Bitcoin Forum

The the government of some countries are against the Bitcoin and some are ready to adopt Bitcoin. So what would effect on btc if any government approv the Bitcoin is a legal tender.

Bitcoin will be the ultimate ruler of the currency world, there is doubt about that. Already so many developed countries are promoting bitcoin and if any government approve Bitcoin is a legal tender, that will be that best decision ever for their currency as bitcoin makes both investment and transaction easy.

don't get why adoption or not by certain governments has anything to do with the title of the thread.

btc is decentralised at least compared to most other crypto projects.

Actually the best one will be decentralised where no one could controlled bitcoin, and all of the price is based on the market,  this is why bitcoin was created, but now there are some interference by the government, there are good side and bad  side, the good side is when btc is legal then it will be easily adoptedand we can see bitcoin being accepted every where and people not afraid anymore to invest, it can increase btc price, the bad side is  we will lose the anonymity, we will be force to reveal our identity if we want to used btc

   Decentralized is the best in crypto that's what the reason behind why it was created to give us freedom from government and to be anonymous. In decentralized form of crypto there is no single authority can control us. But if it will become Centralized crypto will be controlled by the government and we need to pay tax,we need to follow the rules and regulation implemented by the government,and we can't hide our identity,it will become  visible and crypto will lost the nature of anonymity.

Everything happens like this: first, the state tries to completely ban crypto-currencies, and when it realizes that it is impossible to find a compromise, something like that

For me , Decentralised is the best one, although both Centralised and Deccentralised aren't perfect, both of them have good and bad side, but the best one is decentralised because no one could control your bitcoin, and if the bitcoin was legal in all countries most people would invest confidently it builds more trust to people,and bitcoin will become visible and crypto will lost the nature of anonymity.

If any government agrees and wants to adopt bitcoin, it will be a very good thing and will increase the bitcoin price increase, and I love to hear such news.

There are conflicting issues that agree and some disagree that something natural happens, and if any government adopts bitcoin as a legitimate payment tool, I'm sure bitcoin prices will soar up and down.

We already have centralized currency that only controlled by governments then we don't really need other types ofsuch currency. Decentralization in currency is good idea, it means that the power will move to each of its users. So far many countries that keep usd as a reserve currency but the effect is usd become to strong and america can affect the world economy condition.

When that happens it will be very good news and it is very profitable for bitcoin owners, and if more countries are adopting bitcoin it is certain that bitcoin will rise even higher.

Approval from Governments will be the biggest step for Crypto to be mainstream currency. Approval will not only bring attention towards Crypto, it will also encourage big organizations and a lot of people to have faith on Crypto. Scopes of Crypto will be extended tremendously.

Centralizing the decentralized changes the game. So therefore changing the nature of the crypto isn’t actuality adopting it for what it is, it’s more like bending it to a governing party’s rule to make something that can be regulated and taxed. What would this look like? You would have certain crypto approved for use, that will be somehow trackable, traceable and taxable accordingly. Is this even crypto anymore? While other forms of unapproved crypto would still remain available and remain truly decentralized.   

So far, we have only seen the decentralized nature of the crypto currencies and that we don’t know how the crypto market will behave at time we will be experiencing the centralized nature of the crypto coins. However, I personally think that it will be much better if crypto coins stay the way they are and that they don’t go for getting their centralized nature as it will make them under the control of the government.

A government approving bitcoin is not akin to it becoming centralized. Any major government coming out right now and making a bold positive statement about bitcoin would be very good for the price and could snap us out of the bear market that we are in.

Now centralized cryptocurrency exchanges are becoming more and more widespread. But they are more likely to be attacked. Due to the high value of assets and the lack of proven practices.Compared to securities.The principle of centralisation implicit in the basis of these exchanges contradicts with the very fact of the decentralized blockchain.For these reasons, decentralized exchanges attract the attention of developers and investors.They are concentrated in the Ethereum ecosystem.Smart contracts are safer than centralized exchanges.But this is not the only reason why we prefer decentralized exchanges.Users prefer speed, low transaction costs and no market manipulation.

It is the reality that our government is taking good interest about bitcoin currency now as they get to know what benefits they are getting from crypto currency every year, if new countries like Japan and the South Korea will accept bitcoin then, it will be more established and more stronger than before, we can take part in bitcoin centralization by helping our government or we can make posts about it, to force our government to give us our right in crypto currency, but I think bitcoin is an independent currency it is decentralized for now.

Of course, the effect would be drastic, if bitcoin will be worldwidely accepted, the demand would increase, and we will see that the market will reach unimaginable spike on bitcoin price, lucky are those who hodl bitcoin, being it legalized would mean good news for the sellers, i cant imagine how much will the price be.

of course decentralized is the best because no one controls your money, tokens, or bitcoins, and no one can ever find out your transactions, because no one can access your transactions and of course your account itself, dont ever choose centralized wallet

Decentralized is owned and controlled by the participants so there is no central corporation that has custody of customer deposits. The control of the money is always in the hands of the users since the network uses a P2P network architecture. Transactions occur between peers in the network by means of smart contracts which can only be controlled using the private keys of the participants. Users control their private keys as well as their funds at all times in a decentralized exchange.

The only way is to centralization so that the massive adoption would be much easier,without it the governments wont allow cryptocurrencies to be adopted by the people or the citizens,because that is going to be the end of the taxes,which the government is using to fund their people,to get projects and to get the national budget.

your title and your comment are not the same as each other! unless you are mistaking government approval with being centralized... because they are not the same. for example you can see what Japan, Germany and a couple of other  countries did. they have already adopted bitcoin as a legal method of payment aka a legal currency and that didn't centralize anything instead it increased the adoption of bitcoin by a large number of people including merchants and also led to a huge price rise.

centralized and decentralized market both have their own advantages and disadvantages.
for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens  as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.

Descentralized is assigned to crypto market no one manipulate it is safe.

Bitcoin will surely rally when acceptance by governments of countries begin to happen. Government approval as well as Regulation will give more investors confidence to invest in bitcoins and that would push Bitcoin to new ATH

i believed centralized or decentralized market, both of them are good for cryptocurrency market.
centralized exchange have some advantages over decentralized exchange. and vice versa.
so, both of them are ok i think.

In my opinion, the cryptocurrency MUST be decentralized. Otherwise, what is the sense to deal with it? Bitcoin was invented to let people feel free from the banks' control and make fast transactions.

will certainly greatly affect the BTC, it will increase investors because they feel safe, and the value of bitcoin will continue to increase.

Cryptos are already decentralized and i think it is better if they can work this way because we can freely earn an income without limits due to the effects of volatility. We dont also pay for the taxes and other charges because we dont hold by governments and banks.

Although centralized can only be beneficial to merchants because they can now experience stable price for their items or services that they sell if they will use bitcoin as payment method.

,i somehow agree with you my friend, simple yet practical way of reasoning. Aside from no one can manipulate it, we have our rights and authority of our own money, unlike centralized in which the government has access about almost everything about your money, so i prefer decentralized economy for crypto.

If the government approved bitcoin to be a legal currency, it would have a very positive impact on BTC, a country that would have a large number of new investors to enter the market immediately.

Certainly government will adopt bitcoin someday but they surely impose some laws over it, I think cryptocurrency is meant to be in centralization process thats why its a unique system of cash. But under govt. regulation there is also advantage like mor people will embrace the crypto world.

I think, its better for the crypto's in the crypto market tk be decentralized rather being centralized. I also think that it is better for bitcoin to be approved and be legalized in whole world but being decentralized. Because I think being volatile of bitcoin and other cryptocurrency can make them easily identify and that is unique about bitcoin and other cryptocurrency. Anyway it is only my opinion and I think it will be better for the crypto money.

Yes I agree that this have both advantages and disadvantages. Cryptocurrency today is categorize as decentralised which is a government doesn't have any control to the crypto world meaning to say crypto is free from government rules and regulations but prone to cyberspace cre like hacking. But at the moment I'm enjoying my profit without any taxes from government.

That our government is taking a good interest in bitcoin currencies now because they know what benefits they earn from crypto currency each year, if new countries like Japan and South Korea will receive bitcoin, it will be more established and stronger than ever , we can take part in the centralization of the lucky bitcoin are those who skimp the bitcoin, because it is passed will mean good news for the seller, I can not imagine what price would be.

Decentralized crypto market has enormous advantage. It prevents fraud and eliminates middleman thereby creating a peer to peer transaction.Moreover the transactions which are made can move faster thereby leading to faster decisions.The information is stored in the form of data which cannot be changed by any means.