Cryptocurrency should be keep decentralized. If crypto become centralized, there is no different with digital money controlled by central banks. Cryptocurrency offering new monetary system and i think crypto is much better if decentralized
I like the Bitcoin to keep continue its services in conditions it is, we do not need to change its nature. Decentralization is good for us and now it is up to us to keep our positions secure here for we have upcoming great opportunity of making profit so why we waste our time in complications. Listen it is okay in its own conditions and we do not need any controlling center, centralization may bring sudden changes which is not accepted to users.
Topic: Centralized or Decentralized for cryptocurrencies? - page 3. (Read 2313 times)
Cryptocurrency is famous for its decentalization, i don't think it should be centralized someday. If yes, it will soon be destroyed because it threat fiat currency
The reason why people like the decentralized currency is because of the full control they enjoy over their assets. This is very important for them to make decisions according to their own thinking. Government rather is a bit tough on the other side with interest in its own interest and imposing regulation that has reduced the demand for the cryptocurrency immensely. I of course believe in the decentralization but the economy does not flourish with this and that is the reason why the economy is passing through a bad time
It is no suprise to us when people hear of news about a president bumping up the value of their currency to "stave" the market when in fact this is just gross fraud in the part of the country. Decentralization prevents that from happening and investors will see how a country really is performing financially and protect their interest.
I think to be safer and more comfortable you can use centralized exchange because I think that using the decentralized method is very vulnerable at times to hacking.
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
Ofcourse the majority of us are into decentralization,because this is the way we can be safe from third party interference and because of this we become free and enjoying the situation
But we know that the war against governments and cryptocurrency will only end if we become centralized,so they can have the proper income they might get from people,.but this is a long argumentnd I believe wont be answered in just a short time
If bitcoin is approved by the government as a means of payment, it's very good, but on the other hand we don't want to be controlled by the government because it will only create restrictions from the government. The original nature of bitcoin is decentralization, stand alone!
Indeed, that's the beauty of the system of decentralization of bitcoin. Here in my place all bitcoin users are free to do whatever they want it to do with their bitcoin balance to their balance. Then, Bitcoin was also design to store of value as well and sending money where it is one of the features of bitcoin either.
being centralized do also have some benifts and advantages like for example if cryptos are centralized and under the control of government , we can now minimize the frauds and other illegal activities because they are now being monitored just like what we currently have on fiats .
we can also expect a stability of the price and if that happend , many stores will now partner with cryptos . the tax that will charged to us , will also go on some project developments on our country . thats only few of the benefits that i can think of .
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
For sure, people will go into decentralization that a part away from the government. But the government on the other part will be securing the centralization for the reason that they want to put certain regulations binding cryptocurrency, the people and its government that is said to unite those three avoiding conflicts that can be a negative result of crypto usage that is a good point on the other hand. 1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
1st: Centralised Currency
2nd: Decentralised Cryptocurrency
There is not centralised cryptocurrency i think that also the currencies which has some of the relations with the government are centralised currencies like the national fiat currency you use.
There is a lot of difference between currency and cryptocurrency.
Understand the difference and you will get your answers.
Cryptocurrency should be keep decentralized. If crypto become centralized, there is no different with digital money controlled by central banks. Cryptocurrency offering new monetary system and i think crypto is much better if decentralized
cryptocurrency is indeed despised by decentralization, this is indeed opposite of current bank syntax. new cryptocurrency innovations that provide a lot of advantages, and it seems that it must remain like that
Cryptocurrency should be keep decentralized. If crypto become centralized, there is no different with digital money controlled by central banks. Cryptocurrency offering new monetary system and i think crypto is much better if decentralized
If bitcoin is approved by the government as a means of payment, it's very good, but on the other hand we don't want to be controlled by the government because it will only create restrictions from the government. The original nature of bitcoin is decentralization, stand alone!
Indeed, that's the beauty of the system of decentralization of bitcoin. Here in my place all bitcoin users are free to do whatever they want it to do with their bitcoin balance to their balance. Then, Bitcoin was also design to store of value as well and sending money where it is one of the features of bitcoin either.
Due to the decentralized nature of cryptocurrencies make the government to not adopt or support the crypto as means of payment because they are afraid that people may use it for money laundering or other illegal activities which might threaten their country & their economy as they aren't able to track the movement of cryptocurrencies. If they adopt it they will make sure to take necessary steps like they might demand from every exchange to provide the details of every users who are registered on their platform and involved in cryptocurrencies transaction by requiring them to take KYC as mandatory.
More data for failing to fully achieve decentralization, since large investors would not otherwise come to the market.
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
Well the good thing about Bitcoin being decentralized is that people can make transactions without relying to any third party like banks and government. They can easily do things on their own but this also means that they can do illegal things using Bitcoin. When no one monitors the transactions, there are lot of chances that Bitcoin can/will be used in doing illegal activities which can be controlled somehow by government if ever they put some regulations to Bitcoin. 1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
If bitcoin is approved by the government as a means of payment, it's very good, but on the other hand we don't want to be controlled by the government because it will only create restrictions from the government. The original nature of bitcoin is decentralization, stand alone!
Indeed, that's the beauty of the system of decentralization of bitcoin. Here in my place all bitcoin users are free to do whatever they want it to do with their bitcoin balance to their balance. Then, Bitcoin was also design to store of value as well and sending money where it is one of the features of bitcoin either.
Well there are good positive and negative sides of it of course. As it is, without any government regulations, it's essily a favorable outlet for illegal activities. We all want bitcoin nd crypto to be decentralized but certain rules would have to be implimented to make sure it survives.
It is clear that people will choose decentralized for cryptocurrencies because of it decentralization and it can not be controlled by anyone or any group.
Yes. Centralization brings about control and over the years, people have been able to find out that this is one part of the puzzle that has made things difficult for the general public themselves. Secondly, this should not be something we should even be debating about, because the idea in the first place was to take out the third party and let people have the freedom to spend and do whatever they want with their funds without having to rely on the government or some bank when you are doing your transactions, this way, third party being removed is always one step ahead for better way of doing things, and that is something I believe no one will ever not want to choose over being controlled. If bitcoin is approved by the government as a means of payment, it's very good, but on the other hand we don't want to be controlled by the government because it will only create restrictions from the government. The original nature of bitcoin is decentralization, stand alone!
Indeed, that's the beauty of the system of decentralization of bitcoin. Here in my place all bitcoin users are free to do whatever they want it to do with their bitcoin balance to their balance. Then, Bitcoin was also design to store of value as well and sending money where it is one of the features of bitcoin either.
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
I don't see any use in a centralized cryptocurrency, I have no idea why anyone would want to partake in a centralized crypto.
You are already partaking in a centralized currency which is fiat, why would you want to invest in a digital fiat?
Governments are established to serve it's people not the other way around. Bitcoin has served as a great tool for store of value and money transfer so if the governments stood against Bitcoin they clearly want to just have total control on citizen. I believe Bitcoin will eventually succeed over every fiat currency it is just the matter of time and people's awareness of Bitcoin.
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
Whether or not the government approve Bitcoin as a legal tender it does not matter because of the fact that Bitcoin is a decentralized asset. It's just that they will regulate exchanges to counter the so called money laundering thing and also Bitcoin used in any illegal activities. But even though they has strong implementation of law against Bitcoin or cryptos I don't think they can control it totally. 1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
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