Will Bitcoin become centralized sometime in the future?

[ipbitrung01]

Bitcoin has its own subjective advantage in the market. It is not easy for more than 200 countries to accept Bitcoins in their countries. There are many countries and regions that accept payment, Bitcoin business and even many major hotels encourage the use of Bitcoin to make reservations and payments will be reduced to%.
But Bitcoin has become a focus in the future I'm not sure. Because Bitcoin was born and developed as spontaneous, anarchistic; Bitcoin's market is new and dangerous to people. Do not use real name for transactions, unsecured Internet transactions, limited transaction speed ... But when the founder overcomes the disadvantages of Bitcoin in the future Bitcoin is focused.
I really hope!

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[Yle725]

Hi, in my opinion, Bitcoin can not be centralized otherwise it would lose one of the key points on which the blockchain technology is based.

[lodi123]

As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.

If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
 
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.

Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for. 

It going to be centralized for the future because a lot of citizens are already using it and a great investor  to bitcoin

[tapuhkk]

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[igorkupcov3009]

Bitcoin is as virtual as credit cards and online banking networks that people use every day. Bitcoins can be used for online payments and in real stores, as well as any other kind of money.

[addeqt]

There is a medium posting created by cobra the co-founder of this forum. In the article he cited that the bitmain company which is based in china have almost produce most of the mining hardware. And they also control one of the largest mining pool. Indeed, when you buy a miner to them the default setting would be directed to their mining pool. With this scenario they have a greater control of bitcoin compare to other company. Let just hope that they won't reach the 51% dominance of it. And if that reached, that could be said that bitcoin can be controlled and manipulated by a single company. 

[Fiord]

I think that ASIC’s are evil, and if Satoshi wouldn't be anonymous hi would make a hard fork that obsceletes bitcoin ASICs, because mining should be available to everyone on their home computer, this is one of the main principles of decentralization.

[DoublerHunter]

I think bitcoin cannot be centralized because bitcoin is already decentralized and the government cannot control bitcoin or change some code in the blockchain to just make it as a centralized cryptocurrency. Bitcoin is just bitcoin and it will not change especially the status of bitcoin if it is centralized or decentralized.

[northcoin2018]

If bitcoin become centralized not only government can easily destroy it but also users anonymity will be gone as more information would be needed
As the miners are mostly Chinese so it could become centralized

If this will happened a part of the essence of bitcoin is lost. For sure if it will be centralize it will now be controlled by greedy persons in the government. The transactions will be known possibly upon making transaction one must provide additional personal information etc. And for sure it will cost more so i guess if this will happened then it is just the same as fiat money.

[BrentMack]

Bitcoin has already being created to be a decentralized currency, I don't think there is a way to make it centralized and changing it's core program. Although anything could happen and someone would find a way.

[Lady Ong]

It is like a solar calculator that become calculator with battery, although its good that you know it does function during the nigh but you don't know when the battery will run out. same with bitcoin, if you know how does it operate then suddenly it will be change its original maneuver then you don't know tomorrow it will just stopped.

[Jlimao28]

As of now, the government tried to control cryptocurrency by imposing a tax and other regulations too. G20 summit proves that in the future, cryptocurrency will also be centralized.
As what we can see, the government uses their power to manipulate the bitcoin. Some countries banned already bitcoin. They used their power to control the decentralization and turns it into a centralized monetary system.

[mriansa]

As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.

If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.
 
As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.

Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for. 

do not be afraid of course bitcoin can be anything you want if anyone wants to make a project centralized, obviously bitcoin should be no good news to be in use in all countries for safe transactions and prices can be stable on top.

[newbie-hero]

If BTC becomes centralized it will lose its cryptocurrency status, but it will come with its benefits, the legislation battles will be a thing of the past and probably the value will be slightly higher but highly regulated, BTC will lose its freedomn

If it happens (hope never) Bitcoin will be not interesting investment anymore. Now, staying decentralized, it gives us the freedom to make any operations with it.

[argonresonates3]

Its better as it is now because more of it can result to even extinction of btcs interest someday

[volleyballslenderF]

Never it would happen because Govt is well aware of its citizens safeguard that he will noot try to take one of the futile currency within themselves

[bitcon]

If BTC becomes centralized it will lose its cryptocurrency status, but it will come with its benefits, the legislation battles will be a thing of the past and probably the value will be slightly higher but highly regulated, BTC will lose its freedomn

There is no sense in making Bitcoin a centralized currency. It attracted the first investors as it offered the coolest scheme of transactions, low fees for these operations and the highest speed

[linesretweetG]

We have to stop it somehow or there would be no difference among fiats and btcs

[frank2018]

Should this happen, I think its main investors already pulled out there investments. Centralization of cryptocurrencies mainly bitcoin, is a bit difficult because it has to go along with the government. And to do this, a law must be ratified and disseminated and I am pretty sure prior to the release of that law, bitcoin is already done.

[shaadsufi]

I don’t think this will happen because all the popularity bitcoin has gained from last 8 year is because of this decentralized technology and if it becomes centralized it will affect the popularity of bitcoin.