Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

I would say yes, but the problem is when it comes to trust with who controls it. Because the digital currency isn't really real like actual money. If there was a more safe way then we could try.

Yes, this sounds great, but cannot be manipulated by any group or person, and cannot replace physical cash.

Hate that inflation has gone up only because money was legit printed with the stimulus checks for example.

I lack the understanding to forecast how a change of this magnitude would effect our incredibly complex economy.

Yes, there should be a decentralized alternative but the private companies should remain as the primary system

Put it on block chain i want to see how my taxes are spent. Otherwise we the people shouldn’t have to pay.

Not immediately, but I would strongly approve of research and testing for the development of such a viable decentralized currency.

I dont fully understand the idea of decentralizing the technology of our financial protocol. I'm guessing that doing this would change things like social security which would cause some issues I think in this country. Because I dont fully understand this concept though Im not going to be taking a stance.

No, the internet is already controlled by a few large corporations so why would a decentralized protocol be any different?

Why are we here? | Erik Voorhees Keynote | Permissionless Conference

Erik Voorhees' keynote speech that kicked off Permissionless II on 09.11.23 in Austin, TX

I don't understand the concept of a decentralized financial system

There should be a 3 party watch system over global networks, to have checks and balances. Currently the internet is overseen by one organization, and has the power to censor or stop anything that deem to.

Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services however I don't understand decentralized finance too well.

I don't think we could ever truly stop this system from being abused. It creates different problems from the ones we have now, but there are still problems.

Not too familiar

I don't have enough information to determine

Not a clue.

I have no opinion of this problem.

No, but there should be no manipulation by any person, group, or government agency that has current control of the financial system.

I need to research this first