Do you trust the system?
That’s a question asked in many different contexts, but it always comes back to one thing: freedom.
Freedom is supposed to be your birthright. It’s non-negotiable. It should never be taken for granted. Yet, nowadays, we’re seeing the word ‘freedom’ being up for debate. The ability for someone to make choices and live how they want should never be taken away from them. But because of the centralized systems put in place, freedom of choice has become at risk.
Your data is your own property. But it’s become the new oil. And it’s being sold by many for their own use without your consent. Centralized systems are using our information without giving back an ounce.
People are starting to become more aware of the drawbacks of these centralized systems. These systems have been in place for a long time. However, in today’s society, we want transparency, freedom of choice, control of our data, and privacy – things decentralized systems can provide us with that centralized ones cannot.
Let’s see how centralized and decentralized systems compare…
Centralized vs Decentralized Systems
From a definition standpoint, centralization is the concentration of management and decision-making power at the top, or center. On the other hand, decentralization is the transfer of decision-making power and the assignment of accountability and responsibility among everyone.
There is a long history of centralization in all aspects of human society, from the days when kings and queens ruled over their subjects to modern times. One example we see today is social media where one entity has control over what content or information you see–they can decide whether or not it’s accessible for everyone on this platform (a problem known as ” censorship”).
Power resides almost exclusively within an elite few atop.
Many used to argue that these centralized systems offer more security than decentralized ones. But even that is debatable. The rise in data theft is an example of how lacking control of your data poses serious concerns. Theft is not only happening on centralized systems that use your personal information, but also when hackers obtain it through hacking vulnerable systems that are championed as cyber-attack proof.
But what if there was an alternative? What if we could use a system that had no one person or group dictating how it should work? And you had complete control over your data?
A decentralized system provides just that.
You can be in complete control of your data in decentralized systems. Since no single party owns the entire network and there’s no centralized point for hackers or governments to target with their attacks, it becomes much easier to protect yourself from those who would misuse personal information by hacking into databases/servers storing said info. This makes it so censorship doesn’t exist because each person decides for themselves what to share and when to share it.
With no government or other central company controlling them, decentralized systems promote freedom, eliminate censorship, give you access to data and privacy, and aren’t influenced by political leanings or social status. Decentralized platforms do not discriminate against any individual. Decentralization also means transparency through open source and democracy through decentralized governance systems.
Bitcoin is the epitome of decentralization. It’s open-source, public, and no central authority owns it. Everyone can take part in it and use it as a form of payment. And your private keys are never stored anywhere. They’re yours. If you lose them, they’re lost forever.
3Speak as a Textbook Example
Understanding decentralization is fundamental for appreciating blockchain. Blockchain technology has emerged as a new and exciting way to store data. It provides a new way to coordinate economic activity in the absence of central authority and offers an opportunity to decentralize centralized systems.
3Speak is a new way to create, share, and monetize content. It’s a platform where content creators transfer their gatekeeping power to the blockchain. Content Creators own their onsite assets and communities. Any creator’s intellectual property becomes intrinsic to its user base as it should be–owned by those who created them. This also makes sure their hard work remains with them no matter where or how someone may use these technologies in future apps.
The idea behind this revolutionary system doesn’t stop there: apart from being able to own their digital assets, Content Creators can be rewarded in Hive tokens and receive donations in a proprietary Speak token. Additionally, they can create their own native tokens to back their communities without having to worry about being shunned if they speak their minds (as long as it’s not illegal or promoting violence).
This type of decentralized system has many benefits, such as eliminating censorship and giving Creators more freedom in their choices and complete ownership and control of their data.
“Freedom is realizing you have a choice.” – T. F. Hodge
Freedom of choice and censorship are two concepts that people have been debating for centuries. And it makes sense because freedom is power. But with great power comes great responsibility.
Centralization means you must trust one entity. And when you trust your freedom with those who must be responsible for it, they gain power. And if we can learn one thing from history it’s that those with power often refuse to give it up.
So the question remains…do you trust the system?