Bitcoin Forum

Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?

I think there is room for a centralised coin in the short to medium term. For the banking sector that is. But I think for anyone trying to set up a private blockchain to receive extra security well these will all fall by the wayside eventually. Even ripple to an extent could become obsolete. This in the painter capital 40trillion market though and we are a way off that mark

There is no win-lose here. Don't be stupid. Bitcoin's purpose is different,and same goes for Ethereum and Ripple. This topic has been discussed more than a dozen times and yet here we are.
The difference between centralized and decentralized cryptocurrencies are that the former is more attractive to people who believe in banks/government/centralized control,etc. The latter is more preached by people who believe in anonymity/privacy and those who hate the government.

When you are lurking coins, you will be issued with x amount of coins, such as deposits,
You will pay interest as a gift

The number of coins is determined by the coin developer and given in the APR,
Annual Percentage Rate. There are coins out there in the market that are from 1% to 10,000%.

The reason why you're buying is because you're stalking,
You have your personal 24/7 and help blockchain network from the coin.

In the crypto currency market, there is room for all coins, both centralized and decentralized. If you evaluate the ripple coin, it is very necessary and useful for the banking sector of the economy and, despite its shortcomings, has the right to exist. A special place in the centralized crypto currency is occupied by national centralized digital coins, such as Venezuela Petro, and it is still difficult to give estimates, since such a crypto currency exists not so long ago. We must allow you to walk together with centralized and decentralized coins, in order to see in practice the need for some, and the uselessness of others. Let the market give them an assessment and everything happens naturally.

They cant really win those market but yes they will always have some room for themselves as they stand little different from other coins and more or less more secure due to the stability.

They cant overcome the decentralised market because of their very nature of centralised which calls for the regulated prices of the XRP and thus they cant go beyond specific point.

Such coins always be unlimited one to keep the balance of prices or market cap and hence they will keep chasing the decentralised world.

There is just a sense of security in centralized coins as their supply is decided by the coin makers and they control the price like in Ripple and USDT.

Of course for coins that have a centralized system, the price will not be volatile like bitcoin and ethereum. Are you see the price of USDT? the price is only stagnant at the price of $ 0.9....

Indeed. The existence of such coins actually depend upon the centralised protocol that they carry. I mean they will never let the price of the coin go beyond the limits and thus will always make the balance of investment that is going in and going out of the market. Thus the whole circulation remains unchanged and thats why they get invested heavily all the time. People like more stability these days and they are tired of having huge volatilities along the way.  :P

I am not a great fan of centralised cryptocurrencies because the core concept and philosophy of blockchain based currencies is all about decentralization. Where is while using centralised coins, we won't get that kind of freedom which we are getting in other cryptocurrencies like Bitcoin or ethereum. Yes, from an investor point of view, I do see an opportunity for earning the profit in the coming years but as a technology, I am not a great fan of it, to be honest. The biggest disadvantage would be losing the freedom that we are getting in the major cryptocurrencies out there.

I don't think centralized coins stand any chance against decentralized in the long run. I can see them competitive only in some narrow markets whe coin serves some very distinct purpose.

Up until now only few of the coins has emerged as centralised one but I think they are not doing very great at this point. Mostly people choose to have the decentralised coins only as they move upwards very faster as the investment into them grows. The project evolves and the prices starts kicking off thus making it really value added coins! This doesn't happen in the centralised coins and thats why they are not worth trusting or investment. At least I feel that way. They wont last longer than decade or so when other crypto currencies will be growing like big!

Its true, just like ripple since banks supports it then people gave it value. But beware in investing in centralized coins since they can be easily manipulated and in the case of ripple it the group of banks. We all know how banks work just to maintain their status and earning potential.

The good part of the centralization is that you have go through one party but people use it to mean a limited number of options. So when people say banks are centralized, they mean you can’t avoid using a bank. So, bitcoin and Ethereum are two types of digital currencies that can be exchanged without any intermediary, broker or third party. The good thing about are once you are part of the centralized organization you will this unbiased allocation of work in where fair and just is considered especially in assigning a particular amount of work. It also have a standardization of work and knows the area of specialization. The most important is the flexibility of the people.

centralized coins aim more for the long term success than making 100x easy money and become millionaires in a short time, so centralized coins focus more on development I mean the big ones rather than making money more.

Though all currency are subject to manipulation but the more centralized a currency is, the more the degree of manipulation.
In fact, that is the essence of whale holders in most cryptocurrencies. They own a high percentage of the coin and therefore dictate the direction of the currency or project. If the major aim of a whale holder of a centralized coin is to be get the price to surpass that of bitcoin, with enough resources he/she would surely impact the price.

I don't trust Internet business with my identity. Why would I trust them with my money?

The banksters, governments, generally rich people, they would all like to see a centralized solution. Does that answer your question?
Probably not fully.
I recommend this topic for you: https://bitcointalk.org/index.php?topic=2863445.0 (https://bitcointalk.org/index.php?topic=2863445.0)

There's room for them, but they're going to actually be competitive in fees and features.  Centralized banks have ruled finance in the world with an iron fist, and they wont be able to hold up for much longer with their bullshit weeks of wait time in some cases, or with their enormous fees either.  They haven't had any reason to innovate until now, and they are doing it out of necessity.  I think there's definitely a place for more centralized tokens but, like I said, they gotta bring more to the table than banks do right now.

Centralized and decentralized coins each have their ups and downs. Centralized coins are for people who are more attracted to the people who believe in or like the fact that the government and banks are in power. The decentralized coins are mainly for people otherwise, who believe in being anonymous and privacy.  In my opinion I believe that bitcoin will stay strong and the decentralized coins will be stronger then the centralized simply because of the new “trends” that everyone wants to be hidden/anonymous.

It's not about winning over Bitcoin or Ethereum. All three of those coins/tokens have different purposes, so thinking about it as one winning over another is like asking do you think there's room for the NY Yankees to win over Manchester United? They're both sports teams, but they don't play the same sport in the same league.

Yes, centralized coins such as Ripple can win. Centralized coins could have greater market cap then decentralized coins. Ripple's success in no way impacts Bitcoin's success or Ethereum's success or the success of almost every other cryptocurrency.

Centralised coins are always supporting to government not a peoples so most of the investors are avoiding the centralised coins. But some peoples are panic to invest in decentralised coins because it is not stable currency anytime it will raise or fall is happening in the decentralised coin. So centralised coins are not fit for the Crypto investment.

There is a room for such coins within the economy, though it's hard to tell whether people would submit to such an idea or not. Maybe those people who believe that a central authority should exist and maintain their finances but those who think that the said system is crap would likely not tread further. If a centralized coin is officially introduced by a government or a bank, that could potentially catch the attention of people who believe that banks and governments are the best things ever happened in the world, but if it's just another private company, it just might be another scam in the making and people would just turn their backs with no hesitation.

Centralized coins will be relatively stable, as regulated by the government or those who make the coins like bank. Centralized coin will be focused on payment system, and not suitable to be used as investment or trading. It could be used as an investment or trading but the income will be very small.

However, decentralized coins such as ethereum and bitcoin will always have a high price, the benchmark price will be determined by the user not by one party. To determine win or lose depending on your judgment, if you look to bitcoin and ethereum in the price side who have a decentralized system is the winning, but for Ripple or other centralized coin will be the winner if you look as a payment because the price is stable and suitable to be used as a payment system.

Example of centralized coin is Ripple. Because owners can create Ripple in the fly. They can create Ripple anything out of no where. Another centralized coin is Bitcoin Cash , it is reported that they mine a huge Bitcoin Cash before it was released in their fork. Its so pretty disappointing that crypto currency is somehow dirty.

The good part of having a centralized coin is supported by the banks and all I can say it has better future than others however I don't support any centralized coins since it's against the concept that Satoshi has been proposed. Bitcoin is the mother of the crypto and seems like it can't be replaced even centralized coins such a ripple, etherum is different and it has been used as smart contract well basically every coin has their own function. To be honest i just feel like ripple is too far away to compare with bitcoin and etherum.

Bitcopin and ETH were too awesome,I prefer having Waces lined with these two than Ripple, I noi longer see ripple to have such huige difference in value in the future for the number of its volume. Btcc and ETH still have long way to go.

The whole point of using cryptocurrency is to escape for the centralization, the collect of data and information in one point which will allow hackers governments and agencies to access this data easily, bitcoin or cryptocurrency is popular because they are decentralized, the data is spread all over the world between all the users, which will allow for more privacy, anonymity, no one will be able to know what are you doing, bottom line i am not saying that centralized coin won't work, but if privacy is not the thing that people are looking for in cryptocurrency than there is room for it.

The best part most of us see is the liability. If cryptocurrency's were used for criminal activities then government may find ways in tracking down these transactions. If you have your account compromised  then you can run into a certain body that could help you recover it.

Being regulated is one common issue that will not die because there are still a lot of users against it, without them considering the security and support the countries might give back.

No. Centralized coins will not be supported with cryptocurrency community as much as decentralized. People who working with cryptocurrencies love Ethereum and Bitcoin!

We will probably see both decentralized and centralized coins existing at the same time because they have different functions. Some people feel that we should not even compare the two in terms of market cap or one being better than the other.

Centralized coins will be controlled by some kind of business which is different than the concept of Bitcoin which has no central authority to control it other than the Bitcoin foundation which is made up of individuals.

Well technically a centralized coin will have some advantages over decentralized coins, bought ideologically what is the point of using a centralized coin, if you want to do that then use fiat in its physical form or in its digital form, I will admit that I am a little bit worried about ripple right now, I would like that it was not such a big project fortunately bitcoin is still in the first place in the market cap and I hope it remains that way.

this is interesing though. A lot of people might invest in it since it's recognized by the government. The question would be is the transaction fees, would it be the same as bitcoin transactions plus taxes?

Well the fact that they are centralized, it means it is controlled. I think they have a place in the market. But i don't think it will grow more than it will lose because if it grows, the banks are on the losing edge, and if investors lose, the banks are on the winning edge. At least that's how i see it.

the value of centralized coins or any fiats can be manipulated, depending on the current market, even the production of it can be limited. the idea of being decentralized give us more freedom over our own assets, on where and when to trade it, we highly depend on the actual circulation of coins in the market, which resulted to high volatility. that is why i don't see and advantages of a centralized crypto, on the part of the ones who own the market, a centralized coins can be beneficial to them but on our part as traders and consumers, it will not.

Ripple always calls its platform as decentralized though. ;D

Centralized and decentralized coins have a different purpose. For me, there's no good part in centralized coin because it's way much better to trade directly than needing a single administration to trade.

Ripple is not cryptocurrency in the narrow meaning of this word:
1. It cannot be mined - the developers themselves mined around 100 billion coins and left 65% monopolized.
2. It does not use the blockchain technology as it is. Instead, the system operates using so-called "gateways", through which all transactions pass. These gateways are installed in the various offices of the company.

So, actually, I can't see any further development of this coin, neither it can become more expensive that BTC and ETH.

We have centralized coins now and majority wont use them and i am sure in the future there will be government backed centralized crypto currencies, just like the Venezuelan petro, it is your choice whether to use them or not, if you look at petro they are offering discounts to purchase their oil and if countries comes up with centralized coins and they are willing to give bigger discounts for purchasing things, why not use that to purchase it, that being said i wont be investing anything in it, but just to carry on the trade i might purchase it. ;)

All what cryptocurrency is fighting for is decentralization, any form of centralization that comes in form cryptocurrency will not last, especially the traditional banking sector getting involve. Be careful while investing in such cryptocurrency.

I don't know about the good part but I'm dead certain of just one bad part that would make any sane person stay away from these quasi-monies. Such coins are centralized which means there is a single entity behind them. It is not a big deal and a lot of pain in the ass for a government to forcefully close or shut down such an entity. That would mean instant death of the coin. Simply put, governments don't like private money in general. There were efforts in the past (even before Bitcoin) to issue such money, which aimed at creating a universal means of payment and exchange, as opposed to promissory notes and bills of exchange which are also forms of private money, though not universal. Needless to say, all such efforts failed as governments were quick to nip in the bud and halt any such activity. They will never willingly give up their monopoly on creating money or tolerate competition in this field.

Governments are putting up with cryptocurrencies because they can't effectively fight with them. This is evidently not the case with centralized or private money like Ripple or whatever. So there is no reason to think that such currencies will ever be able to take over cryptocurrencies like Bitcoin and friends. As soon as they get traction, they will be destroyed.

I don't think there is any room in crypto for a centralized currency, just use any fiat currency of your choice if you want centralization and feel the need to be regulated in some way.

Of course, centralized coins have a place to be, since not everywhere decentralization is necessary and convenient.

Centralized coins can exist but they can not be called crypto-coin. This is HYIP which is created by administrators and exists only to enrich their creators

There is absolutely a great room for centralized coins in the market, but I can never thought even ripple can be more valuable than ethereum or bitcoin. It is also not good coin as a investment for me.

Centralized coins have some advantages over decentralized solutions, however if I wanted to use a centralized solution I will use a coin created by a government instead of a private company, this is what makes cryptocurrencies like bitcoin attractive, since there is no one that can talk for all the community, the miners or the developers, the decentralization protects the project from becoming something different than its original mission.

By reading this type of question dude are you sure of what you are asking? Ripple has never gained any chance to win against bitcoin.
There's no good part about centralized coins remember that crypto = decentralized.
Investor Sues Ripple Alleging 'XRP Is a Security' (https://www.coindesk.com/investor-sues-ripple-and-alleges-xrp-is-a-security/)
What can you say about this?

No such coins like ripple could not win over bitcoin and Ethereum as people would not be supporting such coins as their prices would not increase considerably due to their centralised nature.

I agree with this. I think ripple is the same as fiat monet but in digital form and also for keeping your money safe whereever you go and you can pay through ripple. I agree that there is no win-lose when you talk about centralized and decentralized currency when bitcoin and other decentralized currency there is already a goal ready to achieve their purpose and same as centralized they also had goals and targets to achieve so there's no need to ask if ripple has a room. Of course there is room for ripple if not ripple won't exist. People find their way on keeping their money safe that's why they go to bank to deposit their money.

It think it is not about win or lose.Bitcoin's purpose is different,and same goes for Ethereum and Ripple.
The difference between centralized and decentralized cryptocurrencies are that the former is more attractive to people who believe in banks/government/centralized control,etc. So, it only perception. It is my opinion.

There is never room for anything but in fact they make their own space.
If we look back we will realize that the Bitcoins weren't needed by the government nor by the people but in fact how well it blended with the economy is really something else .
Bitcoins have created their own air and when we talk about centralized coins it's like everyone will have more trust ,the currency will be stronger since it's getting backed up so it's an excellent opportunity to explore .

Centralised coins are shitcoins because it is not completely transparent to people so totally worst platform. But some big gaints are involving this platform automatically   this will reach higher position in Crypto market. At the same time many Bitcoin believers are against in Ripple. Bitcoin and Ethereum are always two eyes Crypto platform no one is beat the marketcap in forever.

The good thing about centralized crypto, investors have the 100% assurance of security that they are not on a scam project, the success is not hard to acquire in this time because there are people who were became a victim of many shitcoins before, a scam project that looks heaven at the beginning but he'll is the future. But I dont have a direct opinion that centralized can win over btc and eth, this will not happen because bitcoin and eth is already at the moment of being the giant of cryptocurrencies.

I also think that centralized coins will win and will hold the future cryptocurrency market, because it is more authentic and reliable than decentralized coins, although we have to pay some taxes on centralized coins but we will be mentally satisfied and will be more secure than investing in decentralized coins. If the government backs a coin then definitely it will grow more.

I dont think ripple price able to compete with bitcoin price. Ripple coin is different with ripple network, and banks only using ripple network, as far i know, banks dont use ripple coin.

Yeah you are right. When you have no tension of looting or hacking of your money then you will invest in such coin. When you can claim your money and your government support you, you will be satisfied with your investment. I think that centralized coins are far better than decentralized coins. I will encourage centralized coins for safe and secure investment.

i do not believe in such coins and do not buy it, im in crypto for decentralizetion and coins like ripple do not bring any good into crypto world, better stay away from such coins

I wonder why anyone will even think anything good can ever come from something that has the main possibility of being controlled and manipulated anyway. If we wanted something centralized, I guess we would have just decided to stick with fiat rather than investing in a currency that some group of people who are behind it can just get it imploded anytime they feel like.

Like you have pointed out, I believe and will always believe that centralized coins suck and they will always be shitty for the obvious reasons which are being experienced by us for years. Those centralized coins survived till now because we do not have any options to get rid off them. But, after the introductions of bitcoins, things will definitely change for the betterment of every human of this planet.

Centralized coins have the right to exist. Moreover, we can not influence the situation with their appearance in any way. States create and will continue to create their centralized coins and they will walk along with decentralized coins. Between them there will be competition and decentralized coins will have the opportunity to show their advantage. Crypto currency should have different options and different combinations, people should choose which of these crypto currency will be the best.

Well, they may have place to be in the market in the long run, but I do not see them having much space to occupy as most people will not really give much damn about them anyway. With the way things have been over the years and how centralization has only favored some certain caliber of people, I do not think those who understand that will want to invest in something that is being controlled by some devs. That is the idea that sucks pretty much. Most altcoins are still working as a corporate or individual's decision based coins.

For instance, dogecoin was turned as a inflated currency overtime just due to the reason of being centralized whereas its community still hating that.

From a theoretical point of view there is just a one nuance: People don't afraid of legal barriers in this situation,because there is central administrator and no need for strict regulations from government,but I personally think that its not a correct discussion...and for me there is no good part about centralized coins against the decentralized coins because they have already proven remarkably successful in organizing economic activities.

Centralized coins will be backed by the government and may they provide security against any mishap and hackings. By this way investors will also mentally satisfied with their investment and they will invest more and more without the fear of looting and losing. While decentralized coins deficits cannot be claimed and if there is any mishap you will lose all your money.

Today I read that Facebook wants to put out their own crypto coin. I really do not like the idea. I just have a bad feeling about everyone jumping into crypto through Facebook and what that could do the future of it. Would it be open source, will they be tracking how you use it to see how they can exploit it. Centralization is not good.

You are right. Bitcoin has its own value and does not need government support. No doubt that the trust of the people will grow more but people are happy that bitcoin is decentralize because when government involves in bitcoin they will impose taxes and the profit margins will definitely decrease. I do not need any centralized coins because I have the courage to bear the lose if there is any bad situations occur.

Bitcoins and Ripples are two opposite approaches in the pre-mathematical ecosystem. The hierarchy of Bitcoin means that anyone can use it for anything they feel they can do. Ripple is also marketing its products as a solution to support the transfer of assets to most payment tools. Ripple requires a minimum cost to avoid overloading the network . To pay for costs, the system must destroy the XRP instead of paying it to anyone, thereby increasing the value of the remaining XRPs. Future ripple can completely catch up ETH even Bitcoin.

The most frightening moment is that centralization is increasingly seen as a solution to problems in crypto-currencies. A large network is slowly synchronized, and many crypto currencies suggest using a limited number of trusted "master nodes", "witnesses", "delegates", "federations", etc. to "solve the problem" of too many nodes in the network. Using this method to solve scalability problems, developers also destroy the decentralized nature of blockchain. As a result, this will lead to the formation of a crypto currency with one functioning node, which processes transactions very effectively, without delays, confirmations and forks, but in this case blockchain becomes unnecessary.

   Governments one day will try to decentralized coins when they finally released that block chain is unstoppable.
Centralization is not the nature of the block chain technology, so if there is a centralized coin,then block chain in its power to decentralized coins and smart contracts will not be working again. So I do not think there will be any centralized coin.it will not be following the decentralization aspect of block chain.

I think bitcoin and other crypto currency has its good purpose for investments. That is why they are decentralized ones since it has its special purpose to the people. As compared with the centralized ones, they are used in many businesses and in our daily living. They are controlled by the government.

If we do the thorough study in the regard, we are going to end up with results that decentralized coins gave more success and money to people than centralized ones. The world have been suing centralized currencies but people were not happy with them. With the introduction of decentralized, they showed keen interest in using them and ended up making huge profits.

The good part about centralized is by having a power to be easily known to many and the sure interested investors are those that are thinking that they are safe but it can be dumped by those  who do not want centralized crypto see it succeed and most likely they will never allow that the one that overthrown bitcoin is decentralized because cryptocurrency are created to become free from the system of government power.

Totally agree with this conclusion. And we already see that taken to its ultimate outcome with centralized, privately issued currencies and coins like Ripple or Tether. But as I said in my post, these private monies have one fatal deficiency in common. They are very vulnerable to a government attack and can be easily eliminated by governments. It doesn't happen right now simply because they are kind of hidden by the sheer number of blockchain-based currencies. But if the latter go away, governments will strike back immediately. And then we are back to square one.

So, in the end, there should be a balance or equilibrium between centralized and decentralized non-government currencies. At least, until a new solution comes up that effectively solves the problem of scalability without sacrificing the proper decentralization of blockchain currencies.

Yes, simple. Centralized coin was never really the idea. We have been in the centralized environment all our life and even with the government and banks running the show, has something ever good come out from it ? So, in that sense, I do not know why I will want to give up decentralization over centralization as a real believer of the main idea behind decentralization which makes me believe that centralized coins are just ticking time bombs.

People like us will never invest in a centralized coin like ripple, in fact I have never held that coin, however even if people like us are never going to let ripple take over the first spot in the market cap that bitcoin possess that doesn't mean that new investors that do not really care about the mission of cryptocurrencies and that only care about the profits that they can get will not let ripple do just that

Plenty of friends that have gotten into crypto recently went with ripple as one of their first coins, at least a few of them due to not understanding that the high supply is the reason the price is so low. I think we'll see it more and more in the next bull run.

This is a basic newbie mistake, newbies instead of concentrating in the market cap concentrate themselves on the price of the coin they see the price of bitcoin and the price of ripple and they think that ripple is going to grow many times over in the next weeks or months because it has a low price but obviously that doesn't happen because Ripple has a huge supply of coins.

The system is already established decentralization is the name of the game in our community members are already familiar it's anonymity any move for alteration makes our community confused.

There is always space for RIpple and will always be in the future because of the deal with the banks and when the mass adoption comes there will be a lot of people investing in Ripple .Thats my opinion but not my investments.I dont like Ripple

I think so, probably their will be as of now they are still stuying and looking forward for a good result. It is cool of their will be a centralized coins which may use but as of now we can see commonly BTC and ETH are very common coin that many people use. Aside from the value it has high price that everyone most wanted.

I do not think that centralized crypto-currencies are worse or better than others. Yes, they are a bit contrary to the spirit of bitcoin, but they perform their functions, which are also necessary

I don't think so. Everyone is here because we love the decentralization aspect of most cryptos. So with that said, I don't think that Ripple will gain enough support from this community. If ever we are going into that market, its just for pure pump-and-dump and get get out and take home our profits.

But I have to admit that they are really useful in other fields specially banking system, they have a place in there and no one can argue against their usefulness.

This is not necessary because in the cryptocurrencies market investors have their own options, without the need for a group of potential investors. By doing so, investors will only invest in three cryptos, BTC, ETH, and XRP, creating an imbalance in the cryptocurrencies ecosystem. So your opinion is unreasonable.

centralized coins aim more for the long term success than making 100x easy money and become millionaires in a short time, so centralized coins focus more on development I mean the big ones rather than making money more.

Though all currency are subject to manipulation but the more centralized a currency is, the more the degree of manipulation.
In fact, that is the essence of whale holders in most cryptocurrencies. They own a high percentage of the coin and therefore dictate the direction of the currency or project. If the major aim of a whale holder of a centralized coin is to be get the price to surpass that of bitcoin, with enough resources he/she would surely impact the price.

The more concentrated the token, the more likely it is to manipulate prices.
Investing in these tokens could lead to big short-term price swings.
In my opinion, it's like a gamble.

Decentralization: In the world of Bitcoin, no central entity / institution creates money, but money is printed by users. This is what causes Bitcoin to emerge as a decentralized system.

The spirit of bitcoin is everything, a bitcoin that is centralized is just another coin that is useless, besides a coin that is centralized is subject to be confiscated as soon as the government wants and if a centralized coin is not seized by the governments is because they do not want to do it but bitcoin does not gives the chance to the government thanks to its decentralized nature.

Bitcoin is decentralized coin but has a potential to overtake fiat money in ahead of future .I know bitcoin is not accepted by governments but as they adopt the impact in society I, believe bitcoin will centralized soon in worldwide and in every transaction it is useful and easy to use.

Yes there is a room for centralized coin as well as decentralized coin. The coin which is related to core banking sectors like ripple or the coin like petro which is regulated by gov.And its ok to have centralized coin cause its more trusted for people than decentralized cause the big names comes with them. So for acceptiong crypto they will help a lot.And they are also good for short and middle term investment.but personally i dont like them but still in some point you have to accept them.

Bitcoin will not become a centralized coin, bitcoin may be regulated but I really think it cannot be controlled by the government.
Centralized coin is either way same as fiat money but since its under a blockchain technology, that's make difference. A coin like XRP can be a great coin in the future since its backed up by the great banks.

So when there's a theft, you can ask the XRP team to freeze the money.
This is the only advantage of centralization.

In cryptocurrency market, I am believe that many people investing on centralized coin like ripple and in fact ripple communities are good. But I am prefer investing my money on decentralized coin because its more profitable than centralized coin.

there is room for all coins in the crypto currency market, both are centralized and decentralized. If you evaluate the ripple coin, it is very necessary and useful for the banking sector of the economy,  despite its shortcomings, has the right to exist.

In my own opinion it has a chance to do just that (to beat the market cap not the price of course). It is because to those newbies that are entering the crypto market that does not really know what they are up to, They are going to buy something that is hot and OVERHYPED by media or some big personalities in the crypto space or in the financial industry. Newbies are far many than sophisticated investors that is why every market is irrational.

My friend, it is absolutely impossible! Ripple will be used, yes, as the banks deal with this system. However, folks are not interested in the currency that is centralized and controlled. You cannot even mine it.

Since this is a free market technically everything goes but it is not that simple, the two coins that you mention as examples of coins that are centralized are two coins I have never used and that I will avoid using forever, so while they can create the coins they want they cannot force us to use them, I will keep using bitcoin and some selected alts but I will refuse to use centralized coins created by banks or governments.

Strongly aggreed on your opinion bruh, Most of the whales will dictate how will the market moves on its own interest. I know it isnt safe just to rely on centralized coin like ripple but it also have a good future they will steer it onto the right direction.

I believe that the future is behind decentralization. Therefore, decentralized coins have more prospects for growth and development. Such coins have a great future.

Centralised coin means which comes under Govt. Regulated authority such as central bank. But i don't think crypto coins can be centralised because of their anonymity. There is one coin ripple which is centralised but it will not pass over bitcoin or eth. World is now going toward the decentralisation.

Centralized coins are going to be here for a long time, and this is going to become even more true as more countries begin to release their own cryptocurrencies and people begin to use them, however those coins are never going to be as successful as bitcoin, bitcoin not only is the first cryptocurrency it is also the best and more importantly no centralized party controls it and that makes valuable, you could say that bitcoin is the money of the people, a form of money that gives you freedom and when you think about what kind of asset or currency you should have in the case of a huge economic crisis bitcoin is at the top of my list.

Not necessary. Ripple is a quite centralised. Neo also. Some coins with masternodes which belong to a few faces are also do not decentralised because of they can to control the most part of their blockchain

Maby one Bitcoin is decentralized and other altcoins are centralized. Look for example on Ethereum, the main world has Vitalik Buterin right? Few years ago was created a fork of Ethereum and this move was based on Buterin´s idea. Also every ICO has a team, so why we are talking about the decentralization? ;)

I believe that centralized coins are safer to save them. Decentralized coins are very easy to steal.

If you start analyzing many of the coins in the top 10 are centralized, there are not really as many fully decentralized coins as we think, for example, NEO has trusted nodes controlled by 1 party IOTA has the coordinator and ripple is clearly centralized, that does not mean that they are bad coins, just have it clear before making an investment.

We are going to see more centralized cryptocurrencies and that will inevitably lead to mass disappointment in blockchain technology, because it is not needed for centralized solutions. It is still a user choice, whether to believe a beautiful and fast web interface or to use trustless, but harmful software, requiring you to download blockchain data and process it.

I doubt that there are decentralized coins. Everything in this world belongs to someone and everything is controlled.

I think there is definitely a place for centralized coins, but it isn't near the cryptocurrency section, they have their own uses and it would be a great addition to society, as they offer advantages in their own ways.

I think any coin if it has an advantage, its appeal to investors and the public will be high because the coin is actually judged by the way the coin itself works. For example, ethereum has many functions and now ethereum is very popular and has many enthusiasts

Creyptocurrency was created not to be centered so that when hacking occurs all assets cannot be stolen.
If there is a coin that is centered then it is against the nature of cryptocurrency.

I'm not sure if I understand what you mean by centralized vs decentralized here. If you mean the amount of coins held in one hands, then this is one thing. If it is centralized through mining (as seems to be the case with Bitcoin), it is a completely different one. Other than that, I don't think that Litecoin is so much centralized even if it belongs to the top 10 coins. It is likely one of the most decentralized coins, at least in terms of coin distribution, though I don't know much about how centralized it is in terms of mining. In that aspect it may turn out to be even more centralized than Bitcoin, which is notoriously famous for its "mining cartel".

If you mean trading volume or capitalization as "win" criterion than it can happen for some period of time. These numbers can be manipulated if manipulator needs to increase them. But I don't think that any coin can take place of Bitcoin as head cryptocurrency in the nearest future(at least). It is primary crypto and it prooved that it is trustworthy.
The only good part for them is that governments can create centralized coins with their own infrastructure and make these coin(s) accepted everywhere. And as you know it is very important for people to get such assets that is acceptable by majority

I am confident that we will continue to see these coins and the emergence of new centralized coins will also happen.

Well, I am not in their favor, but authorities will choose them as making a deal with a company that is centralized is not that difficult. They would not stand a chance in decentralized conditions, so there is a huge potential of lobbying for centralized coins instead of uncontrollable ones. The government has not been in a situation where they do not have any control yet, so they are really scared that people will realize it is redundant. Unfortunately for us, that would influence the whole market in a very negative way.

at first, although centred coin is more reliable. over time, I think decentralized stock markets would be safer. the world can't see it right now, but in time, everyone will be in this technology.

I have never supported centralized coins any time, so they can freeze your money whenever they want. This contrary to the nature of cryptocurrency. Just thinking about earning doesn't allow people to look around.

Centralized coins most times are more favourable to the creator than the investors. There is nothing like anonymity when it comes yo centralized coins. Which means that it is out of the true picture of cryptocurrency. We already have some other centralized coins aside ripple. One of them is Neo. Perhaps that might be the reason it has fallen to where it is.

as i know the principle about cryptocurrency is about decentralized system, so in my opinion there is no place for a centralized crypto in the future my friend,, just my personal opinion  ;)

In the long run, centralized coins will b push to the back because they don't truly portray what Cryptocurrency meant to be, they maybe competitive for a while but they won't stand the test of time.

Centralised coins ? I think that ripple is one centralised . Ripple got partenerships with banks and is called one centralised . I do not think btc or eth will become a centralised one

that's really controversial subject, because the initial idea of going crypto was just in decentralization. and here we are facing coins such as ripple and neo and to our surprise it is popular. well, let's wait

I hate centralised coins, because they do not have anything familiar with crypto currencies. The main idea are the payments without any third party and centralised coins just want to catch the hype train. Believe in crypto and stay away from such coins as Ripple.

VeChain is underestimated. I believe - it will be gaining very fast. probably, the price of the altcoin will increase in 5-8 times in 6 months. VEN is good for investments.

I don't support them because decentralization is the general plus of crypto and it is a stupid mistake to move out of this index to the wrong one.

Centrilized coins are not the variant for the future because we are trying to move out of this and people still think about the centralized ones, I can't believe in it...

The strong point of centralized coins is to be supported by strong financal corporations behind, may control price without depending so much on market. But that is also what the cryptocurrency community doesn't like

Centralized coins will die in the near future. Now they are needed solely in order to fix the profit for a certain period of time.

I do not see the point and profit in investing in centralized coins, as their price does not change, it stands still. You're not investing in USDT !

I'm not sure of that, because until now bitcoin remains the most expensive crypto compared to all existing assets. yes ripples will never be able to overtake bitcoin as the first. the problem is, because manipulation can always be done by a centralized developer to take advantage of the magnitude.

I believe that centralized coins should not be in that market at all because it is not correct since the creator initially laid the idea of decentralization of cryptocurrencies and this is all its charm

The question is why people developed centralized cryptocurrencies in a blockchain technology? If the blockchain technology purpose and if the people are after the decentralization system then why is there are developers who developed centralized cryptocurrency?

Please, experts, explain to us what are the advantages/disadvantages of centralized cryptocurrency and why people should not support this platform?

There is room for all of the coins but with centralized coins people are less inclined to invest in them since one of the reasons for cryptocurrecnies is decentralization and knowing that there is no one person in charge of the coins. That is how it works, there is nothing better about centralized coins in comparison to decentralized coins, they are the worst choice

The particular lifestyle regarding these kinds of money, in fact, rely upon the particular centralized method which they bring. After all, they are going to by no means permit the price tag on the particular coin rise above the particular restrictions and so can constantly help make the balance regarding purchase which is planning and also moving away from the industry. Hence the complete flow stays unrevised and also that's exactly why they will acquire put in greatly on a regular basis. Folks just like a lot more stableness today and they're sick and tired of possessing massive volatilities as you go along.

i guess that's a certain inhteresting point in crypto sphere. we all know that crypto is supposed to be decentralized but there's something curious about ripple, don't you think so?

there are whales out there which will not let it happen recently we have seen this event too when the ripple swaped the place of ether then whales made their move to place the ether again to the second position

I do not believe that there is any room for centralized coins here, I mean if we wanted centralized currency then we would just stick with the fiat that we have now. The reason that we are using cryptocurrencies in the first place is because we can be sure that there is no one that is actually controlling the coins, so with centralized coins there is no way people can trust it

Only 16% of the blockchain projects existing in the cryptocurrency market are decentralized. In the remaining cases, the developers and creators keep the situation under their control and have the opportunity to make changes to the protocols at their discretion.

I hope not, because such centralised coins have nothing to do with crypto currencies. The main goal of crypto is to make world decentralised and we would not move forward with such coins as Ripple and other centralised garbage.

Not at all, centralized coins go against everything that cryptocurrencies stand for and the reason that they were made in the first place. So many people are coming into cryptocurrencies because they can be sure that the money is not controlled by just one person who can lay claims to the coin and with centralized coins that is not the case and that is why they cannot be trusted

they can be easier to get support from other agencies, because control can occur without the user's knowledge
so if there is fraud occurring, it is certainly a risk for a centralized system
there's no harm in also having XRP in the wallet, because XRP might be viral easier because of the support of banks and the government

Yes. Many companies and governments don't want a public blockchain. But many won't use solutions like Ripple and would rather create their own private and centralized blockchain.

the coin has a centralized system which is doubtful to survive long enough. Ripple has indeed become one of the coins is centered but these coins could indicate that the coins can also be centralized. even sometimes also had a ripple can shift the ethereum though did not last long. but at least centralized coins also cannot be underestimated.

Concentrated cryptocurrency exchange will also die? I think your analysis is completely baseless.

That guy must have known about the truth. Crypto is still pegging on the centralized exchange site. We are not even ready with dapps just like idex and any other decentralized platform. SEC has sent an awareness about the decentralized exchange site. I know this from the latest news about that. 

Although that is a big difference, it is in a decentralized market. That difference can only make it in 3rd place forever and have a pretty strong capital. That is the gift they receive but they can not rise above a great altcoin like ETH or BTC.

I very agree with you, because it is impossible for ripple to dominate markets such as bitcoin and ethereum. if only ripple can go up to the second position, it will only win in the volume, and definitely a short time

better decentralized coins, because there is no involvement of government institutions or no one can control the circulation of coins

Ripple can never cross the Bitcoin. This is impossible. Ripple is my favorite project in this market. And his team is a complete fraud.
They manipulate the market. They make it look like they don't have things. Unfortunately, people believe that.
Neo is the best of the central coins.

There is always a room for everything as long as you are willing to work and fight for it to stay. But there is no way that a coin like ripple would be able to win over a coin like bitcoin or ethereum. At this point, people are mostly tolerating centralized coins because they want to make money from them but that is it. When presented with a choice, people will always go with decentralized coins

Whole point of crypto and blockchain is to remain anonymous.
Considering this point, i prefer better the decentralized one.

yes i think we can observe this now, ripple and neo were making some good attempts in the market, and it was most noticable during this drop period. i am sure it'll find its use, we should not reject it

the name is centralized, the totalitarianism of the implementation of the coin system itself, and the development and planning will be more integrated. maybe friends can add

tjere is nothong bad in centralised cpins you just need to understand that ypu will be able to lose amlot if you are thpughtless

yjere are a lot of types of the system of the cryptocyrrency world and we need to accept any of the  in order to avpchoeve success

Definitely, centralized coins were and will exist. They will mainly be used by very limited groups of people. Decentralized coins can be used by everyone.

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I always consider that to have centralized coins is better to stay with the traditional financial system, it does not make much sense to involve the blockchain in centralized systems because it removes the purpose for which they were created, Satoshi in his whitepaper makes it very clear that the use of bitcoin was to make transfers without intermediaries and that will get scattered on the ground if we continue to support coins such as ripple.

Half of the cryptocurrency market consists of centralized coins and that is why I think that there will always be a place for centralized coins, and over time, most likely the weight of the cryptocurrency market will consist only of centralized coins.

Well, those people are trusting some banks that held crypto currencies are in this centralised process, if you want to earn in the future much better invest there, those centralised just like you mention above the Ripple.

if to rival bitcoin and etherium, I think it is very difficult for Ripple to be able to do that, but to be able to survive and be able to compete with other coins, I think Ripple is very capable of doing it. this can be seen now at the moment where the Ripple is able to survive and the Ripple price is able to stabilize to keep up with the market flow.

What is the benchmark that Ripple wins over Bitcoin and Ethereum. If talking Ripple with Ethereum based on coinmarketcap data. Yes, Ripple is superior for now.