Both centralized money and decentralized money have its own advantages and disadvantages. Centralized money is being controlled by some few which leads to overproduction or overprinting of fiat money. Decentralized money is good but the problem is that whenever there are problems that needs to be solved their is a need for a consensus that sometimes caused conflicts between the community and in the end will result to a split.
While there is no doubt that decentralized currencies have the huge disadvantage that you need consensus, at the same time that is a protection that means that no centralized party can try to impose his views about what it should be done with the currency because that means they'll be impossible to print too much of it or to change the protocol in something people do not want. 
Topic: centralize money vs. decetralized money (bitcoin) - page 7. (Read 1618 times)
centralized money like banks system are controlled by regulations and governments.
but bitcoin and cryptocurrencies are decentralized system, no centralized system can control it.
i think decentralized system have more advantages and freedom.
but bitcoin and cryptocurrencies are decentralized system, no centralized system can control it.
i think decentralized system have more advantages and freedom.
Both centralized money and decentralized money have its own advantages and disadvantages. Centralized money is being controlled by some few which leads to overproduction or overprinting of fiat money. Decentralized money is good but the problem is that whenever there are problems that needs to be solved their is a need for a consensus that sometimes caused conflicts between the community and in the end will result to a split.
If I were to answer that question I would definitely say that decentralized currency is the best form of currency at the current moment because of the high convenience as well as the economic benefits it could offer to the world economy, but it does not mean that centralized currency will be set aside, in fact decentralized currency cannot replaced the centralized money since we have a government.
I would choose decentralized money or bitcoin ,
I think it is much more better than the centralized money I think we all want some freedom and I think it is a way to be free from the government.
I think it is much more better than the centralized money I think we all want some freedom and I think it is a way to be free from the government.
if you look at the bank system now, that is centralized. The database must be high availability, cannot be down even a few secs.
but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.
Before the introduction of the crypto currencies, this world was least aware of the concept of the decentralized nature of the money and all they knew was there is only one type of money and that is centralized money. However, things have changed very much now and that this world is really experiencing a very positive change and that by the introduction of the decentralized money, things have started getting better. but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.
Centralized money is good for state economics, it would be impossible to have tax policy and control businesses without centralized system. Decentralized system has certainly its advantages, but it makes easy to commit some crimes.
Centralized money is the money that we are using today. Everything that you can see can be bought using cash but, this type of money is taxable and when you transact with others like this one, you need an intervention like banks, contracts. Decentralized money can be operated without any intervention using peer-to-peer network connection where in you can transact with others overseas without any intervention.
Centralized money is good for state economics, it would be impossible to have tax policy and control businesses without centralized system. Decentralized system has certainly its advantages, but it makes easy to commit some crimes.
Both centralized and decentralized networks currently exist in popular platforms. Centralized platforms certainly have their time and place, especially for watching all activity on a network. Blockchain, and decentralized (peer-to-peer) networks are poised to become the biggest thing since sliced bread. In addition to affecting large companies, it’s a great tool for the individual. Blockchain is for everybody!
if you look at the bank system now, that is centralized. The database must be high availability, cannot be down even a few secs.
but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.
but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.
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?
Of course financial advisors still advice to put your money in a bank or in stocks or something like that, do you want to know why? The reason is simple if you didn't they will have to look for another job and they will not be able to earn a fortune by telling people common sense advice, if you invest in bitcoin or in other cryptocurrencies you can earn in a year what they earn in a lifetime.Sounds interesting when we know we can gain an income in one year that they only can gain it for lifetime working.
Thats what people want from bitcoin so thats why many people interest and try to join bitcoin. Its include me.
In decentralized architecture there are multiple advantages over centrally governed currencies.
1. Fast and secure transactions
2. Low transaction fees
3. Security is inbuilt with Blockchain architecture
4. Redundancy is available
5. Anonymity can be achieved if anyone want
1. Fast and secure transactions
2. Low transaction fees
3. Security is inbuilt with Blockchain architecture
4. Redundancy is available
5. Anonymity can be achieved if anyone want
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?
You know what I think? I think people like you should stop making fiat and cryptos look like enemies together with the people who support them. The reason why is absolutely simple, it is because for people that use fiat alone, they only need fiat, but for us crypto people, we need both. But none of us are either wrong or right with what we choose to use. Because both fiat and cryptos have their own share of pros and cons. And if people are wise enough to see, they will not look at fiat and cryptos as enemies and want the other to disappear. Just think about it.
Centralization is the concentration of control of an activity or organization under a single authority. Decentralization is,the movement of departments of a large organization away from a single administrative center to other locations. Essentially, if something is centralized, there’s a single point that does all of the work involved in any given action. On the flip side, if something is decentralized, there are multiple points that do the work.
The currency is centralized and controlled, managed. Bitcoin is not, it is decentralized, unmanaged, all have the right to own and control it.
The difference between decentralized vs. Centralized money is centralized “the concentration of control of an activity or organization under a single authority.” while decentralized is the movement of departments of a large organization away from a single administrative center to other locations.”
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?
Financial analyst would suggest not to invest your money in decentralized currencies because you will have an idea later on that you do not need them anymore because you will earn good income so they would lose an income too. If they suggest to put your money in the bank or in traditional investment vehicle like stocks and mutual funds then you will earn after a few years which means you will need their services for a few years and they would earn more income. There are still so many people who think that this is scam because those bankers are spreading negative information and people believe in banks.
Centralized money have ruled the world for a decade and it is outdated now. Each and everything needs a change and centralized money also needs a change at this time.
Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
Yes, decentralized money are the fiat money that every society uses today and it is full of regulation by the central bank as the central control, unlike bitcoin that are decentralized therefore there is no central control and all its transaction is mostly anonymous. There is a feasibility that crypto currency will be the future or the new form of money on the new era as our world continue marching for acquiring advance technology that will change humanity's life style. Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
Centralized money have ruled the world for a decade and it is outdated now. Each and everything needs a change and centralized money also needs a change at this time.
Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
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?
Both have different advantage and disadvantages but i will prefer the use of centralized money because it is safer than decentralized. Centralized money has a control where it can lasts in a very long time while decentralized money is risky , the price varies on how the demand is high and so the supply and it is not backed by physical valuables like gold. Jump to: