solution for those who doubt there local currency or lost faith in there government with there cash printing habits. The more stable bitcoin gets the more appealing it will become.
How would you, with no money have a saying in a totally decentralized economy?
Running a node doesnt have to be funded. 
I think we are all sick and tired of governments actually having a say in our money supply and that seems to be the biggest issue. Banks and governments are controlling the financial world however they want and sometimes some idiot president of a country does something silly or says something bad about another president and whole nations go into economical warfare. There are not that many wars going on with actual guns, countries now fight with their economy.
I'm pretty sure that the economy would fare far better in the hand of the bounty hunters that spam bitcointalk and don't have a clue how basic things work. Let's take a vote, who would you want in charge of the money supply, Jerome Powell or the moron who applied three times for a "slut" in a signature campaign?
Remember, decentralized economy, pure democracy, his vote will be the same as your and as Harvard graduate.
Hence, decentralized economy makes sure no rich person cheats, no government official even the president can affect it badly nor any single person can cause any harm to millions of people. We all will be equals in economy, doesn't matter if we are rich or poor, doesn't matter if we are president of a country or unemployed teenager, we all get the same rules apply to us.
Yeah, it doesn't matter....how?
How would you, with no money have a saying in a totally decentralized economy?
All the poor people will simply have even less saying now, the rich will have all the power.
For god's sake, look at what is happening with bitcoin during pump and dumps.
With 100$ you don't budge the price one cent but a whale can crash the market by 20%.
This is real decentralization, not your pink fluffy dreams.
I think we are all sick and tired of governments actually having a say in our money supply and that seems to be the biggest issue. Banks and governments are controlling the financial world however they want and sometimes some idiot president of a country does something silly or says something bad about another president and whole nations go into economical warfare. There are not that many wars going on with actual guns, countries now fight with their economy.
Hence, decentralized economy makes sure no rich person cheats, no government official even the president can affect it badly nor any single person can cause any harm to millions of people. We all will be equals in economy, doesn't matter if we are rich or poor, doesn't matter if we are president of a country or unemployed teenager, we all get the same rules apply to us.
Hence, decentralized economy makes sure no rich person cheats, no government official even the president can affect it badly nor any single person can cause any harm to millions of people. We all will be equals in economy, doesn't matter if we are rich or poor, doesn't matter if we are president of a country or unemployed teenager, we all get the same rules apply to us.
Quote
I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.
That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).
@deisik
Can a society exist without a leader? I doubt that it would be just an anarchic society. The same can be said with the economy. Decentralized economies do exist already but to see something based on Bitcoin is near impossible and delusional, true that. But as an alternative currency, there is nothing delusional and Bitcoin is relevant
Can a society exist without a leader? I doubt that it would be just an anarchic society. The same can be said with the economy. Decentralized economies do exist already but to see something based on Bitcoin is near impossible and delusional, true that. But as an alternative currency, there is nothing delusional and Bitcoin is relevant
Sorry for the late reply (didn't follow this thread closely)
I think you should first clarify what you mean by a leader. A society can in fact exist (and prosper) without an authoritarian ruler where the functions and tasks of a leader are taken and carried out by the government machine (courts, legislative bodies, etc). In that case, it will be far from an anarchic society obviously but it still won't be a decentralized society in the sense you mean it. To put it differently, instead of a sole ruler there'll be an overwhelming ruling machine. It is called bureaucracy, but not necessarily with a negative connotation to it (read, it may actually be a good thing if the rules are reasonable and followed through)
Other than that, Bitcoin is relevant as a potential store of value having a few properties of a real currency, e.g. the capacity for being used as a means of payment, which gold (another store of value) mostly lacks
I know right, a decentralized economy would create destruction. The money is always centered in the government, also, government will never approve on a decentralized economy.
A decentralized economy based on crypto would quickly implode but a decentralized economy is generally considered a good thing in itself (at least as long as it stays decentralized). It is called laissez faire
Quote
I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.
That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).
Quote
I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.
That's right.Decentralized economy means a totally free market without any government control and cartells or monopoly(which almost impossible to happen in the real world).
Decentralized currency supply means a supply of currency that is free from government/human control and serves the needs of the markets(that's my definition,it's might not be accurate).
@deisik
Can a society exist without a leader? I doubt that it would be just an anarchic society. The same can be said with the economy. Decentralized economies do exist already but to see something based on Bitcoin is near impossible and delusional, true that. But as an alternative currency, there is nothing delusional and Bitcoin is relevant
Can a society exist without a leader? I doubt that it would be just an anarchic society. The same can be said with the economy. Decentralized economies do exist already but to see something based on Bitcoin is near impossible and delusional, true that. But as an alternative currency, there is nothing delusional and Bitcoin is relevant
Sorry for the late reply (didn't follow this thread closely)
I think you should first clarify what you mean by a leader. A society can in fact exist (and prosper) without an authoritarian ruler where the functions and tasks of a leader are taken and carried out by the government machine (courts, legislative bodies, etc). In that case, it will be far from an anarchic society obviously but it still won't be a decentralized society in the sense you mean it. To put it differently, instead of a ruler there'll be a ruling machine
Other than that, Bitcoin is relevant as a potential store of value having a few properties of a real currency, e.g. the capacity of being used as a means of payment, which gold (another store of value) mostly lacks
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.
I am searching on the topic of decentralized economy and I came up with this piece which is a good one for me. I am quoting it here below:
"What is it for?
The decentralized economy emerges as part of a critique of existing market-economy systems. Virtual currencies are making financial decentralization possible, which undoubtedly influences the economy. Some of its professionals say that this type of economy is used to reduce costs and increase efficiency, so that there are fewer surpluses and shortages of products so that people can be free to choose what to produce and consume, take advantage of the time and knowledge, etc.
Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them. As a result, we are witnessing the reaction of central banks, who still show a strong reluctance to their use and proliferation."
Source.
Are we heading to the creation of a decentralized economy (the one controlled by the people themselves) but still within and a part of the bigger centralized economy (the one controlled by the government)?
What do you mean exactly by a decentralized economy controlled by the people themselves? Do you mean a business and entrepreneur centered economy? Or something else? It seems like business/entrepreneurship is the best way to get what you're looking for.
Have a good day,
The Cyberius team.
Bitcoin is not fighting for decentralized economy but to be a decentralized currency that people can use for fast and cheap transactions, that's the difference in what you have said. So stop saying that Bitcoin is created for the target of achieving decentralized economy, unless maybe I'm wrong. But I'm very sure that you if you study Bitcoin the purpose is just to be a decentralized currency that people can use to send and receive money, not regarding where they are in the world and also for a cheap transaction fees. Although I don't know if Bitcoin is still what it's meant to be cause whenever the price goes high the, the fees for transaction goes up as well. Bitcoin was meant to keep users anonymous but it seems all these things are going to change soon, cause I'm hearing from people around that people might be needing kyc to make use of crypto.
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.
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.
Decentralized economy works in favor of the people as it liberates them from the power of centralized systems where an individual or body owns control over the affairs of the whole nation. This is why cryptocurrency users are free from the interruptions of middle men in their financial transactions because crypto is decentralized.
Jump to: