Topic: Why decentralized money system is needed - page 3. (Read 487 times)

Firstly, i agree that banks do print or at least take the task of printing and get it done from a third-party, but do let me tell you that a bank cannot just simply go on printing as many paper money as they desire to. There's a proper system to all this. Printing allots of currency without any proper check will bring about inflation.

Secondly, its very true that decentralization is not going to bring equality as it appears to be theoretically. Obviously, there will always be a certain group of people who will have more than others. Be it centralized or decentralized, someone will have more than others. And the other thing is that in a centralized system, at least we have an authority to which we can complain, ask questions, get queries solved, put blame on. But in a decentralized system, suppose someone owns a fairly larger stake than others, they certainly can manipulate the pricing and the graphs. And in this case we won't be able to complain to anyone, nor will we be able to march against the person because that would make no sense.

Centralisation does bring a check on the freedom we have on our money, but it also helps keep the whole situation under control and kind of stable.
If we see bitcoins for instance, how often do we see it stable? Not very frequent right!
Whereas the centralized part of monetization is fairly stable. Both have their own perks, and what we need is the correct balance and not the abolishment of one and implementation of the other.

Because there is such science that called Economics. It describes different aspects of the monetary policies of the government. Luckily those stupid people in the US government follow this established science. If you need to understand their logic and find an answer to your question then try to read some books.

Sure. If you want to ruin the world economy asap.
Comrade! It sounds like you are advicing to establish a crypto cummunism lol.
Hmm. And why the US government did not deflate the USD to make it worth 100 EUR? For some reason  everything works fine.
Sorry. That's one of the funniest things on this board. I just can't take it serious. You literally describing how US can get back to the stone age.

It isn`t so simple. Banks are the responsible for creating paper money, they can speculate, they can print more and more, so, actually, paper money, dollars, as you mention, are under bank`s control. Regarding crypto, that is precisely the change that is happening here: this is not "money" as we all have known it for centuries, but a transaction system called Blockchain and based on the trust of many. Banks are supposed to be the third part, in the blockchain there is not such a third part but many people mining and confirming transactions.  

Besides, there are in the world, probably, few with a lot of BTC in their hands. That means exactly the same you are against for. There will be always few people with a lot of power and many with none. This is not about money, but the economy.
I believe in decentralized money, as you. But I can`t see this how you do. For now, it`s already happening: there are bitcoin holders, millionaires, even billionaires, and there are many people with just a tiny amount.

Decentralized money is not going to solve the inequality problem. This is just caused by human greed, and, to me, there is not a vaccine for that. Decentralized money just erases the bank, erase this third part, and allows money to move freely. But it does not mean money is going to be equally shared.

Decentralized money system is actually done by a solidarity of groups which is not under the power of government control, and does not involves any taxes payments to government, that mostly taxes are corrupted by government leaders, so in decentralized system of money it is more likely better than centralized, to avoid any forms of dynamics corruptions. However governments would surely against on decentralized system of money, and for sure they would implement a law against decentralized system of money.

A decentralizes money offers valuable connectivity to persons even overseas. Moreover, the transaction processes of international money remittance wouldn't be as tedious as it is right now. Every transaction only requires a few taps or clicks. Bitcoin's decentralization feature offers a lot of advantages and infinite possibilities

We live in a word with over seven billion population. There are so many people that you can't even imagine. So many different cultures, countries, rules and appraoches. Eventually, we are all human and living by a money system where you work for something and this something most of the time called money and with money, you can trade whatever you are looking for if it's food, clothes or anything that basically exist. By that, money is playing a huge role in our world. There are trillions of dollars, unbelievable amount of debts. But I went too far, let's go to your country. Let's say the USA, there are hundreds of millions of people who use the currency called dollar every single day to live. They work for it, they pay with it, they can't live without this. So something like the dollar with such a huge power, why would it need to be under control? With this thing, you can kill, change and build empires. No one including the government and especially the banks shouldn't have control over how much and how many dollars should be.

Decentralization. Once there's decentralization, no one has ownership of the currency. No one can control and ruin millions of people's lives. That's why it's so important. Money? isn't owned by a single person, corporation, bank or anything like that. Money is held by us all the citizens of the country. Hell it, all the people over the world. It is so decentralized that no person should even have more than 1% of the currency. It's like air, we all need it and we all have it some of them less and some of them are but we are all equal, no hierarchy. This decentralization gives equal rights to everyone. We, the average person bring power to banks and governments that they don't need to have. We need to pay taxes, but no one should get the power of controlling the money supply. No one obviously also should have the power to delete a debt. The money system, the supply should belong to every human on this earth. Centralization is the killer of equality. When I hold 50% of something I can kill it, I can ruin it, I can take it to the moon, I can do a lot of things.
Not only money but anything which has such a powerful influence on people should be decentralized and belong to the public equally.

Of course, at those moments we don't have pure decentralization, but that's should be our vision. That's should be what we are aiming for.
Becuase if you want to have a healthy money system with a pure kind you need a decentralization.

I would like to hear your opinions on this topic.