Topic: Centralized and decenterlized what is best for Crypto market....??? (Read 154 times)
Decentralized crypto market has enormous advantage. It prevents fraud and eliminates middleman thereby creating a peer to peer transaction.Moreover the transactions which are made can move faster thereby leading to faster decisions.The information is stored in the form of data which cannot be changed by any means.
June 03, 2018, 11:33:35 AM
That our government is taking a good interest in bitcoin currencies now because they know what benefits they earn from crypto currency each year, if new countries like Japan and South Korea will receive bitcoin, it will be more established and stronger than ever , we can take part in the centralization of the lucky bitcoin are those who skimp the bitcoin, because it is passed will mean good news for the seller, I can not imagine what price would be.
June 03, 2018, 11:04:06 AM
centralized and decentralized market both have their own advantages and disadvantages.
for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.
Yes I agree that this have both advantages and disadvantages. Cryptocurrency today is categorize as decentralised which is a government doesn't have any control to the crypto world meaning to say crypto is free from government rules and regulations but prone to cyberspace cre like hacking. But at the moment I'm enjoying my profit without any taxes from government. for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.
June 03, 2018, 10:56:08 AM
The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.
I think, its better for the crypto's in the crypto market tk be decentralized rather being centralized. I also think that it is better for bitcoin to be approved and be legalized in whole world but being decentralized. Because I think being volatile of bitcoin and other cryptocurrency can make them easily identify and that is unique about bitcoin and other cryptocurrency. Anyway it is only my opinion and I think it will be better for the crypto money.
June 03, 2018, 10:48:24 AM
Certainly government will adopt bitcoin someday but they surely impose some laws over it, I think cryptocurrency is meant to be in centralization process thats why its a unique system of cash. But under govt. regulation there is also advantage like mor people will embrace the crypto world.
June 03, 2018, 10:41:15 AM
If the government approved bitcoin to be a legal currency, it would have a very positive impact on BTC, a country that would have a large number of new investors to enter the market immediately.
June 03, 2018, 10:40:51 AM
Decentralized is owned and controlled by the participants so there is no central corporation that has custody of customer deposits. The control of the money is always in the hands of the users since the network uses a P2P network architecture. Transactions occur between peers in the network by means of smart contracts which can only be controlled using the private keys of the participants. Users control their private keys as well as their funds at all times in a decentralized exchange.
Descentralized is assigned to crypto market no one manipulate it is safe.
June 03, 2018, 10:39:51 AM
In my opinion, the cryptocurrency MUST be decentralized. Otherwise, what is the sense to deal with it? Bitcoin was invented to let people feel free from the banks' control and make fast transactions.
Cryptos are already decentralized and i think it is better if they can work this way because we can freely earn an income without limits due to the effects of volatility. We dont also pay for the taxes and other charges because we dont hold by governments and banks.
Although centralized can only be beneficial to merchants because they can now experience stable price for their items or services that they sell if they will use bitcoin as payment method.
June 03, 2018, 10:34:52 AM
will certainly greatly affect the BTC, it will increase investors because they feel safe, and the value of bitcoin will continue to increase.
June 03, 2018, 10:31:28 AM
In my opinion, the cryptocurrency MUST be decentralized. Otherwise, what is the sense to deal with it? Bitcoin was invented to let people feel free from the banks' control and make fast transactions.
May 20, 2018, 10:46:26 AM
i believed centralized or decentralized market, both of them are good for cryptocurrency market.
centralized exchange have some advantages over decentralized exchange. and vice versa.
so, both of them are ok i think.
centralized exchange have some advantages over decentralized exchange. and vice versa.
so, both of them are ok i think.
May 20, 2018, 07:52:30 AM
Bitcoin will surely rally when acceptance by governments of countries begin to happen. Government approval as well as Regulation will give more investors confidence to invest in bitcoins and that would push Bitcoin to new ATH
The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.
May 20, 2018, 04:20:32 AM
Decentralized is owned and controlled by the participants so there is no central corporation that has custody of customer deposits. The control of the money is always in the hands of the users since the network uses a P2P network architecture. Transactions occur between peers in the network by means of smart contracts which can only be controlled using the private keys of the participants. Users control their private keys as well as their funds at all times in a decentralized exchange.
Descentralized is assigned to crypto market no one manipulate it is safe.
April 29, 2018, 03:25:27 AM
centralized and decentralized market both have their own advantages and disadvantages.
for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.
for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.
April 29, 2018, 02:22:34 AM
The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.
your title and your comment are not the same as each other! unless you are mistaking government approval with being centralized... because they are not the same. for example you can see what Japan, Germany and a couple of other countries did. they have already adopted bitcoin as a legal method of payment aka a legal currency and that didn't centralize anything instead it increased the adoption of bitcoin by a large number of people including merchants and also led to a huge price rise.
April 28, 2018, 11:44:43 AM
The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.
The only way is to centralization so that the massive adoption would be much easier,without it the governments wont allow cryptocurrencies to be adopted by the people or the citizens,because that is going to be the end of the taxes,which the government is using to fund their people,to get projects and to get the national budget. April 28, 2018, 11:34:07 AM
Decentralized is owned and controlled by the participants so there is no central corporation that has custody of customer deposits. The control of the money is always in the hands of the users since the network uses a P2P network architecture. Transactions occur between peers in the network by means of smart contracts which can only be controlled using the private keys of the participants. Users control their private keys as well as their funds at all times in a decentralized exchange.
April 01, 2018, 11:11:41 AM
of course decentralized is the best because no one controls your money, tokens, or bitcoins, and no one can ever find out your transactions, because no one can access your transactions and of course your account itself, dont ever choose centralized wallet
April 01, 2018, 11:06:04 AM
The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.
Of course, the effect would be drastic, if bitcoin will be worldwidely accepted, the demand would increase, and we will see that the market will reach unimaginable spike on bitcoin price, lucky are those who hodl bitcoin, being it legalized would mean good news for the sellers, i cant imagine how much will the price be.
April 01, 2018, 10:54:52 AM
A government approving bitcoin is not akin to it becoming centralized. Any major government coming out right now and making a bold positive statement about bitcoin would be very good for the price and could snap us out of the bear market that we are in.
It is the reality that our government is taking good interest about bitcoin currency now as they get to know what benefits they are getting from crypto currency every year, if new countries like Japan and the South Korea will accept bitcoin then, it will be more established and more stronger than before, we can take part in bitcoin centralization by helping our government or we can make posts about it, to force our government to give us our right in crypto currency, but I think bitcoin is an independent currency it is decentralized for now. Jump to: