EUM
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September 11, 2018, 03:50:32 PM |
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Crypto currency should not be centralized. The Crypto-currency was created as an element of payment, which was supposed to withstand inflation, centralization and keep anonymity of purse holders. This is the business concept of crypto currency.
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KridNewoj
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September 11, 2018, 03:56:57 PM |
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I do not think that bitcoin will be centralized because ,bitcoin is design and launched as digital decentralized cryptocurrency, but it might be only centralized if the cryptocurrency is been accepted by the government around the world.
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mxyzptlkof6th
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September 11, 2018, 03:59:48 PM |
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For me i think no, bitcoin will be not be centralized. Because the crypto was created as an element of payment. Be only centralized by the government.
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pragna
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September 11, 2018, 04:05:44 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 ?
Yes, it is possible. Now some government accept this some government are not. Thats why it is still not centralized. But i think when whole world government body will accept it, it will be centralized and will be under control to all. I think whole world now thinking also about this as it using block chain technology.  |
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Kay94
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September 11, 2018, 04:06:06 PM |
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All blockchains are created on a simple technology and they are all in a decentralized form and this the reason why people are afraid of it. There is no way btc can be centraclized. Maybe in the second world of cryptocurrencies to come.
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Usafstar
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September 11, 2018, 05:55:24 PM |
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In my opinion bitcoin will not centralized because the importance of bitcoin is because it can not control by the organizations like central banks etc because they are managing fiat through this way and bitcoin is difficult to control while it will ever decentralized and it's use will more rise once the people demand rise for it and many businesses like post department in our country accepting bitcoin for payment and it is not the last many new businesses are planing for it to accept like fiat.
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beyasuli
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September 12, 2018, 08:14:18 AM |
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I do not think that bitcoin will be centralized because ,bitcoin is design and launched as digital decentralized cryptocurrency, but it might be only centralized if the cryptocurrency is been accepted by the government around the world.
Everything can happen in the future. But for short-term bitcoin it remains decentralized. Because if centralization is applied slowly bitcoin will die. The main characteristic of bitcoin is decentralization, which is monitoring bitcoin carried out by many servers on the blockchain that regulates the movement and records the amount of bitcoin that has been circulating. If centralization is implemented, data manipulation can appear which will cause chaos in the blockchain system. |
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yitzjoe
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September 12, 2018, 09:20:19 AM |
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to turn bitcoin into centralization is very difficult because it changes the core blockchain and it will cause a lot of problems, but if the regulation of bitcoin in each country is set so well for example from the tax side then it is still possible
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teamspike911
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September 12, 2018, 02:56:19 PM |
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Nope, it just can not be. It is the decentralization of its main feature ... what should happen to bitcoin lost its main idea?
And why would bitcoin be needed at all?
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harbin55
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September 17, 2018, 03:40:51 PM |
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I guess no. Most of the people around the world know about Bitcoin and the its outstanding value of course. People will not allow that though, if that happen illegal mining and working will work on. There's VPN though so people will work and get BTC but that will never happen for me. Impossible to happen since it is very popular on so many country in the world. It may be ban but not Centralized.
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#davidnugroho
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September 17, 2018, 03:45:02 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 only takes time for bitcoin to be centralized again and can be controlled by the government with the development of new things. |
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Xena_Xena
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September 17, 2018, 03:52:05 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 ?
Bitcoin can be considered decentralized. But only count. No one will tell us about the identity of Satoshi Nakamoto and how many people this is. We do not know whether the father of Bitcoin has any special rights in the blockchain of bitcoin, and therefore bitcoin is only "conditionally decentralized." There will be no complete centralization. This contradicts the very essence of the crypto currency and turns bitcoin into PayPal we know. But in the case of legalization bitcoin as a currency, nothing prevents to track people exchanging bitcoin for dollars in exchangers. The transition to fiat currencies will always be accompanied by the appearance of an electronic traces. But inside the blockchain we can maintain our anonymity. In addition, studies were conducted and it was proved that the underworld preferred to use the dollar. Using crypto currency for money laundering and stuff ... it's too expensive for the underworld. |
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quoctien1997
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September 17, 2018, 03:54:24 PM |
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Yes, I agree with your opinion. True, if Bitcoin is focused, it will have serious consequences, giving the criminal a chance to launder money and hide their illegal behavior.
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Xena_Xena
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September 17, 2018, 03:55:17 PM |
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it only takes time for bitcoin to be centralized again and can be controlled by the government with the development of new things.
The centralized bitcoin will lose all its advantages as a payment system. I can allow regulation, but not centralization. |
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Loopper
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September 17, 2018, 03:56:09 PM |
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to turn bitcoin into centralization is very difficult because it changes the core blockchain and it will cause a lot of problems, but if the regulation of bitcoin in each country is set so well for example from the tax side then it is still possible
Anything that can happen in the future because of its cryptographic development because we can only see the next development that occurs with crypto. |
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Xena_Xena
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September 17, 2018, 03:57:20 PM |
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Nope, it just can not be. It is the decentralization of its main feature ... what should happen to bitcoin lost its main idea?
And why would bitcoin be needed at all?
I agree with you |
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Xena_Xena
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September 17, 2018, 04:04:30 PM |
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if bitcoin is centralized maybe transaction costs and others will increase, because all about bitcoin will be regulated by the center.
but I think bitcoin will not be centralized, bitcoin will become decentralized, any government cannot regulate bitcoin unless they ban it
Bitcoin can not be centralized. This is technically contrary to its essence. |
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Xena_Xena
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September 17, 2018, 04:10:29 PM |
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It will never be centralized unless Satoshi change how bitcoin was developed the rules. This bitcoin was founded in a way that was created. If it will be centralized the more hassle. Like taxes, more corruption, government interfere, and banks limit.
Then in bitcoin as in the payment system there is no need. |
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visionE2
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September 17, 2018, 04:25:51 PM |
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bitcoin never can be centralized because the system of bitcoin is fixed to be decentralized through peer-to-peer system and noted on blockchain system
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Kasliono
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September 17, 2018, 04:26:50 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 ?
Actually, as we already know that there are several market which centralized and also some of them are decentralized. When we invested or put our bitcoin into the Exchange which is centralized, it is mean that the bitcoin already centralized, which you cannot do the thing for your asset without any permission of the market. Even they can say that the market has been hacked then we lose our asset. |
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