DECENTRALIZED OR CENTRALIZED? - page 22.

no0dlepunk

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

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?

Did you just say "numerous citizens want bitcoin decentralized"? Are they already into bitcoins or are they just spectators? Real bitcoin enthusiasts and supporters doesn't want centralization because this will take away the essence of bitcoin. Bitcoin should remain the anonymity and decentralization.

bitvalak

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

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?

better decentralized because it is more fair in my opinion and can prosper all bitcoin users. Rather than centralized and government-run. Because the government always cheat with the financial system. Almost all countries apply like that.

CoinstarF

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Quote from: Sinecoin on April 30, 2018, 10:26:11 PM

Quote from: Nelars on April 30, 2018, 05:31:47 PM

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?

Bitcoin would not be bitcoin if it was centralized. The whole purpose behind bitcoin is to have a decentralized currency that is not controlled by any single entity or group so that the prices and supply are not manipulated. If people want bitcoin to be centralized then there is purpose of them using it because they can just use the fiat in their designated countries.

Bitcion could not be centralized, owners and holders in itself doesn't want anybody who's going to govern thier investment this is private and designated always decentralized.

Sinecoin

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

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?

Bitcoin would not be bitcoin if it was centralized. The whole purpose behind bitcoin is to have a decentralized currency that is not controlled by any single entity or group so that the prices and supply are not manipulated. If people want bitcoin to be centralized then there is purpose of them using it because they can just use the fiat in their designated countries.

pooya87

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

~ bitcoin as decentralized digital asset,

bitcoin is a decentralized currency or you can also call it a decentralized payment system. it is not an asset!

Quote

~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.

i don't know where you are getting this from, i have never heard anyone wanting to centralize bitcoin!

Quote

For you what is your own perspective regarding this matter?

we already have centralized systems, if we wanted centralization then we would have continued using them instead and wouldn't have bothered with creating bitcoin in first place.

CBTrading

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Decentralized because we know what governments do when they have the license to print money.
If we agree that FIAT is worthless and at least 51% accepts only cryptos, then those who believe in blockchain technology will have financial peace.

Wikipedia:

One study ended in 2000 the Gini coefficient worldwide 0.892. According to that, the largest percent of the world population has reached. The richest 10% comprise 85% of the world's wealth, the other 50% together only 1%. The inequality figure of 0.892 corresponds to a situation where out of 100 people one person owns 90% while the other 99 people share the remaining 10%.

bitmover

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

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?

Bitcoin matters because it is decentralized..
As it is decentralized, it cannot be shut down by governments.

Being decentralized is the reason because bitcoin is so valuable and strong.

kastara

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In my opinion it might be better decentralized because in each country have its own authority over their finances if centralized there will be governing the finances of the State over other countries, perhaps with the existing system is good only I think the existence of bitcoin amid advances in technology good in facilitation so that no negative news stories about the existence of bitcoin and bitcoin can also stimulate the economy with the help of investors so much development of technology-based projects so that's it according to my perspective.

franky1

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bitcoin is no longer decentralised.
core seen to that with thier and bloqs team effort to create the bilateral split to give core the main power of the (now)core network
they are even going as far as suing people for using the bitcoin brand.. even though no one owns it, and neither should core own it

..anyway..

so "distributed" is the new term
the big investment companies behind blockstream and others that are paying the main devs of core. already know and planned this. its why they are buzzwording "distributed ledger technology(DLT)" rather than decentralised blockchains
google already has 628,000 results just for that term. top results for me included the UK governments R&D papers and worldbank

the main devs know that LN is not a blockchain. but for the major hubs(banks2.0) having a ledger of managing multiple channel multisigs. distributed ledger, covers not only things like LN but also the now centralised blockchain. all in the same new buzzword

which is what all their investors are pushing them to develop.

Kokondao

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Actually I also think with you, bitcoin as a place of investment and also trade crypto for short-term gain, and as a safe place of storage.

Wexnident

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I don't take loans, ask for sig if I ever do.

Quote from: Sexie on April 30, 2018, 06:02:19 PM

Quote from: Nelars on April 30, 2018, 05:31:47 PM

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 most important feature of bitcoin is being a decentralised structure. On the other hand, when it comes to bitcoin exchanges , it will become centralised which is means the money , the result of exchanges is the one being centralised. It is not the bitcoin itself being centralised.

That was true, 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.Thus, being decentralized of bitcoin is the factor why most people loves to deal with this because it is less consuming time of having their financials freedom.

tabas

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We only need regulations so it can gather more trust rating and approval from the government that can possibly add more investors.

Quote from: Nelars on April 30, 2018, 05:31:47 PM

numerous citizens want also the bitcoin to be centralized

They want it but the fact that they can't do something about it anymore. Bitcoin is completely decentralized for the rest of our lives.

Sexie

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Quote from: Nelars on April 30, 2018, 05:31:47 PM

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 most important feature of bitcoin is being a decentralised structure. On the other hand, when it comes to bitcoin exchanges , it will become centralised which is means the money , the result of exchanges is the one being centralised. It is not the bitcoin itself being centralised.

Nelars

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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?

Topic: DECENTRALIZED OR CENTRALIZED? - page 22. (Read 3878 times)