Have you ever been in that class where there is one genius guy, you know I mean the school smart who happens to always answer all the questions, pack all the good grades and probably leave you and the rest of your dumb (or should I say middle-knowledge) friends to face the punishments. You'll be hearing scolding words like, how come he caught it right and you all missed it?
Inasmuch as I am no fan of being school smart, we all know it's not a criteria of leaving a successful life after school. There is one thing I have picked from school smart individuals, they understand the education system, that's why the teachers love them. Funny enough from the other side, their classmates will hate them. They are mainly the cause they get punished for not doing assignments or failing in classworks. You get to see it, smart students are always very few because not everybody wants to put the needed effort to become one, they also in the process have few intimate friends.
Let's come back to decentralization, why is there still that difficulty in massive adoption of a system that can automatically solve problems and fairly allocate resources. If you want to check the advantages decentralized networks hold to the financial, social media, health, gaming, real estate when talking about tokenization, you would be left in astounded situation. bitcoin has proven to investors to solve the inflation challenge of fiat currencies, decentralized networks like hive provide a three seconds and zero transaction fees for users yet a lot settle for unnecessary bank charges. I just came to realize maybe they feel decentralization is too smart for the masses to adopt.
Looking at Decentralized finance(defi)
From the banking sector, you just introduce a system that cuts middlemen and transaction fees and they feel you are here to cause trouble. Just like the school smart solving what others want it to remain unsolved. You know banks are always hanging onto transactions in the name of "processing" and it takes days. You all know this can be done in a few seconds using cryptocurrency, hive is a typical example as I said with a three second transaction and zero fees.
The idea of the banks needing lots of paperwork to comply with borderless transactions when this can be done with your device and a connected network. When looking at the angle of giving loans, the interest rates and collaterals the bank demands before they even consider your application, you could solve this problem by joining a decentralized finance (defi) pool to lend and borrow without unnecessary collaterals. Is Decentralization too smart?
Web3 developmentshttps://files.peakd.com/file/peakd-hive/daniasi/23tRrLyikC2DD3VGkDTuiHD7xRjXSz8a8JoeTXMdjfSnLs1QtwoxFK2xCSiwgyFjkLDEg.png
We have seen how web 2.0 platforms have dominated for decades reaping rewards for its owner which currently we have seen to be unfair, why? The introduction of web 3.0 has proven content creators and social media users are always paid less for more. Your data remains under their control to do as they please whereas in the aspect of web3, privacy is of core value.
To have a say in the system and cannot be kicked out by centralized bodies who determine who to stay. Activities are open for everyone to be involved and there is room for everyone's opinion to be considered. Do you know what this means? How do you convince a teacher to believe the assignment was difficult when the genius had it right? You can't, so you in turn dislike the genius for being better than you. This is the game I am seeing constantly being played by the centralized system to oppose the fairness decentralization has brought to the general table.
Can we say decentralization is too smart?
There is nothing to doubt here, borderless transaction is a smart way of doing business, data privacy is the right way of engaging in platforms and a fair reward is also a good way to encourage every social media user. So yes, decentralization is smart yet its refusal of massive adoption is not for the fact that it's too smart, it's basically ignorance. Majority of people love hanging on to old things. I have been in such a situation where I could not let go of an old gadget although I wasn't using it anymore.
Inasmuch as centralized systems are working to stay top in every market, the main deciders are the users who have refused to see the light web3 and decentralization has to offer. There is a saying, he who walks with the wise becomes wiser, instead of hating that school smart, make him a friend and benefit from the opportunities he has to offer. Decentralization aims to advance the centralized system and there is nothing more personal than that. The idea of trying to stop it because it seems too smart is a game that may not last for long, you can't stop technology.
To conclude, let me add, we are seeing misunderstandings of what decentralization presents to the table. Centralized bodies feel the system is too smart for their liking. If you can't beat them, join them. Advance your platform to meet up fairness and if you are not ready to do this then you should accept this inevitable technology that has emerged to advance the way we interact with finance, social media and various system in this modern era.
Posted Using InLeo Alpha
