Why would the government make BTC centralized? It's impossible as they didn't have the control of the transactions nor the "central core" wherever it is now or if it does exist. However, regulated crypto wallets and exchanges can be controlled and we don't have the full custody despite low trading fees and fast transactions.
Government made fiat currency centralized and saying that government wants to make bitcoin centralized, i support you because is not possible, maybe it will happen when this present bitcoin die off and another kind of bitcoin emerge for second world, i believe and also know that bitcoin is independent from the ages because starting from the price, no body control the market of bitcoin except it liquidity and market determination, we are talking the same thing, but let us know in case we don't know that government don't have control over bitcoin, they have control over gold and fiat but cryptocurrency government don't have hand 
Topic: What if governments make Bitcoin centralized? - page 2. (Read 1084 times)
Why would the government make BTC centralized? It's impossible as they didn't have the control of the transactions nor the "central core" wherever it is now or if it does exist. However, regulated crypto wallets and exchanges can be controlled and we don't have the full custody despite low trading fees and fast transactions.
I feel that this problem is just a joke. Is it boring to face and talk about an impossible thing? Bitcoin has only two paths, one is free development and the other is collapse. There will be no government control. If so, Bitcoin would not be Bitcoin. It doesn't make much sense. If you have enough time, it is better to improve your knowledge and study hard. The digital world is changing very quickly. 
if the government wants to control bitcoin by controlling 51% of bitcoin circulation then how much money they have to spend while, they will print as much money and make fiat into goods that will no longer be worth it. and if the government manages to control 51% of bitcoin circulation then i will sell my bitcoin and buy another altcoin then wait to buy the bitcoin price drops..
If governments legalize Bitcoin as legal tender, then there should be nothing stopping them from centralizing the cryptocurrency in its entirety. It'll be the end of decentralization as we speak.
I don't understand what made you jump to that conclusion. If governments all over the world suddenly made bitcoin legal tender, that would force almost all population, that is, banks, businesses, individuals, merchants, etc., to switch to that new legal tender. Not only would it result in a higher price and greater awareness of bitcoin, but also it would result in more people willing to mine bitcoin or run their own bitcoin full node, which would make the bitcoin network even more distributed and decentralized. It is pointless for governments, especially big ones, to promote bitcoin by making it a legal medium of exchange because once people learn about how to be their own banks, they will no longer need to rely on centralized government-controlled entities. Why would they shoot themselves in the foot?Exactly my sentiment as stated above. However I would also add the fact that if a government someday, somehow manages to centralise Bitcoin, then there will be other crypto's to take its place. Especially privacy coins. So trying to decentralise Bitcoin is not something that the government can do, I believe. And attempting it in the first place will only lead to a waste of money and time.
Have you ever thought about Bitcoin becoming centralized someday? The ever-growing mainstream adoption of Bitcoin worldwide will only lead us closer to such scenario. To our surprise, El Salvador became the first country to adopt Bitcoin as legal tender. The more popular the cryptocurrency becomes, the more countries will be tempted to follow El Salvador's footsteps. Imagine governments making their own mining facilities, or even buying pre-established mining companies in order to gain a piece of the pie. If they manage to control more than 51% of Bitcoin's hashrate, the cryptocurrency will effectively become centralized. That, and the fact that they already control centralized exchanges is a very alarming situation for the future of Bitcoin.
Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks.
if the government wants to control bitcoin by controlling 51% of bitcoin circulation then how much money they have to spend while, they will print as much money and make fiat into goods that will no longer be worth it. and if the government manages to control 51% of bitcoin circulation then i will sell my bitcoin and buy another altcoin then wait to buy the bitcoin price drops.. Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks.
I don't understand what made you jump to that conclusion. If governments all over the world suddenly made bitcoin legal tender, that would force almost all population, that is, banks, businesses, individuals, merchants, etc., to switch to that new legal tender. Not only would it result in a higher price and greater awareness of bitcoin, but also it would result in more people willing to mine bitcoin or run their own bitcoin full node, which would make the bitcoin network even more distributed and decentralized. It is pointless for governments, especially big ones, to promote bitcoin by making it a legal medium of exchange because once people learn about how to be their own banks, they will no longer need to rely on centralized government-controlled entities. Why would they shoot themselves in the foot?
Governments control centralized exchanges so it's easier for them to control most of Bitcoin's supply. The mining part would be harder to achieve, especially when hashrate is scattered all over the world. But I get your point. Bitcoin empowers anyone to be their own bank, so it wouldn't be wise for governments to support Bitcoin as Fiat's successor. It goes against what was established in the first place. While centralization looks highly unlikely, we cannot discard it from happening in the future. The community must always be on alert in order to help maintain Bitcoin as decentralized as possible. Mining pools encourage centralization, so it would be best if people began solo mining the cryptocurrency to prevent this from happening. Fortunately, developers are working on improving the stratum mining protocol to further encourage decentralization. As long as Bitcoin remains decentralized and censorship-resistant, nothing will be able to stand on its way. Just my thoughts
A reason why many would like to keep Bitcoin over fiat is that because the government has no control. But, it was to see that they are taking steps to get through it and possibly will control cryptocurrency someday. And if this going to happen, we don't know what will happen next but I think that these crypto investors and users will still invest in them. I don't think that they will stop this stuff but rather continue it under their control coz what they want is these users and holders will pay tax.
That tweet by Jonas Schnelli made me really think in that respect. Sounds a bit as if government agencies are already building up pressure.
Quote
Jonas Schnelli
@_jonasschnelli_
You may ask, why step down now? What happened?
Sometimes, interests shift and you can’t do much about it.
On top, I feel that the legal risks for Bitcoin developers are increasing year by year (which can be stressful).
New contributors should join anonymously (it’s tricky).
@_jonasschnelli_
You may ask, why step down now? What happened?
Sometimes, interests shift and you can’t do much about it.
On top, I feel that the legal risks for Bitcoin developers are increasing year by year (which can be stressful).
New contributors should join anonymously (it’s tricky).
And this is the latest proposal form the EU
https://eur-lex.europa.eu/resource.html?uri=cellar:0a4db7d6-eace-11eb-93a8-01aa75ed71a1.0001.02/DOC_1&format=PDF
Quote
The proposal contains a provision preventing traders in goods or services from accepting cash
payments of over EUR 10 000 for a single purchase, while allowing Member States to
maintain in force lower ceilings for large cash transactions. This ceiling does not apply to
private operations between individuals. The Commission must assess the benefits and impacts
of further lowering of this threshold within three years of application of the proposed
EN 11 EN
Regulation. The provision and custody of anonymous crypto-asset wallets are prohibited.
Companies that are not listed are prohibited from issuing bearer shares and are required to
register those shares. The issuance of bearer share warrants is only allowed in intermediated
form.
payments of over EUR 10 000 for a single purchase, while allowing Member States to
maintain in force lower ceilings for large cash transactions. This ceiling does not apply to
private operations between individuals. The Commission must assess the benefits and impacts
of further lowering of this threshold within three years of application of the proposed
EN 11 EN
Regulation. The provision and custody of anonymous crypto-asset wallets are prohibited.
Companies that are not listed are prohibited from issuing bearer shares and are required to
register those shares. The issuance of bearer share warrants is only allowed in intermediated
form.
I'm a bit wondering why the community and developers are not taking notice of these current developments, or at least it makes the impression.
I think that this is far from it. But I see that Bitcoin is already a very effective tool for influencing
This is definitely far from reality. Why would a government end up centralizing bitcoin? Knowing bitcoin is decentralized, so it can never be fully controlled by the government or any group or entity. But once its centralized, the government will all have the access on it. But take an example from China, they have created digital yuan which is definitely centralized in the first place, so they started banning bitcoin so that its citizens will stop using it and focus on their own digital currency. Maybe that will also be the case of other countries' government and they would not waste time on adopting bitcoin anymore.
I think that this is far from it. But I see that Bitcoin is already a very effective tool for influencing
This is definitely far from reality. Why would a government end up centralizing bitcoin? Knowing bitcoin is decentralized, so it can never be fully controlled by the government or any group or entity. But once its centralized, the government will all have the access on it. But take an example from China, they have created digital yuan which is definitely centralized in the first place, so they started banning bitcoin so that its citizens will stop using it and focus on their own digital currency. Maybe that will also be the case of other countries' government and they would not waste time on adopting bitcoin anymore.it is impossible for a country to centralize bitcoin and this will require large funds that will waste state money because bitcoin grows and is already in the hands of the world community which is very likely to issue crypto / digital money the country itself
I think that this is far from it. But I see that Bitcoin is already a very effective tool for influencing
This is definitely far from reality. Why would a government end up centralizing bitcoin? Knowing bitcoin is decentralized, so it can never be fully controlled by the government or any group or entity. But once its centralized, the government will all have the access on it. But take an example from China, they have created digital yuan which is definitely centralized in the first place, so they started banning bitcoin so that its citizens will stop using it and focus on their own digital currency. Maybe that will also be the case of other countries' government and they would not waste time on adopting bitcoin anymore. 
If governments legalize Bitcoin as legal tender, then there should be nothing stopping them from centralizing the cryptocurrency in its entirety. It'll be the end of decentralization as we speak.
I don't understand what made you jump to that conclusion. If governments all over the world suddenly made bitcoin legal tender, that would force almost all population, that is, banks, businesses, individuals, merchants, etc., to switch to that new legal tender. Not only would it result in a higher price and greater awareness of bitcoin, but also it would result in more people willing to mine bitcoin or run their own bitcoin full node, which would make the bitcoin network even more distributed and decentralized. It is pointless for governments, especially big ones, to promote bitcoin by making it a legal medium of exchange because once people learn about how to be their own banks, they will no longer need to rely on centralized government-controlled entities. Why would they shoot themselves in the foot?Exactly my sentiment as stated above. However I would also add the fact that if a government someday, somehow manages to centralise Bitcoin, then there will be other crypto's to take its place. Especially privacy coins. So trying to decentralise Bitcoin is not something that the government can do, I believe. And attempting it in the first place will only lead to a waste of money and time.
If governments legalize Bitcoin as legal tender, then there should be nothing stopping them from centralizing the cryptocurrency in its entirety. It'll be the end of decentralization as we speak.
I don't understand what made you jump to that conclusion. If governments all over the world suddenly made bitcoin legal tender, that would force almost all population, that is, banks, businesses, individuals, merchants, etc., to switch to that new legal tender. Not only would it result in a higher price and greater awareness of bitcoin, but also it would result in more people willing to mine bitcoin or run their own bitcoin full node, which would make the bitcoin network even more distributed and decentralized. It is pointless for governments, especially big ones, to promote bitcoin by making it a legal medium of exchange because once people learn about how to be their own banks, they will no longer need to rely on centralized government-controlled entities. Why would they shoot themselves in the foot?
I believe if the government legalize the BTC it will be great revolution in the economy of the country,Young generation will be able to earn itself and bcome indendent which will decrease the unemployment rtaio.Government will also increaase the revenue from the transactions occurs on the government platform.Overall it will have positive impact on economy.
Control over bitcoin mining by states cannot centralize it. This has absolutely no effect on the decentralized nature of Bitcoin. Thus it is possible to influence its price, but not its nature. In addition, more than 18 million bitcoins have already been mined and the remaining 3 million, the mining of which will take more than a hundred years, practically does not solve anything. It is impossible to make Bitcoin centralized yet.
They can do it if they wanted but people don't like it. However, the situation sometimes shows that the market is started to get centralized, in fact, they're started to keep in touch with crypto, they are now urging exchanges to ask KYC for their users, that it means that they are moving in and trying to take control the market. I don't know, but can't assure that we keep the market being in decentralized state. As it comes that major countries will invest in crypto, that was the time we could think about it "centralized".
Control over bitcoin mining by states cannot centralize it. This has absolutely no effect on the decentralized nature of Bitcoin. Thus it is possible to influence its price, but not its nature. In addition, more than 18 million bitcoins have already been mined and the remaining 3 million, the mining of which will take more than a hundred years, practically does not solve anything. It is impossible to make Bitcoin centralized yet.
If they were so united and so willing to use one world currency, there would never have been any need of bitcoin itself, the problem is for one single country it's going to be impossible to cover up the 51% hash rate alone, and eventually, if multiple countries began to do this they would face clashes with each others and will never be able to form any consensus, moreover, it's not at all financially wise for any country today to make such a heft investment, because the returns aren't going to be that exciting for them considering that not a lot of bitcoin are left to be mined now. If countries would really want one world currency they would simple legalize bitcoin as a legal tender and they will be easily successful in their mission.
You've said it yourself. If governments legalize Bitcoin as legal tender, then there should be nothing stopping them from centralizing the cryptocurrency in its entirety. El Salvador "broke the ice" and it should only be a matter of time before other countries do the same. Imagine if every country abandons their native currency (Fiat) for Bitcoin. It'll be the end of decentralization as we speak. We cannot discard this from happening in the future if adoption for Bitcoin continues to rise at an accelerated rate. Hopefully the community will be able to keep Bitcoin decentralized, for the sake of people's financial freedom. Just my opinion
This will never happen. The world government will never fight over mining and control, they will be occupied with military advancement, climate change and global vaccination and other controls not bitcoin that is very difficult to mine, more so, so many companies all over the world are doing the mining already.
Have you ever thought about Bitcoin becoming centralized someday? The ever-growing mainstream adoption of Bitcoin worldwide will only lead us closer to such scenario. To our surprise, El Salvador became the first country to adopt Bitcoin as legal tender. The more popular the cryptocurrency becomes, the more countries will be tempted to follow El Salvador's footsteps. Imagine governments making their own mining facilities, or even buying pre-established mining companies in order to gain a piece of the pie. If they manage to control more than 51% of Bitcoin's hashrate, the cryptocurrency will effectively become centralized. That, and the fact that they already control centralized exchanges is a very alarming situation for the future of Bitcoin.
Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks.
If they were so united and so willing to use one world currency, there would never have been any need of bitcoin itself, the problem is for one single country it's going to be impossible to cover up the 51% hash rate alone, and eventually, if multiple countries began to do this they would face clashes with each others and will never be able to form any consensus, moreover, it's not at all financially wise for any country today to make such a heft investment, because the returns aren't going to be that exciting for them considering that not a lot of bitcoin are left to be mined now. If countries would really want one world currency they would simple legalize bitcoin as a legal tender and they will be easily successful in their mission. Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks.
No government will be interested in mining bitcoin and making it centralized. The prime reason behind that is almost 90% of bitcoin already has been mined. There is no point for diving in for the rest of the 10% for any government.
We can never know the government's true intentions. If it wants to destroy Bitcoin, it can do everything in its power to do so. Maybe countries from around the world will unanimously control a large portion of Bitcoin's hashrate in order to shut it down for good? We cannot discard the possibility of Bitcoin becoming centralized in the future, as Blockchain tech is not immune to this. There are many ways to centralize Bitcoin limited to governments' own imagination. They already control centralized exchanges so there's that. If governments manage to either control a large portion of the mining hashrate or the circulating supply, the cryptocurrency will be doomed.
At least, the code is open source. If anything bad happens, the community can simply alter the code to make a new cryptocurrency with decentralization in mind. I hope Bitcoin remains decentralized and censorship-resistant for the foreseeable future. Just my thoughts
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