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Topic: Bitcoin become centralized with Lightning Network ? (Read 347 times)

member
Activity: 560
Merit: 11
Decentralized bitcoin systems cannot be changed by anything, I think if bitcoin is centralized, then bitcoin will be easily controlled.

Lightning network only helps the transaction process, become faster and costs become cheaper. I think every time lightning networks always innovate.
member
Activity: 994
Merit: 11
Daxetoken.net
Hi,

I hear a lot of comments claiming that this last days, is that right ?

If yes, can you provide more infos ?

Thank you

    Don't be fall on fake news. Do some reasearch before believing for a certain news which is not reliable. Bitcoin can't be centralize as easy as you think. A lot of factor to consider and it need a lot of time for the government to think and plan.
jr. member
Activity: 112
Merit: 1
No. Bitcoin will not become a centralized currency after the introduction of Lightning Network. Read more about how this system works and you will understand everything.
jr. member
Activity: 73
Merit: 1
No it's not. After the introduction of Lightning Network technology in Bitcoin, It will not become centralized. So you don't have to worry. It will be.
jr. member
Activity: 112
Merit: 1
The Intelligent Retail Currency
Clearly, it will help BTC. This will give a new impetus to the growth of prices, because such external events affect the fate of the crypto currency.
newbie
Activity: 134
Merit: 0
Lightning Network is a network supported by various nodes in many different countries of the world, which confirms the rule of decentralization and every day the number of master nodes only increases, therefore bitcoin will not become centralized.
newbie
Activity: 122
Merit: 0
I doubt it very much. Even if something like this happens (which in my opinion is almost impossible), bitcoin will lose the sense of its existence. Seriously, it will just not be necessary. The advantage of bitcoin over ordinary money was precisely that it possesses the property of decentralization. Hence it is not clear who bitcoin will be needed in this form
jr. member
Activity: 114
Merit: 1
Yes, certainly. I believe that the introduction of this payment Protocol will really make Bitcoin centralized.
jr. member
Activity: 107
Merit: 1
It won't. I generally doubt that Lightning Network will be 100% working network. And the idea of decentralization of cryptocurrencies will be lost.
newbie
Activity: 89
Merit: 0
No. This contradicts the principles of the technology on which the cryptocurrency works, and the principles of the crypto currency itself as a decentralized payment and investment unit.
newbie
Activity: 68
Merit: 0
I think that's not true news. Bitcoin is a system of cryptocurrency and payment systems around the world, This is the first decentralized digital currency, Bitcoin will last long.
newbie
Activity: 27
Merit: 0
It does not mean that we will have a "centralized" blockchain like many are saying. It still shows how the case on LN for ALL coins
newbie
Activity: 110
Merit: 0
No, maybe you were given false information or you all misunderstood. After the introduction of the Lightning Network, bitcoin will remain decentralized. Could you publish a link to an article about this?
newbie
Activity: 22
Merit: 0
Bitcoins are always in the hands of giants, they own a lot of Bitcoins, and they control the market the way they want, they will try to limit Bitcoin's decentralisation and make it more focused. This will make it easy for them to control the trend.
[I agree, "giants" really control the market.]
full member
Activity: 770
Merit: 100
it is a news that is not found source, and can not be accountable.
bitcoin will not be decentralized if it happens then there will be price manipulation on bitcoi.
full member
Activity: 504
Merit: 100
It is not easy to end the bitcoin, and I believe that bitcoin has a lifespan that will endure unlimited, and bitcoin will be the currency of the future.
full member
Activity: 593
Merit: 100
BBOD The Best Derivatives Exchange
Bitcoins are always in the hands of giants, they own a lot of Bitcoins, and they control the market the way they want, they will try to limit Bitcoin's decentralisation and make it more focused. This will make it easy for them to control the trend.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
what you are saying doesn't even make sense! lets ignore all the discussions about Lightning Network and how it is decentralized for a moment. LN is something that is going to work on top of bitcoin, it is called a second layer, how can something that is a secondary layer centralized the underlying and main layer which is bitcoin itself?
legendary
Activity: 4466
Merit: 3391
the requirement of a counterparty (co-signer) = no longer independant
(imagine difference between having your own bank account vs a joint bank account with your wife) = independance lost

its not peer2peer, its middle-men managed
...

You are exaggerating.
Your descriptions are misleading.
Your analogies are not accurate.

Nobody knows how the LN will organize itself, so you don't know if if will be more or less centralized than Bitcoin itself. In fact, that is the real problem -- LN is the de facto scaling solution for Bitcoin, but nobody knows how it will turn out.
newbie
Activity: 107
Merit: 0
Everyone, thank's for all this informations.

 Wink
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