Yes, i think there are negatives to decentralization as much as there are negatives to centralisation as well, the reason why people are clamouring for decentralization it's because decentralization support singular initiative it promotes agendas and idea and also gives opportunity to people all communities to be able to develop their own initiative and run it themselves, the system of government we practice these days are definitely decentralized it is not just the blockchain all the new initiatives that are being born these days, i think decentralization started with the system of government practised by most countries I was later extended to businesses as well then blockchain development too.
One of the disadvantages of decentralization is that there may be no law and order since there is no single central authority that can curtail the excesses of people , curtail their contents their manner of speech , their control over other people basically decentralization allows for class that is they will be the rich the average and the poor and why the rich keep getting richer the poor may keep getting poorer that is there will be uniformed development, people will act out of place in a decentralized platform because everybody has a say and everyone determines the progress of a decentralised system.
Basically decentralization do not allow for censorship that is there's no limit for the whines and caprices of people, even if I do agree that decentralization brings initiative I definitely think too much initiative and too much business prospect of freedom can cause anarchy in the long run I mean anarchy in the way the rich will control the actions of the poor since there is lose or no government that controls at the top. I think the benefits of decentralization however outweighs the negativity in my opinion so I will definitely take the negativity is that comes with it because in the long run I think some lasting solution might be procured
The number one downside is higher cost. Decentralization of databases means that they have to be replicated on multiple nodes. That's obviously more costly than running a single central database. That, by the way, is the main reason why Steem only contains text and no binary files.
Another one is the difficulty or removing clearly illegal or downright dangerous content. In a blockchain, removing such content would require a hardfork. Of course, that something is in the blockchain doesn't mean it's readily accessible by anyone. But all Steem witnesses or any other stakeholders could do to about that kind of content short of a hard fork would be to demonetize it by downvoting it. Even if centralized websites providing access to the blockchain filtered that kind of content, anyone could build a desktop tool to access that content without any kind of filtering.
I guess one of the biggest negatives is that governments will gradually lose control on all aspects of society. I am not sure what would be the way the society runs if one day, the government stops working. I don't think that would happen. I had theorize it.
Decentralization at the moment has some problems. First, many people still can't accept it as many grow up in a centralize world. My dad still doesn't really belive in atm machines. He always thinks that the money inside the bank would be stolen. I guess it takes a lot more time and maybe a decade to have this technology understood by the masses. Even my friends don't understand this technology well.
Criminal organizations usually find a way to use a legitimate front-end to transfer and buy things using bit coins or other cryptos and it would be harder to track. There isn't many experts in this field yet who can build software that is able to track these transactions.
As a citizen, what if one day the government hired skill programmers to built a blockchain monitor to monitor everything about everyone in the country? It would be scary isn't it. Imagine if the government is able to look at every single transaction.
There are however still many positive sides of decentralization but those highlighted are just some. The world now is getting smaller and smaller because of the connectivity created by the internet.
There's a big risk behind decentralization and human as we are, we do evil things.
The fact that we are in our own "flesh" is a mere manifestation that decentralization has its cost. That's why I am thankful that government is taking proper actions behind regulating cryptocurrencies to govern. Why? Because some people abuse and take advantage of the system.
for example, a certain cryptocurrency called "Monero" is offering privacy for its users. Users cannot track where and where the funds are going because they are encrypted. This creates an opportunity to illegal activities like drugs, gambling, corruption, and anything you think about.
I am all in for decentralization provided that they are properly regulated.
No finite decision, even for the best, could ever be arrived quickly because the decision making is decentralized. It happens in the Steem blockchain and it happens on any cryptocurrency out there. There's no central policing force because of the label so it all has to be community effort. The problem is that you can't get a decent community when majority of the members are in it for the money, fame, and have no idea what to build value for the blockchain. This is decentralization's benefits at work. Each one can decide for themselves but even that part has it's own limitations. Like how much SP you have to make big names listen to you.
In reality, I think there are negatives to decentralization as much as there are negatives to centralisation too, the inspiration driving why people are clamoring for decentralization this is in light of the fact that decentralization reinforce singular action it progresses designs and thought and besides offers opportunity to people all systems to have the ability to develop their own drive and run it themselves, the plan of government we practice these days are absolutely decentralized it isn't just the blockchain all the new exercises that are being brought into the world these days, I think decentralization started with the course of action of government cleaned by most countries I was later connected with associations likewise then blockchain enhancement too.
One of the hindrances of decentralization is that there may be no harmony since there is no single central master that can decrease the plenitudes of people , lessen their substance their method for talk , their order over different people basically decentralization mulls over class that is they will be the rich the ordinary and destitute individuals and why the rich keep getting more luxurious the poor may keep getting poorer that is there will be formally dressed enhancement, people will carry on of place in a decentralized stage since everybody has a say and everyone chooses the progression of a decentralized system.
Basically decentralization don't contemplate confinement that is there's no limitation for the yowls and tendencies of people, paying little mind to whether I do agree that decentralization brings movement I certainly think unnecessarily action and a considerable measure of business prospect of chance can cause disturbance as time goes on I mean issue in the way in which the rich will control the exercises of the poor since there is lose or no assembly that controls at the best. I think the benefits of decentralization in any case surpasses the skepticism as I might want to think so I will take the hostility is that goes with it in light of the fact that as time goes on I figure some persisting game plan might be gained.