Will Bitcoin become centralized sometime in the future?

[Ahimoth]

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I don't see this as a possibility. One unique feature of bitcoin is that it is decentralized. If it is centralized then it is not bitcoin anymore. And no one owns bitcoin. Bitcoin is owned by the users and owners. Maybe you just become more powerful if you invest greater amount.

[Krillin61]

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. 

for me if that happens maybe it's not right now and it is very far from it, but if you think of one of the best things that bitcoin is there is no one can control over it because it is decentralized. Maybe they can control their own bitcoin but not the entire bitcoin in the market.

[Sexie]

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. 

IN MY opinion , bitcoin will always be a decentralised currency, whether be regulated or be legalised . No one can change about bitcoin. No one will violated its principle.  When bitcoin will be exchanged into local currency or flat currency , that would be  or  in that process will be centralised. Because that is now being controlled  by the government , that is why they are pushing up to regulate  it but they can not. In my own idea, iit can only be taxable when converted it real Money.

[Janation]

for me if that happens maybe it's not right now and it is very far from it, but if you think of one of the best things that bitcoin is there is no one can control over it because it is decentralized. Maybe they can control their own bitcoin but not the entire bitcoin in the market.

Bitcoin will never be a decentralized digital currency since it is made to be decentralized. That is the reason why a lot of people are attracted to Digital currency since it is decentralized, and yes mostly because of the volatility. I think that will be really devastating seeing Bitcoin as a Centralized digital currency and I think the volatility in there will be lost also.

[brickafterbrickwalldpt]

I think that Bitcoin will become more decentralised in the future, in fact. The whole transaction data of Bitcoin is quite big but not as big as Ethereum's. Because of SegWit, the blocksize is maximum 4 MB which is not that much, we barely use a little bit more than 1 MB because many transactions are still not SegWit ones. In the future, more companies might be interested in manufacturing ASICs. i wouldn't be surprised if Samsung decided to release their own miner and try to compete with Bitmain. This would be definitely a big step forward to decentralised network.

[lolfunny]

our revolution

[jimbo77]

If bitcoin becomes centralized it would not allow for it to grow further. The purpose is that controlling specialist always aims at even more and more profit, which often affects the consumers. To eliminate this bitcoin has to continue as a decentralized digital currency. Sometimes typically the miners gather together as a community and boost increased fee for purchase or something linked to that, but they too will just not support centralized system. Miners too will get affected when this happens because they will be under a new head.

[hatha way]

I think it is impossible, because the principle of bitcoin system is already decentralized patent. and until when bitcoin will remain a digital financial asset.

[phixo9x]

I think it is very difficult because not all countries accept bitcoin well let alone to set the world market. because if the government agrees with it what if there is no more internet where we will sell it and transact of course this will be difficult because no one knows the age of the internet.

[sheldonnnn]

Bitcoin is Bitcoin because it is decentralized. Bitcoin could be unified, however it wouldn't be Bitcoin according to Nakomoto's White Paper. It at that point would have formally fizzled. Bitcoin is the motivating force to keep the Bitcoin blockchain secured. Without that motivator there would never again be the put stock in factor, the system would have lost security.

[kloinko1n]

To this all and goes. This has been predicted for a very long time. Nothing surprising. Bitcoin will never be the world currency because of its shortcomings

[bad_apple]

For me, I guess Bitcoin is still far enough on "centralization" as it undergoes serious issues on pursuing to be "economy-friendly" due to different regulations on each country. If every nation opens their mind and hearts freely, I think there is a possibility for that event (I hope so). Nonetheless, the criminals also contributes to that negativity issue as it poses threats on our daily lives.

[Abiky]

IN MY opinion , bitcoin will always be a decentralised currency, whether be regulated or be legalised . No one can change about bitcoin. No one will violated its principle.  When bitcoin will be exchanged into local currency or flat currency , that would be  or  in that process will be centralised. Because that is now being controlled  by the government , that is why they are pushing up to regulate  it but they can not. In my own idea, iit can only be taxable when converted it real Money.

That is certainly true, mate. Bitcoin will always provide you with that level of freedom you need to transact with anyone around the world without borders or limitations. Even if exchanges become largely regulated, and Bitcoin becomes banned within a country, there's nothing stopping it from becoming used in a peer-to-peer fashion. Bitcoin can be used around Tor, and even in person, allowing it to continuously be used in the mainstream world no matter the latest efforts of the governments.

Nevertheless, I think that Bitcoin would remain decentralized for quite a few years from now. As long as no single entity owns the network, there should be nothing to worry about. Just my thoughts

[xiboothrezi]

Why should it be like that? while the reverse mission is to make all activities more transparent and manageable independently. this is progress.

[qwertyuiop0987654321]

i think it already is centralized with the possibility of a decentralized out if that centralization becomes too obvious. bitcoin could use a genuine scare to reinforce what it should all be about.

I think there is a possibility for Bitcoin to be centralized sometime in the future. Knowing its varying value and varying users which continuously increases. Thus, it can be.

[Raggie]

i think if bitcoin being controlled by peoples or governments, it will become centralized someday.
but if the community of bitcoin stay supporting the decentralized value of bitcoin, it will stay decentralized.

[CAPTEZECC]

If bitcoin is centralized in the near future then it loses it's ideology because decentralization is the catch of crypto currency. So I really don't see it happening.

[kristinasm]

However, bitcoin is a decentralized currency, and its developers will do their best to keep it that way. Otherwise the whole point of it is lost.

[maaydin]

unfourtunately so many people and corporations try to become the monopol in the mining industry and if they succeed the centralization is inevitable because after anarchy an order have to come and a more centralized order.

[stellaekun]

Yiu made some nice observation,bitcoin is to a large extent centralised due to asics mining hardware.SOme large companies own very large share of the network as opposed to everyone sharing a tiny bit.Also strict Government regulations will likely make bitcoin less attractive to the middle class and more to the rich-more centralization