Will Bitcoin become centralized sometime in the future?

[Abiky]

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.

That is certainly true, mate. It all depends on the people which are using Bitcoin. If they allow big mining corporations like Bitmain and governments take the lead, then the pioneer cryptocurrency would become centralized. However, if the community takes the effort to ensure no one controls the cryptocurrency, then it would become decentralized. Despite this, Bitcoin might be headed towards the path of centralization as I've seen that no effort is being done to prevent mining centralization by Bitmain, as well as Core's decision to implement further upgrades within the network.

Over the past years, Bitcoin has shown that it's nearly impossible to reach consensus. SegWit would've never reached the level of consensus it did if it wasn't for the 2x part. Once consensus was finally reached, then the 2x part was cancelled, allowing Core to prevail in the long run. As such, I believe that Bitcoin needs greater governance, and decentralization of mining, to prevent it being controlled by a single entity. A quick solution would be to implement an ASIC-resistant algorithm and use something like masternodes for community voting. That way, Bitcoin would be much more decentralized than what it is right now. Just my thoughts

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[Cryptohad]

when china dominates bitcoin mining, i think they do not master the system because the character of bitcoin is decentralized. in terms of mining they dominate, but that does not mean they make bitcoin centralization.

if bitcoin is centralized, bitcoin will not last long, and we also see that china bans crypto, and if central bitcoin is in china, then bitcoin will not survive.

[wasaisisisi]

It's possible because as we see the bitcoin wallet system especially it looks very safe and the payment is very easy. Maybe bitcoin will become the center of the future because of its advantages.

[melekseverce]

It shows from the past months that BTC can easily be manipulated by the whales and financial institutions,so its morelikely being centralized currency now bigplayers always wins.

[qtronix]

I still don't think it's possible. Because it violates the basic idea bitkine - decentralized currency.

[seattlenonsmoker]

I think that this option is possible if the government finds a way to control all cryptographic processes

[Ilegendph]

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. 

I believe that the centralization of bitcoin you are mentioning will not happen again in the future because electronics manufacturing companies like samsung are starting to develop hardwares that are use exclusively for mining. It will make the whole network more decentralized and powerful when it comes to processing transactions leaving the hashrate for china be in minimal.

[rickyNmorty]

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. 

Bitcoin centralization would never happen. First of all, it is not suitable for a cryptpcurrency as big as  itcoin to undergo a centralization process and become a standad coin, it would hurt its dignity and reputation as a coin. Anitger reason why it would never be is because there is really no benefit to bitcoin becoming a centralized coin. Unlike decentralized currencies that could be used anywhere on the world and be used for transactions without any issue.

[Abiky]

I believe that the centralization of bitcoin you are mentioning will not happen again in the future because electronics manufacturing companies like samsung are starting to develop hardwares that are use exclusively for mining. It will make the whole network more decentralized and powerful when it comes to processing transactions leaving the hashrate for china be in minimal.

In that case, then Bitcoin mining would be decentralized like it used to be within its early days. Competition is needed to eliminate the occurrence of a monopoly (in this case Bitmain). If Samsung gets into the game, then I believe that mining hashrate would be greater in different geographical areas of the world.

Another thing that Bitcoin would need to improve would be its distribution of nodes across the world. Recent studies around the web, have shown that a huge percentage of Bitcoin nodes rely on data centers while Ethereum has more geographical distribution than Bitcoin. In this sense, Bitcoin is more centralized than Ethereum since most nodes are not widely distributed. Perhaps, in the future, this would no long become an issue as people across the world start setting up full nodes to help support the network.

I guess that if Bitcoin would've had a rewarding model like Dash and ZenCash, many people would be running nodes to support the cryptocurrency's network. However, since there's no incentive to run a Bitcoin full node, people would think twice before doing such task.

Nevertheless, only time will tell us what lies ahead for Bitcoin's decentralization. If the community involved acts against measures that will further centralize the cryptocurrency, then Bitcoin will continue to prevail for years to come. Just my thoughts

[YED]

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

[kristinasm]

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. 

I don't think so. Bitcoin technologies were originally created in such a way that there were no third parties. How do you imagine making it centralized?

[hakertajniak]

no, it will worst if that happened. the most important value about cryptocurrency is decentralized.
if bitcoin become centralized, then no point to create it from the first place.

[Jessica2009]

              Bitcoin is Bitcoin due to its decentralized nature if it is centralized what will it be the nature of Bitcoin . If bitcoin is centralized the value will also depreciate centralization means the identity of the person is revealed and there will be no privacy for Bitcoin users. Bitcoin is trusted only with the internet not trusted under any institutions. If Bitcoin is centralized it means it is worthless and and it will be a failure for Bitcoin for ever.

[reddev81]

There are a few dozen people in the world who control most of btc supply and that's about as centralized as it gets. Its concept and infrastructure is decentralized and that's what counts. The more time passes the more decentralized it will get as more and more people will be investing in it.

[george888055]

Definitely with Asic's its moving very much to be centralized system and it’s not going to get better. Bitcoin is being adopted rapidly and if you are betting on Bitcoin to reach mainstream adoption as fast as possible, you are also betting on the cost of technology to drop even faster.

[rezurect]

Definitely with Asic's its moving very much to be centralized system and it’s not going to get better. Bitcoin is being adopted rapidly and if you are betting on Bitcoin to reach mainstream adoption as fast as possible, you are also betting on the cost of technology to drop even faster.

The cost of technology? Do you mean cheaper mining or do you mean a lower btc price?

[cr1tbayman]

It might and ther eis a big % it will, but it will ruin the whole idea of blockchain.

[TRAID]

How can bitcoin ever become centralized when its true concept and the idea it was built on is 100% decentralized? The fact that some whales control most of the supply does not make it centralized. Sooner or later, more and more people will own btc and split the supply between more and more people.

[lifetimebitcoins]

no Bitcoin will never be centralized in any time future bitcoin is built on the decentralized network with no intermediate involving in between moreover we can see more decentralised applications coming within the form of wallets in bitcoin ecosystem

[Yatsan]

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 no way do I think bitcoin would be centralized any time soon. First of all bitcoin was widely accredited and widely regarded because of its decentralized feature that gives numerous benefits to the users. So centralizing bitcoin would put all those efforts in vain. Moreover, there is no good thing about bitcoin becoming a centralized coin because this indicates that bitcoin would therefore be easily subjugated.