Topic: DECENTRALIZED OR CENTRALIZED? - page 13. (Read 3906 times)
I believe that it is necessary to centralize bitcoins, so that through it do not washed money and do not buy prohibited substances or items. If it is centralized, then a lot of people will believe in it and really start to break the walls of distrust.
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
I think that bitcoin should be decentralized and just maybe some regulations so that bad elements cannot take advantage of bitcoin animosity. If government want to tax bitcoin then our coin exchanges are already do7ng that.
some information I read is that 40% of crypto users are comfortable choosing bitcoin with a decentralized system.
so, the expectations of some people to change the bitcoin system will not come true. bitcoin will always be decentralized forever.
so, the expectations of some people to change the bitcoin system will not come true. bitcoin will always be decentralized forever.
Bitcoin and other altcoins are built up using blockchain architecture. And Blockchain concept totally work as a decentralized system. Decentralizing is the inbuilt concept in blockchain based crypto currencies. Because of this, it is very contradictory thing to build centralized coin.
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
Decentralization is the most attractive aspect of bitcoin and blockchain for me. Finally every average Joe can have the power in his hands and doesn't need to be told what to do
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
I would choose decentralized over centralized. You know why? It is because banks and government cannot control it due to anonymous transactions. On top of that, decentralized transactions are much faster than relying on centralized ones. It is why Bitcoin was designed to be a decentralized cryptocurrency.
bitcoin is decentralized yet, but if 51% of all bitcoins fall into one hand, it will automatically become centralized.
Decentralised is the best way to go because it offers a higher level of security, anonymity, it's faster compare to centralised solutions. Bitcoin is best left the way it is than giving governments control over it.
Bitcoin gained its popularity because of decentralization. And as it gain attention from small to big time investors, some governments became aware of it and some government sees it as a security treath, banning it from the country, I am sure if bitcoin is set then bitcoin can be more widely accepted by society. no more price manipulation and crime involving bitcoin.
For me, I will choose decentralized obviously. There is most likely that decentralized is superior to concentrated on the grounds that it implies opportunity and it will give you flexibility later on and that is the reason it is best to simply get into the cryptocurrencies since digital forms of money are the in beginning and the influencer for our reality to begin getting into decentralized framework moreover.
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
I believe that the most important feature of bitcoin is that it is decentralized and anonymous. It is a kind of offshore currency that is not owned by anyone and cannot be accountable to the state. Now in the modern world, all people are under the cover of the state. about each person there are complete financial statements. How much money he has and where he got it from.
theoretically decentralization is certainly better because it guarantees the security of the protocol. The positive but also negative bitcoin thing is that in case of theft or errors you can not go back what you can do in a centralized protocol. People need help and it's not so easy to keep their savings safe
Agree. Both decentralized and centralized systems have their advantages and disadvantages one from another. However, I believe that decentralized systems will always prevail over centralized ones, simply because they're secure and resilient against attacks from third parties. Bitcoin being a decentralized cryptocurrency has such benefits, and it explains why it's been a successful medium of exchange after all these years. Turning itself into a centralized system would not be such a good idea, since it can be easily manipulated by third parties.
Unfortunately, that's case with Ripple, since it's a "cryptocurrency" that's maintained and controlled by its internal company. The most share of XRP tokens are owned by the Ripple company itself, putting at risk the long-term viability of such centralized system. Therefore, if Bitcoin maintains a decentralized cryptocurrency, then it will continue to rise both in demand and value over time. However, if all the contrary happens, then Bitcoin will be doomed as well as most cryptocurrencies in existence to date (since they're dependent on Bitcoin's progress as a reserve currency). Just my thoughts
Decentralized. A coin that is centralized is just like the fiat, but runs and managed by a private company. Think about ripple, I have ripple in my possession but, the thing is. That xrp is mined, managed and controlled by a single company which I think negates to one of the core value of bitcoin being decentralized. But until now xrp is still in trading platform. There are news about merger, new investors and utilization. But at the end, that coin is not for the people, it is create by business people for business purposes. I still believe that an open source project and decentralized and managed by all the people coin is much more greater.
Bitcoin is much more considered as a decentralized type of cryptocurreny that undoubtley have the freedom to its system when it comes to transactions and trading. It is prefer to be an cryptocurrency that has no anyone who can control its system in terms of transaction that is supported by the blockchain. But people should focus on the greater things bitcoin could give to us like opportunities and chance that we could used to build an investment that could be a source of our earning in the future.
Bitcoin is decentralized and this is why every activity carried out on it is deemed to be transparent.
No third party interference also.
No third party interference also.
Bitcoin i think would rather be decentralized because its activities particularly those regarding planning and decision-making,
are distributed or delegated away from a central, authoritative location or group.Therefore, one is empowered to make their own decisions, giving them a sense of importance and making them feel
as if they have more input in the direction of the organization. When centralized, organizational structures focus management authority
and decision-making in a single executive team, with information flowing from top managers to various units.
are distributed or delegated away from a central, authoritative location or group.Therefore, one is empowered to make their own decisions, giving them a sense of importance and making them feel
as if they have more input in the direction of the organization. When centralized, organizational structures focus management authority
and decision-making in a single executive team, with information flowing from top managers to various units.
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
The price of decentralized crypto currency is easily manipulated by who own the coins much.
But it's also good because the price can pump easily too.
If centralized, the price is relatively stable
there are now so many developing decentralization, and in my opinion the best is centralization like bitcoin. if centralization all get connected easily.
You got it all wrong. Bitcoin is not centralized, its opposite. It would be best if you do some research before making posts like this.Here is the link where you can find basic understanding what blockchain is: https://en.wikipedia.org/wiki/Blockchain
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
But somehow, 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 you what is your own perspective regarding this matter?
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