Good morning here
This is the best topic I have seen here so far.
There is always a solution for everything.
Is there any solution of centralizing a decentralized organization in other to take control of illegal activities in crypto world?
The solution to this question will pave a way for the cryptocurrency new world in coming generation though it will also have a great disadvantage.
The activities that is illegal that is done by crypto resist the legalization of cryptocurrency but the crypto world is so powerful that it's overshadowing the Fiat currency and other form of money but it's still like an obstacle.
There is a way out
The way out is that there should be creation of another system entirely that is centralized but not like banks in collections of huge transaction fee but in verification and attachment of your cryptocurrency wallet to your identity.
So if there is a illegal transaction, though the transaction won't be stopped but the xender and the receiver would be known.
It's been a while for me being in this community #pobstreet.
Centralizing a decentralized organization is not a good idea though it's possible to centralizing a decentralized organization in other to take control of illegal activities in crypto world and that's a good advantage.
Solving and reducing fraud but increasing being cheated by the third-party system like how our money is being controlled and used in banks anytime they want.
The concept of blockchain that is a cryptocurrency being decentralized is the reason why cryptocurrency is influential and the reason why cryptocurrency will rule the world
So let's cryptocurrency world be decentralized as it is because that's why cryptocurrency is amazing because of its decentralization
Yes the value of cryptocurrency is it's decentralized form
There is always a way out for everything and there is always a solution to every problem.
Creating a world exchange sites for cryptocurrency with real identity like binance will centralised and decentralized organization.
There are sometimes that binance do have control of your wallet and can seize your withdrawal at anytime they want that's the disadvantage of centralised Organization with third party.
The only thing that can be done to avoid fraud in this decentralized platform pob community is that there should be real identity attached verified to every wallet as @iyiade said.
I love that idea it's a great one.
Attachment of real identity to a wallet does not mean it's centralised or does not mean they have control over any people's asset, do they won't be able to stop anyone transaction or take out of the person asset or take charges do you let in the just have to do is just attached identity so anyone who want to open a crypto wallet we'll have to open it with his real identity and that will not stop him from opening multiple wallet but his identity must just be attached to it and his phone number details and so on.
That can be done by creating another system and attach it to the block chain.
#topic
What type of content do you not want to see in proofofbrain community or what type of content do you hate to see in proofofbrain community
You are right
Creating another body add attachment to the blockchain technology will do that better.
It will make a cryptocurrency decentralized with full of security without being centralised and if an illegal transaction take place it won't be stopped but it will be traced to the person who Transact illegally or for illegal business
Cryptocurrency decentralization is a useful tools of we getting back the power stole from us and giving us our right and privacy to do what we want and not to be monitored and controlled over your asset.
I don't really think there is a solution to centralizing a decentralized organization and that's because a decentralized organization is already decentralized and can't be controlled by other people anymore except you signed it yourself.
There is now a new internet technology blockchain based that is a decentralized form of internet activities were hive and pob is built on that is WEB3.
Web3 is gradually taking over web2 and the difference is WEB3 is decentralized while WEB2 is centralized.
So decentralization will take over the world activities sooner or later so there is no reason for centralizing a decentralized organization
#topic
What's the do you have to say about web2 and web3 technology
That a good response, I agree with it. And I too think that's a viable option without compromising anonymity and sense of freedom in cryptocurrencies. !PIZZA
Yes, proper checks and balances can help to avoid any kind of fraud. There should be no intervention of the government though, the entire concept of the crypto would fade away if the governments start to intervene.
Great solution from you