Topic: Does People Really Care About Decentralization? - page 5. (Read 731 times)

That's true. People ignore this until they're hit in the face by the lack of it.

You could see this in real time in Canada during the protests a year ago. People had no need for decentralization and privacy, but one day their accounts got blocked and they couldn't buy a coffee or fuel for their tracks just because they happened to go against the government restrictions. People support privacy and decentralization on paper, when someone asks them for their opinion, but they like convenience. They want people top do everything for them and to take responsibility. That's what we are - lazy!

Yeah, people care. It shows how enthusiastic people are for bitcoin now while keeping the natural decentralized concept. While web 3.0 isn't as decentralized in practice as it is hoped to be, there are some aspects that simply don't allow it to be decentralized either unable to give developers an "benefits" or possibly creating a powerful force that turns against them.

The reverse question is whether you really control the internet properly and remain anonymous. and can you ensure that your activity is clean from data capture?
It's all about the taste of people who decide to stay on the path of full decentralization or indeed just as needed. So far it is difficult to classify into a decentralized container if it still requires a centralized system let alone bound by a contract with exchange parties. More specifically, at this time, no one can really avoid centralization, let alone not really care. Because the most important thing for some people is the benefits that are wrapped in it.

In addition to the age factor and level of mass adoption of Web 2 and focus of businesses towards more trafficking platforms. There is another factor that influences the adoption rate, which is the geographic targeting of these Web 3 services to target specific tier countries. Why? The reason is open. To loot and thug them. There have been published many reports about how hackers have stolen Billions of dollars only via DeFi platforms. You can see these resources for quick viewing. Source 1, 2.

The number of people who fell victim to these DeFi platforms is mostly from tier 1 countries. Why? Because these DeFi services are not even running their ads in our places (for that i am grateful) (note* i am not against decentralization but stating the fact, for educational purposes only). This indicates that the bad actors of the community have used these features of Web3 for bad purposes which left no choice for authorities to make suck policies like AML etc.

There is no doubt how fast BTC has gained adoption compared to centralized services and the government is the meaning of people (groups) have power and authority to make, change and modify law etc. So government=centralization, now the main concern is, people have been provided a platform and they still dependent on centralized ones. In the last, people like me no doubt ha speculated market like a business opportunity to make profits but i think they also want to seek decentralization with it just not want to leave centralization. Why? because they are highly interlinked!

That's totally true that folks's interest could make anything famous just like today's celebrities with no talent hehe. And that's what i am afraid of too. Like out of 8 billion people how many are in good actor category and how many are in bad one. No way, to conclude that because of well-defined judgment of each person according to there mindset. Many bad actors has looted people's money using this feature which i have already mentioned not good for it's upcoming future but the pace of web3 adoption is still amazing, it could spike more if money which had been stolen out of this sector, will not happened.  But in the long run i totally agreed with you. because decentralization will make everyone independent and will built confidence in them but proper policies are required (i think) to manage the good use-case of it. (not AML but maybe another mechanism)

Decentralized and anonymous are different.

Decentralized means you don't want to be controlled by the government or any other central party. While anonymous means you're don't want everyone know your identity including to be controlled by the government.

If you want to being complete anonymous, make sure you never create ID card, driving license, bank account, don't go too school, don't work under someone company etc because you need to submit your identity

I didn't confuse decentralization with social life; rather, I used your key words to give a befitting illustration regarding a centralized system and that of a decentralized system. 

Social media knows what we want them to know about us. It's what I input online as me that the social media captures and keeps as a record of me. I can also decide to live a fake life online, impersonating someone else.

"Decentralized blockchains are totally anonymous?" Yes or no, you are anonymous when you want to be anonymous, and your privacy is protected to some extent when you want it to be. 
If you truly want to make a decentralized transaction without risking your privacy, you need to use a system that's totally in line with your beliefs. You can't talk about decentralization while also making use of centralized systems like exchanges. I know there is more of a centralized system than a decentralized system, and most of the claims of decentralized transactions are not mainly decentralized because they keep track of our transaction records, etc. 

To some point out, transactions are actually not anonymous the way we think they are. We can completely make that possible without any issue; one can run its own node, use a mixing service, etc. which can guarantee your privacy protection at a higher level. 

IMO, The development of Web3 technology is still in its early stages, new technologies are often difficult to launch and often take time to achieve stability and reliability. Most of the current users are still not familiar with the new Web3 system and still have many difficulties in using Web3 applications. In addition, they are afraid of risk and uncertainty when using products and services built on the decentralized Web3. The Web2 platform is growing very fast and its power is still great, creating a lot of value for users. So Web2 developers still want to keep the system intact and continue to improve it. However, the future of Web3 is still very promising with outstanding benefits in protecting privacy, ensuring safety, and giving users complete control over their data. Therefore, taking advantage of those potentials of Web3 should be paid attention to and actively invested in on Web3 platforms to increase connectivity and diversification, and help take Web3 technology further in the future.

You confused the decentralization's purpose with social life (maybe I misunderstood your statement, if yes, then please correct me), as the main purpose of Decentralization is to make anonymous transactions without giving control of your, assets, documents, etc. to any other entity and totally depend on it. Like, if you make a transaction, you wish no one knows who is behind that transaction, so you tried to remain anonymous. 
Social media platforms definitely know about us, but is it true, that transactions on the decentralized blockchain are totally anonymous? because as far as I know, that's not true. And that's also my main point in the post. Like if people are already given their activity data and personal data to these centralized platforms then how can they leverage the benefits of decentralization?

These reasons are totally generic and similar problems are also the fortune of centralized platforms. Like recent bank bankruptcies in the USA that cause a great impact on the crypto industry. Adoption of anything new almost takes 20 to 40 years as I have seen but for my country, it's more. hehe. literally, in our society, everyone used to say, that our country started to think about adopting new technology when other nations already took advantage of that technology and suck the blood out of it.

Totally, right. But that's also due to less or no access to technologies like we have today. We are revolutionizing day by day. Governments, has made such economic situations and offers for there peoples that they can not ignore and forced to use many immoral services to meet there daily requirements. (i call loan+interest system by bank which has been given the name of interest instead that's open usury). Once we have been left no choice, then what people can do rather than accepting it and getting further tuck in the quagmire of offers and manipulated situations.

I have not a slight idea of this fact. Like how could they verified by agencies and exchange if they are not sharing the right data, I think they use others data by taking it legal or illegal means or is there any other way too?

I think most people don't care about decentralization, this is because they are already in the comfort zone, namely an economic and financial system that is fully regulated by the state, decentralization is a threat because many countries consider that a decentralized system will create more problems than benefits.

Ignorance could be because they don't see the importance of decentralization, and in the end, decentralization will always not be full decentralization because the government will regulate everything that is called decentralization because the government wants to control it.
And even though decentralization was eventually adopted by many sectors, it took a long time to actually implement it because often the convenience of centralization became a barrier from using decentralization on a large scale.

until there is nothing that forces people to go to decentralized platforms, we will stay on centralized exchanges. but if the government is will ban crypto and penalizing someone who is engaging with it, users will likely go to dexes.

so far there are regulations already.  once the government realizes the crypto is not really something they want, they will ban crypto. and its when dex and web3 might just be helpful.

I think decentralization to the masses matters more in developing countries and areas with corrupt governments. Basically it’s risky keeping your money there because they can print more and devalue it or they can get the banks to freeze your money. In North America that isn’t really an issue.

Hence that’s why many want to stay away from the centralization world and want something decentralized like Bitcoin and the new dex that we have right now. People don’t want to depend on a governing body for their safety when the times get tough.

that's what people usually call "fear of the unknown". as exactly as you've said that most people find it easier to let other people handle their finances for example the role of the banks, while in decentralized ecosystem there nobody is in charge of nobody, so in order for that to be effective, one must be responsible enough to take care of their own, and that's mostly what people find annoying specially in the case of rich people. in terms of social media statistics, ever since the beginning of mankind entertainment already existed and we are all aware that people are drawn to something exclusive. being on trend is something people find it exclusive so some people are scrambling just to be recognized in the crowd as one of those special people in the internet, and let's admit the fact that nowadays those people i mentioned only care about decentralization and privacy once they are threatened or those information they broadcasted online will be used against them.

Not only majority of the population doesn't care about decentralization, the same is true for crypto "enthusiasts" who also refuse to use decentralized alternatives - because they only come to crypto for making profits on speculative trading. Decentralized alternatives are objectively worse in most regards compared to centralized ones - in things like ease of use, user interface, response times, features, costs of use. Most people don't want to compromise on that for the sake of decentralization.

I observed this a long time ago and realized that people do not care enough about decentralized platforms. I think people like to stay in their comfort zone. So, if there will be a change one day, I guess it will be due to some obligations. In fact, the Facebook-Cambridge Analytica data scandal should have changed everyone's mind, but people still prefer to be reckless about it. I don't know, they know their data is being used, but they still use centralized platforms, I don't know, I don't know what to say about this.

A lot of people still do, but it's hard to ignore the benefits that centralization is giving to people. I know it will take a while for the movement to mature, but it's something that will get there if people just give it a chance. The main problem that we may have from decentralization is its legality and how regulators will try to shut it down instead of regulating it. There's just a lot of tricky scenarios decentralized platforms pose, and that's what makes it hard to go live. Though there are some decentralized services that didn't really hit it and are left to only just close their business.

The concept of decentralization is necessary because many people seem to have had enough and no longer believe in a centralized financial model. Decentralization gives you financial freedom because no single entity controls it, not even the government.

Whether someone likes this model or not depends only on how comfortable they are with the concept. It also depends on the regulatory policies of the country because in the end the regulation has provided certain limitations. We have found adoption is hampered due to regulations, this also influences whether or not one likes the decentralized concept.

As you said, BTC is just 14 years old which means out of the 8 billion population only around 5 billion are using the Internet and internet is like in the market for decades, and still, 3 billion of the population do not use it, And how can we expect BTC or decentralization to be adopted in mass.

I know good things take time and you would also have an idea of it too, but the world right now mostly Western countries is facing severe economic conditions and due to the election campaigns, many of the citizens discouraged the use of DeFi (so-called use-case of Web3 by you) by asking authorities to legalize the AML policy so more scams and fraud could not take place.

That's also not a good decision for them to ban the overall market instead of catching the ones who are involved n criminal activities. Overall, people have to spend years on centralized platforms and business has risen their empires on these centralized platforms, how could they let people shift towards decentralization so easily? So things will get in to streamline adoption speed when the right time will comes until then buckle up for more restrictions from these so-called centralized authorities (SEC etc.)

You are right on your analysis, and that is actually the answer to your final questions. People don't want to get more control of the internet, people don't want to stay anonymous. People want to be entertained and to be in direct contact with their pairs. You know that, because you are aware about the high popularity of Tik Tok (which is ruled by China), online dating apps, social medias in general and every other applications which enforce viewers accepting cookies and personal data sharing.

Anonymity isn't a demand from the public in general. They don't bother being seen and watched, since they are rewarded (financially or emotionally).

The only people that care about decentralization are the pure Bitcoiner. You will be surprised that most cryptocurrency investors don't care about decentralization and from my belief what 80% of all crypto investors care about is the earning benefit of cryptocurrency not decentralization. This is why we see some investors accumulate meme coin based on the hype created by an influence using social media.  
Having said that there's no need for Web2.5 and the last time I checked the web3.0 are doing well though it still lacks the needed traffic but if we see some of the influence that hypes Web3.0 or sees a web3.0 project that introduces the type of airdrop initiated by Uniswap just to give the 80% investors that are only into profit the taste of their medicine we may see some change in the web3.0 market.