Topic: centralize money vs. decetralized money (bitcoin) - page 8. (Read 1618 times)
Nether you like it or not we are now on a high technology world, in this world cryptocurrency is a decentralized platform of money suites in this world because this money solve and break the money barrier of the world because you can purchase anything wherever you go in this world and you can bring it anywhere without bother to anyone and the decentralized money controlled by you. and I think it is the most advantage in many ways and better than centralized money.
Centralize is what most of the population use and trust. Change takes time and sure decentralized money will be the future.
For me it takes time to understand as example i am a social volunteer and run some welfare organizations and i know how hard it is to accept donations in real world. Theres a layer of layers entities from where the donations passes. ie. the one who collect take there cut then it goes to banks which is controlled by governments then the local organizations every one just making there cut and forward the remaining on ground work.
As a decentralized money it comes directly without any government or large organisations.
Centralized money is more safety because they are people who are administrating transactions.
Decentralized money is definitely more appealing than the centralized banking systems, the Banks tend to lend out your money and charge high interest rates for it making a kill,while only giving you a small portion as interest, decentralized money on the other hand can rapidly gain value over a short period of time and earn good returns.its also not controlled by any one making its operation simpler.
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?
I think not as you think. too complicated and twisted. in essence, in the case of bitcoin. you do not have to bother thinking about fiat or traditional money. Essentially, everyone is currently looking for the benefits that can be gained from bitcoin. whether it be trade, mining or investment. basically bitcoin is created to cope financially as the banks do not. and now bitcoin has evolved not just the virtual currency, but rather the very valuable asset.
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?
Most of the arguments are skewed towards whether advantages and disadvantages between centralized and decentralized platforms. Between government controlled and individually controlled systems and may be away form corruption as opposed to centralized.
Decentralized platform offers freedom of access to your account and a lot of options for its security.
However, it is highly volatile and so many are discouraged. but still, if you are wise enough you can gain from it.
Decentralize Currency is for you if you like to have your financial freedom. Centralize currency means always being tagged a watched.
investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
So this rant is basically about interest rates, and how it's nothing compared to Bitcoin's growth? Investing isn't the correct word to use in this context either, especially because we're talking about currency.
Banks are meant to keep your money, not grow it; interest rates are just there to encourage you to keep your money there and soften the impact of inflation somewhat. Bitcoin on the other hand is just currency, which people are using for investments because of its tendency to grow explosively. If your sole concern is profits, then Bitcoin is far better, though it also comes with the risk of you losing money to wild price swings. This has nothing to do with centralization of money or lack thereof.
Either way, both models have their strengths and neither is perfect. It just boils down to which risks you're willing to take or forego. It's not so black and white that you can declare one better over the other because of one or two aspects. It's mostly a matter of preference.
Both have their cons and pros, regarding the decentralised money you will be having full control on your money, your digital currency can't get freeze like banks use to freeze suspected accounts. No need 3rd party interference for your money transaction and this decentralized system is giving freedom to the financial system to anyone. For example, there are many countries in the world consider rural areas who don't have access to banking system or can't afford the high fees implemented by banks, for these people adopting decentralized system is best. But one more thing if you lose your digital currency you can't claim to anyone for reverse transaction or funds lost due to revealing your PK by mistake.
Let's come to centralized system i.e. banks, they have control on your transactions if hacking takes place on their servers or ATM and your money is stolen then banks will reimburse you for your lose unlike in decentralized as there is no authority controlling decentralized system.
People must adopt any means of financial service as per their needs.
And obviously financial analyst will advise you to put money in banks, don't they want to make profits from our money?
Let's come to centralized system i.e. banks, they have control on your transactions if hacking takes place on their servers or ATM and your money is stolen then banks will reimburse you for your lose unlike in decentralized as there is no authority controlling decentralized system.
People must adopt any means of financial service as per their needs.
And obviously financial analyst will advise you to put money in banks, don't they want to make profits from our money?
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.
Absolutely decentralised money bringing a opportunity for you to use your currency as your wish! and you don't need to any explanation for your digital money related activities. also you can gain more profit from digital money if it's value rising then present.
In as much as decentralized money offers freedom and secured access to your funds it's highly volatile because there is no central control of its inflation like centralized money and so you could go from a million to a zero within a short period of time.
A Crypto currency can still be built on a decentralized network and still be centralized. Take all these Blockchain based technologies that are being developed. They will store the "Blockchain" in a decentralized manner for more security, but it will be privately managed by a centralized authority.
The distinction should be made between "private" and "public" decentralization of the network. These "private" decentralized technologies are the biggest threat, because their decisions are not based on the consensus of the public, but rather the decision of a centralized authority.
The Bank that owns this decentralized network makes all the decisions and implement them by pushing the new changes to all of their privately owned "nodes"
The distinction should be made between "private" and "public" decentralization of the network. These "private" decentralized technologies are the biggest threat, because their decisions are not based on the consensus of the public, but rather the decision of a centralized authority.
The Bank that owns this decentralized network makes all the decisions and implement them by pushing the new changes to all of their privately owned "nodes"
Absolutely decentralised money bringing a opportunity for you to use your currency as your wish! and you don't need to any explanation for your digital money related activities. also you can gain more profit from digital money if it's value rising then present.
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.
Decentralized digital money has a number of undeniable advantages. However, as we see, due to the large volatility of the crypto currency, it is rather difficult to use as a means of payment. For this reason, it can not be used as the main means of payment. In addition, since the crypto currency is not provided and is not regulated by the central body, its increase in price, since it is formed exclusively on the basis of the supply-demand ratio,
clearly shows the nature of it as a financial bubble. In order to preserve the dignity of the crypto currency and eliminate its risks, this decentralized crypto currency should, in my opinion, be moderately regulated by the states.
clearly shows the nature of it as a financial bubble. In order to preserve the dignity of the crypto currency and eliminate its risks, this decentralized crypto currency should, in my opinion, be moderately regulated by the states.
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?
i find this hard to believe LOL.
financial advisers, advise you to invest your money in real businesses to first gain a better profit and also at the same time help the economy by having your money in real things not have it sleeping in banks for a tiny profit.
investing in a bank is good for saving, that is why it is called "savings account" and it is a guaranteed profit so it has a very low risk compared to anything else.
Decentralised currency seems to be much better than centralised currency.Here in decentralised currency,we are free to use it without being monitored by any authorities and not having any limits to send and withdraw.Also,currencies like bitcoin are free from deflation due to their limited supply unlike USD printed infinitely.Also,decentralised currencies could not be devalued by governments like what Indian government did by demonitising high value notes thus shattering the trust of normal people.That's why,people have started to see decentralised currencies as a safe haven.
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 any system, a decentralized system is always the best we can see how Amazon, airbnb and Alibaba as gone so far
both of them exist and they don't have to contradict each other. they can both live side by side and each satisfy a different kind of need.
the centralized money is limited to one country, it is tied to its economy for example and it is in the control of the government.
bitcoin as the decentralized currency is global and it is not affected by local laws or economy, etc. and this "nobody controls it" feature is a very good one.
the centralized money is limited to one country, it is tied to its economy for example and it is in the control of the government.
bitcoin as the decentralized currency is global and it is not affected by local laws or economy, etc. and this "nobody controls it" feature is a very good one.
Decentralized ftw! Centralized money is causing way too many security problems. To ensure the safety of then ational gold reserves, there is Fort Knox, which way more expensive than ensuring the safety of a decentralized money system. That's why we're all here. In Crypto We Believe.
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