dear53
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August 13, 2018, 07:37:21 AM |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Leo Barnes
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August 13, 2018, 07:51:03 AM |
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No, it will not because bitcoin is made to be autonomous, independent, distributed, bitcoin can exist without the authority.
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Ains_sama
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August 13, 2018, 08:15:29 AM |
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in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.
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ETHtotheMOON1
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August 13, 2018, 08:20:15 AM |
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as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.
so do you all think bitcoin can be centralized ? can be do ?
decentralized systems mean people can have better control of the finance. But yes, governments might fear that. However it seems that they're adjusting their frameworks to that |
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mikan111
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August 13, 2018, 08:24:32 AM |
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The whole essence of BTC is precisely in decentralization, if that happens, BTC will lose all that is why people started to see a sake of a market without central regulation and manipulation.
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nina_duschenko
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August 13, 2018, 08:28:42 AM |
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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  What do you think? |
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calabrianexceeded
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August 13, 2018, 08:34:32 AM |
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in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.
if they are still subject to full conversion policy from / to fiat, they will still get a place for decentralization, but if they don't get that regulation it will also make the system chaotic because bitcoin can be used for any benefit that endangers the state, centralization in this important, but only applies to verbal use for business and real taxes. |
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forbesmining
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August 13, 2018, 03:18:12 PM |
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as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.
so do you all think bitcoin can be centralized ? can be do ?
It is stupid in my opinion because bitcoin was created to be decentralised and the main point which is the difference of Bitcoin from all the other currencies is that decentralised system. |
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dupee419
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August 13, 2018, 03:26:45 PM |
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Well, I hope not, the thing is that if BTC becomes a centralized currency, then I think that everything will change, there will be havoc if this thing happens, the flow and probably literally everything will change, and that is what we do not want to happen, BTC being a centralized currency will never happen, it is impossible.
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IndigoRed
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August 15, 2018, 03:24:10 AM |
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Wasn’t bitcoin designed to be decentralized? Making it centralized will only defeat its purpose and deprive us of the change to have a free market and complete ownership of our money.
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nagobinga
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August 15, 2018, 03:30:16 AM |
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yesterday bitcoin at 3 o'clock cannot be opened because there might be an unexpected error, maybe it has happened an error on the server in bitcoin I don't know or bitcoin will be closed.
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Raja_Salman
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August 15, 2018, 04:01:28 AM |
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as per governments view, they never accept decentralized bitcoin. the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.
so do you all think bitcoin can be centralized ? can be do ?
maybe it's one of the weaknesses of bitcoin that is always seen as bad by everyone and even the government but we all can't ensure the future of bitcoin will be like what will be the most important take advantage of the opportunities we get to make a profit |
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giantrobot
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August 15, 2018, 04:13:21 AM |
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I do not think so, Bitcoin was created to be able to deal decentralized, to break the rule of focus. Your saying seems to go against the purpose of Bitcoin when it was created. I think if you want Bitcoin to live with the government, Bitcoin should give up the anonymity increase, plus the ability to track transactions from the government, so they will accept us.
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elwiswoodie
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August 15, 2018, 04:16:25 AM |
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If BTC is centralized, then who will manage the entire bitcoin system scheme?
Is it a bank or government
but, I think making Bitcoin centralized is a bad choice, where transparency becomes useless, and what makes me confused again is, who is the actual Bitcoin creator?
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Ngewex Yuk
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August 15, 2018, 04:34:38 AM |
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in my opinion it's just an excuse, Bitcoin will remain decentralized. if the government does not accept Bitcoin. then their country will be left behind by the progress of the times. the government is currently testing the feasibility of bitcoin for transactions. and I think bitcoin will soon be accepted in all countries. as a decentralized currency.
Yes right, there is no strong evidence that there are people who can control bitcoin, bitcoin transactions are always in small quantities but large quantities so I believe that bitcoin will forever be decentralized. |
TIME
TO
SLEEP
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team87
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August 15, 2018, 04:48:04 AM |
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very small possibility if bitcoin has to be (controlled)! no reason or method for that. and that will never happen. the government should support bitcoin by considering the future potential and technological progress.  |
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shadyrifles
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August 15, 2018, 04:48:27 AM |
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Bitcoin will be centralized in only one case if you’d have 51% control over the bitcoin network. Even NSA would have trouble by expanding the size of the network; the core protocol will always be decentralized in most cases. In simple words, it’s not possible to make bitcoin centralized!
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Sate Jamu
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August 15, 2018, 05:02:08 AM |
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Bitcoin will be centralized in only one case if you’d have 51% control over the bitcoin network. Even NSA would have trouble by expanding the size of the network; the core protocol will always be decentralized in most cases. In simple words, it’s not possible to make bitcoin centralized!
With the marketcap of more than $ 120 billion, of course it is crazy to have money up to $ 61 billion in the form of bitcoin, I'm sure there won't be anyone who wants to do that, so I'm sure that pure bitcoin is decentralized. |
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shawn995
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August 15, 2018, 05:21:58 AM |
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It will never happen if bitcoin framework winds up brought together, I think bitcoin is made for a protection from decentralized framework, for example, banks et cetera. Managed or not, disallowed or not by government bitcoin clients will in any case exist, since it will be troublesome for government to boycott bitcoin until the clients of bitcoin no longer in the nation. It's an arrangement of innovation or much additionally utilizing web sistem that everybody can outflank to utilize it.
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lobster88
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August 15, 2018, 05:28:59 AM |
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If Bitcoin will be centralize then the main purpose why Bitcoin is created will set aside because being a centralized will have someone that can track the users and the identity of everyone using it will reveal. A decentralized crypto currency wherein the users will become not known is what people are eager to use Bitcoin which is also its unique features. So I don't think that Bitcoin will be decentralized because before that happens a lots of people will not agree to this and it will remain as it is thus further improvements of the community will only happened.
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