Post
Topic
Board Economics
Re: Decentralized Economy: What is it for?
by
barbara44
on 18/06/2019, 05:22:08 UTC
Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them.

Lols,

Last time I checked Spain, Switzerland and the United States were not in the stone age.

Decentralized economy?
Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy.

When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system.

With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution.
Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain!  Grin

Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left.
It is not something we should even dream of, so long we are dealing with humans who are naturally lawless in nature, decentralizing the economy will create lots of chaos, there will be lots of scam, lots of fraud, lots of things happening that will go against the law. In fact there will no longer be authority that will function well. What are we even talking about, who will ever approve this, this is just a little fantasies which can never in the op’s wildest dream ever happen. We are still fighting hard to get decentralize currency approved and now we are shifting to decentralized economy? Absolutely impossible.