Topic: Is it Bitcoin centralized when it comes to business servise or decentralised? (Read 102 times)
March 05, 2018, 06:47:46 PM
Bitcoin is totally decentralized. The price of Bitcoin moves based from the decision of its investors. If the majority decided to sell it, then expect a price drop. Or if majority decided to buy, then price pumps. But the good thing is everyday Bitcoin gets new investors. Expect a huge price increase in the next few months.
March 05, 2018, 06:40:22 PM
but only by the group of owners
Bitcoin's technology which is the blockchain isn't owned by any group or individual.Bitcoin is a decentralized system centered in Blockchain, and this is nothing to manage, everything runs by itself in place, so that all looks transparent in terms of transactions.
True.But with those working for their projects or business, the distribution of such rewards is centralized.
Distribution of bitcoin/reward to projects or businesses is centralized because the distributor itself or the owner is organized but the whole tech itself is decentralized. March 05, 2018, 06:20:43 PM
Bitcoin is a decentralized system centered in Blockchain, and this is nothing to manage, everything runs by itself in place, so that all looks transparent in terms of transactions.
March 05, 2018, 06:16:26 PM
I agree with your opinion and thought abut bitcoin being decentralized to business and yet centralized when distributed as a reward to those who did their tasks. It is also just a matter of being uncontrolled to controlled but I think that is just the way it is and it should be to make it balanced.
March 05, 2018, 06:11:38 PM
Can we Help somehow clarification when we said that it is decentralized that no one controls to it , no authority involves to it, but only by the group of owners, those who are planning more projects with in the eco system of Bitcoin, having big businesses are the one being decentralised. But with those working for their projects or business, the distribution of such rewards is centralized. It is a decentralized Technology and yet the most existing process is centralized. If youre not agree or agree , Pls share with US your knowledge more.
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