Coral27
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Activity: 184
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April 08, 2018, 06:04:02 PM |
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This is an advantage of the bitcoin. In addition also the longer the bitcoin will increasingly recognize a lot of people in the presence of excess. can feel free in transacting transparently without any of.
We can transact high amount of money through bitcoin, it will improve the transaction system more if we will put our 100% effort to make it better, holding is the best choice that can give you high amount of profit and will also get your money secure as bitcoin is the anonymous currency so you are right your bitcoin transaction will not get transparent in front of other people, so I am watching bitcoin decentralization as best feature for all users of bitcoin. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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slashz9
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April 08, 2018, 06:11:05 PM |
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I think that's true, if it's used for something useful I think it's good, but if it's in use by a terrorist group to buy weapons, drugs, etc., it will be very harmful and make a bad btc in the public eye, regardless I think nothing to worry about anymore.  |
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robotrobert
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April 11, 2018, 05:25:07 AM |
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I think that's true, if it's used for something useful I think it's good, but if it's in use by a terrorist group to buy weapons, drugs, etc., it will be very harmful and make a bad btc in the public eye, regardless I think nothing to worry about anymore. This means the issue is not with the currency or the technology at all. The problem is with users and if there is problem with people, we cannot do anything for them. I always raise this point that things themselves are not involved in wrong things, even the bad things are made by humans so the problem is with human beings. Before virtual coins, gold and other things were used in smuggling even paper money is not safe. |
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HiringYou
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April 11, 2018, 06:48:03 AM |
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There is both significance and insignificance of Bitcoin decentralization.As Bitcoin is decentralized in nature so government is not able to track the transactions made thorugh Bitcoin due to which transactions become anonymous and people are able to send and receive money within and outside the countries and that too without any high fees or extra taxes. Another significance of Bitcoin decentralization is that people can keep an eye on their money and no third party interference is there.One of the major insignificance of Bitcoin decentralization is that due to the anonymity provided my Bitcoin decentralization many people are using Bitcoin for illegal dealings such as drug dealings, ammunition dealings because they know that they will not be tracked by Government.Due to this many countries are against Bitcoin and trying to illegalise it in their respective countries.
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awik p
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Pepemo.vip
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April 11, 2018, 07:24:09 AM |
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I think that's true, if it's used for something useful I think it's good, but if it's in use by a terrorist group to buy weapons, drugs, etc., it will be very harmful and make a bad btc in the public eye, regardless I think nothing to worry about anymore. This means the issue is not with the currency or the technology at all. The problem is with users and if there is problem with people, we cannot do anything for them. I always raise this point that things themselves are not involved in wrong things, even the bad things are made by humans so the problem is with human beings. Before virtual coins, gold and other things were used in smuggling even paper money is not safe. it is effect of decentralization, much of which is feared from this technological advancement. one of them terrorism, because people can send funds without any clear identity, but this is ultimately caught after disbursed fiat money in the bank |
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owlman
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April 11, 2018, 09:25:24 AM |
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There are many problems with centralization. For example, central Banks can print money and plunder your wealth without your consent. Your money in the bank is not actually your money, but the bank's liabilities to you. You don't always get your money out of the bank. It's possible that the bank will only allow you to withdraw 60 euros a day, and it may even force you to confiscate your deposits. Private property is sacrosanct, but people can't help it. In the BTC, these bad things will no longer exist. BTC is a monetary system that is completely out of the bank and only runs on the Internet. Even the law enforcement agencies cannot seize or confiscate BTC. The BTC network cannot be blocked unless the Internet is completely shut down.
In the BTC system, you can really control your money, not indirectly through the bank. BTC has used technology for the first time in human history to ensure that private property is sacrosanct.
You are right, bitcoin with blockchain technology, can in the future change the standard economy, payment methods, and also simplify and improve many other areas of activity. We only need time to see how this will translate into reality. |
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romecheo
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April 11, 2018, 03:09:39 PM |
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If anybody would understand the importance of decentralization, they definitely turn into that features.
Imagine, you have the total control of your currency. No one are able to force you to pay taxes on every transaction. No government can dictate the value of your crypto currencies. Transaction are direct from one person to another this mean less hassle and no payment on third party.
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BitcoinLoan
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April 11, 2018, 03:27:13 PM |
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If anybody would understand the importance of decentralization, they definitely turn into that features.
Imagine, you have the total control of your currency. No one are able to force you to pay taxes on every transaction. No government can dictate the value of your crypto currencies. Transaction are direct from one person to another this mean less hassle and no payment on third party.
No specific entity or organization regulates or backs bitcoin. It’s backed by pure Math and Cryptography. If that scares you, it’s fine. But just know that you can’t corrupt Math or Cryptography like you can physical entities. So just keep in mind that Bitcoin is tamper-proof. |
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1Referee
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Merit: 1427
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April 11, 2018, 03:49:37 PM |
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Imagine, you have the total control of your currency.
Already the case. No one are able to force you to pay taxes on every transaction.
It depends. If you stay away from anything within this ecosystem that's centralized, you won't be noticed. If you make use of centralized services, it's pointless to avoid paying tax, because there is legal proof that can be used against you, and the worst thing is that this proof is stored on servers basically for ever. That's why I decided this year to finally pay tax over the coins I use for trading purposes. Governments will whoop you later on anyway, so it's pointless to avoid paying tax. No government can dictate the value of your crypto currencies.
Everyone can as long as you have the capital for it. The market itself is pretty centralized and will always be as long as we rely on centralized exchanges where deep pockets are trying to nurse their greed at cost of the rest. But then again, even decentralized exchanges don't offer any 'protection' against manipulators. We just have to accept that manipulation is part of the game, which applies to all markets in the world. |
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Kiweikoo
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April 12, 2018, 08:05:13 AM |
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If anybody would understand the importance of decentralization, they definitely turn into that features.
Imagine, you have the total control of your currency. No one are able to force you to pay taxes on every transaction. No government can dictate the value of your crypto currencies. Transaction are direct from one person to another this mean less hassle and no payment on third party.
I also admire this feature and it is one of the reason behind the present success and support of bitcoin. Many people actually most of us don’t like other’s having control over our money. Why would we give anyone else the power to enjoy our wealth according to his ways? Bitcoin is freedom from all such slaveries. Nobody can peek into our transactions and our money is our in true sense. |
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Sum24
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Activity: 448
Merit: 10
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April 13, 2018, 12:14:18 PM |
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There are many problems with centralization. For example, central Banks can print money and plunder your wealth without your consent. Your money in the bank is not actually your money, but the bank's liabilities to you. You don't always get your money out of the bank. It's possible that the bank will only allow you to withdraw 60 euros a day, and it may even force you to confiscate your deposits. Private property is sacrosanct, but people can't help it. In the BTC, these bad things will no longer exist. BTC is a monetary system that is completely out of the bank and only runs on the Internet. Even the law enforcement agencies cannot seize or confiscate BTC. The BTC network cannot be blocked unless the Internet is completely shut down.
In the BTC system, you can really control your money, not indirectly through the bank. BTC has used technology for the first time in human history to ensure that private property is sacrosanct.
You are right, bitcoin with blockchain technology, can in the future change the standard economy, payment methods, and also simplify and improve many other areas of activity. We only need time to see how this will translate into reality. For sure bitcoin is going to improve the system gradually and as it is very sure that the future payment system is going to be the bitcoin system, so bitcoin is the unique currency and it is very prominent among of all crypto currency,. at this present time bitcoin is getting better day by day but we will have to wait for it, for the me the decentralization is the reason why bitcoin is very famous and why it is very high in the whole world because the price can never be fixed to it make profit for the investors, so bitcoin is the decentralized currency which spread the bitcoin wise every day. |
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Birdiebig
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April 13, 2018, 12:49:50 PM |
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The decentralization of blockchain technology that bitcoin has brought has significant implications for life, society and the economy. From the exchange characteristics of peering and anonymity it gives us fairness and transparency and security. In social life there are always controversial issues about "justice" that the rights and needs of the community want in life. Bitcoin provides a solution to improve that. On the other hand, bitcoin provides a powerful management tool to improve the highest performance in any type of business. Eliminate barriers and save on intermediary costs.
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Hell-raiser
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April 13, 2018, 01:31:59 PM
Last edit: April 14, 2018, 12:24:38 PM by Hell-raiser |
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There are many problems with centralization. For example, central Banks can print money and plunder your wealth without your consent. Your money in the bank is not actually your money, but the bank's liabilities to you. You don't always get your money out of the bank. It's possible that the bank will only allow you to withdraw 60 euros a day, and it may even force you to confiscate your deposits. Private property is sacrosanct, but people can't help it. In the BTC, these bad things will no longer exist. BTC is a monetary system that is completely out of the bank and only runs on the Internet. Even the law enforcement agencies cannot seize or confiscate BTC. The BTC network cannot be blocked unless the Internet is completely shut down.
In the BTC system, you can really control your money, not indirectly through the bank. BTC has used technology for the first time in human history to ensure that private property is sacrosanct.
As long as they can come and simply kill you, as is the case anywhere in the world, the sacrosanctity of your bitcoins doesn't mean a shit on the whole. It is rather a question of staying below the radar than bragging about using a technology which allows you to keep your wealth intact and which no one can take from you. But don't get me wrong, the Bitcoin (blockchain) technology is a genuine breakthrough without doubt but it is not a panacea in respect to the questions you raise in this thread. |
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commlinx
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April 23, 2018, 04:11:59 AM |
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Decentralization is the very essence of Bitcoin it gives people the power to transact without the restrains or high fees from the government and the banks. It is open to all but cannot be controlled by thr government or bank. No restrictions just pure transactions. It is secured, it is fast and it can't trace who did the transactions.This is the reason why bitcoin is feared by the central bank and the government.
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Saveplus
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April 23, 2018, 04:25:53 AM |
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Decentralization has many significance in our social life.We are the only one who can transact our money and no third party can allowed.It can avoid risk by hacker and higher taxes that can government imposed on it.
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EnricoGomez
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April 23, 2018, 04:41:12 AM |
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Yes, I do agree on your statements about the disadvantages of centralization and how the decentralization introduced by cryptocurrencies to which the Bitcoin lead is revolutionary.
Decentralization is truly advantageous as finally there will no more of the issues on having a third party and pertaining fees on transaction to it which makes it convenient.
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fernandoaleixo
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Community Manager at Bitsurf.eu
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April 30, 2018, 05:04:53 PM |
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If anybody would understand the importance of decentralization, they definitely turn into that features.
Imagine, you have the total control of your currency. No one are able to force you to pay taxes on every transaction. No government can dictate the value of your crypto currencies. Transaction are direct from one person to another this mean less hassle and no payment on third party.
Yes! This guy. I believe people need to understand the evil of the banking system how it is now, it has grown too much and is destroying everyone life, we can't depend that much on the banking system, we need alternatives or the world will never be a better place. |
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PatronRH
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April 30, 2018, 08:28:32 PM |
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The idea of decentralization is that central banks cannot regulate the price of this currency for any reason and cannot print more of so that leaves it only for the demand of people against the limited amount of supply. But of course every single thing has it's own disadvantages.
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lastnumber
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May 10, 2018, 08:53:34 AM |
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Without decentralization, there would be no equality between the various contributing members in the formation and development of Bitcoin. People at higher levels are often those who have a lot of knowledge and experience in the field. During the research and investment process, senior people will provide more accurate and effective advice and advice. This will help the Cryptocurrency market to grow better. Thus, decentralization in Bitcoin is justified.
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_noname_
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May 10, 2018, 09:18:17 AM |
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the fate of Bitcoin or any crypto so far as that is concerned, depends vigorously on PEER2PEER exchanges. In the past trades of BITCOIN were done through OTC exchanges that never included any managing an account or money related foundation whatsoever. So whether governments over the planet warm up to crypto or not, insofar as there are individuals holding it there would be another gathering of individuals that'll be there to purchase increasingly but then another gathering of individuals that'll offer more.
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