Bitcoin Forum

what do you think would happen to bitcoin economy if someone would actually take in control of it?

In my little noob unterstanding it is not possible to take control of it. Only if you own 51% of all BTC

So you mean like Eth is lol :)

Yes, but the point here is "what if". So, I think if bitcoin would be centralized we would not see such prices as now and we would have to pay taxes to the government from this earnings. Those two things would change bitcoin totally and I doubt that it would stay so attractive as it is now.

There's really no 'what if' here. Should an entity (let's say Bitcoin Core) take control of Bitcoin by forcing their changes without consensus, then the community forks and the centralized version dies instantly.
There can only be a decentralized Bitcoin. There is no room for centralization even hypothetically.

The goal of BTC can't e attained if that's the case. It's
like a beautiful girl but you can't bang it. :)

I do not think it's possible for the government to take over Bitcoin, because Bitcoin is not a legitimate payment to buy any item, maybe if it really happened, it would be difficult to get Bitcoin and no one will give Bitcoin free for everyone.

One of the following will happen

1) Pigs will fly
2) Unicorns will fart cheescakes
3) Dragons will rule the UK
4) Somalia will become a G7 member

And if somehow somebody will manage to get the 51% mining and a total control over nodes, bitoin will turn into ripple.
Which is not doing that bad ....

There are several centralized Bitcoins. They are called banks, credit cards, paypals, etc...  Only difference in essence tis that BTC is decentralized and others aren't.

Maybe to formulate your question better.

Then that particular entity will have the power to dictate what the price is. That is the basic principle of centralization, since you can control and manipulate the market, you can easily dictate what the price is. Also, you can block anyone's transaction because you made it centralized, there is a main or center point so every transaction will pass through the center point and you can easily block or redirect transactions. Though these are the worst case scenario, it might be possible.

I really won't support for bitcoin to become a centralized money because if it is been centralized in any place then taxation will be applicable to use bitcoins and service tax to trading site and many more things have been initialized.
Banks will try to regulate and they will increase the fees to send the bitcoins to internationally transferred address.

it would defeat the purpose of bitcoin

What if some one take control of BTC? It means being Centralized, All transaction will be track together with identification and value will not increase or decrease like fiat money. No one will  invest on it, It will lose it character and investors, it will dump by many people holding on it. Centralization of bitcoin can lead to downfall of it.

It will be nothing more than another competitor of paypal in online payment gateway and price of bitcoin will not be like right now. 1 bitcoin might have tied up with some $ and it might remain at those level always. There will be also possibility like total shutdown of the service like crack down of liberty reserve few months back if it will be controlled by one one person or a group of people.

That is not possible because the system was built on decentralization and unless maybe other currency overthrow btc and that currency is decentralized meaning that is what the world wants then it will not happen.

We'd just hardfork it or move to a new alt coin. Bitcoin is more than just the sum of its miners. If it were centralized it would lose its value and whoever seized Bitcoin would be king of nothing.



Zzzing! ;D

Bitcoin economy will probably collapse because of lack of support. Bitcoin is based on the idea that it is decentralized and no one will have autonomy to control it. That is what we want from bitcoin. If it gets removed from the equation, a lot of people will dump their bitcoin and go to another crypto.

The whole ecosystem of Bitcoin has been designed so no one appears to be in center alone.
Over the period of 8 years, now it is assured that nor supply, neither the mining could be centralized.
Even with the best of hacking skills, no one could steal the considerable part of supply as it is already fragmented to large audience. On the other hand, crypto algorithm ensures that mining also can't be centralized.

I think it will be bad for us,you will not able to see the great volatility of bitcoin as it is moving now, it will be moving in some standard average trading range.Next you will see the High Fess, high premium and high taxes that you need to pay to the Bitcoin owner or to the ruling government.You wont see that much amount of craze and popularity,as it now because of high price and high amount of participation. It wont be a good investment if it is ruled by one single management, because it will be hard for you to see those 100 and 1000 amount of returns.

Well this is another stupid thread, if bitcoins were centralized then don't even thing it would have reached where it is now. Bitcoin's main selling point is being decentralized and that played a huge part in its success. Removing a valuable trait would result to a completely different scenario. If it was centralized I don't think it would have even lifted an inch off the ground.

If Bitcoin was centralized then it would probably functioning like any other currency and we wouldn't probably be here. It wouldn't be so successful and have so many users, it wouldn't represent anything new and progressive so I actualy don't see the point in such discussions that lead to nowhere.

Yes, and people would leave it for some other coins. The reason Bitcoin is so popular is that nobody is in control. A country going down in debt won't affect it and no bank or government will be able to take it from you. They can fight it and mess with it but it will be a long and slow process unlike repossession, seizure and other legal actions they can do with your money.

I think bitcoin can be easily controlled by very rich people, rich people can easily dump and pump bitcoin prices, but they can control themselves and keep the bitcoin getting better. I guess the bitcoin will not be centralized.

To put it simply: there's no way it can be centralized (at all)

I absolutely agree thag if bitcoin was being centralized all transaction will be track and it can be the reason to not increase thr price of bitcoin. I also think if bitcoin was centralized no one will invest in because some people will control their money and bitcoin. Lastly, I still agree that centralization of bitcoin can lead to downfall.

bitcoin may not be centralized ,,. because some of the richwho may be able to control their bitcoin value will definitely lose if the bitcoin is centralized., some of their fortunes earned through bitcoin will end if this happens ,, maybe they will control the price to get better in each period. which makes us more profitable

Bitcoin may be centralized by a manipulation of its code. But I don't think one can do this because it's an democratic environment with tons of participants. It will stay decentralized.

If it was centralised what wil be the use of investing in it there wouldn't be any difference between the currency we use currently and btc , in a situation like this i would prefer gold more than btc if it was centralised.
In a centralised currency the controller has the power to control the price directly or indirectly, the controller of the system will also know who has invested and how much funds he holds and with this it raises tax , proof of fund etc it wouldn't be anonymous anymore.

The first decentralized currency is soon to implement a contentious upgrade which fundamentally changes its direction from bitcoin cash to a bitcoin settlement network. A decision that may have ramifications for decades to come or it may amount to a storm in a tea cup, but does the way such decision was made suggest bitcoin has become centralized in the hands of a few people?

If bitcoin will be centralized it will be a great opportunity to the companies that using it as currency and to everyone to explore the new kind of trading.

I am of the opinion that this is a good thing and if it happens then it is progress, so it will be organized and every country is able to operate and discipline bitcoin players ,,, but it is not easy ,, and I hope in every country give full permission to transaction bitcoin ,,

You and no one would use it. The only reason it's being touch right now is because of its semi decentralized nature. That is the single most gratifying thing about cryptocurrency. You take that away and you're going to destroy everything. People love bitcoin only for one reason and that is decentralization.

No Bitcoin cannot be centralized, it was designed to be decentralised, thanks to the founding father vision, he made it that way. Now if you are meaning to say can the government control it, it can't control the price, but it can put restrictions on its use like China recently did, or it can implement the way Japan did. That's only closest way to a centralized Bitcoin. Why would you use a centralized Bitcoin, it would kill the very function it was created for.

bitcoin is open source currency it's can't be centralized.

I'm sure this is the thing that does not make the user interested, when the centralization of course with easy price can be controlled whenever. so I think centralization is something that goes against the laws of the market.

It will cease to be called a cryptocurrency and a new coin will take its place.
I noticed they have been working hard on centralizing it. I have a feeling that Bitcoin will continue to resist the attempts and be great.

if bitcoin controlled by government or banks another coin will take the lead like ETH,WAVE,OINON ..etc, because what attract people in first place to use bitcoin is security and freedom to control your own money whenever , wherever you need it . but that will not happen anytime soon .

If bitcoin becomes centralized (which won't be happening anytime soon) it will loose one of its key main feature - decentralization. The market won't be the same anymore. Price is going to be much lower than it is. There wouldnt be much difference between normals fiat currency and those centralized Cryptos

Exactly bro/sis. I'm sometimes surprised at attempts by some governments to create centralized "National currencies" and call them cryptocurrency.
They seem not to understand why Bitcoin is so successful.

National currencies that will most likely be manipulated, censored and centralized aren't Cryptocurrency at all.

It will be like fiat. The price would more stable but we would not have the freedom over it.

It will become another digital bank like neteller or skrill.

Huh it is impossible to be centralize because it was designed in such a way that no system control them it could never be centalized and in case if it were then we would not be here because it would be the same as normal papper currency and would not have such great demands

First of all it is impossible that bitcoin will be centralized in future and if it centralized by force or anyhow then bitcoin will be like other currency and I think that time people will think to left bitcoin and invest money in other business. People with bitcoin is due to feature of  decentralization and people hope that bitcoin would be decentralized forever.

not all hope And that's for sure. I think that many people generally use Bitcoin at the moment because of the fact that in a quick way to earn and leave. There are certainly fanatics who are very much satisfied with cryptography today. But such people are one.

That's a mere fact, if bitcoin was centralized probably just simply making an account requires payment tht most of the people cannot afford all the transanction are vividly monitored by the authorities and even the money that you have gained will be monitoed and it may also be manipulated by them that people dont want it to happened . Information of every people will be collected and the vulnerability for us from hackers will raise.

It's likely that the value will fall and people will no longer have the interest to invest in it. Because we know that it will also lose its meaning. Why do we invest in bitcoins? Because of the increase in its price and we have invested money. So if it becomes centralized you can manipulate its price and become a Shitcoins.

If Bitcoin was centralized then it would honestly be just another currency as it is susceptible to single point of failure attacks as well as inflation of money supply from the centralized group that controls it.

I think, if the bitcoin will be focused, we will not see the price as it is now and we will have to pay taxes to the government from this income. You can block anyone's transaction because you have a focus, a central point or a central point, so each transaction will go through the central point and you can easily block or redirect the transaction. It will take it's character and investors, it will pour many people who are holding it. A lot of people will den bitcoin

when bitcoin was centralized, i think it is good for us to be use and legalized on some other part of the globe. we all people have a freedom to use bitcoin wherever we are and whenever we want. but there are a few worst in it if someone can takes control bitcoin in our country, one is they break the privacy of our used bitcoin wallet for easy to them to know who is the persons who hold that amount of bitcoin and some other personal information to us. they also control the value of bitcoin from its original price in the market and they implement a tax to done in every single of us.

What's the difference between cash and Bitcoin if BTC is centralized? Being decentralized is one of BTC biggest selling point at the moment.

However being that said, more than 70% of the current miners (despite different entities) are actually from China so I am not so sure if BTC is truly decentralized in the way that we all thought it is.

One of the main features of Bitcoin is decentralization and it is also one of the main reasons why lots of people use it. If it will be centralized, I think it will decrease its value because Bitcoin users might switch to use other coins. Also, once it is centralized, the givernment may tax Bitcoin and it will lead to higher transaction fees.

Hmmn... If Bitcoin ever becomes centralized (which isn't possible because itz main purpose itself will then be defeated) it will pathetically lose itz value. I believe the only way a country's government might want to benefit from this is via taxation which hasn't been implemented. Centralising Bitcoin is centralising the whole of cryptocurrency itself! Making it have some form of limitations.

for me bitcoin is not centralized problem. but does not affect the price of bitcoin. bitcoin remains the best even though someone set the bitcoin.

As you said when the bitcoin was centralized we can use it on anywhere in the world .But if it was centralized the taxation will come into play.When there will be the taxes for using the bitcoin then thr bitcoin will lose its potential that it have today in the world market.so its better that it dont have to centralized.

Decentralization is what makes Bitcoin a Bitcoin...meaning it is the heart and soul of the whole thing and if you take away that from Bitcoin then it is quite possible that you let it slowly die as there would then just be another payment facility system. Taking away decentralization means someone or a group of people would be controlling Bitcoin and that alone can make Bitcoin not anymore the Bitcoin we know.

if bitcoin were centralized or someday become centralized then it will be the death of it. it may not exactly die and disappear but i am sure that most people will leave it behind and move on to the next best thing that remains decentralized. it can even be litecoin which is very similar and still decentralized.

one of the reasons people are interested in bitcoin is the decentralization.

Centralized bitcoin is not what we want, if so we have our other currencies, people invest in it due to its opposite behavior they want it because it give them ease that physical currencies cannot. So it will stay like this for the betterment of investor and for the betterment of people, if it get centralized investors will take off their money from it and it will be like paper money.

If that should happen, then its going to happen now in which its not going to go well because alot of people have come to understand how the whole chain works with several development which have even contested the dominance of bitcoin in terms of anonymity and other factors. It then means if that should happen, it gives way for migration to other platform. One key reason why bitcoin is generally accepted is because of the fact that no one can lay claim on how its distributed unlike Central Banks controlling the flow of money in the economy.

If that key characteristics is taken away, then there is really no need to avoid fiat in the first instance. Lets hope it doesnt get to that.

Bitcoin would never be the same as it is now, the decentralized characteristic of bitcoin made it more popular and attractive. The growth of bitcoin price and community( number of users) will be low as compared to now if it would happen.

It would crash. One of its biggest selling points is that it's decentralized. If people caught wind of some group holding enough coins to control the market, they would likely panic sell, causing its value to plummet. It might as well be dead then. This is never going to happen, thankfully.

there may be congestion and it is difficult to get this low priced and unpopular pricing project is very sad >:(

I don't think this will be possible. But if it happens then that will be the fall of btc

2x was called off by 6 people. Something to think about. If it had taken over bitcoin would be centralized.
Luckely it didn't happen. Well it never had a chance, but we must always be on the lookout for take over attempts like that

It wont work because that will end the reign of cryptocurrency

They numerous administrations can meddle in light of the fact that unified things are dependably in a control so it will be not that much good and the cost of bitcoin will never reach to that level so it's better that bitcoin is decentralized and everybody is getting a charge out of opportunity of bitcoin.

well many will withdraw their investments and the value of bitcoin will surely drop if that happen.

In my personal views, if Bitcoins would have been centralised then:-

• the Value would become stable or less fluctuating than it was .
• teh security would then be lower in panel than earlier one because in decentralised way their is no main unit to hack in and mess up with data , but if we centralise bitcoins the hackers would only have e to focus on a single unit.

but it is highly unlikely anyone can manipulate the code from bitcoin. this may take a very long time to be able to study it ,, and surely if this is the case maybe bitcoin will be very critical at an indefinable time, but I hope it never happens, even if in a long time vulnerable

First of all, how Bitcoin will become centralized when government cannot track your transactions. Bitcoin is made in such a way so that users can send money without the need of a centralized system and if somehow it becomes centralized which is not possible according to me then also people may continue to use further there will be less effect on its value as then it will be widely accepted by people as government will allow its usage under centralized system.

Now many investors believe that bitcoin is a centralized coin. Why? Because China has too much influence on this coin and miners. They manage the market. This suggests that bitcoin is not as unmanageable as we think

If Bitcoin was centralized it wouldn't be where it was today. All the previous forms of money were centralized and this is what lead to it's downfall. If it can be tampered in any way by a group of people or a group of private organizations, then it can not be the world's reserve currency as it is not sound money. Gold is the closest thing, but we mine more and more of that every year.

The reason behind such rise in bitcoins price/popularity is only because of its features, Decentralised nature, peer to peer exchange, less transaction fee ant less transaction time, strong security system blockchain. Centralised system is controlled by a person or an authority. They can manipulate or bend the rules as per their requirements. Bitcoin is a decentralised currency its price is determined by flow of demand and supply, no one can control it. Many countries are trying to bring btcoin under their regulations by giving reasons that bitcoin is a threat to economy. If they get successes then bitcoin will lose its charm as well as popularity.

let see the process how he/she will control it
first he must buy bitcoin in the market, it will pump the price
then only few people will use it maybe will make no demand anymore
my conclusion this question is just joke.

It had a chance. Don't forget that it was set up to fork months ago and the pressure against it wasn't big enough during those months to make them give up. If people were standing strong against it the price wouldn't go up like it did before the expected fork. Now they recalled it and we got ourselves a correction, so the news increased the uncertainty of the market. At least that's how I see it.

If bitcoin were centralized then it will be like bitcoin cash, the interest of bitcoin others than technology it's to be censorship resistant and decentralized.

Completely agree with first 2 sentences but I don't understand how that doesn't mean Bitcoin is centralized. What definition of centralized are folks using here ?

cen·tral·ize
ˈsentrəˌlīz/Submit
verb
past tense: centralized; past participle: centralized
concentrate (control of an activity or organization) under a single authority.

If bitcoin gets centralized,then a particular group would try to rule bitcoin.They would implement frequent changes in the network for their benefits.People would lose faith in bitcoin and would leave the network.bitcoin would no more remain a unique coin.It would just turn in to an altcoin.Very soon,its price would crash and bankers would start enjoying the end of bitcoin.But,thanks to satoshi,it was created as a decentralized currency.

Bitcoin not be as good and popular as it. Even its value may not be above $500 if bitcoin is centralized. The value that occurs now is purely without any party influence or control and this is the advantage of bitcoin.

I think a time will come that bitcoin will be centralized because bitcoin is almost in many countries and bitcoin proof to world that its very stable and powerful currency so as some countries have make bitcoin legal so I think it’s a very safe way for bitcoin to make bitcoin centralized and once if it became centralized it will be on the top of all currency.

if there are people who control it then maybe our bitcoin will be lost or stolen. from the information I know the bitcoin is run by sophisticated technology, the stand-alone bitcoin no one controls it.

If bitcoin will be centralized, the idea of inventing bitcoin will be a waste because bitcoin was discovered or I might say invented for the concept of decentralized. There will be a middleman which is the government that will put their presence by adding transaction fee instead of having the exact amount of the product and/or services you want to avail... The idea of bitcoin is to have the trading by peer-to-peer and there will be no other to act as middleman.

Bitcoin was born decentralized and will remain same, no one can centralize bitcoin for its anonymity and decentralized characteristic.

maybe there will be a restriction for bitcoin and history repeat itself they will control the monetary system. poor people get poorer while richer get richer because of paying taxes and hidden money agenda.

If we were subjected to a centralised system for Bitcoin we would see nation states look to tax all Bitcoin holding with national insurance payments etc... We really need to make sure BTC is nicely spread across multiple states so the accumulation or monopoly of these digital coins doesn't just fall into a few select governments / banks hands.

Why people are demanding its centralization aren’t they satisfied with so much high profit and one thing is sure if bitcoin become centralized this coin will be like cash money having stable price, no volatility will lead to the limited profit whereas decentralization leads to the so much high profit and it is very good that btc is totally depending on the user demands and this is the best thing so far for me to earn and spend.

If and only if bitcoin is centralized, I’ll accept it and take advantage of it because sometimes the good things with this is much adaptation to and in our community inside the society where living. And regulating cryptocurrency is a must obviously as the scamming came handy and most new investors are being victimized by this people. The control should be not only by the government but by both and the people must have a say to it.

Bitcoin has the feature of being decentralized so don't even think that bitcoin will be controlled or be centralized because I don't see any reasons why bitcoin will be centralized. No one can control bitcoin and that is forever. :D

It is the main benefit of the bitcoin decentralization that the use and the profit is getting high because of it now the bitcoin is getting wide and a lot of the people are having the bitcoin at the very low price and the value now I know how fast the bitcoin price is increasing and I know the bitcoin will increase more and more with the time so the decentralization of the bitcoin is very important for the increasing value of the bitcoin.

They numerous administrations can meddle in light of the fact that unified things are dependably in a control so it will be not that much good and the cost of bitcoin will never reach to that level so it's better that bitcoin is decentralized and everybody is getting a charge out of opportunity of bitcoin

Well if thats the case , I think it will be the same as the other Jobs, theres no way for us to invest and be profitable that we can be today if bitcoin was centralized . The idea of profit will be distributed for those who can afford bitcoin well if bitcoin is centralized expect for the long term procedures, taxes , identity related procedures and many more , this will be limited for those who can afford and the limitation is for those people, students and beginners may happened.

If it is happened, bitcoin value may decrease and many investors may lose money. Because people choose bitcoin because of decentralization. Centralization is out of nature of bitcoin. In the future the governments may do it. We can not know.

I am also strongly in favor of bitcoin to remain decentralized. The centralization of bitcoin is going to badly disturb bitcoin market. People are attracted towards bitcoin just because of its tendency to increase in price over small time which is not possible when bitcoin would be controlled by some person or government. Bitcoin is public currency and it should remain as it was made by its creator.

Whole point of bitcoin is to eliminate the middle man, but if it were the case it would be a less interesting project as the centralized party.. I like bitcoin since it has that anonymity factor and decentralization makes it way more secure and reliable : )

Bitcoins would be taxed so bad. Transaction fees would be ridiculously high. Supply and demand of bitcoins are very controlled and limited in movement. Prices of bitcoins would be stable. People would actually stop investing in bitcoins and start investing in other coins.

If that entity for example is the Government then we will see lots of corruption coming from that and if that happens then value will drop and Bitcoin may die in the long run. Bitcoin price today became like this because no one is controlling it even satoshi nakomoto isn't controlling Bitcoin, all depends on the blockchain itself.

if bitcoin becomes centralized, many people will refuse it, I'm sure...it will cease to bear such a value and cause such interest...in principle, the whole essence of bitcoin will lost

If bitcoin were centralized then it will be like bitcoin cash, the interest of bitcoin others than technology it's to be censorship resistant and decentralized.

Well, bitcoin is mostly framed to be the decentralized.

If Bitcoin was centralized then it would honestly be just another currency as it is susceptible to single point of failure attacks as well as inflation of money supply from the centralized group that controls it

Bitcoin decentralised that means no bank or government controls or regulates it, or even facilitates its transfer. It is transferred person-to-person. If bitcoin becomes centralized there is going to be more of rules and regulations involved and government involvment in the working and trading and owning of bitcoins.

Bitcoin will not be as famous as it be right now if it is centralized. One of bitcoin's amazing feature is that no one can control it.

I have to agree with this. The uniqueness of bitcoin is what makes its worth.

One of best features bitcoin has is being a decentralized system. If it is centralized, it will not be as popular as it is today.

Then, its just like going to be another currency like we have right now. A currency that is under the government's control, in care to a so called 'bank'. I mean the exchange here, is definitely controllable. And most likely the value won't change that much even if it takes five to ten years of process.

But on the other hand, if some selected people have gained control over it, they wouldn't make Bitcoin as 'broke' as the current currencies that we have right now. I mean, its a game changer, although its centralized, still these people will surely make Bitcoin better.

If Bitcoin was centralized then I guess it would have ups and downs with the currency, if bitcoin was centralized I think that the economy would be shaped very differently, maybe jobs would be different, I think that bitcoin also has a greater chance of making the economy improve higher and better, because of bitcoin things would be very different, and lastly bitcoin can be very essential, and has the power to shape the economy of one's country.  

maybe if this feature would be change or didn't exist bitcoin won't be supported like this, as many investors love taking some risk and hide
their investment, decentralized makes big players to invest as they knew that system can't be controlled by one party.

It would be nice if there was a centralized service for micropayments in bitcoin so that they could be used to pay for purchases. However, bitcoin itself cannot be centralized.

As we know that bitcoin is decentralized so we to think for a while if bitcoin can achieved such a big goals with decentralizing so if bitcoin become centralized I think bitcoin will bring revaluation in world there are a lot of gates will be open to bitcoin which are still closed for bitcoin first of all every country will start to join bitcoin all banks will also accept bitcoin and its price will be I have no idea where it will be because bitcoin need only little support from countries and the rest of bitcoin know how to take its price high.

It seems to be impossible but if Bitcoin would have been centralized there must have been some regulations imposed on it's use.All the transactions would have been under the supervision of government.No more anonymity would have been there in the transactions.No more of usage of Bitcoin in dark web would have been there.

Then it wouldn't be 'bitcoin'. Here is many other options; dollar, euro ext.

I could say that,  the trend of bitcoin it won't be like this.  I mean,  not as fast as it grows just like what is happening to bitcoin right now.  And think also that,  it only have less vulnerable for price fluctuations.  Though it have controlled by someone, but it doesn't  mean that they can totally controlled everything on bitcoin.  Because bitcoin is still dependable on the flow and the market supply and demand just like the other forms of investment.

Then it would really change its use.The people was using it because it is decentralized in the first place it will not be a bitcoin again if the transactions that you have made will be recorded.It will also loose its current value and may come to worse which is zero.

I think it will not come to that, because why. It is a virtual currency, thanks to which payments are made very efficiently and quickly, and most importantly safe. It is rather unnecessary and impossible phenomenon.

Yes, bitcoin is difficult to make centralized and tied to a certain state. It even seems to me that this is impossible. The BTC was created in order to be one-off from the government.

Actually, I was discussing this issue with someone lately. I was also thinking no, thats not possible, but he kind of got me thinking... this might be the only way for Bitcoin to survive in the future, because if there is no control and interference by the governments at all it would be likely that they prohibit Bitcoin globally and that the Bitcoin value therefore would drop hard. We were discussing this because he thinks that BTC cant be decentralized forever.

It's likely that the value will fall and people will no longer have the interest to invest in it. Because we know that it will also lose its meaning. Why do we invest in bitcoins? Because of the increase in its price and we have invested money. So if it becomes centralized you can manipulate its price and become a Shitcoins.

Exactly my point of view also. That wouldn't be even be called Bitcoin, it is all about decentralization.

It seems there is someone who will control Bitcoin.

There will be massive corruption. The bitcoin economy will  fall because the demands will be in an abysmal pit.

satoshi start bitcoin to make it uncontrolled so if someone control bitcoin ,bitcoin will die.

you need to have more than 50% which no one can pay it

Personally, I think bitcoin being centralized has advantages and disadvantages. The good effect is that something will take control of the system. It would be of a great help for someone to organize bitcoin. It will be more organized and managed appropriately. However, bitcoin being centralized can give the power to that person to control everything and use it for crime or anything like that. It will depend on the person holding or taking care of the system which way it will go.

First you have to clear yourself that bitcoin's concept is independent currency which should not control by any single company or any government. Cryptocurrency is the only currency which give this world's people to live without any pressure and fees to be imposed on them.

So I strongly believe bitcoin wont be centralized and will not controlled by anybody.

If Bitcoin was centralized then there wouldn't be that many people wanting to use it, that will break Bitcoin since it won't get spent.

the whole point would be lost) it would not be bitcoin! you would never know about him! he has the greatest decentralization

When the total concept of Bitcoin is the De-Centralization, what makes you think that Bitcoin could ever be Centralized?

If bitcoin will be centralized, the idea of inventing bitcoin will be a waste because bitcoin was discovered or I might say invented for the concept of decentralized. There will be a middleman which is the government that will put their presence by adding transaction fee instead of having the exact amount of the product and/or services you want to avail... The idea of bitcoin is to have the trading by peer-to-peer and there will be no other to act as middleman.

If bitcoin was centralized then it will also have the same properties of fiat currency so people will lose interest on bitcoin and it the value of bitcoin will fall soon after it was centralized.
But you know,no one can take control of this bitcoin so it can never be centralized so bitcoin will be bitcoin always. 8)

It is not possible for bitcoin to be centralized because the idea behind bitcoin is to created a free currency not under the control of any one. But let say if that happen and bitcoin is centralized you will Biggin to see policies and programs that the authority will come up with that alone will be the point bitcoin will start failing in everything.

Firstly bit is not possible to centralization of bitcoin. And in case if it happen then bitcoin market will crash, all transactions wiil be taxable, governments of different countries try to control over it by there way and mining, payment syste, trading and investment of bitcoin controlled by every government by there regulations.

one of the first founding ideas about bitcoin was to be decentralized but i like your idea but not about bitcoin itself i mean what if we could make a good use of this technology by creating a money which has no physical form just like crypto currency work i think it will be better than fiat currencies more efficient and that's what i hope it will happen 

Then bitcoins would be controlled. The prices of each bitcoin won't reach economical heights and won't be as profitable as compared to today's profits from bitcoins. However, bitcoin prices will be made more stable by anyone controlling it. The rate of how much bitcoins go out will be very skimp and bitcoins coming in will be controlled as well.

if bitcoin would be centralized then I think that its prices would not be higher on what t is now and it would be regulated by the cou tries and major governments around the world. PLus it would have a much kore significant value than what it is now i think

With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

I think if bitcoin is already centralized then it will be taxed ownership, by the government in our country ...

It is not good, it will makes bitcoin is just the same with fiat. There is will no special thing except bitcoin is digital currency and people will not use it as investment. Centralization is not always good.

Correct, for now in my sight the advantages of being centralized of this coin are they used in every nation with legalization and it was possibly used as cash in any part of the world. They move smoothly in the community since the bitcoin and other cryptocurrencies are legal. However the bad effect of centralization of the coin is taxes imposed by the government, additionally they were need to followed regarding money policy of each country.

Something which suggests the currency has become centralized in many ways. Far more than some other coins, like ethereum, where soft-fork upgrades are not possible due to attack vectors, leaving hard-forks as the only option.

For me bitcoin would not be as famous as it now if that happens. Users choose bitcoin because of this one important features and it is the main reason for its high volatility that attracts investors and also gamblers.

If btc somehow turns to be centralized is because someone owns at least the 51% of the coins in the market, and I don't see it happening any time soon.

The first decentralized currency is soon to implement a contentious upgrade which fundamentally changes its direction from bitcoin cash to a bitcoin settlement network. A decision that may have ramifications for decades to come or it may amount to a storm in a tea cup. but does the way such decision was made suggest bitcoin has become centralized in the hands of a few people.

As long as you have fifty-one percent of the currency, then you can control the currency market, but for now, want to control fifty-one percent of the currency is almost impossible, is a huge asset.

Bitcoin created for the purpose of decentralization and I believe bitcoin will never be centralized. If this thing happen then the price of bitcoin will dump for sure, some altcoins are centralized and look who control the price of it.

Bitcoin currently has a centralized system, perhaps what is meant is how to make Bitcoin more reliable so that all components and sectors of the world can trust the use of Bitcoin. we are all an important part in the development of Bitcoin, the more we often use Bitcoin then the faster Bitcoin can develop. Everything about the future of Bitcoin is something that we must strive with all our might.

If it ever happens that someone would be able to take control of it then we should expect that bitcoin will be tax and its value would go lower from its current value right now. But I think if is being tax, only those owner of wallets in websites and application will be tax and the mining sites etc. because if they add tax to user it would be crazy having transaction fees and tax at the same time.

it will become a difficult for us. and i think because bitcoin is made for decentralization. and if will this happen for me people will not make any investment because they don't want any manipulating specially bitcoin price. also if this will happen then we get ready for tax.

If that was happen i  think its good, because bitcoin will more popular in many people around the world. There are many store that accept bitcoin and it is a good effect on the bitcoin. but for us, i think bitcoin will having a tax and the price will fix.

On paper it is decentralized, de facto many argue it has became centralized because it is in the hands of a few people.
There is a community behind deciding (think about the forks, Segwit, etc.).

I think that certain people are asking the pace for it, but it can't become centralized in the general sense of the term

Yes I do agree, it would make totally no sense if it was centralized for good, officially, with everything it implies to the users.

i wont igree with you, cause it could be only like illusion, but you don't know all aspects of that system.  Blockchain, in my opinion is centralized. I'm pretty sure that we don't know something about blockchain.

in fact it is an expression that is contrary to the nature of bitcoin.
if indeed the bitcoin centered, then .. bitcoin will not be much in interest as it is now.
because what makes bitcoin special is its non-centralized nature.

There are a lot of bitcoin holders, and i think it is not possible to monopolize the bitcoin industry. The One that can only take control of bitcoin is the government but just in a particular place or country.

     If bitcoin become centralized there is no freedom ,there is a limitation for all the users and investors and ofcourse there is an implementation of bicoin tax. If it will happen maybe the price has also a limit,it will not increase like what the price now. The goverment will control the bitcoin.

Ah, yes, one of the arguments that a settlement network erodes the fundamental principles of Bitcoin. But really, is this going to change Bitcoin into a centralised currency? Remember, with every upgrade, consensus is still necessary, and that concept of decentralisation still clearly will and always will take charge. The decision ultimately does not rest in the hands of a few. I know if you pick out individual traits, individual circumstances, without the necessary context, then it becomes quite easy to argue that centralization has crept into the network. But I wonder if we have begun to confuse decentralisation with anarchy? And if we have, who said there isn't anarchy in Bitcoin?

Had it been that bitcoin was centralized, then it will not for once be popular. In fact, it would have disappeared by now. Bitcoin's strength lies in the decentralization.

One should be talking about strengthening its decentralization and not centralization.

Once that came, then we will start paying taxes and government will control once again by creating rules as per their wishes

   Nothing good may happens if someone reveal hi is controlling bitcoin. People love bitcoin because they beleive it is decentralazed, they tired from banks and state attention

At the time that is happening, bitcoin will eventually die
The concept of bitcoin is decentralized transaction, without it bitcoin will lose its value it initially hold from the start
But knowing minority is controlling majority of bitcoin is already terrifying, they can shake and manipulate the price whenever the want :-\

Centralized was not essential of Bitcoin it self, it creates to break of a saturated economy system that only makes the capitalist group richer and the commoner bound by rules that make it difficult to get rich. That's why many people over the world going to learn it and buying for investing. 'But if' in somehow Bitcoin become centralized means controlled by company, this would be step back from our dream to control our bank money by self.

This is not a simple task. It is almost impossible but if it begins there will be occurred a big change at cryptocurrency. Why does people use bitcoin? They doesn’t need to pay any extra taxes by using bitcoin but if bitcoin centralized then they has to pay the taxes to the government of their incoming amount.
Now we can invest the amount into bitcoin with hide our biological information but if it centralized then we have to submit our full information to the government. Then people will leave from here and will choose another system, so bitcoin will lose that’s position but it is so much impossible

Supply and demand is controlled. Just like capitalism. Everything is controlled for the sake of profiteering. Bitcoins will now taxed the same way as money. The one who is in control of bitcoins will regulate everything from the very bitcoin we receive and give to other people.

will be very bad version of bank system which users not have full control of them accounts.

bitcoin is better now fee and can’t stopped

someone like privat persons? - i would manipulate the market )

If bitcoin was centralized it would be a little better I think,
reason why is you can file complain on the organization that control bitcoin
to lower their cost on the transaction fees.

If bitcoin becomes a centralized system, automatically the demand for the same gets declined. Because this will start functioning same as the banking services. The uniqueness will be lost. In reality such a situation won't exist making bitcoin to be a centralized asset same as gold and stocks.

Hello ) Then it will be as traditional bank I am not sure about bitcoin on 100% I think he have some "controllers". Answer on your question then it will be usual think and traditional things.

if bitcoin was centralized then i guess it would have ups and down along along in the midst of the currency, if bitcoin was centralized i think that the economy would be shaped utterly differently, may be jobs would be exchange, i think that bitcoin along with has greater inadvertent of making the economy adjoin difficult and improved, because of bitcoin things would be utterly osscillate, and lastly bitcoin can be enormously valuable, and has the high flier to badly be poorly the economy of one's country.

Yeah you are right and I also do not agree if bitcoin become centralized because now everyone can invest in bitcoin freely and then some people will dominate bitcoin network and it is not good. Then many people will withdraw their investment and the first will be me because I don’t like centralization of bitcoin at any cost. I want a free business and not the one which is hold by some people.

One unique characteristic of Bitcoin is that it is decentralized. So, if time comes and someone will be controlling it, then it will lose its purpose. It will end up being the same with our current currency.

my response may be the bitcoin price will be unstable at the time it happens but i hope this will never happen ...

If bitcoin was centralized it will not reach its price today. The reason bitcoin becomes in-demand is because it is decentralized. Once it centralized, the people will turnover their investments before it is too late for them.

I think it won't be as much as popular as it is now. Its decentralization is what makes it unique. Governments are not able to put tax on every transaction because of its blockchain technology and characteristic of being decentralized. But if it will be, I think it will be more secured the only thing that I am not sure if it will be still interesting.

I agree, decentralization is what makes bitcoin interesting...if it becomes centralized, many won't want to use it and for sure it will not be able to grow like that anymore, because it will be even more controlled

It would rid of the attributes of bitcoin that gives the appeal. Added taxes, more charges, and the control will make this restrictive. That will cause the disinterest of the people.

I think there would be less users and it will not be patronized that much if ever the owner or the handler is corrupt and it will cause trouble for sure knowing that most of the investors want fair profits. Time will surely come if ever bitcoin is centralized where every transactions made is taxed and exchange fees will surely be higher because they would take the opportunity to earn more through bitcoin.

If bitcoin became centralized it will be just like state currency. State will regulate it. Can be collect taxes from that bitcoin. I think if bitcoin became centralized its economy will be crashed. No one can use it. It will be not more profitable because of its huge paying taxes and other a lot reason. It will effect bitcoin economy more. It will simply crashed the bitcoin economy unstable it. Bitcoin will be fall soon if it became centralized.

It seems to be impossible but if Bitcoin would have been centralized there must have been some regulations imposed on its use.All the transactions would have been under the supervision of the government. No more anonymity would have been there in the transactions.

I think bitcoin prices will not be this high right now, most users like decentralized bitcoins and that's what keeps the bitcoin demand going up every year. If bitcoin is controlled by either a person or a government, bitcoin will become stable and only draw on the peer-to-peer sophistication is not even different from the bank.

I think even now it being centralized but not by a single person or any private holders. If this could happen, then there would be a massive change and a big impact to the whole economy of bitcoin. The value of it could have boundaries. They could imploy not to take a huge amount of it. But for somehow they could simply protect it and lengthen the possibility of losing bitcoin. Then, making bitcoi  centralized could give a disadvantage and somehow advantage on it.

Well if bitcoin has centralized system I think it will not supported by people and the value of bitcoin is not the same as now so its not profitable anymore no one can get benefit and probably the one who can get benefit is the one who control bitcoin. It will also lead to corruption because there are always corrupt official in the government the fact that system become centralized I'm sure they put tax on it.

Decentralization is one of the fundamental unique features of bitcoin. No bitcoiners can even wild dreams think of bitcoin being controlled by someone or some community. Bitcoin is a public currency and public should control it. Decentralized nature has given people a big relief and has developed their trust into bitcoin. As you said, centralization will decrease the popularity of bitcoin significantly.

Control on bitcoin is just imaginary because it is impossible to be controlled by someone and this feature of bitcoin is extremely attractive. We are free to enjoy bitcoin business without any restriction/hurdle by a single click on computer.

I think, suppose, if it came into control and policies draw for bitcoin in light of economic rules and regulations, then most probably shut downing of bitcoin will become start and people will withdraw all of their amount from bitcoin business but nothing of the kind is going to happen because bitcoin would be forever decentralized digital currency across the world.

This is not a very simple task anyway. If it begins there will be occurred a big change at cryptocurrency though it is almost impossible.
why are people using bitcoin? By using bitcoin they don't need to pay the taxes to the government but they have to pay the taxes of their incoming amount if bitcoin centralized.

If it centralized then we have to submit our full information to the government but though we can invest the amount into bitcoin with hiding our biological information. Bitcoin will lose that's position because people will leave from here and will choose another system like PayPal or anything but it is so much impossible.

There will be a regulations and policies and governments will control bitcoin transactions. they will put taxes and big fees in any exchanges. GOod thing bitcoin is decentralized

Then, it won't even reached a hundred dollar value, I guess. ^^

Everyone knows that bitcoin is decentralized and still it’s very going fast and now its unstoppable the way it’s going forward and going to achieve its goals and targets so it must be appreciated because bitcoin is the only currency which is decentralized but still it’s become very popular and strong in market and day by day countries are going to make it legal so if it became centralized so I think bitcoin can be an international currency.

then its useless.. like the usual money

Single point of failure

Still many men spend their money on those girls thinking they could.
The only laughing is the girl that puts their money in her pockets.

What if the purpose of Bitcoin was all a hoax, a lie.
Just like Internet being 'Free' we now have the end of Net Neutrality

bitcoin being decentralized cryptocurry i think is hard to control using virtual digital currency, but not possible to control bitcoin in the near fututre because people continue to study how to increase the talent to the new technology advamce searching.

Bitcoin is preferable if there are many who trust and own it. I'm not saying that many fear invest in bitcoin. The first decentralized currency is soon to implement a contentious upgrade which fundamentally changes its direction from bitcoin cash to a bitcoin settlement network.

It would become completely different crypto currency,we all know that bitcoin decentralization is one of its nature that make it more useful for every individual.Sending money fast from one person to another anonymously without the use of banks and  without the control of the government.Letting some third party to take over bitcoin will just cause hassle and it will also let the user of it to pay taxes.But i think this would not happen,bitcoin will always be decentralized.

That’s true! It would not have been reached this level because of being centralized. Governments are all the time looking for their profits in latest technologies.

Centralized bitcoin would have been limited to certain class and there had been cases of corruption in this currency as well. It is loved by people because everyone owns it. No one can stop others from using it or can claim it as his or her property.

If government handle the bitcoin,we have pay more taxes and transaction charges also.i don't want bitcoin is centralized.

If bitcoin was centralized from start, i think he can beat max price 1 usd
Something like webmoney system

If it would happen it would mean the force has lost against the dark side. However the force will always be stronger than the dark side. 8)

  Decentralization is the single most important characteristic of Bitcoin. It is the core property of the network on which its entire value is based, regardless of whether you measure that value in economic or social terms. This is what Bitcoin is: a decentralized currency. Everything else, every other property or feature, every other advantage that it can offer, is fed by this singular beating heart.

But decentralization is not a simple black and white thing. It is not a simple matter of a tick or cross in a box as to whether Bitcoin is decentralized or not. There are varying degrees of centralization and decentralization. Crucially, it is important to recognize that Bitcoin is not entirely decentralized, and that the degree to which it is can vary over time and be influenced by a wide range of different factors.

If Bitcoin were centralized, then it would have been no different than Fiat where it's being manipulated by a small group of rich people. Bitcoin is what it is today because it is decentralized. Without decentralize, it will not make any sense investing in it.

I don't think it will happen since bitcoin is not under government control because of its blockchain system, and if it will be centralized it does not differ to eth then. Decentralize is one of the features of bitcoin.

I think it wil never happen because bitcoin is a natural decentralize its more good if bitcoin is decentralized we expect that bitcoin will value will increase more if bitcoin reached the limited supply and if it happens decentralized is much better because bitcoin price will become more strong.

If bitcoin will be centralized, it will be limited for us to take the day to day transactions and as it is manipulated from a group or a person. But, I don’t think it will heppen because bitcoin is decentralized crypto currency and it increased its value and free from hacked unlike other currencies.

If this happens, the centralization of bitcoin will immediately cause the collapse of the price of bitcoin, then the collapse of the bitcoin community. After so many years of experience, we know it's hard to do it, and even the early bitcoin miners can't do it together.

Once bitcoin becomes centralized it will only be meant for the elites alone. They will make it in a way that only few will be able to afford it.

Recently there are many whales have more than 51% of bitcoin circulating amd they keep in touch so they can take control of bitcoin market and bitcoin market can go depending on their thought.
I think thats not the control that op asking, i think become centralized its not good ifea if they can make new supply of bitcoin.

If bitcoin was centralized right from the beginning of its creation  it will not be used like it is used now because it will not be different from fiat currency and it will also not be possible to mint it. People are in crypto currencies because they are not control by any one by definition but in the real sense we have the big whales that control and pump and dump coins to an extent.

if bitcoin is controlled by a person or group then bitcoin will be used for their benefit, what if the bitcoin control is a criminal? so bitcoin will be destroyed and criminals are getting harder to deal with.

We should be more thankful that bitcoin was not centralized because if its centralized then theres no bitcoin right now. This technology is great and this is why it is still on its level, and hopefully bitcoin will never be centralized.

Even though most investors claim that one of the reasons why they invest into bitcoins is because it is decentralized, I think that even when it’s centralized and controlled by someone, people are still going to invest because they are going to get some really good profits out of it.

What do you mean take control of it? Theoretically if someone has more than 50% of the hashing power in the network it can attack the network and double spend, but this is very unlikely because that would instantly result in a collapse of the whole network. People will lose faith on BTC and stop using it. Currently, people with hash power earn money only if the network is live and people believe in it, so they have no incentive whatsoever to do such an attack.

I like bitcoin because it is decentralized but when the time comes that somebody will be controlling the flow of bitcoin,  I will not continue my investment anymore.

But definitely nobody can control because because it is decentralized.

If it were a centralized currency then Bitcoin would be a usual money for sure, the price of Bitcoin wouldn't increase at this rate. then people didn't respond as like they are doing it now. I think the main reason for becoming popular Bitcoin is the high price so that without it the profit wouldn't bring. from my perception is that centralized system is not match up of the cryptocurrency system.

It would be similar to USD,  or if it would be semi-centralized, it would be similar to ripple.  I think it would lost its whole idea and would be another digital currency.

if its centralized of course all bitcoin holders have to pay taxes haha, to the one who controls and secure our bitcoin, and its easy to hack, because he/she can see our bitcoin balances, and if it reaches high enough for him/her , he/she will hack your account and get all your bitcoins inside your wallet, correct me if im wrong haha

I think if bitcoin would be centralized we would not see such prices as now and we would have to pay taxes to the government from this earnings.

Centralization will not affect bitcoin investors as long as the prices keep increasing the way they do now.

Bitcoin if is not going to lose volatility after becoming centralized, I don’t think so anyone will be having any kind of objection. Well, I am personally not in favor of centralization of bitcoin because then we will have to pay taxes. Bitcoin’s decentralized nature has very big impact on the mentalities of the investors.

If bitcoin centralization certainly will not make people interested and want to buy bitcoin in large quantities, this will make the user prefer paypal because it is supported by many banks.

One of the strongest points of Bitcoin lies in its decentralisation and it's the main reason we're seeing even governments that earlier on attempted to ban Bitcoin, turning around to look for ways to instead regulate it. Take that away from Bitcoin, the governments would be the first to pounce and strangulate Bitcoin  because it remains a fundamental threat to their terminally ill local currencies.

No one is in control of bitcoin at the moment, in fact, if bcash was more strong, and if it replaced bitcoin, we would be living a centralized era about bitcoin at the moment.

Because that is it, it was going to be centralized if Roger Ver could take the control.

If someone can concentrate in one's hands 51% of the production of bitcoin. He probably will be able to counter this currency. This is a gain only for quantum computers, and then soon after a couple of decades

I don't think bcash can overtake bitcoin and we will enjoy the decentralized structure of bitcoin next years as well. We don't want to see names in bitcoin world, we want to see development only. It should stay anonymous without identities.

We have seen the effects of centralisation already and we do experience that in our daily life which is via fiat currency. The day to day use simple and we don't see much fluctuation in the fiat. The one dollar bill can get you premium chocolate today and same one dollar bill can get you premium chocolate after two months or even after a year. This is stability and our dollar bill stays dollar ever. You save it but it doesn't grow in the value and neither it could make you rich.

This all is because of centralised nature of it where there are many many limiting factor for it and regulations can change it and nothing else. That would have been effect on the bitcoin too and we would have never seen so much spike in it and neither we could have earned any profits from it.

i think if bitcoin become centralized then it will be just like any other currencies on the world, it will have not thing special, be controlled by company, i can sure no investors will invest in bitcoin anymore, and bitcoin will die very quick.

Being controlled by someone or some company will make people think twice before entering or investing. So if bitcoin is centralised, then the price now should be 100x or 1000x lower than now.

Basically, things will be based online. Every transaction will be done virtually it might lose the human touch but, in terms of efficiency, it is better.

"What if bitcoin is centralized"? Though it will allow network users (node) to be free from certain difficulty encounter in the mining process of 'blockchain', a technology in which bitcoin as a digital currency is built on. but for a centralized system transactions are easily accessed, no consensus in decision making, this is limited only to the central body. but for bitcoin as a cryptocurrency to survive it cannot be on centralized system, because sustainable value is what everyone hope in the digital asset.

Or no price at all. If it continued to become a thing, even though it is centralized, people are going to eventually adopt to it. They are just going to accept the fact that it is centralized just like how we accept the fact that Satoshi is hidden and might have the ability to take sell so much bitcoins in different exchanges simultaneously. Bitcoin is still centralized in small parts. Like it is centralized in a way that there's a corporation that owns the funds that you have deposited in an online wallet. Same goes for gambling sites, exchanges, etc. Basically everything that allows you to deposit on a certain website.

If bitcoin was centralized and it was known to people, it's only a matter of time before someone starts to recreate the whole thing but it will function in a decentralized way. So the spotlight would easily be taken away from the previous invention. Plus, the whole reason why people are into bitcoin is because it's giving us the freedom from the government that we wanted ever since.

Bitcoin was not centralized but it would become with such feature. And it would become a tragedy of freedom and wide opportunities that Bitcoin presented us years ago. I believe that those technical improvements of Bitcoin will not become critical.

How can you be so sure, first of all, Bitcoin hasn't been mined entirely, meaning even if that person is holding a large number of Bitcoin in his wallet(s), he's still not the major holder of Bitcoin.

How can Bitcoin Cash be more stronger than Bitcoin if as of now average to more companies are now accepting Bitcoin as their medium, and has been using for their transaction, its hard for it to break right now.

I think that's close to the truth because many currencies that are controlled by the government or other big companies - aren't as popular as bitcoin.

As said, 51% attack would be considered as a centralization of Bitcoin and it would be none other than a foolish *successful* attempt of suicide. Since, Bitcoin network is huge in terms of volume and you will need huge amount of money in order to take the control of it (still it is near to impossible). Even after taking the control and executing your first double spend, it would make Bitcoin useless within an hour so you will lose entire money and time you invested in doing it considering the market demand.

Bitcoin centralizatoon goes through a lot of talk and time. People or bitcoin users to tend to panic because of this craze. But after all, here we are, and bitcoin is still not centralised by any sort of public or private investors. Though there are lots of government who almost wanted to have a control on bitcoin. But I believe, as long as we fight for what's good for bitcoin, things would go the good way majority wants to.

If bitcoin can be controlled by the government it will be stabilize but it couldn't make you rich at all. Since, the value is stable it can't raise suddenly as high as it is now.  We can still earn profit but not as much as it is now.

Then it would be like any other currency. Somewhat stable and won't be as valuable as the decentralized one. Earning one wouldn't be so special since it's like working overseas to gain money(other currency than from where you were) but the main difference is you need not to move to another place to earn.