I think the disadvantages of decentralized system is the issue of control or regulation.
Lack of regulation in the Cryptocurrency space for example is the main reason why there are proliferation of ico projects.
Another disadvantage is the issue of security, as a breach in one system may likely affect other systems .
Topic: Decentralized System Disadvantages - page 2. (Read 682 times)
We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
I think the only disadvantage of decentralized is can not being decentralized completely. And confusing about it. Many project claims its project is decentralized. But "it is not". They know that but don't accept it.
In comparison to the old ways of doing things it's considered decentralized, it can be seen as one step at a time for some people.
Another thing is that it is not really a bad thing because that makes mass adoption possible without risking the business processes of companies who decide to take the leap. Especially the biggest ones.
I think this is what stopping your money scammers will go completely unpunished. this is very bad
The disadvantages of a decentralized system are that there is no responsibility for various negative actions. Since the cryptocurrency is not regulated by anything, it generates a great lawlessness. Also, there is nobody who could protect the interests of investors. But this is a controversial issue. Maybe it's not considered a big disadvantage for someone.
Since there is no an authority and a regulator, taking and implementation of a decision is more difficult. But each stakeholder can defend his / her right more in decentarlized system.
Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage
That's only true for the very first years of a project when it's still immature and not well-developed
I think Bitcoin is already past that. Obviously, you are going to tell me about Bitcoin Cash and a host of other Bitcoins. But if we cut the crap, people who created these shitcoins were looking for getting rich quick, not for making Bitcoin any better, whatever they may say to the contrary.
The block size debate had been ongoing since 2015, if not earlier. Bitmain, Roger Ver and others had loudly supported previous efforts to increase the block size with a hard fork (XT, Classic, Unlimited) with no intention of a network split. So, it doesn't seem obvious that it was just to get rich quick. "Hard fork dividends" became a thing in late 2017 but before the Bitcoin Cash fork, nobody knew what was going to happen. An adversarial split (like ABC vs. SV) could have just as easily crashed prices and lost lots of money for the forkers
But let's admit that the moment for the Bitcoin Cash fork was an extremely fortuitous one
And the folks you mentioned (Jihad, Ver, Craig) had likely made millions with this fork. The last split, though, looked more like a typical family quarrel which had nothing to do with either technical issues or profit considerations. Most likely, it was caused specifically by the lack of profits (quarreling over last crumbs of the pie) just like the Bitcoin Cash fork was caused by the anticipation of them. These dudes are in exclusively for money
If Bitmain really wanted to get rich quick by propping up an altcoin, they probably shouldn't have forked Bitcoin -- they gave Bitcoin holders millions of free coins to dump on the market
It is the end result that counts, and in the end thousands of these people became bagholders. While Bitcoin may make new heights, in a year or in a decade, Bitcoin C(r)ash (whatever color) is likely to kick the bucket in the interim
I agree that the main disadvantages are the divergences of views and different vectors of the development of the decentralized system, taking into consideration a huge pressure from the opposite side. However, this is also a kind of advantage due to the ability to find the best way to promote blockchain technologies
If Bitmain really wanted to get rich quick by propping up an altcoin, they probably shouldn't have forked Bitcoin -- they gave Bitcoin holders millions of free coins to dump on the market. 
They are amongst the largest holders, so there isn't much for them to lose there, especially with how every exchange was basically forced to ride the hype and list BCash as soon as possible. On the runup to the Coinbase listing the price shot up to over the $3000 level, and I'm certain that everyone within the big block camp has done everything to sell the crap out of it.
If you also add that BCash is another large SHA256 chain, they could finally have their older miners running in a profitable manner again instead of having it be worthless scrap metal.
Bitmain and Roger got a free ride to the moon, although Bitmain went too deep and shot itself in the foot unnecessarily.
Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage
That's only true for the very first years of a project when it's still immature and not well-developed
I think Bitcoin is already past that. Obviously, you are going to tell me about Bitcoin Cash and a host of other Bitcoins. But if we cut the crap, people who created these shitcoins were looking for getting rich quick, not for making Bitcoin any better, whatever they may say to the contrary.
The block size debate had been ongoing since 2015, if not earlier. Bitmain, Roger Ver and others had loudly supported previous efforts to increase the block size with a hard fork (XT, Classic, Unlimited) with no intention of a network split. So, it doesn't seem obvious that it was just to get rich quick. "Hard fork dividends" became a thing in late 2017 but before the Bitcoin Cash fork, nobody knew what was going to happen. An adversarial split (like ABC vs. SV) could have just as easily crashed prices and lost lots of money for the forkers.
If Bitmain really wanted to get rich quick by propping up an altcoin, they probably shouldn't have forked Bitcoin -- they gave Bitcoin holders millions of free coins to dump on the market.
Probably the parting of people with different opinions into multiple factions. If certain people disagree with how bitcoin is moving forward due to different opinions on how things should work, they split off and fork bitcoin. A perfect example of this would be the big blockers, whereas they forked off and created Bitcoin Cash(BCH). As bitcoin moves forward, there's definitely going to be more of this. With a decentralized system, there's no centralized authority to make the decisions hence the splits in the community. I think this is both an advantage and a disadvantage
That's only true for the very first years of a project when it's still immature and not well-developed
I think Bitcoin is already past that. Obviously, you are going to tell me about Bitcoin Cash and a host of other Bitcoins. But if we cut the crap, people who created these shitcoins were looking for getting rich quick, not for making Bitcoin any better, whatever they may say to the contrary. With time, all such forks will be dying a quick and painful death, while people actually looking for innovation will be creating altcoins, not Bitcoin forks
We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
Perhaps, decentralized disadvantages is I think since we know that anyone are welcome to be in this system. But the problem there are some people who are bad, where they can use this to their illegal transactions. Due to we knew that every time we used this system We are also pseudonymous or anonymous.
I Personally feel decentralised system should have a control on the downfall happens all of a sudden, it doesn't mean it's not best but yes something need to be changed for the betterment of the crypto process.
this is just a natural phenomenon for decentralized system. This is not a disadvantage because it has proven already when bitcoin reached to its market price which is the 19K USD last 2017. THe only problem with the system was the anonymity feature where many are encourage to scam, hack and doing fraud from other users. THis is why more investors are discourage to invest because of the likes of this users in cryptocurrency.
The decentralized system is very suitable for the crypto market. This decentralized system can not control and influence a currency, and that's a big advantage. A decentralized system has few disadvantages, and these are small disadvantages. Decentralization makes many beginners quit the crypto market because they do not have a help guide, they do not know where to ask for information and give up. If the crypto market used a centralized system, it would have been dead for a long time.
We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
First of all, we know that the decentralization of cryptocurrency primarily means its high price volatility. This is both a virtue and a lack of cryptocurrency at the same time. The negative side of the high price volatility of decentralized cryptocurrencies is that it is very difficult to use as a means of payment, and therefore the government is not in a hurry to legalize it. Without legalization of cryptocurrency by the state, it cannot develop further normally.
Volatility is main problem considering the facts about latest decentralized exchanges. Decentralized platforms let investors to take care of their own security without wasting time with rule of different regulators. Knowledge is the power in this industry and smart investors will survive no matter which direction markets choose.
I think that this is the absence of any regulatory body that could protect the interests of investors. Many people get into bad situations due to lack of knowledge or any other reasons. But I think it's a small disadvantage. And maybe it's even a advantage. After all, it teaches us to be responsible and that we were able to make decisions.
We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
First of all, we know that the decentralization of cryptocurrency primarily means its high price volatility. This is both a virtue and a lack of cryptocurrency at the same time. The negative side of the high price volatility of decentralized cryptocurrencies is that it is very difficult to use as a means of payment, and therefore the government is not in a hurry to legalize it. Without legalization of cryptocurrency by the state, it cannot develop further normally. 
Chaos and anarchy are two issues that loom in a decentralized system. The proliferation of blockchain projects is an example of how chaotic such a system can be.
A lack of control can have a negative impact. Resolving the issue with transaction speeds could have been done by a governing body and prevented the debacle with with bitcoin cash
We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
It always vase-vasa what every is good most have negative or bad part, decentralized world is always know to have the highest risk compare to centralized world were every thing is been done face to face. Because in decentralized world or network the transactions is mainly done using internet and block transaction is always know to be undo able which is the main disadvantage when mistake is done. Jump to: