Topic: Will Bitcoin become centralized sometime in the future? - page 27. (Read 8114 times)
To ensure some sort of centralisation never happen, the best way is still to spread the hashrate concentration to multiple new pools.I think bitcoin can make the system in this world more systematic and centralized so manay people will can be longer live without worrying about money
I believe it will not. The only possible thing that will happen is that exchanges all over the country can be decentralized in order to get tax from the crypto community.
i think so. with the governments work, they try to centralized bitcoin. they try to centralized every thing from beginning.
If the government does not have dominant stock then they can not centralize, which can make bitcoin centralization of course is the majority owner, because bitcoin equals shares, who has big capital then he can control. 
i think so. with the governments work, they try to centralized bitcoin. they try to centralized every thing from beginning.
i dont think so because as we know that bitcoin is using blockchain system for their core network right now, and we can see that blockahin network is decentralized platform, so if someday bitcoin is become centralized i think bitcoin should their blockchain network into traditional network that need central for their transaction and database
As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
There is possibility that bitcoin become centralize in the future because the number of people who know bitcoin is increasing. It means that in the future bitcoin will become so popular in the world, and if those people have more knowledge about bitcoin they will realize that there are so many advantages of bitcoin. So that they will offer bitcoin to their family, friends, officemate to try bitcoin.
Looking at the way governments are banning bitcoin and cryptocurrency usage in many countries, I think they will only accept it when it becomes centralized to control monetary affairs. We all hope bitcoin and for that matter, cryptocurrency, should be accepted everywhere sometime to come which would be possible only after centralization or regulations by some government agencies.
Its hard to see Bitcoin Being centralized coz if it does then its value as a crypto will be lost, But again if you look closely, centralization of Bitcoin is probably the only way in which the governments will fully legalize Bitcoin operations, the rest remains to be seen as the legislation Battles take center stage
I share the same thought,at some point, Bitcoin will grow so much that it will be almost impossible to ignore its influence, at this point, the governments might reach a truce and decide centralize the coi and make it illegal so that it can operate legally. This way, the governments get something off it through taxation, and the Bitcoin users will be protected from extreme dips. It shall all come down to a consensus between the regulating bodies and te Bitcoin users, if an agreement cant be reached then BTC will remain decentralized
as for me it isn't important, because the cause of it can be corruption inside the countries with all crypto on the market
people's opinions are different, sometimes impossible things become possible. although it is not important but still for different people. if the negative thing you say is true to me, but for someone who is bad or does not have good in using btc.
Later on, there's a likelihood for bitcoin to be unified. below brought along framework, there should a controller and formal sponsor of bitcoin can be bitcoin value may be controlled by the controller. below incorporated framework, bitcoin worth have an inclination to be a lot of steady and lower in its value or esteem. As so much the formal controller and sponsor will guarantee bitcoin will work higher, faster and might enhance open support of all purchasers of bitcoin, it'll be valuable and bolstered fully by people outside there and significantly by bitcoin darlings.
The main feature of the Blockchain technology is that it is decentralized in its essence, and that is what makes Bitcoin unique. This feature, decentralization, has been a hurdle for the central banks world who seek to wield power upon the whole monetary system. Therefore, Bitcoin will absolutely face some challenges like centralizing it in the future, but, in my view, Bitcoin will overcome such tendencies that may confine it.
as for me it isn't important, because the cause of it can be corruption inside the countries with all crypto on the market
As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
Bitcoin will become centralized in the future? I think it would not be happen because bitcoin is already decentralized and this is created in full with a decentralized system.
may not be centralized, because if the bitcoin is centered, it would be very easy for the government to destroy it, and the user would lose the anonymity done from the past
In my perception, If bitcoin become a centralized then the anonymity by Itself will be gone and It will be easily be manipulate by the Government. So, I think Its Impossible to be happen.
I am sure that bitcoin is never a centralized centrality, it is invented to be centralized, this is its meaning and advantage! In addition, the bitcoin's code has long been written and will never change!
As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.
Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.
Bitcoin Network is virtually run by ASICs. Other mining devices like CPU, GPU and FPGA are in the minority, making up not even up to 15% of the global mining network due to the high hashing difficulty. These ASICs that are running the Bitcoin Network are predominantly from one manufacturer, Bitmain. The topmost mining pools, Antpool (ca. 15 %), BTC.com (ca. 30%) and ViaBTC (ca. 10%), including other minority pools with 5-7%, all have direct and/or indirect ties to the same ASIC manufacturer Bitmain. Blockchain developers have expressed deep concerns about this fact and have raised the question of whether Bitcoin network is truly decentralized and immune to 51 % attack and interfered price manipulations.
The obvious is the answer to the concerns of cryptocurrency developers. Bitcoin network is centralized around Bitmain’s mining hardware (>60%) and pools (>60%). There is no guarantee whatsoever that an entity controlling a blockchain network cannot undermine the global interest of its network users or allow itself to be used as a platform for network attacks. This was highlighted in Bitcoin’s whitepaper by Satoshi Nakamoto, and therefore it was already known that such a scenario could play out if decency and satisfaction escape the minds of peers.
Possibly, there won't be anything like centralizing bitcoin , a solution you this is for all the remaining tokens you be premined. Making bitcoin centralized will forfeit major efforts that took cryptocurrency to this stage, and alot of people will lose interest in cryptocurrency which might lead to the end of it. So never border about centralization of bitcoin and more innovations will be developed to solve any issues facing miners.
I highly doubt that bitcoin will be centralized in the future. In this case, the whole meaning of these technologies is completely lost.
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