will be Bitcoin centralized ?

[udayantha11]

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 ?

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[ballerin and giroud]

It will never happen if bitcoin system becomes centralized, I think bitcoin is made for a resistance to decentralized system, such as banks and so on. Regulated or not, prohibited or not by government bitcoin users will still exist, because it will be difficult for government to ban bitcoin until the users of bitcoin no longer in the country. It's a system of technology or even more using internet sistem that everyone can outsmart to use it.

[Tipestry]

For every bad thing you can do with Bitcoin there are a hundred good things. It's no different than the automobile, airplanes, cell phones, the Internet, etc. All of these technologies directly lead to deaths and crime but the good they allow overwhelmingly outweighs the bad, same with Bitcoin. The reason Bitcoin is often framed just as some kind of money laundering tool is that it's threatening to a lot of organizations.

[CottonGuy]

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 ?

That won't happen. It will totally defeat the purpose why bitcoin was made. Banks can't do anything about bitcoin. They should be thankful that bitcoin was invented together with blockchain technology. Blockchain is beneficial to banks.
http://uk.businessinsider.com/why-central-banks-using-blockchain-technology-could-be-beneficial-2018-1

Here are some of the banks that are adopting to blockchain.
https://blockchain.works-hub.com/learn/Which-Major-Banks-Have-Adopted-or-Are-Adopting-the-Blockchain-

I think banks will just create their own centralized crypto.

[ivakar]

And how about cash money?! they also can not track it down in fact.
So.. for btc payments it is still possible, and transaction can be tracked down.
They do not like crypto because they can't control its emission and take profits from its regulation.

[Gabz999]

That was the main reason why developer created the bitcoin and why other crypto assets came out. They want a decentralized payment through the technology of blockhain. They don want to be know, if you choose to be anonymose and hide your identity and dont want government choose the payment of bitcoin or crypto currency

[Crytptohack]

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 ?

Wrong, Bitcoin transactions can be tracked. Look up the Silkroad bust, there were 2 agents that attempted to steal Bitcoin that was in the Silkroad wallet. One guy was a secret service agent and the other IIRC was an FBI agent. They were caught by tracking their BTC transactions. Laura Shin did a podcast (Unchained) on this subject and spoke with the federal prosecutor that busted them.

Governments cannot do a dam thing about BTC transactions period. They can make all of the laws they want, but BTC and people will continue to execute transactions.

If you want privacy, look at Monero, Zcash, Verge, Zcoin, Zencash...

[hadveach]

bitcoin can not be centered, bitcoin system is designed decentralized. but bitcoin can be adopted and also managed. or concentrated in a country as a standard bitcoin price of the world.

and I think japan is a country that deserves to be a bitcoin country, they are able to manage bitcoin well.

[chocomartin]

I don't see any reason as to why one would centralize btc, it would go against Satoshi's vision of eliminating "middle-men" from transactions. The reason bitcoin was made the way it is, is to get rid of "double-spending" wherein a third-party who oversees the transaction also gets a percentage of the money spent. I also like to think that Satoshi came up with bitcoin as a big "FU" to "the man" or the government in general, giving us a way to do transactions without an authoritarian entity watching over us.

[Herbert2020]

as per governments view, they never accept decentralized bitcoin.

they don't have to accept bitcoin, in fact government doesn't even come in the picture when we are talking about bitcoin!

the major reason is they unable to track the sender and receiver. smuggling and black money can send anywhere without third party knowledge.

fiat is centralized, it doesn't get any more centralized than that. they can not track sender and receiver when they use cash and many other forms of fiat. smuggling and black money can and does go anywhere without third party knowledge!
so your point is moot.

so do you all think bitcoin can be centralized ? can be do ?

no it can not be done. because bitcoin exists because it is decentralized. if you take that essence away you are effectively killing bitcoin and since nobody wants that, and bitcoin is alive based on the people, so it won't happen ever.

[KesoNie]

And how about cash money?! they also can not track it down in fact.
So.. for btc payments it is still possible, and transaction can be tracked down.
They do not like crypto because they can't control its emission and take profits from its regulation.

Yes and that is why some other countries are banned bitcoin in their economy because of the characteristics of being decentralised of bitcoin. Decentralised means they can't control the in flow and out flow in the world of cryptocurrency and the worst case for them is they can't get any profits on it so instead of allowing bitcoin they choose to banned it.

[Dudeperfect]

Never! Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it. There is a theoretical possibility of 51% attack but again, it will need high amount of resources and money to attempt such attack and Bitcoin will fall to 0 soon after such attack so it would be like a suicide for anyone along with the network so practically it is not possible.

[endlings]

If bitcoin can be concentrated and tracked down by the government, is Bitcoin still there? This is just an alternative market dominated by the state government. How can we get us?...

[Kakmakr]

In a way, Bitcoin is already centralized, because a large percentage of users are using Bitcoin through centralized services. The online wallets and the Bitcoin exchanges are all centralized services. Most of these services have to adhere to KYC/AML regulations, so the government has already infiltrated these services.

In the future, this will just increase and more and more of these services will have to bend the knee before the government to keep their doors open.

[Baimovic]

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 ?

Wrong, Bitcoin transactions can be tracked. Look up the Silkroad bust, there were 2 agents that attempted to steal Bitcoin that was in the Silkroad wallet. One guy was a secret service agent and the other IIRC was an FBI agent. They were caught by tracking their BTC transactions. Laura Shin did a podcast (Unchained) on this subject and spoke with the federal prosecutor that busted them.

Governments cannot do a dam thing about BTC transactions period. They can make all of the laws they want, but BTC and people will continue to execute transactions.

If you want privacy, look at Monero, Zcash, Verge, Zcoin, Zencash...

I observed monero, that monero has 3 techniques to protect privacy,
first, the ring signature, used to disguise the identity of the sender, finally the monero blocker has a function to hide the number of transactions.

so monero provides a higher level of privacy than a more transparent blockchain system.

so this monero became the choice of hackers and criminals.

[Pursuer]

In a way, Bitcoin is already centralized, because a large percentage of users are using Bitcoin through centralized services. The online wallets and the Bitcoin exchanges are all centralized services. Most of these services have to adhere to KYC/AML regulations, so the government has already infiltrated these services.

In the future, this will just increase and more and more of these services will have to bend the knee before the government to keep their doors open.

not at all. the fact that some people (even if it is really the majority of the bitcoin users) chose to use some third party centralized services does NOT make bitcoin a centralized thing.

it is like saying there are a lot of traffic accidents (with cars) and a lot of them lead to deaths so "cars" are "murder weapons"!

the way people use a tool does not define that tool. the decentralization of bitcoin is about the fact that it is a decentralized network of nodes that can be ran and is run by individuals that choose to do it and you don't need permission from a third party to use bitcoin as in send and receive to anyone at anytime you want.

[Gontxi]

because bitcoin is better than banking, because bitcoin is not centered by the company or big power.
there are some who become bans in some countries. as you say, that it is the negative effect of bitcoin. but basically, every crime is always there everywhere.
bitcoin is created for the secrecy of a person without any intent in a criminal act

[Direwolve735]

The matter is that now it is impossible to say without doubt that Bitcoin is absolutely decentralized, unregulated and independent. When the crypto-exchange rialtos appeared, they killed the decentralization of bitcoin. And the mining of bitcoins has now become almost inaccessible to the average person, mining "centralizing" is taking place. Bitcoin will not become completely centralized, because it will kill its purpose and features. But the elements of centralization can be traced already now.

[WUUEX79]

so do you all think bitcoin can be centralized ? can be do ?

It's impossible, Bitcoin will never be centered.

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.

This is the classic reason which the government has posted upon their incompetence in managing crypto currency. Until whenever the government keeps still pretend to be stupid because doing tracking ownership of bitcoin never benefits them (not a profitable project) all that exists in their brain is money, money and money.

[rarg]

If you mean about Bitcoin technology, then it can't be centralized. Bitcoin was designed to be decentralized.
Perhaps you need read about this Bitcoin WIKI: https://lopp.net/bitcoin.html