Topic: How far are we from real decentralization? - page 3. (Read 628 times)
I think we are still far from a total decentralization, i think it can take some time maybe more 5 years to have full decentralization, i reffer to exchange and maybe after more time decentralized exchange will be more used.
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.
yes but blockchain could be used to achieve decentralization in other areas of life; it could be used in so many things for the benefit of people
and BTC cannot be classified as currency I guess, it's more like a virtual gold, if we are hoping to see BTC price >100k$ and up, just imagine the fees. and the waiting times.
so in terms of financial currency, BTC is shit
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.
I think the altcoin Namecoin was also trying something like this, not sure whatever happened to it.
The same goes for stocks, NXT tried to solve it but then like most projects just went gone.Quote
Stock market unfortunately involves touching real world assets.
We could argue there that BTC is the same real world asset, since stocks only prove your ownership of a company, and the exchange of them is virtual now, nobody signs those papers anymore 
Funny you mention this, decentralized DNS was also one of Satoshi's goals. Currently Theymos, the forum admin, is also revisiting this idea...
I think the altcoin Namecoin was trying something like this, not sure whatever happened to it.
I think the altcoin Namecoin was trying something like this, not sure whatever happened to it.
well, I cannot imagine how decentralized exchanges (stocks, cryptos, everything) should work, but being a non-tech person, I can imagine that DNS could be decentralized for sure, all you need is a freaking distributed ledger which BTC gave us
How far are we from a real decentralization in more aspects of our lives and technology?
What I want to point out is, I have been learning a lot recently about tech in general and, for example, I have learned what DNS is.
Why are we not seeing a decentralized DNS yet?? just why???
The same goes for stock market. Why is it not decentralized yet, allowing people to exchange stocks without the interference of exchanges?
What I want to point out is, I have been learning a lot recently about tech in general and, for example, I have learned what DNS is.
Why are we not seeing a decentralized DNS yet?? just why???
The same goes for stock market. Why is it not decentralized yet, allowing people to exchange stocks without the interference of exchanges?
Funny you mention this, decentralized DNS was also one of Satoshi's goals. Currently Theymos, the forum admin, is also revisiting this idea...
I think the altcoin Namecoin was also trying something like this, not sure whatever happened to it.
Stock market unfortunately involves touching real world assets. As you already know, there are fully decentralized exchange platforms for the virtual assets known as crypto. But once you touch fiat or other real world assets, governments and institutions can and do get involved.
If we were to use an alternative name resolution system, we would have to all stop using the current one. This is not a problem, as the parallel dns can actually also serve the current (as some alternative dns already do), and build on top of that.
Hi everyone,
I have been into BTC for almost two years now, and as time goes my passion for the technology and the stuff it brings together with it grows together.
To me personally, the biggest gift BTC has brought with itself is decentralization, and now since BTC has been for over 10 years now with us I have this simple question:
How far are we from a real decentralization in more aspects of our lives and technology?
What I want to point out is, I have been learning a lot recently about tech in general and, for example, I have learned what DNS is.
Why are we not seeing a decentralized DNS yet?? just why???
The same goes for stock market. Why is it not decentralized yet, allowing people to exchange stocks without the interference of exchanges?
I have been into BTC for almost two years now, and as time goes my passion for the technology and the stuff it brings together with it grows together.
To me personally, the biggest gift BTC has brought with itself is decentralization, and now since BTC has been for over 10 years now with us I have this simple question:
How far are we from a real decentralization in more aspects of our lives and technology?
What I want to point out is, I have been learning a lot recently about tech in general and, for example, I have learned what DNS is.
Why are we not seeing a decentralized DNS yet?? just why???
The same goes for stock market. Why is it not decentralized yet, allowing people to exchange stocks without the interference of exchanges?
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