Quote from: Nwada001 on April 09, 2023, 12:22:49 PM

When you want to protect your private life...

You confused the decentralization's purpose with social life (maybe I misunderstood your statement, if yes, then please correct me), as the main purpose of Decentralization is to make anonymous transactions without giving control of your, assets, documents, etc. to any other entity and totally depend on it. Like, if you make a transaction, you wish no one knows who is behind that transaction, so you tried to remain anonymous.

Quote from: Nwada001 on April 09, 2023, 12:22:49 PM

On social media, they know what we want them to know about us. But on the blockchain, no one knows who is who or who owns whose wallet.

Social media platforms definitely know about us, but is it true, that transactions on the decentralized blockchain are totally anonymous? because as far as I know, that's not true. And that's also my main point in the post. Like if people are already given their activity data and personal data to these centralized platforms then how can they leverage the benefits of decentralization?

Quote from: Husires on April 09, 2023, 12:25:14 PM

I have not yet mentioned the influence of media, fake news, fraud, hacking, and others.

These reasons are totally generic and similar problems are also the fortune of centralized platforms. Like recent bank bankruptcies in the USA that cause a great impact on the crypto industry. Adoption of anything new almost takes 20 to 40 years as I have seen but for my country, it's more. hehe. literally, in our society, everyone used to say, that our country started to think about adopting new technology when other nations already took advantage of that technology and suck the blood out of it.

Quote from: Zaguru12 on April 09, 2023, 01:05:10 PM

Firstly I would say before the evolution of this web 3 many didn’t believe we could actually do stuffs in decentralized way mainly because that is what the government made us to believe or the technology as at then shaped human mindset to. But that didn’t mean they weren’t people seeking anonymity because even on social medias there are accounts created by individuals with informations or KYCs that are either wrong or has nothing connected to them.

Totally, right. But that's also due to less or no access to technologies like we have today. We are revolutionizing day by day. Governments, has made such economic situations and offers for there peoples that they can not ignore and forced to use many immoral services to meet there daily requirements. (i call loan+interest system by bank which has been given the name of interest instead that's open usury). Once we have been left no choice, then what people can do rather than accepting it and getting further tuck in the quagmire of offers and manipulated situations.

I have not a slight idea of this fact. Like how could they verified by agencies and exchange if they are not sharing the right data, I think they use others data by taking it legal or illegal means or is there any other way too?