centralize money vs. decetralized money (bitcoin)

ziyaaa

member

Activity: 532

Merit: 18

Quote from: popping on March 20, 2018, 09:03:20 PM

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

And this debate about the differences between centralized and decentralized money will go on until we completely stop using fiat and start using digital currencies fully.

Both of them have advantages and disadvantages. Some people say that fiat is better because it isn't volatile and it is also a physical money. They don't trust a digital currency because it seems so different. Some people think digital currencies are better as they are in your control totally and no government can interfere with it and track what you do.

But in the end, it is obvious that governments will create their own digital currencies (but centralized ones of course) and fiat will be history.

Grafen

newbie

Activity: 28

Merit: 7

Centralized fiat rules.

+Stable, fast and reliable.
+Low fees.
+Simple withdrawals.
+Physical cash

Jaered

jr. member

Activity: 840

Merit: 4

Each type of money has its cons and pros. You can't always have it all. Decentralization has its advantages. Though some people don't trust it

mbe48

full member

Activity: 994

Merit: 105

Both of them still have advantages and disadvantages. moreover, it has the same but dissimilar uses. I think if both are used as investments, it is clear that bitcoin is more profitable. But it cannot be ascertained, that the high price will get the big advantage. Judging from the price, significant ups and downs are fraught with risks. Bitcoin is also not everyone knows it, it still needs a thorough introduction

robertjack

jr. member

Activity: 36

Merit: 1

Quote from: popping on March 20, 2018, 09:03:20 PM

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

In a centralised crypto exchange, the third party that operates the exchange retains the majority of power over your account. On the other side, with a decentralised exchange, you maintain full control over your account.

best123

jr. member

Activity: 644

Merit: 1

https://blockmembers.io/

I prefer decentralized to centralized. Though, the risk in decentralized money is higher than centralized because in decentralized you can loose all your assets while it can't happen in centralized.
I have some pre-sales I invested in that never entered any exchange.
It is a choice, some are making good money decentralized while some are also making theirs in centralized.

KeezAZA

full member

Activity: 224

Merit: 100

https://eloncity.io

Bitcoin is not truly decentralized we can hope for that but even monero got only 80 % decentralization

Alert31

member

Activity: 1041

Merit: 25

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: popping on March 20, 2018, 09:03:20 PM

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

They arguing now because there are thing to be argue unlike before that only centralized money exist. Until now centralized money is still the best because despite of having a decentralized money ,we can't deny that there is still the fact that we need the fiat or centralized money for our everyday living. Not all people knows about bitcoin and cryptocurrency, they don't even know how to use it and what is the significance of it in our modern world. Not all people know how to use a new technology on which they can access the bitcoin or cryptocurrency. Decentralized money still not accepted anywhere and you can't buy goods and services anywhere using it. There are so many things to settle first before the total adoption of decentralized money. For now ,let us invest and enjoy the profits that we can get through decentralized currency.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: KeezAZA on September 28, 2020, 02:11:06 AM

bitcoin is not decentralized money comparing with other cryptocurrencies

not anonymous yes but but decentralized ? Sorry but I can't agree to that . btc was termed to be a decentralized currency , expert them selves also said that . So who do you think tells the truth ?

Quote

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

That's simple , people don't argue on the past because there is no other form of payments . No btc on the past so they think centralized is the best but now that there are now currencies like btc , decentralization was born and people start to realized that its better . In terms of vulnerability both can be hacked but in terms of investment well hell decentralized ftw

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Centralized Money

Centralized Money function under an authority and the authority has the right to print money on necessary fulfilling the procedures.
Centraliszed money get the digital form, and these can be used on instant transactions.
Centralized Money can be reversed, if fund transfer is made out of some mistake.

Decentralized Money

Decentralized Money has go limited supply, upon which the chance of an inflation out of decentralized money is very low.
Helpful in instant large volume transaction with very minimal transaction fee compared to the traditional currency.
Every transaction with decentralized money function on one way system, because it doesn't have the access the reverse the funds.

KeezAZA

full member

Activity: 224

Merit: 100

https://eloncity.io

Quote from: popping on March 20, 2018, 09:03:20 PM

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

bitcoin is not decentralized money comparing with other cryptocurrencies

BuNga_cute

full member

Activity: 1736

Merit: 116

A never-ending debate regarding centralized money vs. decentralized money, there will always be pros and cons. I suggest more
using Bitcoin as decentralized money, compared to paper money. Because Bitcoin is very profitable for investment when compared
investment in the bank, even though the risk is greater by investing in Bitcoin. But it is proportional to the profit we will make.
In situation Pandemic like now is more recommended using Bitcoin to conduct financial transactions, because bitcoin transactions are
digital. So it prevents the spread of corona virus.

Wenbing

member

Activity: 532

Merit: 36

There is gold in volatility..

Quote from: popping on March 20, 2018, 09:03:20 PM

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

The problem Satoshi Nakamoto saw with fiat currency is the putting of TRUST in the hands of the central authority and they often compromise this trust by way of money devaluation. Crypto invention has come to remove that trust from central authority. so, your money cant be tampered with by any central authority when its bitcoin. I feel this is while decentralised should be superior to centralised.

The cure

jr. member

Activity: 448

Merit: 4

Decentralized money is good because you can grow it quickly by investing, unlike to centralized money if you deposit it in the bank your interest maybe range only from 1-2 per percent per year. But the good thing for centralized money is it's easy to carry wherever you are you can always use it and you don't even need internet connection or gadgets to make transactions.

bitcoinst

hero member

Activity: 1708

Merit: 651

SmartFi - EARN, LEND & TRADE

Many financial analysts are simply obliged to push you to invest money in the bank, otherwise they will lose their jobs and will be left without customers.

You say that cryptocurrency is virtual money, but how much real money are real money for you? Which in most cases are not backed up by anything, and are able to print without stopping, which reduces their value.

Axelseseclevz

jr. member

Activity: 313

Merit: 1

Quote from: semobo on March 21, 2018, 12:57:08 AM

For me decentralized money is the best that is why it got bery popular in less time period less than 10 years of invention.And you can use it as you want but it has pros and cons so it is beased on the who are using it.

But Decentralize money are so volatile and not yet accepted in all countries. Also it always need an internet to access your account and make transaction. Although decentralize is good but so far centralize money is more useful because it was issued by the government at you can use it anywhere, anytime.

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

I think both centralize and decentralize money are the best but the argument must be all about the usage,the system and the value of it. If we look on centralize money,it is more safe than decentralize because it was tangible and we can keep it in bank for security since it was issued by the government through banks. Its value is stable and everyone can use it with no hassle even a child or an old person. Decentralize is also better because you have a full freedom unto it and there is no single authority who control it,only you.The problem is the adoption and the volatility of it that's why not all people are using it.

Emmychris

jr. member

Activity: 170

Merit: 1

Decentralized money is much better than centralized money, in decentralized money we have full control of our money and we can send it to anyone at any time but in centralized money we are limited to have full control of our money, and also in decentralized money we earn with no stress, while centralized we have to labour or stress to make the money.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Oyarebu on June 25, 2020, 10:26:36 AM

Centralize money come with oppressors and dictators while the decentralize money come with freedom and full control. There is a distinct difference between the two types of money and for those who cares about their freedom should embrace the decentralize financial system than the centralize system. With Bitcoin, you are in control, have the authority needed for your accounts and authorization immediate.

While this is true, there are also those disadvantages.

Since this is a decentralized community, people are not really protected with the scams and hacks that are happening. A lot of people are getting hacked and getting scammed but they can't really tell it to someone for those hackers and scammers to get back his money or maybe get them to jail. I am not against decentralization but people should be aware of those too. Though if you know what you are doing and you can take care of your wallet, secure it. I guess there are no problems about that at all.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: popping on March 20, 2018, 09:03:20 PM

many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ?

The decentralized money is regarded as an asset and not as a real money. No financial advisor will tell you to invest all your money in decentralized money (Bitcoin), and moreover I don’t think that you yourself would be ready to do that, so stop saying what you can’t do, or if you were advised to invest and store all your money in Bitcoin, will you do that? When you already know that it is volatile and you can wake up with more than 50% of the money you invested gone. I know for sure that you’re not going to try it. So, you keep a bigger amount of money that can sustain you in your bank, and invest in bitcoins a small percentage which should be affordable on the event of any unexpected losses.

Quote from: ChiBitCTy on June 25, 2020, 10:09:43 AM

Cryptocurrency is a means of payment as well as a speculative investment. One should have their retirement on track with a proper portfolio made up of financial instruments, as well as have several months of rent/utilities etc on hand inside of their bank account.

Bitcoin is speculative investment opportunity due to its intrinsic characteristics and real world usage; being a payment system is one of real world application to get it more demand. No centralized money offers such opportunity to gain big ROI and this is the reason we are preferring it to use/save over our traditional fiats.

Topic: centralize money vs. decetralized money (bitcoin) (Read 1618 times)