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5 years ago in LeoFinance by bitcoinflood (79)
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The demand for decentralization is only just beginning. So many more people will wake up soon and will inevitably pile into the crypto ecosystem
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I think it's unfortunate at the moment that people feel decartelized means they can complain about anything and everything. Most of those platforms are totally unwelcoming to most people unless you have the same political opinions lol. I hope that changes soon.
I see where you are coming from, not sure that it's possible to change that without you know... centralizing. Perhaps there will simply be topics of discussion that transcend political barriers, that's really all I can think of
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I think it comes down to the community. If you don't want to be bombarded with crap you have the ability to block or hide that person. It's a personal choice and not a choice the social media company makes. If someone is harassing you you should be able to block them as well. I feel like it's more about giving people the power to make their own choices instead of some large corp trying to tell you what you can and can't see. There should be some measures in place as well. There's just some things that don't belong on everyone's feed. But in a fully decentralized system I feel like it would just be spam, porn and illegal crap for the most part sadly.
You raise interesting points here, I think that there needs to be individual customization as well because only the individual knows what they want to have on their feeds. There needs to be some sort of middle ground between 2.0 and 3.0
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Just like in 2017, Bitcoin started to enter the mainstream consciousness, in 2021 we are starting to see crypto as a whole enter the mainstream. Bitcoin has reached a point where at least a large percentage of people have "heard" of it. The vast majority still don't know what it is but I would guess most of the people with money now do. The rest of crypto is starting to filter it's way into that consciousness. I think it will take another few years but it's coming.
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Totally agree with that. The biggest negative of all of this of course is how it becomes centralized because people with massive $$ can still hold massive wealth while those who don't are still kind of stuck. Not many people own bitcoin but nearly all of it has been mined. It's kind of a reason I'd like to see a new crypto come out that beats out bitcoin in the next few years and becomes more distributed at first. Or maybe it will take an all new direction. Perhaps everything will be crypto but each having it's own blockchain and token. You then become a part of it by owning that crypto so you have voting stake just like you would with a normal company and owning stocks. That's kind of how I imagine things in a few years from now.
I think that's kind of coming. But I don't think bitcoin is going away. I think it will just continue to grow until it basically is the global currency. I think at some point they will start trading it in Satoshis or some form. Maybe 100,000 sats will be called something different and they'll trade it in that. But I don't think that precludes many other cryptos from making their mark and it could certainly evolve into a pseudo-stock market. They will still have to figure out how to get value back to the "shareholders" though. I'm pretty sure that in the next five years there will be cryptos out there that we can't even imagine right now. Just like any other technology, the developments are coming faster and faster and headed in directions we can't even see yet.
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Yes..btc dominance is declining
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Only by a small amount It will still remain king for a very long time.
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Banks are simply riding on people using crypto to keep up with new technology. Likewise other people are becoming aware of crypto little by little and accepting it.
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