[buran77]

> Decentralization (I have in mind something like Hyperliquid or even BTC) ensures that everybody in the world have access to the same economy without intermediaries asking for a fee. Which means, a person in Indian can access to income the same way a person in the US would.

And do they? In practice? The theory is always sweet, but in practice once you take away "crime" and "hold to sell high" you'll be hard pressed to see too many, or widespread instances of usefulness. You don't make society better by just building a taller peak for a few if at the same time you're digging even deeper troughs for the many.

> Or you could do a transfer overseas with less fees or regulation problems.

Every time someone gets swindled out of their "deregulated, decentralized" money, every time someone loses a finger for their million dollar wallet, you have one more voice asking a centralized organization for protection, maybe with some regulation.

You handwave away all the obvious problems, even though technology or time won't solve any of them. Without protection most people will be screwed out of their belongings. Ask that person in India if they're eager to "access to income the same way a person in the US would" (whatever that means) if this means there's no recourse when they lose the money.

[dgrr19]

> And do they? In practice? The theory is always sweet

Yes, they have access to the same economy.

> you have one more voice asking a centralized organization for protection, maybe with some regulation

I don't want regulation, thanks. Just have backups or smth. Only looking for governments to not ban it in order to allow users to convert their BTCs to fiat currency. But that is already kinda in place, because old school investors are asking for it.

> Ask that person in India if they're eager to "access to income the same way a person in the US would" (whatever that means)

It means that they can also earn a 100K salary in USD, thus not being affected by inflation

[bigbadfeline]

> "Every time someone gets swindled out of their "deregulated, decentralized" money ... you have one more voice asking a centralized organization for protection, maybe with some regulation."

Regulation is key, quality decentralized finance can only happen with quality regulation. Ditto for plain old centralized banking. My question is, why we don't have anything of reasonable quality?

That lack is the reason fraudsters can peddle their fraud-coins and bait people with bombastic arguments like "the value of decentralization". Crime is decentralized, does that make it good?

>>(by grr19) everybody in the world have access to the same economy without intermediaries asking for a fee.

There is a fee, quite high in fact, and energy cost.

[dgrr19]

> There is a fee, quite high in fact, and energy cost.

Depends on the L1 that you use. If you think of BTC, yeah, fee could be high (not if you are sending 1M), if you think of a proof-of-stake L1 then not much. Also depends on the TPS. Again; thinking about Hyperliquid.

[lostmsu]

Some do, in practice.