Hey Everyone, I hope you are all fine and doing great. Hey Everyone, I hope you are all fine and doing great. This Post is my entry to Weekly Featured Content in the #Hivelearners community. Today's topic to write about is Decentralised Or Centralised.
The topic for today is very interesting and I always wanted to write about it. If someone had asked me this question 3 to 4 years ago, my clear-cut answer would be centralization.
I would have chosen Banks over wallets Because from our childhood, our parents and the people around us, also advertisements kept on telling us that banks are the safest place, You can keep your money in the bank and it will be safe from theft etc.
For the same reason 3 years ago, I opened my bank account in Allied Bank ( One of the Bank In Pakistan ). At that time, I wasn't working/earning, they asked me about my income source, they demanded my ID card, and they demanded some certificates, which I don't think were necessary. there was nothing I could do because I wanted to open my bank account.
when I told them I don't have any income source, they straightforwardly said that they can't open my bank account. Luckily there was a known person ( He was the friend of my friend ). We talked to him and told him all about the situation. He helped us and opened my account by declaring me a farmer. It was a rough experience but in the end, my bank account got opened and I was happy.
For the last 3 years, I have been connected with decentralized platforms like Hive, Meta mask and others. There is a clear difference between these decentralized platforms and centralized platforms.
On centralized platforms like banks, they control your money. there was an incident that happens to me a few years ago when I needed to withdraw some amount from my account urgently, I went to ATM and withdraw some amount for the first time, When the second time, I was about to withdraw money, It was almost midnight. I got a call from the bank. the manager of the bank asked that you can't withdraw the amount of money at this time. You need to come to the bank in the morning.
What the hell man? how they can call me at night and ask me if I can't withdraw money at the moment? Come on man, it's my money and I trusted you and kept money in your bank? how you could stop me from withdrawing my money? What I will do with the money if I could not use it at the right time?
After this experience, I stopped keeping my money in the bank. It doesn't mean I'm not using banks anymore. I am using them but I'm using them for a very small purpose.
Now all my money is stored in the form of tokens on decentralized wallets. on these platforms I can control, I can do whatever with my money.
No one is here to stop me or suggest to me what I need to do or what I don't need to do. From now on, I would always prefer a Decentralized platform over a centralized platform.
For me money is useless, if it can't help me in my time of need.
I have never seen any decentralized platform like Hive in my life. I do remember the fight against Justin Sun. We as a community won that fight and now are far better than steemit and showing the true meaning of decentralization.
I think banks need to give complete control to their users who are saving their hard-earned money in their banks. They should not need any permission to withdraw their money and also there should not be any limit of withdrawal.
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