sometimes I sit and ask myself if decentralization is ever going to be possible in the crypto industry based on its imposing cons:
Governments are against it: It's no more news that sovereign governments worldwide are kicking against decentralization because of the way it can undermine her powers and give them less control over financial activities of her citizens. Every government yearns to always be in control.
Fraudulent Activities: Decentralization in crypto so far is like a magnet that has attracted a lot of fraudulent worms to itself. Could it be because it's still at its nascent stage or what? People are hiding under decentralization to commit a lot of financial crimes these days.
Terrorism: Terrorists now hid under the wraps of Decentralization to conceal their financial activities and this is not looking good for the world security.
With the above reasons and many other ones, it looks like the cons of Decentralization outweighs the pros in the crypto industry.
Ultimately, I don't want to be a pessimist, maybe there's a way decentralization will work in crypto industry while all the above problems go away.
