Topic: DECENTRALIZED OR CENTRALIZED? - page 14. (Read 3906 times)
100% on decentralized, so we are free to the control of the corrupt politicians/governments. However it may still took a long time for it to become a reality, but I still believe on it.
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 initial idea was to create a truly decentralised system. There is no other way to build the system right if we want it to be independent.
I prefer if bitcoin is made in a centralized system. with the centralized system the bitcoin will be more manageable. bitcoin prices will be more stable. crime through bitcoin can also be handled well because crime can be more easily controlled. I am sure if bitcoin is set then bitcoin can be more widely accepted by society. no more price manipulation and crime involving bitcoin. That's a bit of my idea
Being decentralized nothing control any goverment and also bank is has a good effect for the people who using bitcoin. Because it easy to transact. When it comes centralized it goes to the transaction between the malls, restaurant, coffee shop etc. They give a rules for that so in my side its better to be decentralized bitcoin is much effective to make it that iy would help many people for this decentralization.
A decentralized system is a very good thing, I think. It is a more modern approach to the development of any of our existing areas. When there are some control centers, it's much better because the monopoly is centuries old.
I much prefer being decentralized because no one can control or manipulate it even the governments. Once it was being centralized they have the power to control it whenever they wan. In fact it is more safe for me being decentralized than centralized because not all people in the government are trusted.
We like bitcoin because it is a decentralized revolution. In my view, I think the decentralized system is far better than Centralized. Centralized means it is controlled by a team or someone can control that by their want. But in decentralized, anyone can do their job without permission. I think, in this crypto, most of the people love the decentralized system. If I compare in the crypto exchange between centralized and decentrali9ed exchange then, many people love centralized exchange for their security and decentralized has a fear of hackers.
Bitcoin is a decentralized virtual online currency because maximum countries it is not controlled by governments and banks but centralized currencies is controlled by banks, government.
As I would see it may be better decentralized in light of the fact that in every nation have its own particular expert over their accounts if incorporated there will administer the funds of the State over different nations, maybe with the current framework is great just I think the presence of bitcoin in the midst of advances in innovation great in assistance so no negative news stories about the presence of bitcoin and bitcoin can likewise invigorate the economy with the assistance of financial specialists such a great amount of improvement of innovation based tasks so's it as indicated by my viewpoint.
Nevertheless, decentralization, even in this case, will have advantages, since it is much safer than the usual centralized systems and the level of trust from the population will be much higher than what is now in this area A decentralized system is a very good thing, I think. It is a more modern approach to the development of any of our existing areas. When there are some control centers, it's much better because the monopoly is centuries old.
Decentralized system is the way much more better than centralized because decentralized will make sure that power will not focus in only someone's hand that mean it will be more fair for normal people like us.
A decentralized system is a very good thing, I think. It is a more modern approach to the development of any of our existing areas. When there are some control centers, it's much better because the monopoly is centuries old.
day by day btc becomes more centralized as there are just some mining companies that want to become the monopol in mining or claim that they own some true companies which will make it centralized one way or another.
You are correct, bitcoin mining is becoming a problem than a solution. If care is not taken we might finally experience a 51% if these pools become selfish.
Cryptocurrency and blockchain technology is decentralized and that has attracted many people to invest in it. Making it centralized will destroy the system and make other people lose invest in it.
As I would see it may be better decentralized in light of the fact that in every nation have its own particular expert over their accounts if incorporated there will administer the funds of the State over different nations, maybe with the current framework is great just I think the presence of bitcoin in the midst of advances in innovation great in assistance so no negative news stories about the presence of bitcoin and bitcoin can likewise invigorate the economy with the assistance of financial specialists such a great amount of improvement of innovation based tasks so's it as indicated by my viewpoint.
the most crucial issue for decentralized technology is the implementation of the law. we still haven't fugure it out how to create an high-tech and effective assets/currency to be securable with nation law. most people afraid to invest their money because of this issue. no country(or as far as i know) sheltering a crypto asset. but the technology and efficiency is so favorable. what we can do is to wait until government to take action to support cryptocurrency
In my own view and understanding with d country I originated from, bitcoin should be centralized bcos if it is not centralized it will be bastadise and use for illegal deal such as money laundry and d likes.
centralized will destroy the purpose of cryptocurrencies and centralized system your can found it in the out side world
Then I think each system will have its advocate and its adversary. Every system has its advantages. but I think for decentralized system the future.
With decentralized we cannot able survive for long time. Most of the people does not like the centralized medium since the more people comes to control the power of crypto currencies but with some regulation we cannot still accept the decentralized medium for centralized payment system.
If the currency payment evolves to next level then you will see the crypto currencies is the source to change the marketplace.
We all investors will make money out of it easily too.
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?
Then I think each system will have its advocate and its adversary. Every system has its advantages. but I think for decentralized system the future.
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