Post
Topic
Board Bitcoin Discussion
Re: Are we not abusing decentralization?
by
Virtual miner
on 22/04/2019, 03:53:14 UTC
Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.
Decentralization was itself brought forward with a concept that there won't be any need of regulation in the economy as people would be able to manage themselves and control their own finances. But some people have used this in a very poor manner. This has made us rethink about the prospects of regulation in P2P network too but inculcating the same would be a very challenging task. Moreover I am pretty damn sure that this problem would become a major issue in growth of btc as people want safety first. We are really abusing decentralization a lot.