Topic: Decentralized Economy: What is it for? - page 5. (Read 1165 times)

Spain in that list? HAHA, it took me months to even be able to pay my taxes in crypto here, the law is not clear at all in regards to cryptocurrencies, I mean, it's certainly not banned or anything like that but it's also not integrated whatsoever.

It is a very interesting topic and it is very controversial, we live in a system where all the time is taken by government controls such as banking, the issue of decentralization is never fulfilled, there are always Exchanges that are private and decentralization is not complete, however the idea of ​​Satoshi Nakamoto was full decentralization, has not yet been carried out, but as global economic problems arise, this economy will always be present and will have more boom.

I think this topic fully clear decentralized economy.you are clearing how controll economy.i heard the news from your topic thanks.

I am not sure that decentralized economy will be possible in my entire life time because we are in the practice of this system for 1000 years or more that currencies were said to be backed up by something.But still there is no clear definition for the people how the money are/were printing.So it will take time and we need it to make the financial freedom for everyone not just for the one who is in authority.

Even a decentralized currency supply is hard to achieve. Even though cryptos are essentially that, they cannot be 100% decentralized even if we get to a point where people only trade using decentralized exchanges and bitcoin doesn't even need usd or fiat anymore, someone could still control the majority of bitcoins, essentially controlling bitcoin's fate since he can always crash the entire market at any point.

Yet i do still think the market still can be manipulate by some parties and rich people will still be in control. I do think it will be hard to make a decentralized economy. Economy still not equal for each country and super power country control all the economy and i do think there is no way to stop them from do it, especially china which is really great country in export.

I hope we are not. The decentralized economy as a part of the centralized one does not sound good to me. I think we are slowly heading towards decentralized money that the government has no control of. However, the government can stay to offer insurances, perhaps some futures contracts as well as set the prices on vital products, so that even poor people can afford things like water and bread. If adoption increases, I think volatility will naturally become a smaller problem. Fiat might be there to stay for some time or be replaced by centralized digital currencies, but I think that people will be allowed to use independent currencies as well.

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).

I think that there should be a clear distinction made between a decentralised economy, and a decentralised currency supply.

The latter is what bitcoin is trying to achieve, and most other cryptocurrencies as well. Decentralising the entire economy is still unfathomable at this point, and it is unclear whether this is actually going to be practical or required.

In the future, though, I think that what will happen is that centralised currencies will run in parallel with decentralised alternatives, to a greater extent than what is already happening. More people will most likely move their assets into decentralised, longer term store of values, as opposed to keeping them in fiat. However, the traditional financial institutions, central banks, etc. aren't just going to disappear off the face of the earth.

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)?