centralize money vs. decetralized money (bitcoin) - page 3.

CarTrick

newbie

Activity: 34

Merit: 0

Quote from: Marial Carter on November 06, 2018, 07:44:27 AM

bitcoin is not a virtual currency but a digital money, many people are afraid of bitcoin because of its volatility

But certainly bitcoin has the potential to become a virtual currency. That fact that it can be used in exchange for goods and services (plus we already have ATMS for it), shows that it’s possible, don’t you think?

Thomson-Winter

newbie

Activity: 32

Merit: 0

Many financial experts often recommend that you deposit money into a bank or buy a stock, because it is probably safer than investing in bitcoins.

Pyr3x

full member

Activity: 602

Merit: 100

I still make a choice in the direction of decentralized money. It has more advantages and prospects in comparison with national money. And the most important thing now is the possibility of profitable investment. You can not get more profit from a Bank Deposit than if you make an investment in bitcoin.

tiktak89

member

Activity: 364

Merit: 10

Each system of centralized and decentralized money has a number of advantages and disadvantages. For daily cash transactions is now more profitable to use Fiat. And if you want to invest money profitably, then it is better to choose cryptocurrencies. They will bring you profit much faster.

Udrujec

member

Activity: 308

Merit: 12

The centralized currency is a more outdated system. And investing in cryptocurrencies is now much more profitable than savings in a Bank account. So if you are still choosing where to invest, then make preference in the direction of bitcoin.

Rahar02

hero member

Activity: 910

Merit: 523

centralize money = biggest fraud in the world but most people don't get it, the value of fiat money decreased over time.
decentralized money = better than fiat currency obviously, there are several shortages though, especially in terms of acceptance and massive adoption.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

It's different things because you are talking about investment and fiat so you can't compare bitcoin as fiat.

If you talk about investment aspect, I'm prefer saving bitcoin over fiat because fiat's interest can't compete with my inflation rate.
But if you talk about daily transaction, fiat still my favorite because using crypto as daily transaction have the risk for example when bitcoin decrease 10% in 1 day !

Marial Carter

newbie

Activity: 32

Merit: 0

bitcoin is not a virtual currency but a digital money, many people are afraid of bitcoin because of its volatility

Tetutu

newbie

Activity: 75

Merit: 0

Quote from: tensports on September 30, 2018, 01:51:13 AM

Decentralized money offers freedom and secured access to your funds you can control and holding the coin of yours but in centralized system someone is controlling your funds so you need to decide which one is best.

Centralization is a centralized financial system such as fiat money, where regulation by the central bank is binding and does not follow the rules is considered illegal. Decentralization is an open financial system, it means that all transaction data is on multiple servers that are interrelated, so that they cannot be engineered and misused

VanityWallets2015

hero member

Activity: 1498

Merit: 506

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?

We all know this that bitcoin is decentralised crypto currency in almost all part of the world and there are very few countries like South Korea, japan, Florida,Kenya who has legalised the bitcoin in their nation after getting its real fate and potential of bitcoin and on the other hand we have our Fiat currency system which is the most accepted and the centralised form of currency and moreover the bitcoin is considered as superior to these centralised currencies and I think there is no battle between centralised and decentralised crypto currency because in the end bitcoin is the winner.

Meandros555

newbie

Activity: 85

Merit: 0

what does decentralised and centralised REALLY mean..(dont give that ledger stuff)..
how and why does decentralised give you more freedom..
how is btc or other altcoins not manipulated! we have seen many examples lately already.
how is it more fair..pump and dumping is rampant and advertised openly by some!
i think most of us (as am I) interested in crypto due to its huge volatility and potential to make a huge profit from the price increase of a coin (it could have been called shares of a company rather than crypto).
whats more in the future when we get tired of the difficulty in using crypto and all the hacks and ease with which we lose /misplace coins, and the huge cuts that exchanges take..we will all be crying for centralisation and some form of regulation..(we've already seen blocks been turned back in time..whatever u call it) so lets relax on the freedom, fair and "decentralisation" talk.
how can an open ledger be a good thing when theres no privacy! thats another story..

cybernetik7

sr. member

Activity: 560

Merit: 250

People purely has right to make their own desicions about their assets without asking for permission. Financial freedom is very imortant for people. Also, as a course of its nature, centralized system is more expensive than a decentralized money system.

Babyrica0226

sr. member

Activity: 854

Merit: 252

In our times now, all traditional business we have in this world whether it is private sectors or government agencies are being categorize in centralized business or belong to regulated business industry, while Decentralized which is Bitcoin or crypto's are not control by any of the government in each country. So, for 9 years of decentralization of its existence many of the community here became successful in terms of financials aspects from financial broke going to financial freedom.

calebwa

newbie

Activity: 29

Merit: 0

Decentralized money makes you free from current financial system with all its control and possible frauds. There is no authority that will tell you what to do with Bitcoin. The only thing people afraid of concerning crypto is high volatility.

stiffbud

hero member

Activity: 980

Merit: 500

Centralize money are those currency which are under control of any kind of authority or government where as the decentralised currency like bitcoin are doesn't under control of any kind of authority or government. centralize are regulated currency so they are less volatile in nature where as decentralised currency are not so much regulated because of this irregularities produce in their production and distribution and because of this they are volatile in nature. Centralize currency user pay tax to their government and decentralised user does not pay tax to their government.

ameliana

full member

Activity: 887

Merit: 100

Centralization of Fiat is still something that is still convenient because it is connected with accountability to the state, various transaction problems can be handled quickly, but it does require more costs. whereas decentralization requires time to educate people around the world through draft regulations that are still very unlikely to be implemented. When we think about security and feeling comfortable, bitcoin is still extreme for ordinary people.

bitfocus

member

Activity: 532

Merit: 15

any financial adviser will advice you to go with fiat and banking, I would do same unless you are heavy into crypto.

peacefulpeace

jr. member

Activity: 224

Merit: 2

the both form of money are both very fine, one cannot uphold one over another, they are both suitable in their time, i mean 10 to 15 years back, before we started talking crypto currency, the centralized form of money was the known and acceptable form then, but now that everyone is talking cashless, then the centralized form of money can best fit in into this time.

airdnasxela

sr. member

Activity: 728

Merit: 254

Well to differentiate the two, centralized money obviously is more regulated that is why it is not that volatile in terms of value and can be monitored compared to decentralized (well in the first place that is how cryptocurrency coin was programmed). The good thing about cryptocurrencies obviously is it has a store value and it can be used as a business venture by trading compare to the centralized which is just a form of monetary thing. Centralized money degrades physically unlike cryptocoin that is digital that cannot be degraded.

Ezenwanyi

copper member

Activity: 336

Merit: 1

The thing is I seem to like both centralized money and decentralized money.
The fact that I can get to buy stuffs, shop with centralized gives centralized money an edge over decentralized money.
There are so many factors that seems to make the public chose centralized money over decentralized money,one of which is convenience.

Topic: centralize money vs. decetralized money (bitcoin) - page 3. (Read 1618 times)