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.

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