How far are we from real decentralization?

CryptoBry

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Quote from: enhu on June 07, 2019, 03:14:01 AM

It may take a long discussion till we see real world decentralization in stock market but we have been seeing BTC on FOREX and NASDAQ which we can now consider BTC is accepted investment. A long discussions for Financial Regulations and law and then SEC which had been delaying everything but once finalize I think it can happen faster. There are projects/platforms that will tokenize businesses/companies in stockmarket and probably even those in DOW, I guess they can use the platform if there really is a plan to make stock market decentralize.

This can, of course, take time because there is no magic bean here. There are many factors that have to be consider first before we can go full blast with decentralization and with the weaknesses of human nature we don\t want this to be abused so we should take one step at a time to make sure that at the right time everything can be all ready.

jak3

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Ok, first of all, there are decentralized DNS available in the market you can go and buy them. And secondly not everything can be decentralized at this point the main thing is if we can remove the banking systems and can put the Bitcoin or any altcoin payment methods in a country that will be that true decentralization in a country.but for this type of massive adoption we need at least 30% of the country's population to be interested in Bitcoin usage. and doing this will result in the complete collapse of banks and maybe it will be the welcoming part of cryptocurrencies.

kamBlanV

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the government limits the spread of BTC, so we only see decentralized that are not real. do you know the DNS component? such as DNS resolver, recursive DNS, and authoritative DNS. we will see real decentralized when the government makes regulations about crypto.

maldini

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Quote from: okala on May 11, 2019, 11:36:56 AM

The real decentralization is in the usage as long as bitcoin holders can spend the bitcoin at the time they want that is the freedom and haven gain but the financial freedom and giving us the secondary currency which is without border restrictions.

Yup, I think that's the main thing, the real freedom is when we have what Fiat doesn't have and Bitcoin has it that is decentralized and this is real evidence that is felt. There are no taxes, low fees, and much more. It's as if someone who holds it has full, this is real decentralization

uneng

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Quote from: karsyla on May 11, 2019, 11:12:44 AM

The same goes for stock market. Why is it not decentralized yet, allowing people to exchange stocks without the interference of exchanges?

I think it might not happen. One reason is that an exchange is a good platform where there is high volumes of coins and security assured, another reason is that exchanges can be the eyes of a country's government to check how the trades and transactions are being done, so if there is anything suspicious they whisper the government to invesgate further.

Without interference of exchanges it would be a p2p market: it's risker to deal and it difficults the high volume transactions as the money will be fragmented. In addition it's hard for authorities to investigate frauds.

Nasonn

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We are still very far from decentralisation but gradually we will get there. Decentralised is spreading at a reasonable pace and many new actors are getting into the space. In ten years time we would have gotten more closer than we are today.

enhu

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It may take a long discussion till we see real world decentralization in stock market but we have been seeing BTC on FOREX and NASDAQ which we can now consider BTC is accepted investment. A long discussions for Financial Regulations and law and then SEC which had been delaying everything but once finalize I think it can happen faster. There are projects/platforms that will tokenize businesses/companies in stockmarket and probably even those in DOW, I guess they can use the platform if there really is a plan to make stock market decentralize.

karsyla

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some other projects like IOTA have the potential to achieve real decentralization

thirdlight

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Quote from: thesmallgod on May 12, 2019, 11:14:09 AM

the chance of reaching real decentralization of asset is very slim. despite outrageous numbers of coin and token that claim decentralization, many of them are listed on centralized platform which make it difficult to achieve complete decentralization. Even the bulk of people that hold crypto today end up converting it to fiat before they can spend it on anything they want and ones you are making contact with fiat then decentralization power is quenched. I hope you know stock market trade assets that are backup by company directly control by government. we all know government wont want decentralized system

I do not believe in real decentralization and I think that we will not see it in the coming years. Perhaps new projects will be able to do this, we'll see.

thesmallgod

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the chance of reaching real decentralization of asset is very slim. despite outrageous numbers of coin and token that claim decentralization, many of them are listed on centralized platform which make it difficult to achieve complete decentralization. Even the bulk of people that hold crypto today end up converting it to fiat before they can spend it on anything they want and ones you are making contact with fiat then decentralization power is quenched. I hope you know stock market trade assets that are backup by company directly control by government. we all know government wont want decentralized system

rachellee

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No one can really tell exactly how far we are from it. The transition pace to it could slow down or speed up as we near it, depending on the challenges that its haters may throw to it and the reactions of the community to it, but one thing is for sure, we shouldn't let go now more than ever despite these struggles. It is almost at hand, and its future is getting clearer and clearer as more and more people and nations are adopting crypto.

exchangestolemycoins

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Quote from: karsyla on May 12, 2019, 03:56:42 AM

Quote from: exchangestolemycoins on May 11, 2019, 09:23:08 PM

DNS is decentralized. The internet is for the most part, decentralized.

could you elaborate on this please? Because I do not see how DNS or especially internet is decentralized.

Yeah - https://en.wikipedia.org/wiki/Domain_Name_System

"The Domain Name System (DNS) is a hierarchical and decentralized naming system for computers, services, or other resources connected to the Internet or a private network..."

One could argue that the administrators in charge of delegating "sub-domains" do not act in the best interest of everybody. But if a DNS server goes down, you can always ask another server and they will tell you what IP address to go to (https://webhostinggeeks.com/guides/dns/dnsguide.png)

sehoon

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I think as time goes by, we are getting far from the real decentralization. Because there are already people who governs things that are related to cryptocurrency. And I think anytime soon government can get involve. There are also big corporations who are now getting involve and I think they want control on other things here since this is a profitable world.

xWolfx

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Quote from: Beerwizzard on May 11, 2019, 03:20:00 PM

The another point is that people are doing fine without centralization. Companies are using our data and providing a better service because we share it, governments are taking all the advantage of controling and tracking all our activities and transactions. And all those things work such a user-friendly way when you don't even notice that someone is using your private data. And that's because even most users don't really care about it.

Truth. And precisely because of that lack of curiosity true decentralization is not going to exist, why? - Because people want things easy to do and they don't really care much about how they work.

Some of us do care about stuffs and we research and think about them and offer ideas. But until that is truth for the vast majority of world's population then chasing that dream is a waste of time. It's better to have a fair level of decentralization and go for mass adoption from my point of view.

antisocial77

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never.i believe that current system will never allow crytpocurrency to be decentralize.when we become really rival to fiat money, they try to forbid crypto.i hope they cant succeed.

Jeborn

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Even though blockchain have achieved quite alot in the last decade. The ultimate goal of full scale decentralized economy lies with adoptions of blockchain bitcoin as a payment solution and other solutions the multitude of cryptocurrencies we have in the a market have. Not until then we can boast of true decentralization and I believe this may probably take a while couple of decades maybe.

waynechong1995

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swing!

Most like decades as the base on crypto nowadays are based on exchanges and business adoptions. Users dealing with a merchant directly using crypto is not common at all. Arguably BTC is not possible to 100% decentralisation due to fact that its an assets on regulations matter that still somehow hold liability on the user.

karsyla

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Time is money so I went and bought a Rolex

Quote from: exchangestolemycoins on May 11, 2019, 09:23:08 PM

DNS is decentralized. The internet is for the most part, decentralized.

could you elaborate on this please? Because I do not see how DNS or especially internet is decentralized.

karsyla

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Activity: 248

Merit: 112

Time is money so I went and bought a Rolex

Quote from: Beerwizzard on May 11, 2019, 03:20:00 PM

The another point is that people are doing fine without centralization. Companies are using our data and providing a better service because we share it, governments are taking all the advantage of controling and tracking all our activities and transactions. And all those things work such a user-friendly way when you don't even notice that someone is using your private data. And that's because even most users don't really care about it.

I am not talking about complete decentralization in every single aspect of our lives, but at least in those where it would be beneficial like my mentioned DNS and stock exchanges or voting. Blockchain could be used to achieve direct democracy without this representative shit

Nolimitz84

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We're still at the beginning.Decentralization is gradually entering our lives.Applications,services,communities are created that are aimed at complete decentralization.Therefore, at the moment we are still far from real decentralization,but the movement is set.I hope sometime we will still begin to live without the 3rd party.

Topic: How far are we from real decentralization? (Read 616 times)