Decentralized Networks Provide Solutions To Rigged Systems
Crypto market is down again. Now I thought bitcoin and crypto prices only went up. Regardless the reasons for this stagnation and lack of energy to boost this crypto shuttle to the orbit, it has never been more clear that the destination is beyond the near orbit. Perhaps, the word decentralization is overused and concept is not new. But the value proposition is priceless. What is the price tag of truth in a world full of lies? What is the price of honesty in an environment that incentivizes deception? What is the price of clarity, when all we see is confusion?
Bitcoin offers answers to these questions and provide transparency in transacting with one another. Bitcoin offers much more than transparency. However transparency is so important, it solves many of our problems. Now that there is a technology that makes it possible, now that there is community that embraced it and keeps growing, now that network has proven to be secure, it is no longer a theory. It is a reality. The growth of the network will continue. More and more people will understand how world can be much better with a mathematically provable transparency.
Transparency makes decentralization possible. How else would you build a decentralized network. In essence, being open and transparent network is a requirement for the network to achieve any kind of decentralization. Bitcoin code is open source and available for anybody to review, edit, and use for free. Everybody is welcome to join or leave or rejoin and leave again as they please, as many time they like. All transactions are stored on the blockchain and available in public ledger that can be access by anybody without asking permissions and completely free. These characteristics of bitcoin, while may sound simple and nothing unique to them now, it wasn't too long ago when we could only have these concepts in theory.
True decentralization relies on transparency, and true transparency require decentralization. We can never be absolutely sure that the transactions are completely accurate and truthful if there is even small chance of one or a group of entity altering them. Altering of rules, deals, transactions, agreements happen in the world all the time. Often in a very deceptive manner. We may point fingers at governments and banks among those to don't play fair and practice deception. But they aren't the only one who do that. These practices can be seen everywhere: in business, services, medical care, law, schools, work places, tv, etc.
Ads and commercials are the common way of deception tactics implemented as a normal thing in the society. They are accepted as norms, when there is clear evidence of deception. Not only they are common practice, companies operate as if it something that keep the competitive in the market. This may also be true. These things are strange. I don't understand them. But these ads and commercials work. If they didn't, companies wouldn't be spending millions of dollars on them. They wouldn't have designated funds allocated only for such purposes.
We can see lies and deception used as a norm. Hey, we are just trying to make money, and it's not really a lie it's just marketing or some other fancy terminology. It is not difficult to see all of these rigged systems. Lack of transparency is one of the main reasons, such practices exist. Having a solution that provides transparency is revolutionary. Systems that rely on transparency will prove themselves to be more resilient and beneficial to all participant. They may lead to a better world, with less lies and deception tactics.
For these reasons, I think temporary crypto market stagnation or decline shouldn't matter much. Because the benefits of decentralization are so great, decentralized networks like bitcoin are in a good position to continue to be successful. That is also why networks like Hive are too in great position in the coming years. Not all crypto projects are same, and not all crypto projects are decentralized or not decentralized enough. Those who embrace decentralization and work towards it, have a lot to offer in the transition from traditional ways of doing things.
What is your favorite decentralized network? What makes a network decentralized? Is transparency even important at all? Maybe I am just overthinking things.
Posted Using LeoFinance Beta
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
For me I believe my favorite is hive because the future is really bright with the blockchain with the tremendous activities going on now which I believe will progress in the future. The system is where you not only earn but also learn to make your name and account progress as well. It's a blockchain were we socialize with others which is what I appreciate a lot where you can interact with different people around the world it's really awesome. The system in how your rewards are been made is extraordinary because it is made in a way to enable users in the blockchain save for the future which I believe other platform don't do so with the like of having your reward in hive power then also savings your rewards into savings, I really appreciate hive for that.
Honestly I can feel the genuiness of this post.there is nothing like being transparent in everything we do because it foster trust and faster development,but unfortunately for the world we live in today the reverse is the case.nobody cares about the act of being transparent anymore.obviously decentralization will bring back transparency again.
Transparency is definitely important and I agree that business use marketing in very deceptive ways. The documentary Supersize Me 2: Holy Chicken was an excellent look into deceptive marketing practices in the food industry. The term "Health Halo" is very relevant to more than just food. When it comes to marketing anything, the world is full of these "halos." Inovation Halos, trust halos, privacy halos... often times its all just bullshit. Decentralized and true transparency helps cut through that bullshit.
Hive is my favorite decentralized network because I interact with it on a daily basis.
I like the way you think and to this day some don't use dex or don't have crypto
Transparency is ver good on everything we are doing because it brings back an improvement and development to our society. Thanks for this post
I think this is kind of the situation of apples and oranges. Transparency, accountability, security and participation are the benefits of a technology called blockchain. On the other hand, trading anything such as cryptocurrencies is a totally different and changeable situation. We should consider this differentiation.
The obvious choice is Hive for me. After all, everything tends to be public on the blockchain but I still think there are plenty of ways to be further decentralized. After all, there is still a lot of centralization. It also makes you consider whether or not Defi is truly decentralized. In a way, I think it's still heavily centralized because Binance still controls BSC.
Posted Using LeoFinance Beta
The ability to be able to look through something negates any form of foul play. Decentralized blockchain platforms being transparent affords one the opportunity to be resilient to deception tactics.My favorite decentralized network will be hive with no bias.
Hive, Bitcoin, and Ethereum.
Nodes all over the world with a wider token distribution. Also, the behavior of the community is important in order to combat centralized elements within the network.
Yes. It's the most important thing. Development happens in the open, in hiding happens the crime. 😂
No, you are doing alright. 🙃
Posted Using LeoFinance Beta
There is no need of choice of words. By default anyone seeing this post will primarily choose hive as a favorite (including myself). But, what about if there is a "what if" situation. What if this decentralization thing is unreal? And for some reason, its just pure deception?
So many "what if" questions to ask about. Then what if everything is otherwise as well?
What if?
Prior to my "accidental" stumbling with Hive, I thought I knew what decentralized network means. Read at least one book as my introduction to this idea of decentralization. Another white paper claims that DAO is the ultimate goal of a new blockchain. Coming to Hive, I now have a way to compare what I read before with what I know now. Still many believe that decentralization can really happen when there is one company and a CEO behind it and that 20% of the total tokens will automatically go to only two people. A trading guru I know while he confidently announced the SEC registration of his company is also selling the ideas of DeFi and DAO.
Posted Using LeoFinance Beta
wow, this is the time we need hive now.because hive take over everything .it is only hive that can provide solution to this current situation.
I haven't explored a lot of decentralized platforms but so far, Hive is the best one by far.
Posted Using LeoFinance Beta
:) That would be so awesome if crypto would only go up! :P As far as something I see as a decentralized network.. well, hive, of course! In fact, I see it as kinda like crypto, but more of a blockchain that just grows as u add more and more stuff to it. If there's a constant grow, no real threat of sudden drops like crypto, it's hive!
Transparency is something that needs purification in the system attached to.
There are some issues arising in the contexts of decentralization and blockchain, open market and other networks.
Looking at Hive,I find not much things are better from this and as a unique block network, I would prefer this.
Storing info's completely secured and immutability is what defines a network decentralized in a sense.
I just don't when the crypto market will bounce back to the top. Please do you have any idea? Well, I love your post and after I read the post, your post was absolutely specific on its title and I love it most. Thanks for sharing