Kakashi2020 Posted December 7, 2018 Share Posted December 7, 2018 What makes Decentralized Currency attractive and captivating to investors and common people alike? Quote Link to comment https://slingbank.com/forums/topic/1874-why-is-decentralization-attractive/ Share on other sites More sharing options...
axl2468 Posted December 8, 2018 Share Posted December 8, 2018 People like decentralized currencies because it's pretty much free from government control. This means free from monetary policies (which can be a burden for some people), everything is anonymous (which can attract some shady people), the price is not affected by exchange rates, they are immune to deflation or inflation (because there is only a limited number of coins), and because it's just so convenient in general. I can buy something online without having to do some paperwork for my credit card because I can just buy them with the bitcoins in my bitcoin address. Quote Link to comment https://slingbank.com/forums/topic/1874-why-is-decentralization-attractive/#findComment-3303 Share on other sites More sharing options...
NerdIndeed Posted December 8, 2018 Share Posted December 8, 2018 4 hours ago, axl2468 said: People like decentralized currencies because it's pretty much free from government control. This means free from monetary policies (which can be a burden for some people), everything is anonymous (which can attract some shady people), the price is not affected by exchange rates, they are immune to deflation or inflation (because there is only a limited number of coins), and because it's just so convenient in general. I can buy something online without having to do some paperwork for my credit card because I can just buy them with the bitcoins in my bitcoin address. But does being completely anonymous compromises the currency? Like you mentioned it benefits shady people like money launderers but how about the ordinary ones? It's so hard to trust, let's say a currency if no form or body is governing it. Quote Link to comment https://slingbank.com/forums/topic/1874-why-is-decentralization-attractive/#findComment-3313 Share on other sites More sharing options...
Alania Posted December 8, 2018 Share Posted December 8, 2018 Decentralization in every single aspect of the life is great as well, not just the cryptocurrency world. Every single human being enjoys the feeling of autonomy for himself and the surroundings. But yeah, nowadays people don't trust in their own national currencies, and getting Bitcoin was their hope of escaping the harsh manipulative reality of our modern economy. Quote Link to comment https://slingbank.com/forums/topic/1874-why-is-decentralization-attractive/#findComment-3316 Share on other sites More sharing options...
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