Will Bitcoin become centralized sometime in the future?

[Myown55]

Several Heads Of States and Governments do not need bitcoins in the country because of its decentralized nature. Bitcoin is not going to be an asset of any bank or government, not for their selfish invest.

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[Chichitalent]

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 think this is a real problem. 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.

[cosmoo]

I hope not. Centralizing is not for cryptocurrency. I really hate Ripple because it's centralized coin. Let fiat money be centralized, not crypto!

[intermezzo]

there must be a long process in this case, I believe if for altcoins, but bitcoin is something different that is only devoted to decentralization, I think this is impossible because the government also does not want it, just let bitcoin run naturally and will eventually be regarded as assets like gold, the currency system only runs in the crypto world.

[Dswaggers]

To ensure some sort of centralisation never happen, the best way is still to spread the hashrate concentration to multiple new pools. I guess since there is more and more people coming into the game, and a lot more will come I think because of the price rise, actions will never have to be taken.

Blockchain, the technology underpinning it, cannot be centralized. Bitcoin in a way already is. Centralized exchanges are how 99% of people trade their cryptocurrency, and they can be forced to accept regulation or be shut down. The only way to truly and permanently decentralize Bitcoin is by setting up decentralized marketplaces…and it is already being done

[Konffetka]

Yes, I think so. Bitcoin will become the central digital currency in the future. As soon as he reaches the conditions set by the government.

[PIMPdev]

I can say for sure only that Bitcoin haters will use every single opportunity to take that step against it, but the initial core of Bitcoin, is to be centralised!

[Voidcrafter]

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've thought about this before and I want to tell you that bitkin is really taking very dangerous steps towards centralization. I'm sorry to say it, but it is. I certainly understand that Chinese miners will not affect the value of bitcoin, but it is very dangerous for our community

[amber deposit]

Despite the fact that the issue of regulation has long been the main one on the agenda, there is not yet a single system that would allow the development of legal cryptography. Basically, operations performed with bitcoin are defined in different countries in different ways, which significantly complicates market regulation.

[Jyominall]

Well, maybe, because it will make it much easier for cryptocurrency to become globally accepted full-fledged substitute of money

[CainCoin]

Because as soon as it becomes centralized it'll cease being Bitcoin, won't it? I've always thought BTC is decentralized by its nature and hierarchy. If it is, how can it be centralized, anyway? Is that possible at all?

[Viperziper]

Nope. According to my understanding of Blockchain technology and Bitcoin, it's technically impossible. Am I wrong?

[notyours]

If the bitcoin is going to be centralized in the future it is sure its price will not rise and fall. It's easy to manipulate and it is now available as a payment method that is actually used by bitcoin.
It's frightening if it's going to happen because the bitcoin price drops quickly and many people lose interest to use it.

[Laily alie]

Right now, the centralization of bitcoin is a matter of concern to everyone, and we all know that the computing power is now more and more concentrated in a small number of people, so it is very bad for the development of the community to make the coin too concentrated.
 

[Marcsymon]

Right now, the centralization of bitcoin is a matter of concern to everyone, and we all know that the computing power is now more and more concentrated in a small number of people, so it is very bad for the development of the community to make the coin too concentrated.
 

If it is happen that bitcoin will become centralized in the future I think this is good to all us as investors because we can surely analyze what will be the real trend of its market. Then concentration of bitcoin would be handled purely by the government and would run smoothly by lawful means of transaction. Maybe in this way it could fully helps for the development of country economic growth by means of taxable transaction in a lawful process.

[CenaCena]

I'm not sure it CAN be centralized at all, but it might or it probably will be regulated since it may be beneficial for all the participants of the cryptomarket. What I fear is the scenario when a government (US, for example) will issue its own crypto-reserve-currency which will be a hybrid of BTC and USD and the BTC might lose its position up to its extinction...

[Crungcrungtin]

it's already centralized, we use bitcoin for buying for payments by converting into US dollar..

[Renu kapoor]

it will be nice if this happen at least power of bitcoin will be distributed among all people equally,  and government control will be on it and it can be traded more efficiently and frequently.

[Dann hauer]

Interesting question! Or course government can't let BTC go before take absolutely control about it but how they can centralized that - it's really interesting.
Maybe one day all countries will measure their power counting percent of bitcoin owning by country.

[brutalboy]

I'm not sure it CAN be centralized at all, but it might or it probably will be regulated since it may be beneficial for all the participants of the cryptomarket. What I fear is the scenario when a government (US, for example) will issue its own crypto-reserve-currency which will be a hybrid of BTC and USD and the BTC might lose its position up to its extinction...

I agree. How can BTC be centralized if it is a part of a decentralized system? I don't understand. I can understand regulation, but I cannot imagine centralization or control over Bitcoin. It doesn't make sense to me.