Decentralization: Trust In A Trustless World

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This year people finally saw what many "conspiracy theorists" were saying for years. It appears that many are having a more difficult time trusting what they are being told. The world around them seems to be crumbling.

Over the last decade, the trust in the mainstream news diminished. For a long time, the large media outlets were the source of news. While we didn't have many options, the reality was they did have fact checking desks and, to a degree, did try to report what was happening. Certainly, they might have been fed a line of b.s. which made it into the stories but at least the intent was there. Journalism, especially investigative, served a purpose.

Contrast that with today. The media entities all point to the internet sites as "fake news". Of course, much of what we see online is totally fabricated. However, that does not absolve the new outlets of their behavior. The fact is there are no more fact checking desks or foreign correspondents. Instead, they simply take what is told to them and run it as factual.

We also saw an election in the United States that a large portion of the population feels was bogus. The fact that it was not even looked into by the supposed "purveyors of truth" is what is most concerning.

Finally we get the entire COVID-19 situation. Was is a failed biological weapon? Is it as deadly as they say? How come independent journalists, the few that are still around, are arrested for filming hospitals that are not overflowing?

We saw social media companies radically alter their policies. Censorship is alive and well. They went and zapped anything that questioned the mainstream narrative.

Outside the most ardent supporter of these entities, who are usually the most naive of the lot, many are starting to wonder whether we can believe what is being said. Essentially, trust in our institutions is being lost.

So where do we go to trust in a trustless world?


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This is where blockchain and decentralization enter the picture. The fact that millions are being exposed to the fallacy that is before us is the truly "waking" moment. After all, does anyone really trust these major centralized institutions with our data? It is amazing how Twitter's actions during the election made everyone forget that it suffered a major hack during the year. Does anyone buy into the idea they corrected the problem and it cannot happen again?

Governments are spending money like it is going out of style. The U.K is contemplating going into a lockdown for 3 months. If it does this, what is going to happen to the economy? The only way to avoid mass starvation is to give people money to survive. Countries cannot afford that.

Just ask the Greeks how this story ends up. They recently lived through where this goes. Imagine waking up one day and the banks are closed. They say they will open up in a couple weeks, but that gets extended. You and your money are not to be reunited.

We see this same story playing out all over the planet. Country after country experienced this over the last few decades. Sadly, the list keeps growing.

Those who trust the government or, worse, politicians, are complete fools. The plan is out in the open now. Those who still have trust are the most blind to what is taking place. There is an orchestrated attack on small businesses, individual families, and each person's money.

Throughout the media we are told how things that do not fit that narrative are fake. The mantra that Bitcoin, and by extension cryptocurrency, is fake still is pursued. Ironic that the "rat poison" as Warren Buffett calls it was able to top is company in market cap just last week.

People were lulled to sleep over decades. In the West, the debt level is absurd. Leaving aside government spending, the debt load that the individual family is carrying is asinine. Do people really have that frail an ego that they just need to keep spending money they don't have to try and impress other people? Or do they just feel entitled to it?

The centralized system is one of control. When power is centralized, it is easy to wield. The worst thing for a power structure is the idea of decentralization. When things spread out on a horizontal basis, it is impossible exert influence over people. This is why the present corporate structure is top-down.

What lies at the core is all this is failing people. While those in many parts of the world already knew this, the West is starting to really feel the effects. Over the last few decades, it was steadily moving in that direction yet the burner is really being turned up now.

This means that what one could trust and depend upon is being exposed as either fake or completely against the best wishes of the individual. Essentially, it is coming to bite them in the ass.


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Calls for free money are all over the place. The sad reality is when it is in the hands of the government and politicians, it ends up being a very bad outcome.

The number of people on disability in the United States exploded. Certainly, there are many who suffer ailments that make it completely impossible to work. However, there are many who simply milk the system to get a check. The question I have is do you know anyone who depends upon disability to survive? How is their existence?

We see the same thing with Social Security. Do you know anyone who survives on their Social Security check alone? Their life is miserable. They have no money and are always broke. It is the proverbial running out of money before running out of month.

Now we have calls for Universal Basic Income. The key word there is "basic". It is not meant to be universal "this is all the money you get" income. In the U.S., it was proposed to sent each adult $1,000 a month. That is $12K per year. If that is all the money someone has coming in, then it is not going to get that person very far in most parts of the country.

Of course, if many of the jobs are destroyed, we see this as the sole source of that person's income. How is life going to look?

The scary part is this is only in place until a new set of politicians arrive and are confronted with major financial problems. Then they start figuring out ways to cut money out.

Do you really want your ability to survive in the hands of these psychopaths?

This is the result of a centralized world. No matter what the system, we end up in a tyrannical state. Republics are no different than communism. They start out at different stages but end up moving in that direction. As they say, when the masses start to vote themselves a check, at the expense of others, the path is already laid. It was repeated throughout history.


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Decentralization offers a completely different path. One of the most vital areas of cryptocurrency over the next few years is in the area of governance. This technology was born in the digital era, operating in the online world. As our real world starts to merge even more with this medium, new governance models are available.

And most of us are aware that they are sorely needed.

Many will still feel what I am writing here is total garbage. That is fine. What is important is that number is less than it was a year or two ago.

If one doubts this, just talk to some of those people in Argentina, Greece, Cyprus, Venezuela, or Turkey and get their opinion of things. They are further down the path of corruption than the rest of us are. However, it is a model that the West is following.

At the core of a lot of this is money. In our world, like it or not, money is power. This is what our entire power structure is built upon. Some will say it is jails and guns but how are those acquired?

By decentralizing our money, and breaking up the monopolies that governments have over the creation of it, we then are entering a new era. The challenge before us is to grow a system that is large enough to operate outside the present system. This is where the power acquired through money will be negated.

For this to happen, people need to wake up to what is taking place. If they can control all the money you have and your means to acquire it, then it is game over.

It is the end result of a centralized model.


If you found this article informative, please give an upvote and rehive.

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24 comments
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Bang, I did it again... I just rehived your post!
Week 38 of my contest just started...you can now check the winners of the previous week!
!BEER
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I have no faith in people.

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A conclusion based upon watching their actions over many years....

Hard to be any other way.

Humanity often defaults to the level of moronic it seems. We are our own worst enemy.

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Brilliant, I don’t have the words to say how much I respect, esteem and support this assertive stance.
Less and less blind fools luckily and thanks to eyes opening people delivering speeches like yours.
Thank you very much.

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Trusting the government is complete foolery, this is because centralised doesn't offer security, people sometimes feels secured because of the bogus assurance given to them by centralised entities and they feel they need them to keep their money, their data or even their information. So many people in Nigeria has been duped by our very own commercial banks but then the would still chose it than have the opportunity to own their data, I guess sometimes its all in the mindset.

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Nigeria is a country that certainly knows exactly what I am referring to here. I should have mentioned it in the post.

Interacting with people such as yourself over the past few years has clarified the perspective we are discussing. It is one thing to buy into what is being doled out until you chat with someone who heard the same crap and was burned.

As mentioned, the list of countries just keeps getting longer. Those who fall victim to operating in their own "mental vacuum" oblivious to what is going on outside of that are going to be in trouble.

Americans tend to be very inner focused, not looking at much of the rest of the world. This is one of the things that is making them blind to what is taking place. I know you all in Nigeria can look at the situation and see where it is heading because you lived it.

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We have definately lived it and it affirms posts about happenings that takes place in African countries especially Nigeria. I wouldn't really blame America as the political setting makes it really possible to hide economic facts and happening away from the hawk eyes of other countries but then its pathetic. The government robs the people in broad daylight with control Schemes all over and I believe its left for us here individually to get enlightened.

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It is starting to happen here. Like you said, passing laws in broad daylight to rob people.

They are going to stop paying the system eventually.

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I think one of the biggest problems is how the view of people has changed in the US over time. An issue such as anti-war was considered to be on the left but now its considered on the right. With the way media has subverted people's mind and they are also calling to strip away our rights. You mentioned guns above but at the direction we are going, it is going to be illegal for any of us citizens to have guns. I honestly think certain states should have their own laws. For example, someone in a more rural area would have to worry about the boars and a gun is needed. While someone in the city might not require a gun.

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What you are describing is in the air I believe. There is a lot of dissent out there. The question is how does it get resolved. We are not likely to see a peaceful outcome considering how polarized things are. This means that we are confronted by the threat of violence.

When people had enough, they tend to react in some forceful ways. This is magnified when there are large numbers of people who fall into this category.

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Hello bro,
Your support for the previous HiveBuzz proposal has been of much help but it has expired when we left year 2020.
Do you mind renewing your vote for our proposal so we can continue to gamify the platform and keep users motivated?
https://peakd.com/me/proposals/147

Have a Happy New Year ✨🥂✨

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I just recently did a presentation on how decentralization through blockchain has the ability to fill the trust gap. Indeed, centralized power and everything going through middlemen are one of the most important factors why centralization has a trust issue.
Once everyone understands that we can move to another level of humanity, just like how the global connectivity of the internet moved us from the previous one.

Have a great decentralized new year!

!WINE

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It will take a while. Changing the minds of people is the toughest thing in the world.

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I think the shift will come with newer generations who each have a better understanding of technology than the previous ones.

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Indeed cryptocurrencies and blockchains offering decentralization are having practical applications settling governance. Hopefully this will be a bridge we'll all be able to cross and put more results in the elections from some corrupt countries or simply bring more trust in this process. Beside this they model the way companies themselves are governed so they have a wider applicability than somebody can imagine.

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A different form of corruption takes place on blockchain but at least it is one we can overtly see albeit difficult to stop. With our present system, not even sure who the worst crook is.

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There is big trouble looking on the horizon and the media has failed everyone. What happened to publishing and broadcasting the truth as somewhere it has totally been lost. Corruption is everywhere and obvious to the ones who have lived with it for most of their lives. When a new policy is announced in South Africa you always ask who is benefitting and how which normally takes a few minutes and is really obvious. Things are so bad these days they don't want to educate the masses as they can manipulate them far easier with no brain.
Places like Hive need to flourish and will stagnate if things don't change on here as well at some point. Too many are already reaping the rewards which is a negative right now and what I discussed in my post this evening.

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Sadly it is rapidly becoming the same all over. You are right, we need a different system. Hive truly does need to flourish in a big way.

That is one of the reason I spend time doing what I can on here. It is up to all of us to carry the mantle until others show up.

Without coding skills, I am limited in that regard but I can cheerlead.

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The title of this post (as well as its content) is perfect and totally in line with our reality.

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Dear @taskmaster4450, I really enjoyed reading your post, it's food for thought and certainly, you have a point. I think it would be even better when you can add the sources of what you are saying, for example, I would like to understand how you came to this conclusion:

The fact that it was not even looked into by the supposed "purveyors of truth" is what is most concerning

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