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Author Topic: centralize money vs. decetralized money (bitcoin)  (Read 1155 times)
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March 21, 2018, 02:03:20 AM
 #1

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
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March 21, 2018, 02:33:08 AM
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Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
Of course financial advisors still advice to put your money in a bank or in stocks or something like that, do you want to know why? The reason is simple if you didn't they will have to look for another job and they will not be able to earn a fortune by telling people common sense advice, if you invest in bitcoin or in other cryptocurrencies you can earn in a year what they earn in a lifetime.
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March 21, 2018, 02:36:17 AM
 #3

Only Financial Advisor that in relation to a bank will choose a centralized money since banking system is manipulate by few entity. Decentralized is the best for all normal people so that we can have all financial freedom.

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March 21, 2018, 04:08:26 AM
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Hi guys nowadays most people still arguing which is the best centralized or decentralized?
the argument has never been about "which one is the best"! the argument has always been about pros and cons of each system and bitcoin is preferred over centralized currencies in many cases by many people because of its decentralization and the fact that it will be free of corruption as a currency.

Quote
however many of us still afraid in this new type of money which is virtual because it might lose or somewhat
it is not "virtual" it is "digital" there is a big difference between these two words. use a dictionary.
and people aren't afraid of bitcoin because of that, instead they are afraid of it because of its volatility, because of it being new and because of all the FUDs.

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March 21, 2018, 04:53:58 AM
 #5

Only Financial Advisor that in relation to a bank will choose a centralized money since banking system is manipulate by few entity. Decentralized is the best for all normal people so that we can have all financial freedom.

It's definitely better to choose decentralized money because it make sense that any kind of people can participate to this even if others are poor one or a rich one.All people has a chance to develop and enrich their financial aspects without any manipulation and permission by any one whose in the higher position. It is true that financial freedom is one of the very important thing to people in able to reach their success in life.   


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March 21, 2018, 04:59:31 AM
 #6

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

Centralized system promotes despotism. Decentralized system allows you to truly control your money.

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March 21, 2018, 05:01:59 AM
 #7

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

Centralized system promotes despotism. Decentralized system allows you to truly control your money.
Decentralized also carries the issue of having to be in charge of your own money, something a lot of people don't do currently, they trust many others to protect and secure their funds. They trust banks to not allow them to wire certain amounts or provide a large detail to why they are wanting to withdraw over certain limits of cash and it has to be approved. This mentality of being held responsible for your own decisions and protecting oneself is going to be our big uphill battle with mass implementation.














 

 

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March 21, 2018, 05:16:29 AM
 #8

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
For me its better to use Decentralized money because you can control it not like on banks and Decentralized money like Bitcoin is doing good pumps so you will get many profit not like 1% or 2% per year.
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March 21, 2018, 05:23:09 AM
 #9

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
Decentralization is the best because you are holding the coin of yours but in centralized system someone is controlling your funds so you need to decide which one is best.Most of the people are afraid of bitcoin price because the price is bumping and dumping too often so it can't be used as currency yet.

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March 21, 2018, 05:31:30 AM
 #10

Decentralized ftw! Centralized money is causing way too many security problems. To ensure the safety of then ational gold reserves, there is Fort Knox, which way more expensive than ensuring the safety of a decentralized money system. That's why we're all here. In Crypto We Believe.
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March 21, 2018, 05:37:49 AM
 #11

both of them exist and they don't have to contradict each other. they can both live side by side and each satisfy a different kind of need.

the centralized money is limited to one country, it is tied to its economy for example and it is in the control of the government.
bitcoin as the decentralized currency is global and it is not affected by local laws or economy, etc. and this "nobody controls it" feature is a very good one.

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March 21, 2018, 05:41:16 AM
 #12

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
In any system,  a decentralized system is always the best we can see how Amazon,  airbnb and Alibaba as gone so far

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March 21, 2018, 05:53:01 AM
 #13

Decentralised currency seems to be much better than centralised currency.Here in decentralised currency,we are free to use it without being monitored by any authorities and not having any limits to send and withdraw.Also,currencies like bitcoin are free from deflation due to their limited supply unlike USD printed infinitely.Also,decentralised currencies could not be devalued by governments like what Indian government did by demonitising high value notes thus shattering the trust of normal people.That's why,people have started to see decentralised currencies as a safe haven.
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March 21, 2018, 05:56:32 AM
 #14

also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

i find this hard to believe LOL.
financial advisers, advise you to invest your money in real businesses to first gain a better profit and also at the same time help the economy by having your money in real things not have it sleeping in banks for a tiny profit.
investing in a bank is good for saving, that is why it is called "savings account" and it is a guaranteed profit so it has a very low risk compared to anything else.

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March 21, 2018, 05:56:48 AM
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Decentralized digital money has a number of undeniable advantages. However, as we see, due to the large volatility of the crypto currency, it is rather difficult to use as a means of payment. For this reason, it can not be used as the main means of payment. In addition, since the crypto currency is not provided and is not regulated by the central body, its increase in price, since it is formed exclusively on the basis of the supply-demand ratio,
 clearly shows the nature of it as a financial bubble. In order to preserve the dignity of the crypto currency and eliminate its risks, this decentralized crypto currency should, in my opinion, be moderately regulated by the states.

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March 21, 2018, 05:57:08 AM
 #16

For me decentralized money is the best that is why it got bery popular in less time period less than 10 years of invention.And you can use it as you want but it has pros and cons so it is beased on the who are using it.

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March 21, 2018, 06:06:50 AM
 #17

Absolutely decentralised money bringing a opportunity for you to use your currency as your wish! and you don't need to any explanation for your digital money related activities.  also you can gain more profit from digital money if it's value rising then present.

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March 21, 2018, 06:11:30 AM
 #18

A Crypto currency can still be built on a decentralized network and still be centralized. Take all these Blockchain based <private> technologies that are being developed. They will store the "Blockchain" in a decentralized manner for more security, but it will be privately managed by a centralized authority.

The distinction should be made between "private" and "public" decentralization of the network. These "private" decentralized technologies are the biggest threat, because their decisions are not based on the consensus of the public, but rather the decision of a centralized authority.

The Bank that owns this decentralized network makes all the decisions and implement them by pushing the new changes to all of their privately owned "nodes" <See the danger in that?>

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March 21, 2018, 06:15:32 AM
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Absolutely decentralised money bringing a opportunity for you to use your currency as your wish! and you don't need to any explanation for your digital money related activities.  also you can gain more profit from digital money if it's value rising then present.

In as much as decentralized money offers freedom and secured access to your funds it's highly volatile because there is no central control of its inflation like centralized money and so you could go from a million to a zero within a short period of time.



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Rainbot
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March 21, 2018, 06:23:58 AM
 #20

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
Of course financial advisors still advice to put your money in a bank or in stocks or something like that, do you want to know why? The reason is simple if you didn't they will have to look for another job and they will not be able to earn a fortune by telling people common sense advice, if you invest in bitcoin or in other cryptocurrencies you can earn in a year what they earn in a lifetime.

Sounds interesting when we know we can gain an income in one year that they only can gain it for lifetime working.
Thats what people want from bitcoin so thats why many people interest and try to join bitcoin. Its include me.

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