Topic: DECENTRALIZED OR CENTRALIZED? - page 10. (Read 3906 times)

Yes, bitcoin is basically a currency with decentralized system. If you want centralized, you should use bank system.
About removing barricades, i dont think that will works. Centralized just make bitcoin more easy to be monopolized.

As the technology develop , The World is shrinking. So from now on centralizedis nor important because it is disapperaing

I am more confident in the decentralization system. Why.? because I have read some references about the system of centralization and decentralization. and it turns out the main problem is on a third party. they pose many problems especially on control and transaction costs. some people want Bitcoin to have rules. and I believe they don't read the concept of bitcoin. (without the middle man). so Bitcoin will not be able for rule.

Yes, I also prefer decentralized that centralized, also this is what most of investors and traders out there. But it still depends on us what we really prefer to choose to use.

For detailing the future and great opportunities ! Soon blockchain will take over the world and allow to eradicate corruption and fraud !

I think most crypto users would be in the favour of decentralisation as this is one of the key factors that makes crypto so important and a must have into our society.

Yes sir! While there's no perfect system in this world, we as humans are responsible for making good use of our money whenever it is. Sometimes, because of greed, we tend to ruin the whole purpose of a system, making it centralized in the long run. Ripple is a good example of this, since it started with good beginnings, but now it is extremely centralized by its own company. It's just like the internet where it started as a decentralized system, but then it turned out to become centralized due to corporate interests from big companies such as Google, Facebook, and Amazon.

While Bitcoin is still decentralized, there could exist a high possibility to become centralized in the future, because of human greed. We've seen many times how the Chinese sector has most control over Bitcoin's mining hashrate, which is only a result of greed as they develop new miners that defeat the purpose of ASIC resistance (like it has been done with ZEC, ETH, and more). As such, if Bitcoin continues to be dominated by China, then it'll present a huge risk towards its longevity, since it can be disrupted at will. Some say that 100% decentralization is practically impossible and a myth, since there is always a certain level of centralization in any system. Bitcoin operates the same way, where mining pools have centralized the mining process, making the cryptocurrency a semi-decentralized one, rather than a fully decentralized one.

All in all, I wish that Bitcoin would remain as decentralized as possible, as I think that it'll lead it towards future success. The reason why it's still demanded and used by anyone around the world, it's because of its decentralization. And if that is taken away from the original cryptocurrency, then the whole ecosystem would be doomed.

for me, decentralized must be better. because it will not be controlled by anyone

I think is pure centralization, what happens with bitcoin I think is purely from the market, and now all the users are enthusiastic about making bitcoin prices skyrocket and I'm sure the end of the year could reach $ 40k.

Decentralized network surely has a lot of advantages over centralized ones. They provide transparency in the network by granting access of the database to each member which minimizes the chances of manipulation with the records.

A centralized system is good such that there is always a management that oversees things. However there are concerns about bitcoin controlled because some freedom as investors might be taken away like when too much taxation can be imposed. Similar to exchanges for cryptocurrencies where the investors or coin buyer may not have the right to question their pricing values as a result it will be hard for you to really gain some profit.

Numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure. for being decentralized of bitcoin a huge of people is definitely reach their goals and perspective in life in a short period of time even the people who is in the young age for now they already become successful in their life because the benefits and opportunities that bitcoin decentralizing system that it has.

I would not say a centralized system is much better than decentralized system. I believe both of them have its own advantages and disadvantages. The real problem lies not on the currency and the system but rather on the people who are using and operating such systems. Humans are greedy and it is the main source of problem and whatever system we may choose as long as human nature does not change for good then both centralized and decentralized system will encounter problems on the way.

Bitcoin is decentralized and it is always decentralized. Decentralization is  the only that keep bitcoin alive. If it is centralized, It may disappear

bitcoin is already there and it is decentralized, at the moment what the states can do is control exchangers, but neither as private transactions

It is best for bitcoin to still have its decentralized characteristic. Every country has their own authority, so it is best for bitcoin to stay the same. Bitcoin will be not much helpful if it becomes centralized.

No, making bitcoin centralized won't bring any good things. Bitcoin should be stay on decentralized so no one can govern and monopolized bitcoin.
from my perspective, there has never existing a decentralized digital currency before cryptocurrency, so it will be better to stay decentralized.

If Bitcoin goes by the rules and focus, then the encryption market will not be the same. Classification is one of the main selling points of bitcoin and is the biggest reason why people go crazy about it. People say that concentrating bitcoins can destroy barricades and walls that will cause the collapse.

Hopefully the mining issues can be resolved. The most unique feature of Bitcoin is decentralized and nobody knows about its transactions. If Bitcoin goes by the rules and focus, then the encryption market will not be the same.

In my opinion, If bitcoin will being centralized In the future, I think It will be the beginning that bitcoin destroyed gradually. Coz, government can able to manipulate It because the anonymity will be gone.