Who said control isn't fair?
I know what you are thinking? Am I kicking against decentralization? Maybe you've been missing a link when trying to define what it really means. In a world that technology continues to defy odds, the need to leverage what it brings to the table is very necessary. How do you define control? Should there be control? And how should it be controlled?
Let's take for instance, ten investors came together to do business. They raised funds and gave it out to only a single investor to run the business. They depend on the information he brings to the table whether true or false. The chances of them going bankrupt here are high, why?, there is no transparency and accurate data. Should in the end the business turns out bankrupt, what would you say caused the fault? Simple, there was no control. But one of them was watching over the entire business and sending reports to the remaining, was that not control?
So it boils down to what's control? In a few words I would say 'everyone being involved'. We know what would have played out should in case that business was ten eyes (or actually 20 eyes because each has two). Better decision, quick response to red flags, proper revenue channeling and fair reward allocation. It does not only benefit investors but also saves the lifespan of the business. humans are full of unfair characteristics so when talking about control as regard to a certain people exerting and monitoring the entire system, expect flaws. Control is fair and when it comes to humans it's when everyone is involved.
source
We need control (everyone needs to be involved) in economics development, resources, rules, and many several sectors. I've always talk about what the future holds for humans' continuous disorganization, we are heading towards doom. The economy is becoming harsher than before, wars are bringing even more uncertainties, how do we blend, if we don't have access to control. wealth and resources flocking one direction is an advanced slavery in a modern world. We have seen what technology can do and what even advancement in it has to offer. What improvement do we need than adopts what serves better; what everyone can have access to better.
With the introduction of currency, there has been a shift in human mentally. goods exchanged for paper notes or digital fiat. This is where the advancement all began. We saw the limitation as I said, control (but not a proper one), Local banks transactions and operation move within confined Circle . Look at a lot of platforms when it comes to businesses, the limitations when it comes to service or product access. Social medias have not been favorable too when it comes share of revenue. They created the platforms no doubts but them and the Internet gatekeepers seem to pocket just too much.
As I said, who said control isn't fair. We have seen a better control emergence via blockchain tech. cryptocurrency, decentralized apps and web3 have been a control system worth adopted. The difference here is the pattern in which control is presented; 'no one person or entity has control', it's open source and transparent and that's why I call it fair control. How do you love when you have proper access to your online presence, that's how it"s supposed to be. The most important aspect to chanel this tech into is in the financial sector. I have always said, for the medium and low class to move out of poverty, they'll need a level of control. How do you raise capital if you don't have control.
source
intermediary powers is a limitation, terms and conditions are always very harsh ( if you are lucky enough to get attention). The different is the case in blockchain. We've seen DeFi bring a glimpse of botherless investing. There is access to get funds from pools with affordable criteria. Small businesses and entrepreneurs will rise because of this opportunity. I love talking about blockchain benefit to entrepreneur because I am one and yes, it no mere talks, those who understand what's coming will take business off limited grounds. This is the control we need, access to resources, access to investors, access to opportunity and the simplest of platforms.
decentralization is control for all, a technological model that has brought us to light. There is much to benefit if we properly utilize the control that has been brought to the general table. Maybe you've never faced the limitation of getting loans from a bank or using them as a means of foreign transactions. In the name of security, you'll face inconveniences. Web2 platforms don't waste time in banning or kicking you out when you don't comply. You taught you had an account? Actually it wasn't yours, 'play by their(platform owners) rules or you'll be ruled out'. That's the power of control and blockchain is helping reshape this statement; more to 'play by our rules(users and community members) rules or you'll be ignored. Is this not control? And is it not also fair?
To conclude, let me add, we need control and blockchain tech has offered a more satisfying one. Nothing is wrong with control when all hands have access to the deck. Information, finance, resources, social media and the rest alike will seem more trustworthy when access is granted for all, or is there any thing behind the scene you wouldn't want everyone to know. Funny to say but it's mostly illegal things that we fear to bring to light. What are you takes about blockchain, decentralization and the fair contol it bring? Do well to join in the conversation.
Posted Using InLeo Alpha
Love this post. You know when I was a Projects manager it was project controls that were vital to the success of any project. We would have nine knowledge areas of project management. Keeping on top of those were vital. Of course you have the usual costs and budget, but one area is communications...
Social media of course falls into that category. Without effective communication projects are doomed, look at Hive and inleo, how do we communicate to the outside word, actually fluff how do those projects communicate to users inside Hive! not every well if you ask me!
I guess facts should not be denied that work still needs to be done within the hive ecosystem. Nevertheless, we should not overlook the achievement thus far even though to some its feels little.
The idea of decentralization is to promote fair control and you know this ain't gonna be an easy fight 😎 . hope you love my slangs 😀 . Thanks for stopping by
The legacy chain was created 8 years ago, Hive four years ago, these are old timers in the crytoverse...
I love your slangs!
In few words friend, what do you think hive needs right now to leave 'old timers' position?. It's always good to share ideas