Bitcoin Forum

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

Of course financial advisors still advice to put your money in a bank or in stocks or something like that, do you want to know why? The reason is simple if you didn't they will have to look for another job and they will not be able to earn a fortune by telling people common sense advice, if you invest in bitcoin or in other cryptocurrencies you can earn in a year what they earn in a lifetime.

the argument has never been about "which one is the best"! the argument has always been about pros and cons of each system and bitcoin is preferred over centralized currencies in many cases by many people because of its decentralization and the fact that it will be free of corruption as a currency.

it is not "virtual" it is "digital" there is a big difference between these two words. use a dictionary.
and people aren't afraid of bitcoin because of that, instead they are afraid of it because of its volatility, because of it being new and because of all the FUDs.

It's definitely better to choose decentralized money because it make sense that any kind of people can participate to this even if others are poor one or a rich one.All people has a chance to develop and enrich their financial aspects without any manipulation and permission by any one whose in the higher position. It is true that financial freedom is one of the very important thing to people in able to reach their success in life.   

Centralized system promotes despotism. Decentralized system allows you to truly control your money.

For me its better to use Decentralized money because you can control it not like on banks and Decentralized money like Bitcoin is doing good pumps so you will get many profit not like 1% or 2% per year.

Decentralization is the best because you are holding the coin of yours but in centralized system someone is controlling your funds so you need to decide which one is best.Most of the people are afraid of bitcoin price because the price is bumping and dumping too often so it can't be used as currency yet.

Decentralized ftw! Centralized money is causing way too many security problems. To ensure the safety of then ational gold reserves, there is Fort Knox, which way more expensive than ensuring the safety of a decentralized money system. That's why we're all here. In Crypto We Believe.

both of them exist and they don't have to contradict each other. they can both live side by side and each satisfy a different kind of need.

the centralized money is limited to one country, it is tied to its economy for example and it is in the control of the government.
bitcoin as the decentralized currency is global and it is not affected by local laws or economy, etc. and this "nobody controls it" feature is a very good one.

In any system,  a decentralized system is always the best we can see how Amazon,  airbnb and Alibaba as gone so far

Decentralised currency seems to be much better than centralised currency.Here in decentralised currency,we are free to use it without being monitored by any authorities and not having any limits to send and withdraw.Also,currencies like bitcoin are free from deflation due to their limited supply unlike USD printed infinitely.Also,decentralised currencies could not be devalued by governments like what Indian government did by demonitising high value notes thus shattering the trust of normal people.That's why,people have started to see decentralised currencies as a safe haven.

i find this hard to believe LOL.
financial advisers, advise you to invest your money in real businesses to first gain a better profit and also at the same time help the economy by having your money in real things not have it sleeping in banks for a tiny profit.
investing in a bank is good for saving, that is why it is called "savings account" and it is a guaranteed profit so it has a very low risk compared to anything else.

Decentralized digital money has a number of undeniable advantages. However, as we see, due to the large volatility of the crypto currency, it is rather difficult to use as a means of payment. For this reason, it can not be used as the main means of payment. In addition, since the crypto currency is not provided and is not regulated by the central body, its increase in price, since it is formed exclusively on the basis of the supply-demand ratio,
 clearly shows the nature of it as a financial bubble. In order to preserve the dignity of the crypto currency and eliminate its risks, this decentralized crypto currency should, in my opinion, be moderately regulated by the states.

For me decentralized money is the best that is why it got bery popular in less time period less than 10 years of invention.And you can use it as you want but it has pros and cons so it is beased on the who are using it.

Absolutely decentralised money bringing a opportunity for you to use your currency as your wish! and you don't need to any explanation for your digital money related activities.  also you can gain more profit from digital money if it's value rising then present.

A Crypto currency can still be built on a decentralized network and still be centralized. Take all these Blockchain based <private> technologies that are being developed. They will store the "Blockchain" in a decentralized manner for more security, but it will be privately managed by a centralized authority.

The distinction should be made between "private" and "public" decentralization of the network. These "private" decentralized technologies are the biggest threat, because their decisions are not based on the consensus of the public, but rather the decision of a centralized authority.

The Bank that owns this decentralized network makes all the decisions and implement them by pushing the new changes to all of their privately owned "nodes" <See the danger in that?>

In as much as decentralized money offers freedom and secured access to your funds it's highly volatile because there is no central control of its inflation like centralized money and so you could go from a million to a zero within a short period of time.

Sounds interesting when we know we can gain an income in one year that they only can gain it for lifetime working.
Thats what people want from bitcoin so thats why many people interest and try to join bitcoin. Its include me.

Both have their cons and pros, regarding the decentralised money you will be having full control on your money, your digital currency can't get freeze like banks use to freeze suspected accounts. No need 3rd party interference for your money transaction and this decentralized system is giving freedom to the financial system to anyone. For example, there are many countries in the world consider rural areas who don't have access to banking system or can't afford the high fees implemented by banks, for these people adopting decentralized system is best. But one more thing if you lose your digital currency you can't claim to anyone for reverse transaction or funds lost due to revealing your PK by mistake.
Let's come to centralized system i.e. banks, they have control on your transactions if hacking takes place on their servers or ATM and your money is stolen then banks will reimburse you for your lose unlike in decentralized as there is no authority controlling decentralized system.
People must adopt any means of financial service as per their needs.
And obviously financial analyst will advise you to put money in banks, don't they want to make profits from our money?

So this rant is basically about interest rates, and how it's nothing compared to Bitcoin's growth? Investing isn't the correct word to use in this context either, especially because we're talking about currency.

Banks are meant to keep your money, not grow it; interest rates are just there to encourage you to keep your money there and soften the impact of inflation somewhat. Bitcoin on the other hand is just currency, which people are using for investments because of its tendency to grow explosively. If your sole concern is profits, then Bitcoin is far better, though it also comes with the risk of you losing money to wild price swings. This has nothing to do with centralization of money or lack thereof.

Either way, both models have their strengths and neither is perfect. It just boils down to which risks you're willing to take or forego. It's not so black and white that you can declare one better over the other because of one or two aspects. It's mostly a matter of preference.

Decentralize Currency is for you if you like to have your financial freedom. Centralize currency means always being tagged a watched.

Most of the arguments are skewed towards whether advantages and disadvantages between centralized and decentralized platforms. Between government controlled and individually controlled systems and may be away form corruption as opposed to centralized.
Decentralized platform offers freedom of access to your account and a lot of options for its security.
However, it is highly volatile and so many are discouraged. but still, if you are wise enough you can gain from it.

I think not as you think. too complicated and twisted. in essence, in the case of bitcoin. you do not have to bother thinking about fiat or traditional money. Essentially, everyone is currently looking for the benefits that can be gained from bitcoin. whether it be trade, mining or investment. basically bitcoin is created to cope financially as the banks do not. and now bitcoin has evolved not just the virtual currency, but rather the very valuable asset.

Decentralized money is definitely more appealing than the centralized banking systems, the Banks tend to lend out your money and charge high interest rates for it making a kill,while only giving you a small portion as interest, decentralized money on the other hand can rapidly gain value over a short period of time and earn good returns.its also not controlled by any one making its operation simpler.

Centralized money is more safety because they are people who are administrating transactions.

Centralize is what most of the population use and trust. Change takes time and sure decentralized money will be the future.
For me it takes time to understand as example i am a social volunteer and run some welfare organizations and i know how hard it is to accept donations in real world. Theres a layer of layers entities from where the donations passes. ie. the one who collect take there cut then it goes to banks which is controlled by governments then the local organizations every one just making there cut and forward the remaining on ground work.

As a decentralized money it comes directly without any government or large organisations.

Nether you like it or not we are now on a high technology world, in this world cryptocurrency is a decentralized platform of money suites in this world because this money solve and break the money barrier of the world because you can purchase anything wherever you go in this world and you can bring it anywhere without bother to anyone and the decentralized money controlled by you. and I think it is the most advantage in many ways and better than centralized money.

Both have different advantage and disadvantages but i will prefer the use of centralized money because it is safer than decentralized. Centralized money has a control where it can lasts in a very long time while decentralized money is risky , the price varies on how the demand is high and so the supply and it is not backed by physical valuables like gold.

Centralized money have ruled the world for a decade and it is outdated now. Each and everything needs a change and centralized money also needs a change at this time.

Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.

Yes, decentralized money are the fiat money that every society uses today and it is full of regulation by the central bank as the central control, unlike bitcoin that are decentralized therefore there is no central control and all its transaction is mostly anonymous. There is a feasibility that crypto currency will be the future or the new form of money on the new era as our world continue marching for acquiring advance technology that will change humanity's life style.

Financial analyst would suggest not to invest your money in decentralized currencies because you will have an idea later on that you do not need them anymore because you will earn good income so they would lose an income too. If they suggest to put your money in the bank or in traditional investment vehicle like stocks and mutual funds then you will earn after a few years which means you will need their services for a few years and they would earn more income. There are still so many people who think that this is scam because those bankers are spreading negative information and people believe in banks.

The difference between decentralized vs. Centralized money is centralized “the concentration of control of an activity or organization under a single authority.” while decentralized is the movement of departments of a large organization away from a single administrative center to other locations.”

The currency is centralized and controlled, managed. Bitcoin is not, it is decentralized, unmanaged, all have the right to own and control it.

Centralization is the concentration of control of an activity or organization under a single authority. Decentralization is,the movement of departments of a large organization away from a single administrative center to other locations. Essentially, if something is centralized, there’s a single point that does all of the work involved in any given action. On the flip side, if something is decentralized, there are multiple points that do the work.

You know what I think? I think people like you should stop making fiat and cryptos look like enemies together with the people who support them. The reason why is absolutely simple, it is because for people that use fiat alone, they only need fiat, but for us crypto people, we need both. But none of us are either wrong or right with what we choose to use. Because both fiat and cryptos have their own share of pros and cons. And if people are wise enough to see, they will not look at fiat and cryptos as enemies and want the other to disappear. Just think about it.

In decentralized architecture there are multiple advantages over centrally governed currencies.

1. Fast and secure transactions
2. Low transaction fees
3. Security is inbuilt with Blockchain architecture
4. Redundancy is available
5. Anonymity can be achieved if anyone want

Think about it, at the beginning of 2017 the price was 1000 at the end it was 20000 a 20 times increase in value in just one year, in what investment you can get those kind of profits in just a single year? The stock market in a good year will give you 10% that is nothing compared to what you can get in the market of cryptocurrencies, yes there is a big risk but if you are willing to take it and you are patient and you select the right coin then you can make a significant amount of money.

if you look at the bank system now, that is centralized. The database must be high availability, cannot be down even a few secs.
but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.

Both centralized and decentralized networks currently exist in popular platforms. Centralized platforms certainly have their time and place, especially for watching all activity on a network. Blockchain, and decentralized (peer-to-peer) networks are poised to become the biggest thing since sliced bread. In addition to affecting large companies, it’s a great tool for the individual. Blockchain is for everybody!

Centralized money is good for state economics, it would be impossible to have tax policy and control businesses without centralized system. Decentralized system has certainly its advantages, but it makes easy to commit some crimes.

Centralized money is the money that we are using today. Everything that you can see can be bought using cash but, this type of money is taxable and when you transact with others like this one, you need an intervention like banks, contracts. Decentralized money can be operated without any intervention using peer-to-peer network connection where in you can transact with others overseas without any intervention.

Before the introduction of the crypto currencies, this world was least aware of the concept of the decentralized nature of the money and all they knew was there is only one type of money and that is centralized money. However, things have changed very much now and that this world is really experiencing a very positive change and that by the introduction of the decentralized money, things have started getting better.

I would choose decentralized money or bitcoin ,
I think it is much more better than the centralized money I think we all want some freedom and I think it is a way to be free from the government.

If I were to answer that question I would definitely say that decentralized currency is the best form of currency at the current moment because of the high convenience as well as the economic benefits it could offer to the world economy, but it does not mean that centralized currency will be set aside, in fact decentralized currency cannot replaced the centralized money since we have a government.

Both centralized money and decentralized money have its own advantages and disadvantages. Centralized money is being controlled by some few which leads to overproduction or overprinting of fiat money. Decentralized money is good but the problem is that whenever there are problems that needs to be solved their is a need for a consensus that sometimes caused conflicts between the community and in the end will result to a split.

centralized money like banks system are controlled by regulations and governments.
but bitcoin and cryptocurrencies are decentralized system, no centralized system can control it.
i think decentralized system have more advantages and freedom.

While there is no doubt that decentralized currencies have the huge disadvantage that you need consensus, at the same time that is a protection that means that no centralized party can try to impose his views about what it should be done with the currency because that means they'll be impossible to print too much of it or to change the protocol in something people do not want.

Centralize money is the one we are currently using or the paper money, decentralized is the digital money that is stored in a system which can be access online. And it is decentralize because it is not manipulated by any government, and no third party involve when it comes to transactions.

I think that most people would agree that today it is better to give preference to the decentralized money due to the obvious reasons. First of all, it provides you with the better security level and you get more freedom being able to manage your money.

 ;) ;) My thoughts are just like you. There is no reason to be afraid of fear. There will be another time to come again once. If you do not get a rick, it can not be beneficial.  ;) ;)

Decentralized money is way better than centralized ones.  The advantages are just too numerous to count.
The major advantage of decentralized money over centralized ones is that the government don't get to control it. Individuals control their money with no interference from the government or other regulating bodies. Another advantage is that there is no payment of taxes over all transactions mad using decentralized currency and so transactions can be made freely without any fear of taxes.
Banks' transaction fee over centralized money is just way too much. Imagine a bank charging over $700 on a transaction of $5000 whereas the highest transaction fee you can be charge when transacting using decentralized money is less that $30.

The debate of decentralization vs centralization is always polarizing. Decentralization is seen as a good thing in the cryptocurrency world. It turns anything that’s normally controlled by overbearing centralized authorities into a slippery eel that’s hard to shut down on.

Centralize money are know as physical currency which are created by national of their own where as decentralised money are known as electronic currency. Centralize money are under control by a nation or a person or authority where as the decentralised currency is not control of any kind of authority or person. Centralize currency are controlled currency so it is less volatile so its is less disturb in its production and distribution where as decentralised currency are uncontrolled currency so it is highly volatile in nature.

Centralised money is what paper currency is, all the Fiat currency is centralised currency which is approved by the government of their respective nations and now a days these currencies are been in use for having general transactions and on the contarary decentralised currency is all crypto currencies which is not approved by any government, though there are few nations who has legalised crypto but if we look for the globally then crypto currencies are still decentralised currencies.

For me i would prefer decentralized because decentralized are not controlled by the government you can do whatever you  want to do with your money...

Well, few years earlier people were afraid to keep money in a card. But today they are using it as they did for fiat money. Many are saying of crypto that these are virtual not trusted, but one day they will use it and will feel secure.

If you compare centralised money and decentralised money, decentralised is the best one.The centralised coin price is controlled by some one else. But decentralised coin is free from individual control.Most of the people prefer to inverse in decentralised currency.

When looking at it, they both have their advantage and disadvantage. Centralization have lot;s of manipulation and people have refused to notice that the banks now deals on electronic money which can easily be manipulated unlike before. Everything is all digits now and who says that they are worth that amount they claim is in their reserve. Decentralization gives power to the people but what can't be controlled will always be misused. Theft and hackers everywhere which some still thinks that a bit of centralization needs to be in place.

I think the best idea is using both of them. It is very simple. If you work somewhere you can safe for 50% of your money by Cat and the other you can invest into bitcoin for example. You will get benefit from all these two parts.

they are afraid to put money on bitcoins, because they are less understood with technology or don't understand technology. different from real currency, even people who don't understand reading can understand about real currency, because from the first everyone in the world using the real eye, and the state organize it. so it has a guarantee and rule of law. while bitcoin, this newborn. and only thrive on computer and internet networks. so not everyone knows it. and there is no regulation from all countries.

In my own perspective, i would choose decentralized rather than centralized system in money regulation. Because with that decentralized system, we can have a absolute power to our own money and assets no matter what happen.

In my opinion, our monetary system right now is not capable to handle economic crisis. Central banks as central monetary system sometimes not transparant with their policy and just printing more paper money to boost economic growth.

Decentralized money is definitely more attractive than centralized banking systems, Banks tend to give their money and demand high interest rates for what they kill, but only provide a small portion, like interest, decentralized money, on the other hand can quickly get a benefit for a short period of time.

      Centralized money means it is controlled by a third party involvement and decentralized money means it is not controlled by a third party it is a peer to peer form of transaction .Centralized  platform means all the information's of the data should enter into a central point that means that we have to send or receive information through the central point only .Decentralized platform needs no information's to enter a single point since it is a peer to peer mode of transaction.

Who the fuck prefers fiat money instead of decentralized money AKKA bitcoin or any other crypto coin? Mate, it makes no sense, i am more than sure in that 30% of the people in here prefer crypto instead of fiat for daily needs, it is much more faster.

Of course, for an average person, a decentralized financial system will be much more profitable. However, the ruling elites do not benefit from this, because of which we see a large number of countries where bitcoin is being injected, or crypto-currencies in general.

Of course it's better to decentralize money, it make more convenient. It is decentralize! It means that there is no hassle. Even if you are at home you can do any transaction, and another way to earn extra income without tax.

We don't have a choice if our countries aren't really adopting crypto's or they are only ignoring it.

People here in the forum aren't the total number and population of the world. We're not even close to 10% of total world's population who prefer to use crypto's instead of fiat.

Of course centralized system is old but now the time is for decentralized system. The decentralized is a digital method. In the past, centralized methods were used that was controlled. But decentralized method is uncontrolled to anyone. For this reason some people are confused for it. But the decentralized method has invented for not to confuse anyone is has invented for betterment of the world.

Another the banks are still advising to keep your money safe in bank but in bank you have to give them a particular amount of fees. But you do not have to give any fees in decentralized system.Also there is no apologies in decentralized system but you have to give a particular fees for the transactions.

Both or them are benificial if you know how to mange it well. Decentralized currency like bitcoin can be trade to centralize money or what we are using, its fiat. As long as you can decentralized money are acceptable, for me, i choose it because it has a high value when you convert or trade it to fiat.

this is the talk of many countries as the era of modernization continues to evolve for the advancement of life into a big problem that will eliminate traditions such as this currency, and this is one of the causes of some countries that still ban digital money spread in the country about not want to get rid of their traditional currency characteristic of the country.

That is a traditional way of saving your money putting it on a banks. Banks are going to get unbundled.  Data is going to get unbundled.  Different processes that now are centralized are going to be unbundled.  That offers a gigantic opportunity for startups.
In free markets where you want a transparent price decentralization is the best way to go. Centralized strategies can work when you have a limited target market that you want to drive deep into. Decentralized markets make better decisions than centralized ones.
 

It is much better to centralize money than to decentralize because in terms of centralize everything in the business transactions are in the proper places and it is distribution properly.

centralized money is for people who are not capable of being their own bank therefore securing their own finance. It's caused by lack of knowledge and care. If you can't handle decentralized money, don't do it, but don't complain

traditional methods of investment should be considered, but not completely, but only for diversification. therefore, it is impossible to be a fully fanatic of bitcoin

It is only personal choice. It depends in what area are you working and for what you spend your money. As for me the best thing will be connect 2 in 1, how centralised and decentralized money for your shopping and all you need.

Everyone has the opportunity to grow and enrich their financial aspects without any manipulation and permission of any one in higher positions.

In the centralized system, like banks, whole money of yours is put in the market by banks and the government. You really don't have exact idea of what is being done with your money. The whole authority like planning and decision making lies with the top-level management whereas when it comes to decentralized money, the communication flow is open and free. Here decision making becomes relatively faster and the authority lies with multiple people which makes the system limpid.

If you want to focus on money for other purposes as well for other projects that you do not want to invest in bitcoin is not a problem but one thing is that you will not have many opportunities to Wealthy by investing in digital money

Centralized is controlled by a government or a company. It has value only in the specific area under company or government boundaries. While Decentralized has no connection with any state, government or  is registered on online exchanges and are usually only traded within the crypto community, except for the more mainstream ones like Bitcoin and Ether.

well, there is pro and con in decentralized and cetralized money. I believe both are good way but i do think in the future the old way would not good enough and we do need a development and new things that could makes our transaction faster, cheaper, flexible and also secure. I think storing your money on bank is not for value but more for security and safety of the money. The interest that offered by bank is only to maintain the value of the money from devaluation so if you wanted to invest and gain more interest and with a certain particular risk you should not safe your money on bank.

There are a lot of substantial differences in centralized money and decentralized money. In the former there is always a top-level authority who decides the investment strategies where in decentralized system, no as such management system is stationed and the system is very much glassy. Flow of communication in the latter is open and free whereas in the case of centralized money, communication flow is vertical.

Of course financial institutions and financial advisors choose Banks to keep their money safe. Unlike the Bitcoin whose properties always go up and down its price.

But I also do not dismiss this circumstance because some of my money is kept in Bank Fiat-shaped, to keep my capital in terms of Bitcoin trading.

In my point of view crypto is not good investment for normal people who dunno anything about crypto. It's simply too risky investment. Most of the people keep their money in the bank, because bank can give him a little extra money, but mainly there is very little chance, that value will somehow drastically decrease. Crypto is good investment just for people who trust, that blockchain will be successful.

Here and so everything is clear, if you allow completely decentralized currencies, then the states will fall apart, and which state wants this, and therefore they try in all ways to contain the appearance of decentralized currencies!

there is no need to discuss this. Of course Bitcoin. However, there are some problems that need to be overcome. Central money will reign until then.

I think decentralized money is way better than the centralized. because, it can give us more freedom and flexibility in our assets. Beside that, with the decentraized, it can reducing the role of third party that can make the costs more expensive.

Yeah exactly. Your money will not actually gain in value unless you take some degree of risk with it. And there are no such things as "medium risk" products, either it's guaranteed and has no risk, or is exposed to extreme deviations, like a market crash.

Financial analysts are sales people representing the bank's need to continue recycling the money. When you tie up more with them, it enables them to lend more out (up to 90% what you put in) and thereby profit immensely on interest rates. That's why they can afford to give you a few percent.

Centralized money like fiat currencies notes,coins and decentralized is virtual money now bitcoin is more popular but many investors afraid to loose because its price is volatile and any agency is not control bitcoin but bitcoin investment is best investment rather than bank investment because we can make handsome profit from bitcoin and bank give us only 2 to 5 percent.

The thing with bitcoin is that it is volatile. In banks there is a guarantee of interest. In cryptos you really can earn a huge profit also loose a whole lot, purely based on what will the value be. They are not afraii because it is digital, they are afraid because of this instability in price.

Well it depends on how you see the situation, for me both centralized and decentralized money is important, centralized money is important to control the inflation and balance the economic while decentralized is important to get the freedom and it's good for investment, as we know centralized investment won't beat the inflation, so there are pro and cons for those two money

A centralized currency has a single entity that decides the aspects of the currency. For the United States, the Federal Reserve is what controls the centralized currency.

A decentralized currency has no single entity deciding the aspects of the currency. With Bitcoin, the protocol and the network are what dictate direction. Anyone can propose changes to the Bitcoin protocol, however the network must agree.

 There are two types of cryptocurrencies , first centralized cryptocurrency , 2nd decentralized.
 Centralized cryptocurrency is controlled by some government or any COMPANY.IT has value only in specific area under company or government boundary.for instance if you go any mart for shopping,mart gives you reward point against your shopping.you collect these points and use these points for shopping.These points are not your currency but work as a currency.These points are also called centralized cryptocurrencies because you can use these points only in mart.These points have no value out side of mart anywhere. But bitcoin is decentralized cryptocurrencies. Decentralized cryptocurrency has no connection with any state,government.

Irrespective of the fact that keeping your money in the bank (centralize) and storing it yourself (decentralized) both have safety and security obligations. It is better to invest your money than just keeping there.

Just a Financial Advisor in connection to a bank will pick a unified cash since keeping money framework is control by few substance. Decentralized is the best for all ordinary individuals with the goal that we can have all money related flexibility.

I think that we all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over bitcoin and I think this is the most probable reason that social defaulters find very easy with bitcoin to have illegal activities and thus discouraging many countries to legalise it in their nation and I think the best solution to this issue is to legalise the bitcoin globally so that every country’s government will then take care of all thebitcoin related activities.

I think they are afraid of risk so they choose a safe way to send money and that is not wrong because everyone has their own choice, There is no right or wrong to suit them or not.

For now, centralized money is more dominant, even the most ideal to be implemented in the world, because all levels of society can use it. While decentralized money tends to be used by people who understand technology, because all transactions are done digitally. You can imagine that in a country that is still poor, there is no internet network. For developed countries, decentralized money can be used because people are smart and internet technology is very fast.

Some years ago i was very skeptical about centralized currency just because of my educational background as an accountant but today i am better informed and i champion decentralized money because i see good future, i see a world where everyone is a potential rich man or woman irrespective of who you are, where you come from and your background.

Decentralized money offers freedom and secured access to your funds you can control and holding the coin of yours but in centralized system someone is controlling your funds so you need to decide which one is best.

The only thing that really makes Bitcoin different than the existing banking and financial transaction system, is that it is censorship resistant. It is that way because it is decentralized so that it cannot be shut down by pinpointing a few select points of failure, and putting the clamps on them. That's because it's peer to peer, and you verify transactions you receive yourself, and don't rely on some other entity to tell you if the transaction you received is correct or not. If running a node gets too expensive for most users to run, then they have to rely on third parties to verify transactions for them, like Coinbase, or Bitpay, or Blockchain.info. They then get power to force through even more centralizing pressure, strengthening their position until they are irreplaceable. What happens then when some powerful states come knocking, and demand a fork to redistribute all coins from a revolutionary party's wallets? Or that all fungibility features be removed? Or that the mining reward schedule be extended forever, to "stimulate growth", aka building a bubble during their rule so they get elected again? We would have completely lost our censorship resistant money. It's only when you at least have the option of verifying your own transactions, that the system is resistant to corruption.

by system, I prefer centralization. because everything that is centralized and regulated by law, or at least there is someone who controls it, will be better.

Since decentralized money was born, it has more advantages than centralize money. For me, decentralize money is freedom and anonymous, that's why the reason why I choose it

The advantages of decentralization also come with some disadvantages.
A major disadvantage is significantly lower efficiency for processing transactions. A trusted centralized transaction clearinghouse is much more efficient than a decentralized cryptocurrency since a centralized authority requires no consensus or proof-of-work; transactions can be confirmed as fast as the clearinghouse's hardware can perform.
Another "disadvantage" is that a decentralized cryptocurrency cannot be easily changed. This may be desireable by some who wish to adapt monetary policy to accomodate new needs. I have "disadvantage" in quotes because I'm leaving out the answer to the question "Whose needs are being accomodated?". A decentralized cryptocurrency like Bitcoin is difficult to change since it requires all full nodes to change the software they are running.

In my opinion both decentralized and centralized our good in the market. It depends on the people who will using it which those two are their like to used. Yes many of us is still afraid to used decentralized because it is not we usually use in any transactions. Putting your money in the bank is not bad because many people usually doing it before decentralization came. Holding or storing your money is not bad because you are starting to accept decentralized.

If told to vote, I prefer decentralized money. Because what we already know, banks are places where greedy people are hungry for wealth.

then the bank will limit use of your money, you can't take all your money in the bank or spend it, because they have that rule, and those who control your money, you don't have complete control, thats what you want? for me of course decentralization will be better

The thing is I seem to like both centralized money and decentralized money.
The fact that I can get to buy stuffs, shop with centralized  gives centralized money  an edge over decentralized money.
There are so many factors that seems to make the public chose centralized money  over decentralized money,one of which is convenience.

Well to differentiate the two, centralized money obviously is more regulated that is why it is not that volatile in terms of value and can be monitored compared to decentralized (well in the first place that is how cryptocurrency coin was programmed). The good thing about cryptocurrencies obviously is it has a store value and it can be used as a business venture by trading compare to the centralized which is just a form of monetary thing. Centralized money degrades physically unlike cryptocoin that is digital that cannot be degraded.

the both form of money are both very fine, one cannot uphold one over another, they are both suitable in their time, i mean 10 to 15 years back, before we started talking crypto currency, the centralized form of money was the known and acceptable form then, but now that everyone is talking cashless, then the centralized form of money can best fit in into this time.

any financial adviser will advice you to go with fiat and banking, I would do same unless you are heavy into crypto.

Centralization of Fiat is still something that is still convenient because it is connected with accountability to the state, various transaction problems can be handled quickly, but it does require more costs. whereas decentralization requires time to educate people around the world through draft regulations that are still very unlikely to be implemented. When we think about security and feeling comfortable, bitcoin is still extreme for ordinary people.

Centralize money are those currency which are under control of any kind of authority or government where as the decentralised currency like bitcoin are doesn't under control of any kind of authority or government. centralize are regulated currency so they are less volatile in nature where as decentralised currency are not so much regulated because of this irregularities produce in their production and distribution and because of this they are volatile in nature. Centralize currency user pay tax to their government and decentralised user does not pay tax to their government.

Decentralized money makes you free from current financial system with all its control and possible frauds. There is no authority that will tell you what to do with Bitcoin. The only thing people afraid of concerning crypto is high volatility.

In our times now, all traditional business we have in this world whether it is private sectors or government agencies are being categorize in centralized business or belong to regulated business industry, while Decentralized which is Bitcoin or crypto's are not control by any of the government in each country. So, for 9 years of decentralization of its existence many of the community here became successful in terms of financials aspects from financial broke going to financial freedom.

People purely has right to make their own desicions about their assets without asking for permission. Financial freedom is very imortant for people. Also, as a course of its nature, centralized system is more expensive than a decentralized money system.

what does decentralised and centralised REALLY mean..(dont give that ledger stuff)..
how and why does decentralised give you more freedom..
how is btc or other altcoins not manipulated! we have seen many examples lately already.
how is it more fair..pump and dumping is rampant and advertised openly by some!
i think most of us (as am I) interested in crypto due to its huge volatility and potential to make a huge profit from the price increase of a coin (it could have been called shares of a company rather than crypto).
whats more in the future when we get tired of the difficulty in using crypto and all the hacks and ease with which we lose /misplace coins, and the huge cuts that exchanges take..we will all be crying for centralisation and some form of regulation..(we've already seen blocks been turned back in time..whatever u call it) so lets relax on the freedom, fair and "decentralisation" talk.
how can an open ledger be a good thing when theres no privacy! thats another story..

We all know this that bitcoin is decentralised crypto currency in almost all part of the world and there are very few countries like South Korea, japan, Florida,Kenya who has legalised the bitcoin in their nation after getting its real fate and potential of bitcoin and on the other hand we have our Fiat currency system which is the most accepted and the centralised form of currency and moreover the bitcoin is considered as superior to these centralised currencies and I think there is no battle between centralised and decentralised crypto currency because in the end bitcoin is the winner.

Centralization is a centralized financial system such as fiat money, where regulation by the central bank is binding and does not follow the rules is considered illegal. Decentralization is an open financial system, it means that all transaction data is on multiple servers that are interrelated, so that they cannot be engineered and misused

bitcoin is not a virtual currency but a digital money, many people are afraid of bitcoin because of its volatility

It's different things because you are talking about investment and fiat so you can't compare bitcoin as fiat.

If you talk about investment aspect, I'm prefer saving bitcoin over fiat because fiat's interest can't compete with my inflation rate.
But if you talk about daily transaction, fiat still my favorite because using crypto as daily transaction have the risk for example when bitcoin decrease 10% in 1 day !

centralize money = biggest fraud in the world but most people don't get it, the value of fiat money decreased over time.
decentralized money = better than fiat currency obviously, there are several shortages though, especially in terms of acceptance and massive adoption.

The centralized currency is a more outdated system. And investing in cryptocurrencies is now much more profitable than savings in a Bank account. So if you are still choosing where to invest, then make preference in the direction of bitcoin.

Each system of centralized and decentralized money has a number of advantages and disadvantages. For daily cash transactions is now more profitable to use Fiat. And if you want to invest money profitably, then it is better to choose cryptocurrencies. They will bring you profit much faster.

I still make a choice in the direction of decentralized money. It has more advantages and prospects in comparison with national money. And the most important thing now is the possibility of profitable investment. You can not get more profit from a Bank Deposit than if you make an investment in bitcoin.

Many financial experts often recommend that you deposit money into a bank or buy a stock, because it is probably safer than investing in bitcoins.

But certainly bitcoin has the potential to become a virtual currency. That fact that it can be used in exchange for goods and services (plus we already have ATMS for it), shows that it’s possible, don’t you think?

The difference between centralized and decentralized currency is quite and as far as I know, decentralized currencies are far better than centralized currencies. Fiat money is good but there are a lot of solutions it cannot offer as things are changing fast. Digital currency is an innovation that is far ahead.

so it all depends on your use of the existence of cryptocurrency itself, if you use cryptocurrency as a payment tool, maybe you no longer need an understanding of being centralized or decentralized, because at that time your money will be used instantly
but if you demand transparency, then the answer is decentralized is better than centralized, because we are given valid and published data, so that transactions are also more reliable

I must pick decentralized over centralized, I don't want someone to rule the money again. And the perks of using decentralized money over centralized money is it never handled by a government or an organizations. It is managed and controlled by the community itself.

Decentralized money, for sure. That’s the key feature of cryptocurrencies, correct?
Cryptocurrencies are striving to be a global currency that is unaffected by regional economic ups and downs, and no single country or corporation can influence or moderate the cryptocurrency. Being decentralized ensures that no one can truly own the cryptocurrency. And this is what makes cryptocurrency special.

centralize money vs. decentralized money (bitcoin) has its own role, they can go hand in hand and support each other. And now it's been proven, many people use bitcoin as a payment tool.

both currency are still useable on different environments . mainly decentralized currencies can work online but centralized currencies are usually being used offline but if i were to choose one between them id say i go with centralized money such as fiats because i dont really use or buy a  bitcoin but rather i only use fiats to buy and save money  .  centralize money is also more legal which means anyone can recognize it and i can easily use it whenever or wherever i go  as it supported by many exchanges  around the globe  .

I think some people do not understand how the decentralized system works and they are scared of making the wrong decision that will lead to losing even though they knew that the decentralized system helps them gain more profit. That is the reason why they still stick to using the centralized system where bank take control of it and they believe that centralized is the safest options.

When we say decentralised money that's there is no existence of particular money in the system because there is no authority who can control the liquidity of the decentralised money. one the other hand fiat money has authority (central bank) who has control over the supply and liquidity of the fiat.

In my opinion. both are very important for all countries and for economic progress in each country. financial development in the world is inseparable from conventional currencies which are centered on the system of a central bank in each country. with the continued development of technology, crypto currencies emerged that were not centralized. This currency is very useful to make it easier for anyone to carry out economic activities. and can help all countries to develop a digital economy.

Decentralization of money is a better option. Centralization equals more power to the small group of people. That is how our current system works. It is not good for society. Decentralization brings everyone to the same level.

Governments are in favour of centralized system as this is the only way political leaders and politicians can have control over the monetory system and humanity.  The bank that owns the centralized financial system are always out to make profits by using the third party to manipulating the money market to they advantages and governments. 
The decentralized financial system on the other hand create equality and that is what we need now to make people progress in their daily activities.  The decentralised is reable and transparent and many of us can benefit from it by just little knowledge and understanding on how it works.

I guess decentralized money has a few advantages over centralized money, like any can invest in this with a basic knowledge of block chain and crypto currency, not regulated and easy to handle.

Yes, the fiat money is more stable than cryptocurrencies. But it is not always stable. There are many countries facing big inflation. Fiat money can be easily printed.

Yes, it is much more better to have a centralize money but I think right now we are way to far from reality.

decentralized is monero ;) ;) ;)

These days there are many options to keep your finances, including various types of money. There are also precious metals, real estate and much more. In our world, there can be no 100 percent better option, as everything changes. Also, each option has its pros and cons. I believe that the best option would be to save money in several ways at once, this increases your chances of success and minimizes the chance of becoming bankrupt.

Central and decentralized funds each have their advantages and disadvantages, so you choose which is better, and not necessarily that who chooses centralization means that decentralization is bad.

The economy is receptive and you need to have a lot of assets so invest in gold, silver, bitcoin, altcoin, money, stocks, real estate and other financial activities.

bitcoin and altcoin is investment and you have your way to invest or not.

Everyone needs to have a financial plan in place and have money IN THE BANK before they should ever consider buying bitcoin or some other cryptocurrency.  There is a difference between the two in terms of investment wise.  Cryptocurrency is a means of payment as well as a speculative investment.  One should have their retirement on track with a proper portfolio made up of financial instruments, as well as have several months of rent/utilities etc on hand inside of their bank account.  Then and only then is it wise to buy cryptocurrency.

Centralize money come with oppressors and dictators while the decentralize money come with freedom and full control. There is a distinct difference between the two types of money and for those who cares about their freedom should embrace the decentralize financial system than the centralize system. With Bitcoin, you are in control, have the authority needed for your accounts and authorization immediate.

The decentralized money is regarded as an asset and not as a real money. No financial advisor will tell you to invest all your money in decentralized money (Bitcoin), and moreover I don’t think that you yourself would be ready to do that, so stop saying what you can’t do, or if you were advised to invest and store all your money in Bitcoin, will you do that? When you already know that it is volatile and you can wake up with more than 50% of the money you invested gone. I know for sure that you’re not going to try it. So, you keep a bigger amount of money that can sustain you in your bank, and invest in bitcoins a small percentage which should be affordable on the event of any unexpected losses.

Bitcoin is speculative investment opportunity due to its intrinsic characteristics and real world usage; being a payment system is one of real world application to get it more demand. No centralized money offers such opportunity to gain big ROI and this is the reason we are preferring it to use/save over our traditional fiats.

While this is true, there are also those disadvantages.

Since this is a decentralized community, people are not really protected with the scams and hacks that are happening. A lot of people are getting hacked and getting scammed but they can't really tell it to someone for those hackers and scammers to get back his money or maybe get them to jail. I am not against decentralization but people should be aware of those too. Though if you know what you are doing and you can take care of your wallet, secure it. I guess there are no problems about that at all.

Decentralized money is much better than centralized money, in decentralized money we have full control of our money and we can send it to anyone at any time but in centralized money we are limited to have full control of our money, and also in decentralized money we earn with no stress, while centralized we have to labour or stress to make the money.

 I think both centralize and decentralize money are the best but the argument must be all about the usage,the system and the value of it. If we look on centralize money,it is more safe than decentralize because it was tangible and we can keep it in bank for security since it was issued by the government through banks. Its value is stable and everyone can use it with no hassle even a child or an old person. Decentralize is also better because you have a full freedom unto it and there is no single authority who control it,only you.The problem is the adoption and the volatility of it that's why not all people are using it.

But Decentralize money are so volatile and not yet accepted in all countries. Also it always need an internet to access your account and make transaction. Although decentralize is good but so far centralize money is more useful because it was issued by the government at you can use it anywhere, anytime.

Many financial analysts are simply obliged to push you to invest money in the bank, otherwise they will lose their jobs and will be left without customers.

You say that cryptocurrency is virtual money, but how much real money are real money for you? Which in most cases are not backed up by anything, and are able to print without stopping, which reduces their value.

Decentralized money is good because you can grow it quickly by investing, unlike to centralized money if you deposit it in the bank your interest maybe range only from 1-2 per percent per year. But the good thing for centralized money is it's easy to carry wherever you are you can always use it and you don't even need internet connection or gadgets to make transactions.

The problem Satoshi Nakamoto saw with fiat currency is the putting of TRUST in the hands of the central authority and they often compromise this trust by way of money devaluation. Crypto invention has come to remove that trust from central authority. so, your money cant be tampered with by any central authority when its bitcoin. I feel this is while decentralised should be superior to centralised.

A never-ending debate regarding centralized money vs. decentralized money, there will always be pros and cons. I suggest more
using Bitcoin as decentralized money, compared to paper money. Because Bitcoin is very profitable for investment when compared
investment in the bank, even though the risk is greater by investing in Bitcoin. But it is proportional to the profit we will make.
In situation Pandemic like now is more recommended using Bitcoin to conduct financial transactions, because bitcoin transactions are
digital. So it prevents the spread of corona virus.

::) bitcoin is not  decentralized money comparing with other cryptocurrencies

not anonymous yes but but decentralized ? Sorry but I can't agree to that . btc was termed to be a decentralized currency , expert them selves also said that   . So who do you think tells the truth  ?

That's simple , people don't argue on the past because there is no other form of payments . No btc on the past so they think centralized is the best but now that there are now currencies like btc , decentralization was born and people start to realized that its better . In terms of vulnerability both can be hacked but in terms of investment well hell decentralized ftw

They arguing now because there are thing to be argue unlike before that only centralized money exist. Until now centralized money is still the best because despite of having a decentralized money ,we can't deny that there is still the fact that we need the fiat or centralized money for our everyday living. Not all people knows about bitcoin and cryptocurrency, they don't even know how to use it and what is the significance of it in our modern world. Not all people know how to use a new technology on which they can access the bitcoin or cryptocurrency. Decentralized money still not accepted anywhere and you can't buy goods and services anywhere using it. There are so many things to settle first before the total adoption of decentralized money. For now ,let us invest and enjoy the profits that we can get through decentralized currency.

Bitcoin is not truly decentralized we can hope for that but even monero got only 80 % decentralization

I prefer decentralized to centralized. Though, the risk in decentralized money is higher than centralized because in decentralized you can loose all your assets while it can't happen in centralized.
I have some pre-sales I invested in that never entered any exchange.
It is a choice, some are making good money decentralized while some are also making theirs in centralized.

In a centralised crypto exchange, the third party that operates the exchange retains the majority of power over your account. On the other side, with a decentralised exchange, you maintain full control over your account.

Both of them still have advantages and disadvantages. moreover, it has the same but dissimilar uses. I think if both are used as investments, it is clear that bitcoin is more profitable. But it cannot be ascertained, that the high price will get the big advantage. Judging from the price, significant ups and downs are fraught with risks. Bitcoin is also not everyone knows it, it still needs a thorough introduction

Each type of money has its cons and pros. You can't always have it all. Decentralization has its advantages. Though some people don't trust it

Centralized fiat rules.

+Stable, fast and reliable.
+Low fees.
+Simple withdrawals.
+Physical cash

And this debate about the differences between centralized and decentralized money will go on until we completely stop using fiat and start using digital currencies fully.

Both of them have advantages and disadvantages. Some people say that fiat is better because it isn't volatile and it is also a physical money. They don't trust a digital currency because it seems so different. Some people think digital currencies are better as they are in your control totally and no government can interfere with it and track what you do.

But in the end, it is obvious that governments will create their own digital currencies (but centralized ones of course) and fiat will be history.