You are viewing a single comment's thread from:
RE: Centralization vs Decentralization : Who is Taking The Spotlight
Both centralization and decentralization comes with different benefits and flaws. but what I no is that in the next 20 years decentralization will be ruling the world
Really wise words from my mentor. Decentralization is definitely coming to stay. Thanks for reading
In as much as decentralization has its merit I do not thing it would over take centralization.
This is because how many of us here have bianace account or roqqu accounts.
Centralization has its flaws but it would always be chosen over it's counter part anytime
This is exactly the same thing people were saying when web1.0 was around and web2.0 was trying to take over, the world is growing, people are getting wise, everyone wants freedom and decentralization is the solution to it...
Just wait till the next 20 years, and you will see what I'm saying..
Decentralization is very good idea but it cannot replace a dominance in which centralisation has in the crypto market many friends and individuals I know hardly already ever use any decentralization platform rather they have accounts in centralization platforms such as binance roqqu houbi and the likes decentralization platforms as at right now plagued with a lot of inadequacy and often are confusing to users.
How often do you rely on decentralization for your crypto dealings if I may ask??
This is definitely because centralized ones make things easier and are more user friendly. Another reason can be because they make use of fiat currencies. One can easily withdraw to his bank with roqqu or using p2p on Binance but that not the case in Decentralized exchanges but I believe over time, decentralized methods would improve to that extent