Topic: The future of decentralization and BTC digital economy (Read 201 times)

Discussing the future of decentralization and the digital economy is important and necessary for a deeper understanding of the potential of leading crypto projects. The founders and influencers of these projects often have a great deal of knowledge and experience in the field, and can provide very useful future insight.
However, we also need to evaluate ourselves and get more information from various sources before making an investment decision. We should not rely solely on the founders and influencers of projects to decide to invest in a certain cryptocurrency.

There are opinions that are illogical or based on fallacies; they don't have the right to exist. There are opinions that are based on lies; they don't have the right to exist, either. Dangerous and ignorant opinions, especially coming from influential people and those who make decisions that affect the community as a whole, shouldn't exist.

Just less than an hour ago, I was reading a news from one of the leading newspapers in the country. The headline itself shocked me. I was really taken aback. I cannot believe that "The Philippine Government Will Digitalize With BSV Blockchain".^[1] I simply couldn't believe what I was reading. This is an example of the dangers of wrong opinions proliferating especially in the higher echelons of the society. Whatever opinion the representative of this shitcoin created among various leaders here doesn't have the right to exist.

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[1] https://technology.inquirer.net/122504/the-philippine-government-will-digitalize-with-bsv-blockchain?utm_medium=Social&utm_source=Twitter#Echobox=1679868840-1

This is the information field around bitcoin, and it seems to me that every opinion has the right to exist. It may or may not affect you. But you will understand that some people have that mindset, and based on that, you can speculate on what events can come our way.

You should check what CZ said in the documentary

Information is the basic key and more people should be educated on what's happening in the market rather than be reluctant in a place. Blockchain ecosystem is a massive one with new opportunities encompacting the entire process. Time is a criteria function in the system as everything is improving for the better development of the space. Speedy adaption to the new technology and the phase of cryptocurrency is a fantastic project. We are growing every single day and there is insufficient time for those that are not grabbing the new steps of cryptocurrency.

Blockchain going into the fiat world would be the thing that changes the most things, we are talking about a system that is designed to be both decentralized and incorruptible that ends up used by the whole world, and that could actually be amazing for all of us. I am not saying that it will start happening tomorrow or something like that, of course we are going to need some time.

However, we all know that visa and mastercard are already working on it and there are some smaller companies that already started using it, which provides a point that it is better, if it is not better why would they move towards that direction. It changed the whole landscape of economy if you ask me.

I don't have the time to watch the video for now but things had really been changing since the development of Blockchain ecosystem.
Blockchain is going to dominate the world soon and what is left for us now is to get prepared because things will keep changing with time and sooner we are not going to be seeing those common things we see today. The world now is moving to a decentralized habitat and we would be sorry for those people especially the exchanges that think centralization would never end. All we need now is just the time to see how everything is going to play out in due time.

Personally, I think it's always worth staying informed and educated about new developments in the crypto space, so I think watching documentaries can be a good way to learn more.

Nonetheless, it is important to remember that while the founders and influencers featured in the documentary may have valuable insight, they represent a centralized ecosystem.

So, it is always important to approach any new information with a critical eye and consider various perspectives before making any conclusions.

The future of BTC's decentralized and digital economy remains a little uncertain, but it is clear that blockchain technology is here to stay.

I think it's up to all of us to continue to learn and explore this space, and to stay open to new ideas and developments.

The future of decentralization is uncertain but as we know many uses it already in any kind of sectors, many country implement decentralized system already too. While these crypto founders will always promote their services/blockchain/business but will always empower the use case of crypto especially bitcoin because thats where they get profit the most.

It's the users choice, they just provide services where most convenient use can be. Besides most of their site's service have faq/blog pages to educate regarding bitcoin, their tokens and other blockchain/crypto.

These crypto businessmen abhor self custody and the truth, so they would rather deceive people by saying 99% of people will lose crypto stored in self custody, so people can keep their crypto in centralized exchanges and services to be used for trading and gambling by the exchange for their personal profit.

I don't know why people think these crypto businessmen like BTC, if they do, they would educate people how to use BTC the right way, and that is to move their funds into self custody after every successful trade, but how are they going to make money if they don't have billions of their customers money to gamble with.

It can be assumed that the centralized sector of cryptocurrency satisfies some segment of the customers in the industry but it is vital to state that this is not the main thrust of Bitcoin. These exchanges are not part of the plan of Bitcoin creation. These set of entrepreneurs are a businessmen that wants to promote their businesses so that they can get more money and fame. These shitcoin promoters know they can't compete with Bitcoin because the coin creator is selfless while they are just pursuing their selfish interest.

I think it is easy to learn and set up a decentralized wallet than registering and operating a centralized account in any of these exchanges. I hope that these exchanges in the process of teaching these newbies also tell them that their privacy is compromised and they don't also own their coins.

You wrote that well and I agree that for them Bitcoin was and will remain only a stepping stone in achieving their goals. They actually said everything about Bitcoin with their works, because if Bitcoin was enough for them, they wouldn't have created something else, which is the complete opposite of what Bitcoin represents.


Always the same old stories, but we should not forget that the audience is changing and that it sounds very interesting and new to some, because they are beginners who need advice, guidance and vision. According to CZ, the average investor is not intelligent enough to be his own bank anyway, and instead of teaching them about it, he advocates a custodial service because it suits him personally.

Do you want to trust a man who wants to reorg/roll back bitcoin in order to save his own centralized exchange?

Anyway, I didn't watch the video and probably won't try to see it as a whole at all. But if you truly want to grasp how blockchain gets utilized or generally about bitcoin digital economy and decentralization, there are way better resources compared to the three people who made centralized coins and "influencers" that on the video.

A. Antonopoulos is a renowned person that talks about bitcoin since its early stage, you might want to take a look at his content. You can also see further various resources about bitcoin:  https://www.lopp.net/bitcoin-information.html, instead of a single documentary you put, there is various option that I am certain it is way more comprehensive.

No


They are entrepreneurs. Their #1 goal is making money. If praising Bitcoin helps them make money, they will do it. If attacking Bitcoin and promoting their shitcoin is more profitable, they will do that instead.

Besides, they never tell anything interesting or original. It's always "blockchain is the future, crypto is the future, buy my shitcoin before it's too late".

I haven't watched it, and I guess I probably won't. I will give them the benefit of the doubt but when it comes to unbiased views, these people are not the best out there. They're more of businessmen than visionaries, especially Zhao and Sun. I'm not even sure if these two are assets or liabilities to the crypto community. I don't know what they're preaching, but if it's the gospel of Bitcoin, they're certainly not practicing what they're preaching, not walking the talk. Andreas Antonopoulos is a world better than them.

The only focus or context of the videos was on the importance of BTC and blockchain over people's custody of their assets. Like "we can fully control our assets etc. Well, I have a question for you, like I am from a developing country where a problem of load shedding exists. And sometimes there is no electricity even in the whole country but now the occurrence of this event increased in 2022 till now. So in a total blackout, there is no we can access our assets because to do that we need a battery in our devices like laptops and phones, and to perform transactions we need the internet. Overall, in that total blackout banks were also un functional so overall, I can say both sectors depend on electricity and internet communication. So I think we should not say that by adopting blockchain or BTC technology and decentralization we will be free, no. We just have to take care of our assets ourselves. And in the video, there was a question about whether BTC and blockchain could make lives more efficient than why other groups of people are opposing it.

I think that's because of less employment there will be once the total sector of banking and finance shifts to blockchain and digital currency which will eliminate the need for workers. Well, that's only one factor on the list.

It's up to you to trust the CEOs of exchanges or not, as far as BTC has come, it's been a great success for it and there is no doubt in it that BTC provides the poor side of society a chance to come forward and give a healthy life. Likewise my self I have no properties I am a student and started to earn via writing articles for bounties then things just started to streamline.

It's their business, and what they care about is profits, not the future of bitcoin or anything. If bitcoin is not in your favor or support it is not profitable for you, will you invest or continue to support it? I do not think so. All for money, we are like them, but the way of making money is different.

Good point, and I'd say not completely.
All they'll do is talk volatility, investment, emphasize that there are many advantages of a centralized service, as best they can try to turn you into a speculator and encourage you to use their platform.

It is not an exaggeration if I say Bitcoin is the only cryptocurrency project that is actually decentralized. Altcoin projects are all centralized no matter how they tried to build up DAO to become decentralized in view of investors. In fact, their vote systems are biased by strongly centralization of big token holders.

Decentralization of Bitcoin network is shown on mining activities as well as node distribution.
Mining map and Live map of reachable nodes

Those projects were not born with initial missions to beat Bitcoin and they won't be able to do this. Many altcoin projects born with so noisy missions but they never fulfilled their ambitious missions or what they wrote in White paper, roadmap are simply lie.

Don't buy altcoins because they are top altcoins
If you want to check top altcoins and their histories (born, jumped to top, died gradually or completely dead), let's visit Coinmarketcap's Cryptocurrency Historical Snapshots

What's the relation between those projects and Bitcoin's decentralization?

Binance is kill the Bitcoin's decentralization while other projects e.g. Tron and Cardano are created in order to beat Bitcoin and the most important thing they're centralized. The documentary videos will only talk about common sense just like Bitcoin is decentralized and no one can control it, but technically when you're send your Bitcoin to Binance, Binance do have a control over your coins.