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Bitcoin => Bitcoin Discussion => Topic started by: udayantha11 on March 05, 2018, 03:38:30 AM



Title: will be Bitcoin centralized ?
Post by: udayantha11 on March 05, 2018, 03:38:30 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?


Title: Re: will be Bitcoin centralized ?
Post by: ballerin and giroud on March 05, 2018, 04:37:35 AM
It will never happen if bitcoin system becomes centralized, I think bitcoin is made for a resistance to decentralized system, such as banks and so on. Regulated or not, prohibited or not by government bitcoin users will still exist, because it will be difficult for government to ban bitcoin until the users of bitcoin no longer in the country. It's a system of technology or even more using internet sistem that everyone can outsmart to use it.


Title: Re: will be Bitcoin centralized ?
Post by: Tipestry on March 05, 2018, 04:44:43 AM
For every bad thing you can do with Bitcoin there are a hundred good things. It's no different than the automobile, airplanes, cell phones, the Internet, etc. All of these technologies directly lead to deaths and crime but the good they allow overwhelmingly outweighs the bad, same with Bitcoin. The reason Bitcoin is often framed just as some kind of money laundering tool is that it's threatening to a lot of organizations.


Title: Re: will be Bitcoin centralized ?
Post by: CottonGuy on March 05, 2018, 04:53:36 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

That won't happen. It will totally defeat the purpose why bitcoin was made. Banks can't do anything about bitcoin. They should be thankful that bitcoin was invented together with blockchain technology. Blockchain is beneficial to banks.
http://uk.businessinsider.com/why-central-banks-using-blockchain-technology-could-be-beneficial-2018-1

Here are some of the banks that are adopting to blockchain.
https://blockchain.works-hub.com/learn/Which-Major-Banks-Have-Adopted-or-Are-Adopting-the-Blockchain-

I think banks will just create their own centralized crypto.


Title: Re: will be Bitcoin centralized ?
Post by: ivakar on March 05, 2018, 04:59:33 AM
And how about cash money?! they also can not track it down in fact.
So.. for btc payments it is still possible, and transaction can be tracked down.
They do not like crypto because they can't control its emission and take profits from its regulation.


Title: Re: will be Bitcoin centralized ?
Post by: Gabz999 on March 05, 2018, 05:01:23 AM
That was the main reason why developer created the bitcoin and why other crypto assets came out. They want a decentralized payment through the technology of blockhain. They don want to be know, if you choose to be anonymose and hide your identity and dont want government choose the payment of bitcoin or crypto currency


Title: Re: will be Bitcoin centralized ?
Post by: Crytptohack on March 05, 2018, 05:07:25 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Wrong, Bitcoin transactions can be tracked. Look up the Silkroad bust, there were 2 agents that attempted to steal Bitcoin that was in the Silkroad wallet. One guy was a secret service agent and the other IIRC was an FBI agent. They were caught by tracking their BTC transactions. Laura Shin did a podcast (Unchained) on this subject and spoke with the federal prosecutor that busted them.

Governments cannot do a dam thing about BTC transactions period. They can make all of the laws they want, but BTC and people will continue to execute transactions.

If you want privacy, look at Monero, Zcash, Verge, Zcoin, Zencash...


Title: Re: will be Bitcoin centralized ?
Post by: hadveach on March 05, 2018, 05:54:58 AM
bitcoin can not be centered, bitcoin system is designed decentralized. but bitcoin can be adopted and also managed. or concentrated in a country as a standard bitcoin price of the world.

and I think japan is a country that deserves to be a bitcoin country, they are able to manage bitcoin well.


Title: Re: will be Bitcoin centralized ?
Post by: chocomartin on March 05, 2018, 06:01:34 AM
I don't see any reason as to why one would centralize btc, it would go against Satoshi's vision of eliminating "middle-men" from transactions. The reason bitcoin was made the way it is, is to get rid of "double-spending" wherein a third-party who oversees the transaction also gets a percentage of the money spent. I also like to think that Satoshi came up with bitcoin as a big "FU" to "the man" or the government in general, giving us a way to do transactions without an authoritarian entity watching over us.


Title: Re: will be Bitcoin centralized ?
Post by: Herbert2020 on March 05, 2018, 06:04:57 AM
as per governments view, they never accept decentralized bitcoin.
they don't have to accept bitcoin, in fact government doesn't even come in the picture when we are talking about bitcoin!

Quote
the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.
fiat is centralized, it doesn't get any more centralized than that. they can not track sender and receiver when they use cash and many other forms of fiat. smuggling and black money can and does go anywhere without third party knowledge!
so your point is moot.

Quote
so do you all think bitcoin can be centralized ? can be do ?
no it can not be done. because bitcoin exists because it is decentralized. if you take that essence away you are effectively killing bitcoin and since nobody wants that, and bitcoin is alive based on the people, so it won't happen ever.


Title: Re: will be Bitcoin centralized ?
Post by: KesoNie on March 05, 2018, 06:07:15 AM
And how about cash money?! they also can not track it down in fact.
So.. for btc payments it is still possible, and transaction can be tracked down.
They do not like crypto because they can't control its emission and take profits from its regulation.
Yes and that is why some other countries are banned bitcoin in their economy because of the characteristics of being decentralised of bitcoin. Decentralised means they can't control the in flow and out flow in the world of cryptocurrency and the worst case for them is they can't get any profits on it so instead of allowing bitcoin they choose to banned it.


Title: Re: will be Bitcoin centralized ?
Post by: Dudeperfect on March 05, 2018, 06:10:06 AM
Never! Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it. There is a theoretical possibility of 51% attack but again, it will need high amount of resources and money to attempt such attack and Bitcoin will fall to 0 soon after such attack so it would be like a suicide for anyone along with the network so practically it is not possible.


Title: Re: will be Bitcoin centralized ?
Post by: endlings on March 05, 2018, 06:11:24 AM
If bitcoin can be concentrated and tracked down by the government, is Bitcoin still there? This is just an alternative market dominated by the state government. How can we get us?...


Title: Re: will be Bitcoin centralized ?
Post by: Kakmakr on March 05, 2018, 06:12:37 AM
In a way, Bitcoin is already centralized, because a large percentage of users are using Bitcoin through centralized services. The online wallets and the Bitcoin exchanges are all centralized services. Most of these services have to adhere to KYC/AML regulations, so the government has already infiltrated these services.

In the future, this will just increase and more and more of these services will have to bend the knee before the government to keep their doors open.


Title: Re: will be Bitcoin centralized ?
Post by: Baimovic on March 05, 2018, 06:14:30 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Wrong, Bitcoin transactions can be tracked. Look up the Silkroad bust, there were 2 agents that attempted to steal Bitcoin that was in the Silkroad wallet. One guy was a secret service agent and the other IIRC was an FBI agent. They were caught by tracking their BTC transactions. Laura Shin did a podcast (Unchained) on this subject and spoke with the federal prosecutor that busted them.

Governments cannot do a dam thing about BTC transactions period. They can make all of the laws they want, but BTC and people will continue to execute transactions.

If you want privacy, look at Monero, Zcash, Verge, Zcoin, Zencash...
I observed monero, that monero has 3 techniques to protect privacy,
first, the ring signature, used to disguise the identity of the sender, finally the monero blocker has a function to hide the number of transactions.

so monero provides a higher level of privacy than a more transparent blockchain system.

so this monero became the choice of hackers and criminals.


Title: Re: will be Bitcoin centralized ?
Post by: Pursuer on March 05, 2018, 06:18:56 AM
In a way, Bitcoin is already centralized, because a large percentage of users are using Bitcoin through centralized services. The online wallets and the Bitcoin exchanges are all centralized services. Most of these services have to adhere to KYC/AML regulations, so the government has already infiltrated these services.

In the future, this will just increase and more and more of these services will have to bend the knee before the government to keep their doors open.

not at all. the fact that some people (even if it is really the majority of the bitcoin users) chose to use some third party centralized services does NOT make bitcoin a centralized thing.

it is like saying there are a lot of traffic accidents (with cars) and a lot of them lead to deaths so "cars" are "murder weapons"!

the way people use a tool does not define that tool. the decentralization of bitcoin is about the fact that it is a decentralized network of nodes that can be ran and is run by individuals that choose to do it and you don't need permission from a third party to use bitcoin as in send and receive to anyone at anytime you want.


Title: Re: will be Bitcoin centralized ?
Post by: Gontxi on March 05, 2018, 06:25:27 AM


because bitcoin is better than banking, because bitcoin is not centered by the company or big power.
there are some who become bans in some countries. as you say, that it is the negative effect of bitcoin. but basically, every crime is always there everywhere.
bitcoin is created for the secrecy of a person without any intent in a criminal act


Title: Re: will be Bitcoin centralized ?
Post by: Direwolve735 on March 05, 2018, 06:27:09 AM
The matter is that now it is impossible to say without doubt that Bitcoin is absolutely decentralized, unregulated and independent. When the crypto-exchange rialtos appeared, they killed the decentralization of bitcoin. And the mining of bitcoins has now become almost inaccessible to the average person, mining "centralizing" is taking place. Bitcoin will not become completely centralized, because it will kill its purpose and features. But the elements of centralization can be traced already now.


Title: Re: will be Bitcoin centralized ?
Post by: WUUEX79 on March 05, 2018, 06:38:09 AM
so do you all think bitcoin can be centralized ? can be do ?

It's impossible, Bitcoin will never be centered.

as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

This is the classic reason which the government has posted upon their incompetence in managing crypto currency. Until whenever the government keeps still pretend to be stupid because doing tracking ownership of bitcoin never benefits them (not a profitable project) all that exists in their brain is money, money and money.


Title: Re: will be Bitcoin centralized ?
Post by: rarg on March 05, 2018, 06:39:37 AM
If you mean about Bitcoin technology, then it can't be centralized. Bitcoin was designed to be decentralized.
Perhaps you need read about this Bitcoin WIKI: https://lopp.net/bitcoin.html


Title: Re: will be Bitcoin centralized ?
Post by: sicnarfkswiss on March 05, 2018, 06:43:55 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
It will never happen I guess,, there were lot of requirements to be centralized. being anonymous doesn't make bitcoin centralize, It will remain decentralize .


Title: Re: will be Bitcoin centralized ?
Post by: shahzadafzal on March 05, 2018, 06:47:31 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

As per your question short answer is "Yes". Governments will definitely try to centralize it as much as possible.

Now the next question is will they be successful? Answer is no.. never..!!!

Internet is one of the example, no matter how much goverments try to control its always expanding. Dark web, deep web will always be out reach of goverment.

Same goes to Bitcoin, Bitcoin can be centralized in terms putting strong checks on exchanges and huge penalties to companies who don't comply to the procedures if they introduce any. In this case it can managed. Yes total number of supply can't be changed any way but circulation or daily volume they can be.. process is lengthy but can be done.  

Now comes the developer!! if govt. 100% control Bitcion next day you will see alternative Bitcoin will popup. It doesn't mean other crypto currency but Bitcoin with another name. So this cat and mouse game will go forever.


Title: Re: will be Bitcoin centralized ?
Post by: Addywealth on March 05, 2018, 06:47:58 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

At this point where countries are banning bitcoin almost daily I will suggest that bitcoin should be centralized. This will help to get accepted by everyone and give security to existing and prospectus investors. It will also reduce bitcoin fraud and money laundry.


Title: Re: will be Bitcoin centralized ?
Post by: ellabanana on March 05, 2018, 06:53:59 AM
It can be centralized, but it would contradict the goal of cryptocurrency. It is the unique characteristic of Bitcoin so it can't be taken away from it. If the government will banned for not being able to control it, then we should fight for it. We don't want to be controlled in everything we do.


Title: Re: will be Bitcoin centralized ?
Post by: Bervelukan on March 05, 2018, 07:19:06 AM
I do not think bitcoin will be centered because it is also for the reason of the government as well as the unstable bitcoin price for a currency in government.


Title: Re: will be Bitcoin centralized ?
Post by: boboking on March 05, 2018, 07:37:02 AM
A decentralized bitcoin will never happen. I think this is one of the possible reason why the creator of bitcoin Satoshi did not and will not reveal himself, because of government will ask him to tweak the technology.
Since it can never be done government will do some regulation.

Also i have heard a news that SEC of the US subpoena 80 crypto currency companies.

https://www.ccn.com/sec-subpoenas-80-cryptocurrency-firms-including-techcrunch-fund/


Title: Re: will be Bitcoin centralized ?
Post by: Xzhyte on March 05, 2018, 07:44:27 AM
It will not, bitcoin's most presious feature is being decentralized and it's one of the main reason why it became so popular because it gives freedom from third party institutions and extra fees. If there's a coin that will be centralized, it will not be bitcoin.


Title: Re: will be Bitcoin centralized ?
Post by: LindaFallar on March 05, 2018, 07:59:43 AM
Well, I think its very difficult to centralized "Bitcoin". The government is one of the hindrance  for that. And the value of Bitcoin is not also in its fixed rate/value.


Title: Re: will be Bitcoin centralized ?
Post by: Habaek08 on March 05, 2018, 08:06:28 AM
Sometimes i wonder if the bitcoin will centralized in the future. I'm still a newbie here in this platform. So in my opinion i guess it does. It will centralized soon. Because of many people nowadays tends or curious about bitcoin  i think government will begin to plan or make an action about centralizing in this platform.


Title: Re: will be Bitcoin centralized ?
Post by: h0lybyte on March 05, 2018, 08:24:48 AM
Bitcoin is highly anonnymous non-government currency itself, no body can control it under his dominance even not governments. The central authoritatives can only imply laws on it like some contries have already implemente tax and other verification requirements before you exchange bitcoin,


Title: Re: will be Bitcoin centralized ?
Post by: newguy05 on March 05, 2018, 09:39:31 AM
Centralized Bitcoin; technically means you have to go through one party, you can not avoid that 'Party'. Due to its distributed nature, if mining was centralising it would probably never be mentioned.


Title: Re: will be Bitcoin centralized ?
Post by: ylnar123 on March 05, 2018, 09:47:12 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

I believe bitcoin will remain decentralized because from the start of blockchain technology, bitcoin remains untarnished with the trials of time. Though there are ways to trace the sender and the receiver through regulations of wallets to avoid crimes with regards to cryptocurrency. Bitcoin will never be changed to centralized due to decentralization makes it successful and when it comes to security there is no guarantee that crime is possible in a decentralized blockchain.


Title: Re: will be Bitcoin centralized ?
Post by: GoldAura17 on March 05, 2018, 09:49:29 AM
I do not think it can be centralized. He was specifically created to be decentralized.


Title: Re: will be Bitcoin centralized ?
Post by: Techie5879 on March 05, 2018, 10:13:39 AM
I don't see how or why that will be happening, as bitcoin was made to be decentralized, with a peer to peer validation structure so that power, actually, control of the said currency, doesn't get stuck into the hands of a single source. It is for the people, and though banks would love to try and centralize the bitcoin, it would not happen as atleast 51% of the nodes need to support moving over to a different blockchain, and that would never happen in the case of bitcoin, the community is too loyal, so I donot see bitcoin being centralized anywhere in the near future.


Title: Re: will be Bitcoin centralized ?
Post by: Payapa on March 05, 2018, 10:20:23 AM
Escrow's the key my friend if they want to track like every transaction. But, as for centralizing bitcoin, that's one thing that most probably wouldn't happen due to its nature. Face it, even in Nakamoto's White Paper on Bitcoin, it aims to be decentralized, so even if the government might have a reason they cannot implement bitcoin since they can't get their hands on it and centralize it, as long as it stays as it is, it'll never be centralized. Also, if they wanna centralize it, they have to centralize the blockchain too, which is too massive to contain.


Title: Re: will be Bitcoin centralized ?
Post by: coinbitw on March 05, 2018, 11:49:16 AM
No, everyone doesn't want that to happen because it will be an disadvantage/destruction of Bitcoin's digital transaction/operation. If it will be centralized, it is a danger to everyone having bitcoins, future of Bitcoin will gone if that happens.


Title: Re: will be Bitcoin centralized ?
Post by: Cryptosaphire18 on March 05, 2018, 11:53:24 AM
No, everyone doesn't want that to happen because it will be an disadvantage/destruction of Bitcoin's digital transaction/operation. If it will be centralized, it is a danger to everyone having bitcoins, future of Bitcoin will gone if that happens.
That may seem unthinkable right now, gradually developers start to accept as given that bitcoin needs inflation in order for it to operate based on hypotheticals, extrapolations, and mere opinions.There are technical issues that need discussing, tests to be made and so on. And i think if its for a government it will be centralized.It’s only security-through-obscurity that keeps it allegedly “decentralized” in eyes of the public.You can’t change the consensus itself   there’s no in-protocol on-chain governance.


Title: Re: will be Bitcoin centralized ?
Post by: Morjana17 on March 05, 2018, 11:59:22 AM
As I observed it will centralize and consolidated by the head to manage the advantages and disadvantages of every posting that bitcoiner will do and that is for the good of bitcoin society too. We don't have to be worry because in that situation it will manage well and we can accept updates from the organization that can be lead for us to be united.


Title: Re: will be Bitcoin centralized ?
Post by: sirenmoon on March 05, 2018, 12:01:30 PM
That was the main reason why developer created the bitcoin and why other crypto assets came out. They want a decentralized payment through the technology of blockhain. They don want to be know, if you choose to be anonymose and hide your identity and dont want government choose the payment of bitcoin or crypto currency

Centralized Bitcoin will never exist. Government is pressuring the crypto market and the developers because they cannot control the money flow. There are some of the centralized coins that are appearing on the market and that are supported by the banks because banks are wanting a piece of the big cake but the Bitcoin as such is not intended to operate in the system as a centralized currency. It is meant to be independent and free from the claws of the centralizations and the politicians which are hungry for the control. This crypto trend made a mighty blow to all governments in the start but now although they cannot change it to centralized, they are starting the accept the current changes that are being made because of the expanding of the crypto market.


Title: Re: will be Bitcoin centralized ?
Post by: mersal on March 05, 2018, 12:04:01 PM
Bitcoin is already made so no one can change the property of bitcoin if the government want they can create an centralized crypto currencies but bitcoin is already popular all over the world so people love using an decentralized technology than a centralized one.But government can track they system by implementation of regulation on their countries.


Title: Re: will be Bitcoin centralized ?
Post by: lili song on March 05, 2018, 12:58:48 PM
Im my opinion is no can be centralized, bitcoin created decentralized and regulation of the government can't make it centralized in some country.
So I like bitcoin decentralized right now. Some government want bitcoin centralized, the government want control bitcoin, track transactions, sender, receiver and easy to manage. But I sure it will be happen.


Title: Re: will be Bitcoin centralized ?
Post by: josephpogi on March 05, 2018, 01:33:46 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I think bitcoin will never be a centralized system as it is created decentralized and none of us can get into it to make changes even government or private institutions. If bitcoin can be centralized then it should have changed a couple of years ago or even last year as it is sky rocketing up. I think the creator also made it decentralized to defend itself from being hack and having a bad governance.


Title: Re: will be Bitcoin centralized ?
Post by: v0rtecxz on March 05, 2018, 01:57:12 PM
Some countries may think they can make government-centered bitcoins, but the fact is bitcoin is decentralized so they can not control it completely.
but on the other hand bitcoin transactions are not entirely anonymous, there is still a bit of a gap for transactions and I think the government will not be so careless, because the current technological developments are increasing, it is not impossible to track transactions and trace them further.


Title: Re: will be Bitcoin centralized ?
Post by: Oceat on March 05, 2018, 03:24:31 PM
Some countries may think they can make government-centered bitcoins, but the fact is bitcoin is decentralized so they can not control it completely.
but on the other hand bitcoin transactions are not entirely anonymous, there is still a bit of a gap for transactions and I think the government will not be so careless, because the current technological developments are increasing, it is not impossible to track transactions and trace them further.
I think most of the government authority officials are taking some actions to those addresses who have had a huge Bitcoin in it. I'm wondering if they do putting some names on the addresses that has a huge Bitcoin inside. Bitcoin transactions is not totally anonymous so they might tag those addresses. And speaking of centralized Bitcoin is too impossible to happen and only those exchanges can be centralized but not Bitcoin.


Title: Re: will be Bitcoin centralized ?
Post by: bit-freedom on March 05, 2018, 03:35:08 PM
No, Bitcoin is designed to be decentralised and will not be centralised. In any case, if bitcoin is centralised, I don’t think it will have the success and be so popular today.


Title: Re: will be Bitcoin centralized ?
Post by: radjie on March 06, 2018, 04:17:55 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
This could happen if the government can formalize the existence of bitcoin, and of course bitcoin will be fully controlled by the government to prevent activities that could harm the government itself, such as smuggling of corruption money or other types of crime. but with the government policy of course bitcoin users feel in the limit by the existing rules.


Title: Re: will be Bitcoin centralized ?
Post by: nandamo on March 06, 2018, 04:48:09 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

I think this will never be done.
BTC Technology are so advance to be centralize and if ever if BTC will be centralized then the question will be "What does the btc mean?" because btc will be a bank instead and how will btc be centralize if no country will be its main base (or main place or center -- I can't find the specific words for it). If country claim that the btc will be centered in their country some country will not agree or complain.


Title: Re: will be Bitcoin centralized ?
Post by: just_Alice on March 06, 2018, 04:56:49 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I think that banks one day will not have much choice and they'll have to accept cryptos, because it will be very profitable. And as for me, jumps in prices will be a bigger problem they'd have to deal with, than usage of cryptos by terrorists, or for the purposes of money laundering. Everyone keep talking about that, like money tracing is the only way criminals can get caught.


Title: Re: will be Bitcoin centralized ?
Post by: dyewic on March 06, 2018, 05:52:56 PM
Never! Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it. There is a theoretical possibility of 51% attack but again, it will need high amount of resources and money to attempt such attack and Bitcoin will fall to 0 soon after such attack so it would be like a suicide for anyone along with the network so practically it is not possible.

I strongly agree on your opinion that, Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it.  And adding also my opinion that, bitcoin is better than banking, because bitcoin is not centered by the company or big power and there are some who become bans in some countries. as you say, that it is the negative effect of bitcoin. In addition, Bitcoin is highly anonnymous non-government currency itself, no body can control it under his dominance even not governments. On the other hand, Centralized Bitcoin; technically means you have to go through one party, you can not avoid that "Party", due to its distributed nature.


Title: Re: will be Bitcoin centralized ?
Post by: mrcash02 on March 06, 2018, 06:00:38 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Actually, they are able to track sellers and buyers, but it's necessay some investigation effort to do this, so governments find more convenient to ask you to  make the process easier by showing yourself, your personal informations when dealing with Crypto-Currency and at same time giving them a piece of your profit, and if you ask why, the answer is because they can order it...

Ironic how the governments want to make the process easier for them, not being necessary to track enthuasiasts as they will show themselves, but asking for more money back. So governments have less service to do, but want more money on their pockets.  :D


Title: Re: will be Bitcoin centralized ?
Post by: boyptc on March 06, 2018, 06:04:01 PM
as per governments view, they never accept decentralized bitcoin.
Not all, there are some gov't that accepted bitcoin so don't say that they will never accept bitcoin because there are some countries that made legalized it.

so do you all think bitcoin can be centralized ? can be do ?
It can be regulated but it can't be centralized.


Title: Re: will be Bitcoin centralized ?
Post by: torotot on March 08, 2018, 05:20:47 AM
It will never be centralized unless Satoshi change how bitcoin was developed the rules. This bitcoin was founded in a way that was created. If it will be centralized the more hassle. Like taxes, more corruption, government interfere, and banks limit.


Title: Re: will be Bitcoin centralized ?
Post by: jaocoincrypto18 on March 08, 2018, 05:32:56 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

No government can make Bitcoin to become centralize as it was designed as a decentralized by nature but they could regulate it thru exchanges in order to track every transaction that is why exchanges are now very strict in accepting clients and mandatory for the ICO to submit KYC as these was per regulation policy to easily tract a suspected person that are doing illegal activities using Bitcoin.


Title: Re: will be Bitcoin centralized ?
Post by: joan26 on March 08, 2018, 05:39:58 AM
Bitcoin is Bitcoin because it is decentralized, open, cross border, neutral, sensorship resistant, open for innovation by anyone etc.

Let’s not mix up Blockchain technology with Bitcoin. Blockchain without Bitcoin isn’t exciting at all. It is what is sold by many consultants to private institutions.


Title: Re: will be Bitcoin centralized ?
Post by: Moiyah on March 08, 2018, 05:43:19 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

That is why bitcoin is special because of it's decentralized characteristics. Having a peer to peer transactions have advantage of having low fees and don't have to transact with banks.


Title: Re: will be Bitcoin centralized ?
Post by: Notcalculator on March 08, 2018, 05:45:12 AM
Centralization and scalability are opposite sides of a spectrum. The more centralized you are the less scalable you are. Ever since from the beginning, BTC has opted for options that wont affect the centralization side as much as possible. With that being said, bitcoin has no obligation to follow the government, only 3rd parties such as exchanges are obligated to do so. If anything becomes centralized, it wont be the btc technology unless it opted for a more scalable but less centralized approach.


Title: Re: will be Bitcoin centralized ?
Post by: Sergey190785 on March 08, 2018, 05:46:02 AM
If the crypto currency is centralized, then the whole meaning of it will be lost. Those who invented it will not allow its centralization


Title: Re: will be Bitcoin centralized ?
Post by: josephpogi on March 08, 2018, 05:48:43 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
There will be no chance that bitcoin will be centralized system as it is already based on blockchain technology which is running on decentralized system.  What government can really do right now is external centralization or putting regulations and laws guiding the consumer for using it, also tax will enter on this thing as government really run on bitcoin because of potential taxes.


Title: Re: will be Bitcoin centralized ?
Post by: krishnaverma on March 08, 2018, 06:03:18 AM
Some countries may think they can make government-centered bitcoins, but the fact is bitcoin is decentralized so they can not control it completely.
but on the other hand bitcoin transactions are not entirely anonymous, there is still a bit of a gap for transactions and I think the government will not be so careless, because the current technological developments are increasing, it is not impossible to track transactions and trace them further.

Here is opinion regarding this:

1) Governments can create their own coins which are completely controlled and monitored by them. But people will not show interest in such projects because better alternatives are already there.

2) Regarding bitcoin investments being non traceable, you have to move funds from bank to buy. After selling also, funds come to the bank, how will you hide them ?


Title: Re: will be Bitcoin centralized ?
Post by: Soots on March 08, 2018, 10:28:09 AM
It will never happen if bitcoin system becomes centralized, I think bitcoin is made for a resistance to decentralized system, such as banks and so on. Regulated or not, prohibited or not by government bitcoin users will still exist, because it will be difficult for government to ban bitcoin until the users of bitcoin no longer in the country. It's a system of technology or even more using internet sistem that everyone can outsmart to use it.

Actually, bitcoin was designed which decentralized was occurred without any 3rd party involved like banking system or any government sectors that can be possible for manipulation. On other hand, most people made bitcoin as their mode of payments which is easy, fast and reliable transactions using different applications like coins base or coins.ph. In this situation, still no 3rd party as the apps have a features accessible to different establishments without standing in line that can pay via online transactions. The bitcoin is impossible to be centralized at all since many people relying on this dominant crypto currency as the people can control on their own without any can interact or manipulate.


Title: Re: will be Bitcoin centralized ?
Post by: jpespa on March 08, 2018, 10:34:35 AM
Bitcoin will never be centralized. What can government control is that the people of their country who use it. Since bitcoin is a threat to government because of its privacy feature and non-traceable transaction, they would either ban it or accept it but with certain conditions that of course would definitely themselves.


Title: Re: will be Bitcoin centralized ?
Post by: nickmax on March 08, 2018, 10:52:46 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?


Bitcoin is not the most anonymous crypto currency. Transactions can be tracked, and special services already do it, but for example Monero can not be tracked. I'm not sure that it is possible to centralize the coin completely.


Title: Re: will be Bitcoin centralized ?
Post by: cizatext on March 08, 2018, 11:06:52 AM
The technology behind bitcoin does not allow it to be centralized and saying bitcoin should be centralized is a mission impossible, the uniqueness of cryptocurrencies is it decentralization and not control by any body.


Title: Re: will be Bitcoin centralized ?
Post by: cemburu on March 08, 2018, 11:31:25 AM
Bitcoin will never be centralized. What can government control is that the people of their country who use it. Since bitcoin is a threat to government because of its privacy feature and non-traceable transaction, they would either ban it or accept it but with certain conditions that of course would definitely themselves.
True, Bitcoin cannot be controlled by anyone including Government across the country. That should be controlled precisely its users. If the user is using Bitcoin in a positive way it does not matter. But surely many Bitcoin users are using Bitcoin in the negative. This is what to watch out for.


Title: Re: will be Bitcoin centralized ?
Post by: kache2018 on March 08, 2018, 11:37:52 AM
I think starting from this day onwards, let's bear in mind that the concept of bitcoin is freedom amongst people who want to trade, invest and keep money without government's intervention. This three aspects is one of the many reasons with bitcoin cannot be centralized. Also, the fact that it is spread all over the world which means all national government, federal states and even monarchies should cope with it but off all the problems a nation has? I think it will be hard. What a government can do perhaps is to control the people using it but not the bitcoin currency itself.


Title: Re: will be Bitcoin centralized ?
Post by: CarltonWyatt on March 08, 2018, 11:42:58 AM
Nope. Decentralisation is built into bitcoin. It either fails or succeeds as a decentralised entity


Title: Re: will be Bitcoin centralized ?
Post by: lfc_san on March 08, 2018, 11:48:48 AM
I think bitcoin will always be decentralized and this is a bitcoin advantage over real currency. Decentralization provides security that can only be managed by users.


Title: Re: will be Bitcoin centralized ?
Post by: Isaacck on March 08, 2018, 11:53:19 AM
Never! Bitcoin depends on the innovation called Blockchain which depends on the standard of decentralization so regardless, Bitcoin won't be concentrated as it will murder the center reason for it. There is a hypothetical plausibility of 51% assault however once more, it will require high measure of assets and cash to endeavor such assault and Bitcoin will tumble to 0 not long after such assault so it would resemble a suicide for anybody alongside the system so for all intents and purposes it isn't conceivable


Title: Re: will be Bitcoin centralized ?
Post by: michellee on March 08, 2018, 12:26:29 PM
it could have many possibilities for bitcoin to be centralized but I don't think so because it will change point of view from the bitcoin since the first time created. I think satoshi created bitcoin to solve the decentralized of the money that is in the government and control by them but if bitcoin is finally centralized then I think many people will not agree and everything will change. I think let we see what will go on in the future and we will find the answer soon. but I see now there is a government that accepting bitcoin as a new investment and it is good for the people because they can invest their money to make a profit in the future.


Title: Re: will be Bitcoin centralized ?
Post by: AlexAtom on March 08, 2018, 02:25:42 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

actually they can track the owner of the bitcoin address if the exchange in btc-fiat require KYC.
it is simple. the government just need to track it from the exchange, and they will find the owner.


Title: Re: will be Bitcoin centralized ?
Post by: jose111 on March 08, 2018, 02:54:27 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Definitely it's a NO, if I'm not mistaken bitcoin form  in many purposes. At first,  it is actually form to be decentralize therefore no one can manipulate it. Secondly, it is form with the intension to have a financial freedom for everyone. Lastly, it also form for the purpose to serve and help all individuals to have an opportunity in escaping for the poor way of living.  Therefore I do believe that it won't be centralized and if there is possibility that it will happen I think the system of bitcoin will end..


Title: Re: will be Bitcoin centralized ?
Post by: mOgliE on March 08, 2018, 03:17:04 PM
Hi,

I think that if bitcoin ever get centralized... well, it will no longer be bitcoin. The idea behind crypto, far more than mere trading, is to allow people to simply exchange things and services anywhere.

If a government has power over bitcoin or if it becomes controlled by any authority, it is no longer a crypto. No longer what it was created for.


Title: Re: will be Bitcoin centralized ?
Post by: Amilhussin24 on March 08, 2018, 04:12:03 PM
The only thing that every Government can do to track bitcoin users transaction is to banned it in their country. After banning, they are issuing a rules and regulation, they cannot actually centralized bitcoin, because it is around the world, it is the worlds digital currency. At least they can regulate it to stop criminality and other illegal activity in their country.


Title: Re: will be Bitcoin centralized ?
Post by: joebrook on March 08, 2018, 04:53:10 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Maybe some time in the near future, the centralization of bitcoins would be the only thing for it's survival and i am sure that the developers at that time would make it centralized.


Title: Re: will be Bitcoin centralized ?
Post by: Steavenson19 on August 13, 2018, 04:59:12 AM
Bitcoin is Bitcoin because it is decentralized, open, cross border, neutral, sensorship resistant, open for innovation by anyone etc. The idea behind crypto, far more than mere trading, is to allow people to simply exchange things and services anywhere.


Title: Re: will be Bitcoin centralized ?
Post by: aleksvip15 on August 13, 2018, 05:14:43 AM
I consider bitcoin to be centralized is not possible. Since the program simply does not provide for this. By making bitcoin centralized, the contradictions of the whole crypto-currency sphere will turn out. I understand the position of the government. However, it is not possible to introduce control over bitcoin in order to track transactions.


Title: Re: will be Bitcoin centralized ?
Post by: armarsterling7 on August 13, 2018, 05:45:45 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I think in the future things will change in a positive way. The Crypto market will last long and SEC will protect investors.
I always hope this market is protected by the SEC because now there are too many fraudulent projects. Investors need to be safe to focus on investing.


Title: Re: will be Bitcoin centralized ?
Post by: taeewo on August 13, 2018, 06:01:59 AM
No its not possible because it has already been created for decentralized purpose and will remain so forever, only fork can be used to correct some issue btc is facing.


Title: Re: will be Bitcoin centralized ?
Post by: rancakadu on August 13, 2018, 06:11:51 AM
Bitcoin is a non-governmental currency that is very assimilated itself, no body can control it under its domination even not the government.


Title: Re: will be Bitcoin centralized ?
Post by: manfredmann on August 13, 2018, 06:29:06 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
No bitcoin is still decentralized even if government will going to take over unless if they will going to change and modify the system. But I bet that the developer for bitcoin will not allow it to happen because when we say centralization we have already had a centralized currency and that is our fiat money.


Title: Re: will be Bitcoin centralized ?
Post by: dear53 on August 13, 2018, 07:37:21 AM
This is really a very important thing. It can said undoubtedly that Bitcoin is one of the most powerful currency in the whole world. Although Bitcoin is currently at the top of popularity but it is no centralized. In this reason Bitcoin using this opportunity to perform various crime acts. Any government does not have to revenue tax from it. For this reason, different governments consider it illegal.  Already some country's are banned Bitcoin for there country. If it comes to coverage by any government, The government will certainly make changes to Bitcoin's various systems. If this is done, then my idea is that the whole world will accept bitcoin for there country. So I think Bitcoin should come under a government right now. Then millions of members will be able to invest in Bitcoin safely all times....... :) :) :) :) :)











Title: Re: will be Bitcoin centralized ?
Post by: Leo Barnes on August 13, 2018, 07:51:03 AM
No, it will not because bitcoin is made to be autonomous, independent, distributed, bitcoin can exist without the authority.


Title: Re: will be Bitcoin centralized ?
Post by: Ains_sama on August 13, 2018, 08:15:29 AM
in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.


Title: Re: will be Bitcoin centralized ?
Post by: ETHtotheMOON1 on August 13, 2018, 08:20:15 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

decentralized systems mean people can have better control of the finance. But yes, governments might fear that. However it seems that they're adjusting their frameworks to that


Title: Re: will be Bitcoin centralized ?
Post by: mikan111 on August 13, 2018, 08:24:32 AM
The whole essence of BTC is precisely in decentralization, if that happens, BTC will lose all that is why people started to see a sake of a market without central regulation and manipulation.


Title: Re: will be Bitcoin centralized ?
Post by: nina_duschenko on August 13, 2018, 08:28:42 AM
Blockchain, the technology underpinning it, cannot be centralized. Bitcoin in a way already is. Centralized exchanges are how 99% of people trade their cryptocurrency, and they can be forced to accept regulation or be shut down. The only way to truly and permanently decentralize Bitcoin is by setting up decentralized marketplaces…and it is already being done :) What do you think?


Title: Re: will be Bitcoin centralized ?
Post by: calabrianexceeded on August 13, 2018, 08:34:32 AM
in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.

if they are still subject to full conversion policy from / to fiat, they will still get a place for decentralization, but if they don't get that regulation it will also make the system chaotic because bitcoin can be used for any benefit that endangers the state, centralization in this important, but only applies to verbal use for business and real taxes.


Title: Re: will be Bitcoin centralized ?
Post by: forbesmining on August 13, 2018, 03:18:12 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
It is stupid in my opinion because bitcoin was created to be decentralised and the main point which is the difference of Bitcoin from all the other currencies is that decentralised system.


Title: Re: will be Bitcoin centralized ?
Post by: dupee419 on August 13, 2018, 03:26:45 PM
Well, I hope not, the thing is that if BTC becomes a centralized currency, then I think that everything will change, there will be havoc if this thing happens, the flow and probably literally everything will change, and that is what we do not want to happen, BTC being a centralized currency will never happen, it is impossible. 


Title: Re: will be Bitcoin centralized ?
Post by: IndigoRed on August 15, 2018, 03:24:10 AM
Wasn’t bitcoin designed to be decentralized? Making it centralized will only defeat its purpose and deprive us of the change to have a free market and complete ownership of our money.


Title: Re: will be Bitcoin centralized ?
Post by: nagobinga on August 15, 2018, 03:30:16 AM
yesterday bitcoin at 3 o'clock cannot be opened because there might be an unexpected error, maybe it has happened an error on the server in bitcoin I don't know or bitcoin will be closed.


Title: Re: will be Bitcoin centralized ?
Post by: Raja_Salman on August 15, 2018, 04:01:28 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
maybe it's one of the weaknesses of bitcoin that is always seen as bad by everyone and even the government but we all can't ensure the future of bitcoin will be like what will be the most important take advantage of the opportunities we get to make a profit


Title: Re: will be Bitcoin centralized ?
Post by: giantrobot on August 15, 2018, 04:13:21 AM
I do not think so, Bitcoin was created to be able to deal decentralized, to break the rule of focus. Your saying seems to go against the purpose of Bitcoin when it was created. I think if you want Bitcoin to live with the government, Bitcoin should give up the anonymity increase, plus the ability to track transactions from the government, so they will accept us.


Title: Re: will be Bitcoin centralized ?
Post by: elwiswoodie on August 15, 2018, 04:16:25 AM
If BTC is centralized, then who will manage the entire bitcoin system scheme?
Is it a bank or government
but, I think making Bitcoin centralized is a bad choice, where transparency becomes useless, and what makes me confused again is, who is the actual Bitcoin creator?


Title: Re: will be Bitcoin centralized ?
Post by: Ngewex Yuk on August 15, 2018, 04:34:38 AM
in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.

Yes right, there is no strong evidence that there are people who can control bitcoin, bitcoin transactions are always in small quantities but large quantities so I believe that bitcoin will forever be decentralized.


Title: Re: will be Bitcoin centralized ?
Post by: team87 on August 15, 2018, 04:48:04 AM
very small possibility if bitcoin has to be (controlled)! no reason or method for that. and that will never happen. the government should support bitcoin by considering the future potential and technological progress.
 :-[


Title: Re: will be Bitcoin centralized ?
Post by: shadyrifles on August 15, 2018, 04:48:27 AM
Bitcoin will be centralized in only one case if you’d have 51% control over the bitcoin network. Even NSA would have trouble by expanding the size of the network; the core protocol will always be decentralized in most cases. In simple words, it’s not possible to make bitcoin centralized!


Title: Re: will be Bitcoin centralized ?
Post by: Sate Jamu on August 15, 2018, 05:02:08 AM
Bitcoin will be centralized in only one case if you’d have 51% control over the bitcoin network. Even NSA would have trouble by expanding the size of the network; the core protocol will always be decentralized in most cases. In simple words, it’s not possible to make bitcoin centralized!

With the marketcap of more than $ 120 billion, of course it is crazy to have money up to $ 61 billion in the form of bitcoin, I'm sure there won't be anyone who wants to do that, so I'm sure that pure bitcoin is decentralized.


Title: Re: will be Bitcoin centralized ?
Post by: shawn995 on August 15, 2018, 05:21:58 AM
It will never happen if bitcoin framework winds up brought together, I think bitcoin is made for a protection from decentralized framework, for example, banks et cetera. Managed or not, disallowed or not by government bitcoin clients will in any case exist, since it will be troublesome for government to boycott bitcoin until the clients of bitcoin no longer in the nation. It's an arrangement of innovation or much additionally utilizing web sistem that everybody can outflank to utilize it.


Title: Re: will be Bitcoin centralized ?
Post by: lobster88 on August 15, 2018, 05:28:59 AM
If Bitcoin will be centralize then the main purpose why Bitcoin is created will set aside because being a centralized will have someone that can track the users and the identity of everyone using it will reveal. A decentralized crypto currency wherein the users will become not known is what people are eager to use Bitcoin which is also its unique features. So I don't think that Bitcoin will be decentralized because before that happens a lots of people will not agree to this and it will remain as it is thus further improvements of the community will only happened.


Title: Re: will be Bitcoin centralized ?
Post by: frey_oh on August 15, 2018, 05:35:09 AM

bitcoin will never be centralized unless they change Satoshi's system of work for bitcoin to change the way it develops rules. Bitcoin is established in the manner created. If it will be more centralized it will be troublesome. Like taxes, more corruption, government interference, and bank limits


Title: Re: will be Bitcoin centralized ?
Post by: AmberFlotilla on August 15, 2018, 06:52:15 AM
I think bitcoin will always be decentralized and this is a bitcoin advantage over real. Decentralization provides security that can only be managed by users.


Title: Re: will be Bitcoin centralized ?
Post by: Nnedaddy1 on August 15, 2018, 07:18:15 AM
Bitcoin is a decentralized virtual currency.
Centralizing it would mean defeating the purpose for which it was created.


Title: Re: will be Bitcoin centralized ?
Post by: setialovers on August 15, 2018, 09:02:19 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Government just make a reason to ban bitcoin. In many country, their government dont like bitcoin concept because they can control the supply. I am believe bitcoin will stay decentralized not matter many government hate it


Title: Re: will be Bitcoin centralized ?
Post by: Diane757Clarke on August 15, 2018, 09:24:47 AM
I learned that the Blockchain technology is not currently owned, it is the progress of electronic science. Bitcoin also uses Blockchain technology, which also shows that Bitcoin is hard to concentrate.


Title: Re: will be Bitcoin centralized ?
Post by: IamKnowledge on August 15, 2018, 09:36:41 AM
Bitcoin will not be centralized, I do not see any possibility now or in the near future. The decentralized nature of bitcoin has helped in its growth and development around the world. Now we have more international companies and industries that acepting bitcoins to that advantage. 


Title: Re: will be Bitcoin centralized ?
Post by: derekeaton on August 15, 2018, 09:58:17 AM
Bitcoin can be centralized in individual regions or countries, but it seems unlikely that centralization around the world


Title: Re: will be Bitcoin centralized ?
Post by: indayburakday012 on August 15, 2018, 10:05:35 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
No it will not happen because bitcoin is design as a decentralized digital currency and it could never be centralized because talking about centralization every government has it in the likes of those fiat money. Aside from that the real purpose why bitcoin should be decentralized is that because of the arising needs wherein bank transactions is costly with their high transaction fee. So bitcoin was created to a peer to peer transactions with low cost transaction fee as possible.


Title: Re: will be Bitcoin centralized ?
Post by: Mark Tabicas on August 15, 2018, 10:37:21 AM
First, not all governments are against Bitcoin. Japan, Germeny, and Thailand have accepted Bitcoin though they haven't acknowledged Bitcoin as a legal tender yet. Second, to answer your question, I'll say "Nope". In no way that Bitcoin will go centralized. Decentralization is the instinctive characteristic of Bitcoin and I don't think there is a method to change this. But I wonder why do you want to render Bitcoin centralized? So that government can control and accept it?


Title: Re: will be Bitcoin centralized ?
Post by: Brandon Sousa on August 15, 2018, 10:38:50 AM
You need to know why Bitcoin isn't centralized before answering whether it's feasible for Bitcoin to be centralized.
First, no single institution controls the Bitcoin network, monitors or settles transactions, or holds Bitcoins belonging to other people. Since Bitcoin is not physically printed under strict control of a Central Bank, unlike physical currencies, its value cannot be manipulated by financial authorities. It's the external reasons.
Second, Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. And since all information is encrypted, no one could interfere to get it. Also, the network behind Bitcoin allows pee-to-peer transaction. As a result, an intermediary is unnecessary. This is the internal reason.
To conclude, I'm of the opinion that Bitcoin will remain decentralized as it is.


Title: Re: will be Bitcoin centralized ?
Post by: Crypto Circle X on August 15, 2018, 10:44:05 AM
I believe that governments will try to regulate Bitcoin, but I doubt they will make it centralized, because the whole point of Blockchain technology is being decentralized. Therefore, making Bitcoin or any cryptocurrency centralized will pretty much make it vulnerable to hackers. However, they might adopt the Blockchain technology or start their own ICOs and have their own cryptocurrencies.


Title: Re: will be Bitcoin centralized ?
Post by: BitcoinGuruOne on August 15, 2018, 11:44:26 AM
You are wrong, bitcoin transactions can be traces and they are fully anonymous ad you stated.

The biggest probelm for normal finance system is that , they cannot emit new currency when they want, that is why they are not going to adopt cryptos.

TRhe centraliation of BTC is possible if one gets more than 51%  of mining power and yes, and it is quite close, Bitmain has hige mining power.


Title: Re: will be Bitcoin centralized ?
Post by: BigBossWithNoMoney on August 15, 2018, 11:56:29 AM
Regulated- maybe; officially centralized- hardly possible; manipulated - of course  ;D


Title: Re: will be Bitcoin centralized ?
Post by: zeingrind777 on August 15, 2018, 12:13:27 PM
If bitcoin becomes centralized, it loses its idealism. Bitcoin will still be decentralized because that is how bitcoin was created.


Title: Re: will be Bitcoin centralized ?
Post by: thebitcoinmaster on August 15, 2018, 12:19:52 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Impossible, no institution can integrate to control bitcoin especially in the market. Thus, it would really be impossible. The possibility of such centralization if when this big institutions buy a lot of this crypto for the purpose of limiting the supply of it. However, in bitcoin it could really be difficult; thus associated with impossibility.


Title: Re: will be Bitcoin centralized ?
Post by: DennyPen on August 15, 2018, 12:28:22 PM
Regulated- maybe; officially centralized- hardly possible; manipulated - of course  ;D

Exactly! btc is now heavily manipulated; in future the manipulations will go harder.


Title: Re: will be Bitcoin centralized ?
Post by: MUSFIKAR on August 15, 2018, 12:59:03 PM
I don't think it can be centered, Bitcoin is made decentralized and government regulations cannot make it centralized in several countries. So I like Bitcoin which is decentralized now. Some governments want Bitcoin to be centralized. But the government can track their systems by implementing regulations in their country.


Title: Re: will be Bitcoin centralized ?
Post by: Kuchiyose on August 15, 2018, 01:13:13 PM
If bitcoin becomes centralized, it loses its idealism. Bitcoin will still be decentralized because that is how bitcoin was created.

It becomes something that will be difficult to understand because Bitcoin has a fixed nature and will never turn into something different. My opinion like that.


Title: Re: will be Bitcoin centralized ?
Post by: Wonderced on August 15, 2018, 01:50:46 PM
maybe because many people do bitcoin and for that people will recognize the centralize of bitcoin, people using that for maintain of our economy, but lose idealism, was bitcoin centralized


Title: Re: will be Bitcoin centralized ?
Post by: Gotumoot on August 15, 2018, 01:55:01 PM
maybe because many people do bitcoin and for that people will recognize the centralize of bitcoin, people using that for maintain of our economy, but lose idealism, was bitcoin centralized
I think its impossible, because we know that only government can do that. And as what we know, government against bitcoin, so if you want bitcoin to be centralized, bitcoin characteristics will be changed, bitcoin price will be constant, and if that happens i believe that bitcoin will be a normal currency and worst it will be die.


Title: Re: will be Bitcoin centralized ?
Post by: yansen on August 15, 2018, 01:59:24 PM
the original bitcoin can't be centralized. because Bitcoin is circulating without a third party. so that nobody controls it. but the government can use bitcoin (Blockchain) technology to make centralized crypto currencies. maybe the government can make rules about bitcoin, but it can't regulate the circulation of bitcoin in the country.


Title: Re: will be Bitcoin centralized ?
Post by: Bitcoinislife09 on August 15, 2018, 02:00:22 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

I believe it won't be possible. Since the creator himself or themselves are anonymous, it is reasonable that they will create a system with the same feature. I guess as long as they do not reveal themselves, anonymous accounts will continue to be use. People should think that bitcoin is a invention that shows continuous development in the economy. In my opinion it should not compete with systems already centralized since bitcoin is still growing.


Title: Re: will be Bitcoin centralized ?
Post by: AAfunctionaluppityF on August 15, 2018, 02:00:45 PM
No it won't, never!
This because Bitcoin is decentralized from the start, and it won't be centralized ever! A lot of banks are currently interested into BTC but as investors, not as "controllers", so we're safe. Price manipulation is another thing.


Title: Re: will be Bitcoin centralized ?
Post by: xanaxxx on August 15, 2018, 02:07:43 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

you got it completely wrong. There are already governments regulating cryptocurrencies as they're, making them totally legal. Please triple check before posting this kind of posts. Thanks


Title: Re: will be Bitcoin centralized ?
Post by: osasshem on August 15, 2018, 02:16:54 PM
Bitcoin cannot be centralized, cause the day it becomes centralized, the use of bitcoin will not be important to the core anymore. Every true bitcoin/crypto currency lovers likes it to be decentralized, cause we don't need the government to interfare with its use. If bitcoin is banned to be used as a currency/coin, there will still be users of bitcoin all round the world through the use of internet.


Title: Re: will be Bitcoin centralized ?
Post by: leonarda on August 15, 2018, 02:27:07 PM
No, this will never happen. It is completely against fundamentals of bitcoins.


Title: Re: will be Bitcoin centralized ?
Post by: bitterdog on August 15, 2018, 02:28:10 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I think we have to remember again that the initial goal of creating bitcoin and the other coin is to make an alternative of payments system that can minimalizing or eben replacing the existing decentralized system that often make us loss our money, time, and effectiveness. If bitcoin become centralized, i just don't understand the system behind it anymore. So, i hope bitcoin will stay decentralized.


Title: Re: will be Bitcoin centralized ?
Post by: Carlos Caprio on August 15, 2018, 02:54:52 PM
maybe because many people do bitcoin and for that people will recognize the centralize of bitcoin, people using that for maintain of our economy, but lose idealism, was bitcoin centralized
My opinion is not possible, because bitcoin is becoming popular as it is now because it is decentralized and anonymous. So if you want to be controlled, the government must make regulations so that each transaction can be monitored, because in addition to avoiding illegal transactions, the government wants to get taxes. If this happens, bitcoin will be the same as fiat money.


Title: Re: will be Bitcoin centralized ?
Post by: yetiripper on August 15, 2018, 04:04:17 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I don't think that this is possible because initially bitcoin was developed and created to be decentralized system of payment methods and it is silly to make it centralised, is like turning black to white.


Title: Re: will be Bitcoin centralized ?
Post by: Dmitry.Vastov on August 15, 2018, 10:21:14 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Well I feel yes and I am also sure for one thing that the time is very soon about to come or say with in a decade or more when bitcoin is going to legalise world wide and will get centralised globally, as we know that bitcoin is still so popular, successful and very sustainable crypto currency and there are even many countries who has legalised bitcoin like Brazil 🇧🇷, japan 🇯🇵, South Korea 🇰🇷 and many big companies has also started accepting bitcoin so I have gut feeling that it will soon get legalised.


Title: Re: will be Bitcoin centralized ?
Post by: SweetCryptoNews on August 15, 2018, 10:45:11 PM
Bitcoin can not be made centralized and you do not need to do this. The advantages of crypto currency is precisely in its decentralization and drug dealers can always find a way to launder money.


Title: Re: will be Bitcoin centralized ?
Post by: White Christmas on August 15, 2018, 10:51:42 PM
No it won't, never!
This because Bitcoin is decentralized from the start, and it won't be centralized ever! A lot of banks are currently interested into BTC but as investors, not as "controllers", so we're safe. Price manipulation is another thing.
Yes I think bitcoin become centralized would be a big problem especially once someone who has power to control it become greedy in money. Bitcoin will keep decntralized as it makes itself more popular because of it. People become calm because they feel that it was safe which is true because government doesnt have power to control the price and production of it.


Title: Re: will be Bitcoin centralized ?
Post by: BossRoss89 on August 15, 2018, 11:00:48 PM
It sounds like an impossible task because Bitcoin is decentralized by default, isn't that true?


Title: Re: will be Bitcoin centralized ?
Post by: mrphilippine on August 15, 2018, 11:14:48 PM
That is not gonna happen because bitcoin will be useless if we remove the decentralization to the system. Many people have joined cryptocurrency or bitcoin because it is decentralized and never be regulated.


Title: Re: will be Bitcoin centralized ?
Post by: stayeduptolate on August 18, 2018, 09:54:30 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Bitcoin the most controversial currency of the decade I guess, as we all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over bitcoin that could keep eye over all its activities and if more specifically saying the illegal activities, since the bitcoin is decentralised crypto currency no its very difficult for the government to trace the receiver and the sender and therefore it leads to many illegal activities like selling drugs, explosives and money laundering and many more but there is nothing to worry about because I am sure that one day bitcoin will get centralised globally.


Title: Re: will be Bitcoin centralized ?
Post by: A Feeder on August 18, 2018, 02:47:23 PM
I think that is never happened, because how bitcoin become centralized if still some governments are not accepted bitcoin to their country and they never accept decentralized bitcoin. Bitcoin system is designed decentralized, I hope in the future bitcoin become centralized and I will not lose hope and I more patient to wait.


Title: Re: will be Bitcoin centralized ?
Post by: Coroline on August 18, 2018, 02:55:09 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
yes that is the main problem of bitcoin which cannot be tracked by the sender and recipient, therefore bitcoin has not been approved by the government as a currency.


Title: Re: will be Bitcoin centralized ?
Post by: iamMhew on August 18, 2018, 02:55:55 PM
Bitcoin is decentralize, and nothing more to change about it, even goverment wants it to make centralize, it will never become, this is how bitcoin made, no one can take over the system, even the creator dont have any access of it.


Title: Re: will be Bitcoin centralized ?
Post by: Karakas on August 18, 2018, 03:21:09 PM
cryptocurrency uniqueness is decentralization and not control by any body and the technology behind bitcoin is not possible to be centralized and saying bitcoin must be centralized is an impossible mission


Title: Re: will be Bitcoin centralized ?
Post by: Yara1 on August 19, 2018, 10:24:47 AM
Bitcoin is a decentralized crypto currency The whole idea behind Bitcoin was to create a decentralized currency, a currency free from the Governments and banks. If someone somehow managed to centralized it, that would mean Bitcoin has failed its original purpose and it will become worthless.


Title: Re: will be Bitcoin centralized ?
Post by: Cryptotissue on August 19, 2018, 10:40:00 AM
Bitcoin can never be made centralized. Bitcoin works perfectly as a decentralized entity and primarily, it was developed to have a decentralized nature. No matter how many rules and regulations governments try to impose on bitcoin, bitcoin will always be decentralized...


Title: Re: will be Bitcoin centralized ?
Post by: hanxinvwang on August 19, 2018, 10:43:20 AM
If Bitcoin is centralized, what is the significance of its existence? Bitcoin is a symbol of free trade, which is the main meaning of its existence!


Title: Re: will be Bitcoin centralized ?
Post by: pugi2 on August 19, 2018, 10:47:10 AM
And how about cash money?! they also can not track it down in fact.
So.. for btc payments it is still possible, and transaction can be tracked down.
They do not like crypto because they can't control its emission and take profits from its regulation.
Its not the only reason why government does not like bitcoin. To be honest there are some perspective to make government decide this.
But if we will have bitcoin centralized, i dont think it can be good thing for bitcoin improvement. We need to keep bitcoin decentralized and just legalized ut as formal currency to make people believe to it.


Title: Re: will be Bitcoin centralized ?
Post by: FedorIzmailov on August 19, 2018, 10:49:20 AM
it is actually already centralized and it tracks people through it, and the further it goes, the more bitcoin will be centralized


Title: Re: will be Bitcoin centralized ?
Post by: AlexAtom on August 19, 2018, 01:55:01 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

I think they still can track the bitcoin holders when it use their local exchange because usually when do withdraw in fiat, exchange will need your identity.
bitcoin and cryptocurrency is decentralized, making it centralized is not a good idea i think.


Title: Re: will be Bitcoin centralized ?
Post by: 131tc01n on August 20, 2018, 02:44:16 PM
if bitcoin is centralized maybe transaction costs and others will increase, because all about bitcoin will be regulated by the center.
but I think bitcoin will not be centralized, bitcoin will become decentralized, any government cannot regulate bitcoin unless they ban it


Title: Re: will be Bitcoin centralized ?
Post by: Midas.Investments on August 20, 2018, 02:48:35 PM
If BTC becomes centralized, it will stop to be a cryptocurrency because the main difference between fiat money and crypto is in its decentralisation


Title: Re: will be Bitcoin centralized ?
Post by: kalstarzz on August 20, 2018, 02:54:44 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
centralized bitcoin seems impossible because we know that bitcoin uses blockchain technology whose main function is decentralized. bitcoin can be centralized if bitcoin doesn't use Blockchain technology anymore.


Title: Re: will be Bitcoin centralized ?
Post by: MinerFTW on August 20, 2018, 04:18:29 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

In theory this is possible in my opinion. But in general, I think that if it does, it will drive off a large part of the crypto community, and then its price may collapse. I do not think most people would accept such a move.


Title: Re: will be Bitcoin centralized ?
Post by: Golftech on August 20, 2018, 04:26:40 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

In theory this is possible in my opinion. But in general, I think that if it does, it will drive off a large part of the crypto community, and then its price may collapse. I do not think most people would accept such a move.
Most believers will be annoyed as the essence of being decentralized place them here and invest, in some points being centralized can help the market being lifted by government they might adopt when crytpo already became centralized market,  the true identity of the owners will be revealed as government can intervine and applies certain rulings.


Title: Re: will be Bitcoin centralized ?
Post by: mr.nby on August 20, 2018, 04:38:08 PM
No, this will never happen. It is completely against fundamentals of bitcoins.

Bitcoin was created based on the idea of decentralization and independence from the banking system. The answer to this question of centralization can be only one. No. Centralization is not needed for cryptocurrencies and can only harm the entire market.


Title: Re: will be Bitcoin centralized ?
Post by: vvvvictoria on August 20, 2018, 04:40:26 PM
no it will not!


Title: Re: will be Bitcoin centralized ?
Post by: kimmykimmy on August 20, 2018, 04:42:52 PM
I think it will because we are in a new world and it is becoming a new generation to come so thats why bitcoin can centralized with a new mechanics in this world.


Title: Re: will be Bitcoin centralized ?
Post by: pathapoddo on August 20, 2018, 04:50:54 PM
some times I think it is easy to centralize btc but some times I think that it is not so easy. because government think that it will affect the security of the country. Smugling, black money, other crime will be increased through that. So it is not good for any country. But other side, there is so many good side of btc. If we think that side it will be good for the country. but government are worry about the security of country.


Title: Re: will be Bitcoin centralized ?
Post by: anrian062 on August 20, 2018, 05:09:27 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

How? Bitcoin core is a decentralized system. Satoshi vision is to create currency over blockchain that no one run it and in the same time everyone is plunge in the transaction activities. BTC will lose their value that for sure if anyone try to manage behind.

And something bugged me is "which governmenr should have the authority"?


Title: Re: will be Bitcoin centralized ?
Post by: inv_ker on August 20, 2018, 05:14:00 PM
If bitcoin can be concentrated and tracked down by the government, is Bitcoin still there? This is just an alternative market dominated by the state government. How can we get us?...

For me, I think that, bitcoin can not be centralized, because bitcoin system is designed decentralized. But bitcoin can be adopted and also managed. And also, the main reason why developer created the bitcoin and why other cryptocurrency assets came out. They want a decentralized payment through the technology of blockchain. And I also think that, bitcoin being centralized will never happen, because if bitcoin system becomes centralized, I think bitcoin is made for a resistance to decentralized system, such as banks and etc.


Title: Re: will be Bitcoin centralized ?
Post by: regadly on August 20, 2018, 05:15:17 PM
I think no because it will destroy on the main  advantages of BTC. Of course governments and BTC should find the common solution to cooperate but it is a difficult and long-term problem


Title: Re: will be Bitcoin centralized ?
Post by: fulled on August 20, 2018, 05:23:55 PM
i think centralized is not always about goverment taking control, nowaday bitcoin miner is so centralized in power in my opinion, this situation is difficult to solved. Anyway i still loving bitcoin, no matter its centralized or decentralized


Title: Re: will be Bitcoin centralized ?
Post by: ailyn47 on August 20, 2018, 05:24:02 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Bitcoin is a decentralized cryptocurrrency used to avoid double spending on transactions and definitely the reason for today used in investing and trading to earn profit easily. However, it must be considered that investing it is really risky...


Title: Re: will be Bitcoin centralized ?
Post by: abojamal on August 20, 2018, 10:36:34 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
This is the biggest challenge for Bitcoin
is it subject to government authorities or not?
In the latter, there is money laundering, terrorism financing and drug trafficking in traditional currencies.


Title: Re: will be Bitcoin centralized ?
Post by: Walter789 on August 20, 2018, 10:51:52 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

I think it is quite impossible in bitcoin to become centralized since cryptocurrency especially bitcoin was be maded for decentralization of all transactions through blockchain technology. So I think government can't control bitcoin as becoming centralized system server because bitcoin created to have a good and fast way of transactions and services. Bitcoin used blockchain technology to runs transparency for all transaction that could not control of any single or centralized system.


Title: Re: will be Bitcoin centralized ?
Post by: btcdarkfanboi on August 20, 2018, 10:56:30 PM
No i dont think so if that ever happen then the purpose of bitcoin at the first place will be gone and i dont like that idea and it is designed to be decentralized


Title: Re: will be Bitcoin centralized ?
Post by: Shubhamgill33 on August 21, 2018, 03:31:14 AM
Bitcoin cannot and should not be centralized else it wont be bitcoin. The fundamental foundation for bitcoin was decentralization.


Title: Re: will be Bitcoin centralized ?
Post by: Dmitry.Vastov on August 23, 2018, 05:45:04 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
We all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one like in selling drugs, explosives, money laundering etc, bitcoin is ye in illegal activities because bitcoin transactions does not involve any third party seizure and therefore it is like next to impossible to trace the bitcoin transactions and therefore many countries are in against of bitcoin and for the centralisation of bitcoin, awareness could be the biggest influence.


Title: Re: will be Bitcoin centralized ?
Post by: anushkasachith888 on August 23, 2018, 05:48:21 AM
Bitcoin is meant to be decentralized. If even the bitcoin going to be centralized what is the point of having bitcoin? Then, we still can use fiat instead of bitcoin, Centralization is out of the purpose of bitcoin.


Title: Re: will be Bitcoin centralized ?
Post by: Sathya12 on August 23, 2018, 05:52:17 AM
No, Bitcoin will never be centered. its decentralized. :) :)


Title: Re: will be Bitcoin centralized ?
Post by: stayeduptolate on August 23, 2018, 06:10:11 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
We all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over the bitcoin who could keep eyes over all the bitcoin activities and I guess this weakness is misused by some social defaulters in performing some illegal activities like in selling drugs, explosives, money laundering and many more and thus this is the biggest reason for not accepting bitcoin as a means of transactions in many countries and for centralisations of bitcoin, awareness is the biggest influence.


Title: Re: will be Bitcoin centralized ?
Post by: Baksobakar on August 23, 2018, 06:21:13 AM
the lack of knowledge about it makes me unable to explain what is happening now based on your question.


Title: Re: will be Bitcoin centralized ?
Post by: Falconmytyh123 on August 23, 2018, 06:22:12 AM
I think bitcoin not centralized. Because the transaciction with only both sides. I just share my opinion


Title: Re: will be Bitcoin centralized ?
Post by: nisse44 on August 23, 2018, 06:25:28 AM
It will never be centralized.


Title: Re: will be Bitcoin centralized ?
Post by: Cortez26 on August 31, 2018, 05:28:37 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?



Bitcoin could be unified, however it wouldn't be Bitcoin according to Nakomoto's White Paper. Bitcoin is the motivating force to keep the Bitcoin blockchain secured. Without that motivator there would never again be the put stock in factor, the system would have lost security. You’d have to control 51% of the Bitcoin network in order to do that, which even the NSA would have trouble pulling off with the size of the network. So the core protocol is going to remain decentralized for the most part. However, parts of the ecosystem may succumb to centralization (like exchange in various countries), which can have similarly detrimental effects on the network.


Title: Re: will be Bitcoin centralized ?
Post by: Gboytee on August 31, 2018, 05:41:47 PM
Whenever bitcoin is centralized it will affect many people. You should know that the major users of bitcoin are the gee guys, and those that involved in illegal use of currencies. Centralizing it will make them to opt out of bitcoin. That mean they will need to look for another to do their transaction without being traced.


Title: Re: will be Bitcoin centralized ?
Post by: Sinancre on August 31, 2018, 05:57:29 PM
I do not think that this can be centralized. If there is a coin to be centralized, it will not be bitcoyne. If Bitcoin If it's centralized, it's dangerous for everyone who has bitkoy


Title: Re: will be Bitcoin centralized ?
Post by: Ace Amias on August 31, 2018, 06:09:46 PM
if we say that bitcoin is to be centralized in my opinion it is not gonna be happen because bitcoin is a designed decentralized cryptocurrency and if the government want to control it must be made centralized because they have to make check and balance and to apply the taxes it won't be happening that much easier.


Title: Re: will be Bitcoin centralized ?
Post by: 1van__ on August 31, 2018, 06:11:29 PM
Of course it will be, it is the best in the market of crypto-currency and until its centralization is not long


Title: Re: will be Bitcoin centralized ?
Post by: Odlanyer on September 11, 2018, 02:47:43 PM
It will never happen if bitcoin system becomes centralized, because there are many against to bitcoin like the governments we all know governments a enormous company and powerful its hard to fight governments, governments never accept decentralized bitcoin because they afraid that they can't control the fastest scattered of bitcoin to their country.


Title: Re: will be Bitcoin centralized ?
Post by: alexgreen2018 on September 11, 2018, 03:02:09 PM
Yes, it is true that bitcoin is decentralized and Governments might not allow it to go mainstream but centralization is against the idea of the foundation of bitcoin. It was created so that it remains decentralized. Governments will need to regulate it rather than banning it.


Title: Re: will be Bitcoin centralized ?
Post by: prikitiw on September 11, 2018, 03:08:32 PM
I think bitcoin is made for resistance to a decentralized system, so it will never happen if the bitcoin system becomes centralized. it will be difficult for the government to ban bitcoin until bitcoin users are no longer in the country. This is a technology system or even more using an internet system that everyone can outsmart to use it.


Title: Re: will be Bitcoin centralized ?
Post by: hstokes on September 11, 2018, 03:13:50 PM
As for the bitcoin itself, it's not possible to be centralized.


Title: Re: will be Bitcoin centralized ?
Post by: stely on September 11, 2018, 03:15:52 PM
Yes, it is true that bitcoin is decentralized and Governments might not allow it to go mainstream but centralization is against the idea of the foundation of bitcoin. It was created so that it remains decentralized. Governments will need to regulate it rather than banning it.
When you look at two networks like bitcoin and a central bank, one is centralized and one is not. If we want it [Bitcoin] to scale we have to compromise, which means we need to get to some level of centralization.


Title: Re: will be Bitcoin centralized ?
Post by: EUM on September 11, 2018, 03:50:32 PM
Crypto currency should not be centralized. The Crypto-currency was created as an element of payment, which was supposed to withstand inflation, centralization and keep anonymity of purse holders. This is the business concept of crypto currency.


Title: Re: will be Bitcoin centralized ?
Post by: KridNewoj on September 11, 2018, 03:56:57 PM
I do not think that bitcoin will be centralized because ,bitcoin is design and launched as digital decentralized cryptocurrency, but it might   be only centralized if the cryptocurrency is been accepted by the government around the world.


Title: Re: will be Bitcoin centralized ?
Post by: mxyzptlkof6th on September 11, 2018, 03:59:48 PM
For me i think no, bitcoin will be not be centralized. Because the crypto was created as an element of payment. Be only centralized by the government.


Title: Re: will be Bitcoin centralized ?
Post by: pragna on September 11, 2018, 04:05:44 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Yes, it is possible. Now some government accept this some government are not. Thats why it is still not centralized. But i think when whole world government body will accept it, it will be centralized and will be under control to all. I think whole world now thinking also about this as it using block chain technology. ;D ;D


Title: Re: will be Bitcoin centralized ?
Post by: Kay94 on September 11, 2018, 04:06:06 PM
All blockchains are created on a simple technology and they are all in a decentralized form and this the reason why people are afraid of it. There is no way btc can be centraclized. Maybe in the second world of cryptocurrencies to come.


Title: Re: will be Bitcoin centralized ?
Post by: Usafstar on September 11, 2018, 05:55:24 PM
In my opinion bitcoin will not centralized because the importance of bitcoin is because it can not control by the organizations like central banks etc because they are managing fiat through this way and bitcoin is difficult to control while it will ever decentralized and it's use will more rise once the people demand rise for it and many businesses like post department in our country accepting bitcoin for payment and it is not the last many new businesses are planing for it to accept like fiat.


Title: Re: will be Bitcoin centralized ?
Post by: beyasuli on September 12, 2018, 08:14:18 AM
I do not think that bitcoin will be centralized because ,bitcoin is design and launched as digital decentralized cryptocurrency, but it might   be only centralized if the cryptocurrency is been accepted by the government around the world.
Everything can happen in the future. But for short-term bitcoin it remains decentralized. Because if centralization is applied slowly bitcoin will die. The main characteristic of bitcoin is decentralization, which is monitoring bitcoin carried out by many servers on the blockchain that regulates the movement and records the amount of bitcoin that has been circulating. If centralization is implemented, data manipulation can appear which will cause chaos in the blockchain system.


Title: Re: will be Bitcoin centralized ?
Post by: yitzjoe on September 12, 2018, 09:20:19 AM
to turn bitcoin into centralization is very difficult because it changes the core blockchain and it will cause a lot of problems, but if the regulation of bitcoin in each country is set so well for example from the tax side then it is still possible


Title: Re: will be Bitcoin centralized ?
Post by: teamspike911 on September 12, 2018, 02:56:19 PM
Nope, it just can not be. It is the decentralization of its main feature ... what should happen to bitcoin lost its main idea?
And why would bitcoin be needed at all?


Title: Re: will be Bitcoin centralized ?
Post by: harbin55 on September 17, 2018, 03:40:51 PM
I guess no. Most of the people around the world know about Bitcoin and the its outstanding value of course. People will not allow that though, if that happen illegal mining and working will work on. There's VPN though so people will work and get BTC but that will never happen for me. Impossible to happen since it is very popular on so many country in the world. It may be ban but not Centralized.


Title: Re: will be Bitcoin centralized ?
Post by: #davidnugroho on September 17, 2018, 03:45:02 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

it only takes time for bitcoin to be centralized again and can be controlled by the government with the development of new things.


Title: Re: will be Bitcoin centralized ?
Post by: Xena_Xena on September 17, 2018, 03:52:05 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

Bitcoin can be considered decentralized. But only count. No one will tell us about the identity of Satoshi Nakamoto and how many people this is. We do not know whether the father of Bitcoin has any special rights in the blockchain of bitcoin, and therefore bitcoin is only "conditionally decentralized."

There will be no complete centralization. This contradicts the very essence of the crypto currency and turns bitcoin into PayPal we know. But in the case of legalization bitcoin as a currency, nothing prevents to track people exchanging bitcoin for dollars in exchangers. The transition to fiat currencies will always be accompanied by the appearance of an electronic traces. But inside the blockchain we can maintain our anonymity.

In addition, studies were conducted and it was proved that the underworld preferred to use the dollar. Using crypto currency for money laundering and stuff ... it's too expensive for the underworld.


Title: Re: will be Bitcoin centralized ?
Post by: quoctien1997 on September 17, 2018, 03:54:24 PM
Yes, I agree with your opinion. True, if Bitcoin is focused, it will have serious consequences, giving the criminal a chance to launder money and hide their illegal behavior.


Title: Re: will be Bitcoin centralized ?
Post by: Xena_Xena on September 17, 2018, 03:55:17 PM
it only takes time for bitcoin to be centralized again and can be controlled by the government with the development of new things.

The centralized bitcoin will lose all its advantages as a payment system. I can allow regulation, but not centralization.


Title: Re: will be Bitcoin centralized ?
Post by: Loopper on September 17, 2018, 03:56:09 PM
to turn bitcoin into centralization is very difficult because it changes the core blockchain and it will cause a lot of problems, but if the regulation of bitcoin in each country is set so well for example from the tax side then it is still possible

Anything that can happen in the future because of its cryptographic development because we can only see the next development that occurs with crypto.


Title: Re: will be Bitcoin centralized ?
Post by: Xena_Xena on September 17, 2018, 03:57:20 PM
Nope, it just can not be. It is the decentralization of its main feature ... what should happen to bitcoin lost its main idea?
And why would bitcoin be needed at all?
I agree with you


Title: Re: will be Bitcoin centralized ?
Post by: Xena_Xena on September 17, 2018, 04:04:30 PM
if bitcoin is centralized maybe transaction costs and others will increase, because all about bitcoin will be regulated by the center.
but I think bitcoin will not be centralized, bitcoin will become decentralized, any government cannot regulate bitcoin unless they ban it

Bitcoin can not be centralized. This is technically contrary to its essence.


Title: Re: will be Bitcoin centralized ?
Post by: Xena_Xena on September 17, 2018, 04:10:29 PM
It will never be centralized unless Satoshi change how bitcoin was developed the rules. This bitcoin was founded in a way that was created. If it will be centralized the more hassle. Like taxes, more corruption, government interfere, and banks limit.

Then in bitcoin as in the payment system there is no need.


Title: Re: will be Bitcoin centralized ?
Post by: visionE2 on September 17, 2018, 04:25:51 PM
bitcoin never can be centralized because the system of bitcoin is fixed to be decentralized through peer-to-peer system and noted on blockchain system


Title: Re: will be Bitcoin centralized ?
Post by: Kasliono on September 17, 2018, 04:26:50 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Actually, as we already know that there are several market which centralized and also some of them are decentralized. When we invested or put our bitcoin into the Exchange which is centralized, it is mean that the bitcoin already centralized, which you cannot do the thing for your asset without any permission of the market. Even they can say that the market has been hacked then we lose our asset.


Title: Re: will be Bitcoin centralized ?
Post by: muhammedb on September 17, 2018, 06:26:51 PM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
I don't see bitcoin as a centralized platform, because once bitcoin is been categorized as centralized platform it will lose it value and it will now be complicated compare to decentralized platform because by them you each and every holder of bitcoin will need access from the control before he or she can accessed it investment which won't be a good management for bitcoin.


Title: Re: will be Bitcoin centralized ?
Post by: fosco333 on September 18, 2018, 04:22:03 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?

But that is the purpose of creating cryptocurrency, an encrypted currency, so anyone who want to decrypt, will need to provide the key.
If centralized, some peoples can know your balance or transactions if they manage the database.
Cryptocurrency is not illegal just because peoples coins cannot be traced.


Title: Re: will be Bitcoin centralized ?
Post by: galambo on September 18, 2018, 04:27:32 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
No. Bitcoins can never be centralised ever. Being centralised means that government can have the full control over it and also they could easily track and control the circulations. Bitcoins are not actually meant for anyone to track down or to control the circulation. Bitcoins work on their won for their own so they will always remain decentralised and will never get into the centralised world for any reason. the community should accept bitcoins s they are and should get them to use as they are. Bitcoins are much profitable in the decentralised form and we never know what will happen to them when they get turned into centralised. Perhaps the government can turn bitcoins into the form of other fiat currencies which would truely not be expected by all the major bitcoiners. So always let bitcoins stay as they want always.


Title: Re: will be Bitcoin centralized ?
Post by: SusanAnn on September 18, 2018, 04:29:18 AM
why not man? If bitcoin want to become legal currency, it must be regulated to be centralised


Title: Re: will be Bitcoin centralized ?
Post by: dominional on September 18, 2018, 11:16:49 AM
Am not sure bitcoin will be centralized  because so many countries  have not heard about bicoin will has stand as an obstacle to the centralization of bitcoin because must hear and know it before it will be accepted


Title: Re: will be Bitcoin centralized ?
Post by: kaisa on September 18, 2018, 11:42:13 AM
The bitcoin system will forever be decentralized but strangely, exchanger systems and platforms that support bitcoin networks are mostly centralized. some even say the lightning network system is centralized. I am not sure that the country will adopt bitcoin to be used as digital payments, but the state makes it possible to make their own digital payment devices with guided or semi-centralized blockchain technology. through smart contracts, the state can control their crypto.


Title: Re: will be Bitcoin centralized ?
Post by: skish85 on September 18, 2018, 11:59:36 AM
Why make it centralized? If ever this happens, bitcoin will lose its value and feature. Then why it was created will lose all meaning.


Title: Re: will be Bitcoin centralized ?
Post by: calandra78 on September 18, 2018, 12:18:45 PM
Exchange basically creates a situation where only coins that can increase the cost of being registered can grow. This is not healthy for the crypto community, whose starting point from the beginning was decentralization. Without a centralized exchange, the possibility that bitcoin will not become the dominant crypto in the market. That's because the market volume around other crypto will also increase, based on their technical capabilities.


Title: Re: will be Bitcoin centralized ?
Post by: Crungcrungtin on September 18, 2018, 12:22:45 PM
in the mere future, but now... if bitcoin will be centralized, many people use bitcoin as currency and not the main currency


Title: Re: will be Bitcoin centralized ?
Post by: seoincorporation on September 18, 2018, 12:40:43 PM
as per governments view, they never accept decentralized bitcoin.
If bitcoin where centralized govs would not accept them any way and the institution behind bitcoin would be already on jail.
Is better this way because no one can control it.

the major reason is they unable to track the sender and receiver.
If they are unable to track bitcoin, can you explain this image?
https://bravenewcoin.com/assets/Uploads/_resampled/ResizedImageWzcyMCw0NTRd/MTGOX-Timeline-6.png
Those are the bitcoins lost in the Mtgox scandal, and yes they got traced.

smuggling and black money can send anywhere without third party knowledge.
Not really, now big brother keeps an eye on each moving bitcoin. 

so do you all think bitcoin can be centralized ? can be do ?
No, never, is on it's nature to be decentralized and it will stay that way, That's something who can't change.


Title: Re: will be Bitcoin centralized ?
Post by: hildacitra on September 18, 2018, 11:54:57 PM
No, it can be centralized. Bitcoin and other Crypto currency were created for decentralized forever. It aims to make the world easier and eradicate the taxation system implement by government in all countries. Government probably can use or adopt its system as some countries recently legalize Bitcoin and other crypto for payments, but it is not centralized. 


Title: Re: will be Bitcoin centralized ?
Post by: gesdan on September 18, 2018, 11:58:21 PM
if all country in the world will agree with this and will makes bitcoin legal in that country i think it will happen that bitcoin use the centralized system and i hope that it will makes the changes in the future about it


Title: Re: will be Bitcoin centralized ?
Post by: Cryptogid on September 19, 2018, 02:05:37 AM
Bitcoin being centralized is not possible, the nature of bitcoin is decentralized, anything outside this thoughts,it might not work,forget government interest to fight corruption.. They themselves are not clean..


Title: Re: will be Bitcoin centralized ?
Post by: Alex_Kidd on September 19, 2018, 02:54:52 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Bitcoin has been created not to be centralized, if that happens, then it also ends its reason to exist. Anyway I don't think it'll ever become centralized.


Title: Re: will be Bitcoin centralized ?
Post by: Janation on September 19, 2018, 02:59:15 AM
as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

so do you all think bitcoin can be centralized ? can be do ?
Bitcoin has been created not to be centralized, if that happens, then it also ends its reason to exist. Anyway I don't think it'll ever become centralized.

That is the reason why Bitcoin will never be centralized. Bitcoin is a decentralized cryptocurrency to start with and with it's centralization, I don't think people will still be using it for investment since the government will be able to control the price.

I don't want it to be centralized since I want to invest on a cryptocurrency and I don't want the government from making any deductions to it. It is not like that I don't want to pay taxes but I just want to earn money without having a problem of paying the taxes.


Title: Re: will be Bitcoin centralized ?
Post by: vainnew on September 20, 2018, 02:54:04 AM
I don't think that bitcoin will be centralized. For many people, convenience and cost are strong enough benefits to justify the continued use of centralized exchanges, but there are also risks involved. The largest risk, and one that many have highlighted in recent times, is the chance your cryptocurrency will be confiscated or compromised. Even if the centralized exchange doesn’t act in explicit bad faith, their entire network is set up like a honeypot that just serves to motivate hackers.


Title: Re: will be Bitcoin centralized ?
Post by: CoinsGazer on September 21, 2018, 12:06:21 AM
Many people say that Bitcoin will become more and more centralized because there are several large mines that can mine bitcoins. They account for most of the mining share and are already centralized. But in the future, mining chips will become cheaper and cheaper. Everyone can mine, and even every small electrical appliance can mine. Just like when the computer just appeared, only a few people can use it. It is also very central. But now everyone has a computer. So from this perspective, Bitcoin is hard to become central.


Title: Re: will be Bitcoin centralized ?
Post by: DisWhale on September 21, 2018, 12:46:03 AM
The technology behind Bitcoin which is decentralized cannot be changed. Bitcoin will forever remain decentralized. However, the exchanges and merchants involved in its operations may be regulated in order to check the transactions of Bitcoin that pass their platforms.


Title: Re: will be Bitcoin centralized ?
Post by: fuer44 on September 21, 2018, 01:05:55 AM
maybe if bitcoin becomes centralized, then the government can accept bitcoin because they can take full authority over bitcoin. the first step is, the government must provide clear regulation to bitcoin, to further take that authority and make bitcoin like ico which is centralized.


Title: Re: will be Bitcoin centralized ?
Post by: mklost on September 21, 2018, 01:18:10 AM
Many countries governments are trying to pull down bitcoin under regulations. I don't know who submitted the application to regulate bitcoin to the SEC! Though SEC is rejecting bitcoin and cryptocurrency continuously. So, I think bitcoin won't be centralized and that will be not good for us. We feel safe and comfortable because Bitcoin transactions are anonymous. If bitcoin goes under regulations, then that will be not anonymous anymore.