Topic: Does People Really Care About Decentralization? - page 4. (Read 787 times)

That is already happening  (people are becoming more educated about data and it's uses) but we do not need a major problem in centralized platforms, all we need is to get knowledge of how important our data is for businesses. Because if we talk about IOTs (internet of things) that are generating 1,000 Petabytes in one day. Which is just too big but that's another discussion about managing them.

For now, data from social media is one of them and once we get to know the importance of it and how big organizations are using our data for their own purposes will convince people to move to decentralization. Because decentralization will provide fewer data of your activities in compared to centralized ones. Well, this could be another problem in the adoption of Decentralization as it will affect the features that our governments are using from the big dataset.

It means, these web3-based products must have a user-friendly interface that will create no problem to perform tasks even for a traditional (non-technical person). But that's have been in the market too, but do not provide the luxury of existing ones, so. you are right.
People are readily suffering serious financial losses by leveraging the centralized system for example in my area there is one bank that is famous for giving inside information about users' accounts and the money in it. I have seen many cases when people withdrew their money from that Bank and got robbed on the way to home. Why? How can those thieves get to know about the money the person has withdrawn? Because someone from the bank has given a tip to those Robbers and this is not a new problem. But if we can make transactions with full anonymity of personal information no one can get to know us in real life so there will be no such cases.

If your concerns are about the web which is the internet in which different devices are connected to each other for the purpose of sharing information such as making transactions and sending and receiving files which is also a type of transaction. So, what actually we need here is, we want to hide our personal identities so that a bad actor can not target us even if he gets to know what's in the email. That needs encryption and security mechanisms which are provided by blockchain technology so the platforms which ask for Gmail accounts are not the decentralized ones because as you mention email services are not decentralized so anyone could temper with your data but if you use functions like wallet address, which only provide the information about your wallets and how much money you have in your wallet from where you are getting that money and where you are sending that money. These types of information are of very limited use to the bad actors. So I think people can be anonymous through the web if they could hide their identities and many of the experts are doing that which is not liked by authorities.

Only a small percentage of the global population are really using the decentralised transactions of cryptocurrencies. This means that there is a small percentage who actually understand what these decentralization really means to them. So, I agree that most of people really don't care about these. But I must say also that there is really a case to case basis to how bigger deal is the decentralization compared to a centralized form of transactions. It isn't always that decentralization is better than the other. Also, I think what really people care about is in the process on whether it is fast and cost efficient. This, I think, would determine the adaptation of majority into these decentralization.

Yes because everything else is controlled by a very small amount of extremely rich people. Decentralisation is tge only thing that creates an honest market, you can’t get rugged by some shady dev or group. Bitcoin is the only investment I totally trust, everything else is just a short term fix to try & get more fiat.

Yes everyone will prefer decentralization because of privacy protection. I don't know why number of users in centralization are more than Dex. centralized social media platform are easy to use and you have to perform some simple task for registration. Second bug reason may be because these social Platform was launched first before Decentralized platform. But now many users migrated to telegram from Whatsapp because of decentralization and similarly Twitter users are migrating to Lens which showing that People love to use decentralization but biggest problem with decentralized platform is lack of big platform like Facebook, twitter. Many users will adopt in ten years because of interest showing by people towards decentralization.

I'm sure many people do not care about decentralization, they prefer centralization so that their money is not crashing like decentralization, and in terms of security indeed decentralization is very dangerous and will not make us calm, if we have $ 1 million money in decentralization then there is a chance of $ 1 million to $ 10 or even under $ 1.

The actual problem of decentralisation is that there can't be full decentralisation, since there are certain situations which demand altering the initial code (forking), which can be done only by centralised structures, and also centralisation occurs in wallets and crypto-fiat exchangers. So any decentralised project has tendency to face some centralization elements.

1.Most people don't care about decentralization.
2.Decentralization isn't ALWAYS better than centralization.
3.Creating a decentralized social media platform would create problems with copyright infringement and hate speech. Also, which company would want to create a decentralized platform? Who is going to get the ad revenue, when the platform is decentralized?

I couldn't care less about crypto trading volume on centralized exchanges because:
1.Most altcoins are shitcoins anyway. We don't need altcoins and tokens. Bitcoin Core is more than enough to serve the purpose of the crypto world.
2.Trading volume can be faked.

I'm pretty sure that actually almost everyone would prefer decentralization if they realized that all this time they were in a centralized system where everything was determined by central policy. but very few people are aware of this system, especially in the elderly today. but for the next generation starting from our current generation. then I'm pretty sure that many of us have realized the importance of decentralization. but that doesn't mean we don't need centralization. we still need centralization in one field but not in another. We are all created with an instinct to like freedom and not like to be controlled. but the problem is that many people are now being controlled but they are not aware that they are being controlled.

It's really easy to answer, if people are care about decentralization, you will see Bisq and no KYC P2P will have higher trading volume rather than all of centralized exchanges e.g. Binance, Kraken, Coinbase, Kucoin, etc. But if you have compare it, you will see the trading volume in Bisq and no KYC P2P are really small compared to centralized exchanges. Maybe you can conduct a survey in your countries, ask 100 random peoples and let's see what's the result.

I do not think majority of people will everly realise the importance of decentralization. It will only be minority few that will appreciate the essence of decentralization.
Why it is so is because centralization is fighting restlessly against decentralization everyday and centralization is more powerful because it is the government.

We should instead be scared because even the cryptocurrency industry is filled with centralization. Even our saving grace which is bitcoin, there is many efforts to centralise it by moving it from one chain to the other etc.

Honestly, a small percentage of the world population seriously cares about decentralisation while the majority don't mind centralisation as long as they don't face any kind of major issues.

Even popular decentralised cryptocurrencies, exchanges etc aren't 100% decentralised for various reasons.

From birth, our identity is not anonymous, the government controls us from the beginning.
I'm not saying it's good to use centralized exchanges, but many people claim that their identities are exposed because of those exchanges. This is not entirely true because our identity is made public when we use the services you mentioned.

Bitcoin only helps us to limit financial control from the government, it cannot help us to be completely anonymous. This is what many people confuse and think just using bitcoin, we are completely anonymous and not tracked by the government.

Aside from that, the comfortability between centralization and decentralization is a big thing.

Although lots of risks being under decentralization, it's good to experience the freedom we are getting being in that.

I'm not against a centralized system but it's just that, not all the time we should always deal with that.

People have different views about personal privacy, being anonymous, and being decentralized.  If Bitcoin is not presented or created, we could have been doing things under centralized supervision.  The idea and implementation of decentralization is still young so many people are still new to it.  Most people are comfortable using centralized services and it is hard for these people to try a new system where he has to test and learn everything.  People wanted to be always in their comfort zone and is afraid to try new innovations and changes which include the blockchain and decentralized services.

I believe we still need more time for the people to be accustomed to decentralization.  It is not that they don't care but rather the idea is new to them.

Those people whoe doesnt care about the decentralization concept will never know what actually the benefit they could get , the problem that get solved efficiently ... it's just the matter of the time for people to realize that they are really needed it.

For now there is only few people do care about this and working on it tho.

Recently, centralized exchanges have had problems and some of them have closed due to the interference of the country's governments. So communities' trust in centralized exchange platforms has decreased.

       Apart from this fact, the trust of the majority in the decentralized platform has increased because the chances are high that the government can never tamper with it, especially with the stablecoins that are there compared to the stable ones that are placed on the centralized platform.

At times, its a question of popularity. What's more common than others amongst folks and pairs, the ease one has in using one platform compared to the other and the trust they've been able to owe to a system over time compared to that which they have to rely on mare claims form the developers. When it comes to cryptocurrency, I becomes more of that which is common really.

Social medias, I won't want go bring it into context with cryptocurrency as they both are too distinct, one is about communication and the other payment options. Non the less, popularity still plays an important role here.

People care care about decentralization. They will enjoy it when given them, but surely people do not want to pay the sacrifice that accompanies decentralization. There are things people doesn't want to give up and that is what will be tying people down to centralization. For instance;

• People's desire to connect one another. People's desire to connect man to businesses, connect businesses to other businesses etc
• People's desire to track and monitor their peers, work colleagues, partners etc. Social media is the best place to monitor one another.
• Making new friends and searching for old friends comes with much excitement

In as much as people doesn't want to give up these desires, we should expect more because even children in their mothers womb are being exposed to social media.

If people who are not morally ready for freedom are given that freedom, they will start looking for someone who will lead them. Very many people are simply not ready for decentralization - they simply do not know what to do with it. Decentralization is interesting for those who have money; if a person lives from paycheck to paycheck, he does not need decentralization at all.

As much as I love crypto websites and apps should be close to where their clients are.
CDN for most sites are slow down, so are the fonts you fetch from Google.
web3 is a standart no one needs except for eBay, Amazon and such.