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Author Topic: centralize money vs. decetralized money (bitcoin)  (Read 371 times)
deevan
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March 21, 2018, 07:55:33 AM
 #21

Both have their cons and pros, regarding the decentralised money you will be having full control on your money, your digital currency can't get freeze like banks use to freeze suspected accounts. No need 3rd party interference for your money transaction and this decentralized system is giving freedom to the financial system to anyone. For example, there are many countries in the world consider rural areas who don't have access to banking system or can't afford the high fees implemented by banks, for these people adopting decentralized system is best. But one more thing if you lose your digital currency you can't claim to anyone for reverse transaction or funds lost due to revealing your PK by mistake.
Let's come to centralized system i.e. banks, they have control on your transactions if hacking takes place on their servers or ATM and your money is stolen then banks will reimburse you for your lose unlike in decentralized as there is no authority controlling decentralized system.
People must adopt any means of financial service as per their needs.
And obviously financial analyst will advise you to put money in banks, don't they want to make profits from our money?
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March 21, 2018, 09:01:54 AM
 #22

investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

So this rant is basically about interest rates, and how it's nothing compared to Bitcoin's growth? Investing isn't the correct word to use in this context either, especially because we're talking about currency.

Banks are meant to keep your money, not grow it; interest rates are just there to encourage you to keep your money there and soften the impact of inflation somewhat. Bitcoin on the other hand is just currency, which people are using for investments because of its tendency to grow explosively. If your sole concern is profits, then Bitcoin is far better, though it also comes with the risk of you losing money to wild price swings. This has nothing to do with centralization of money or lack thereof.

Either way, both models have their strengths and neither is perfect. It just boils down to which risks you're willing to take or forego. It's not so black and white that you can declare one better over the other because of one or two aspects. It's mostly a matter of preference.

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March 21, 2018, 09:02:33 AM
 #23

Decentralize Currency is for you if you like to have your financial freedom. Centralize currency means always being tagged a watched.

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March 21, 2018, 09:09:08 AM
 #24

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?

Most of the arguments are skewed towards whether advantages and disadvantages between centralized and decentralized platforms. Between government controlled and individually controlled systems and may be away form corruption as opposed to centralized.
Decentralized platform offers freedom of access to your account and a lot of options for its security.
However, it is highly volatile and so many are discouraged. but still, if you are wise enough you can gain from it.
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March 21, 2018, 09:14:47 AM
 #25

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?


I think not as you think. too complicated and twisted. in essence, in the case of bitcoin. you do not have to bother thinking about fiat or traditional money. Essentially, everyone is currently looking for the benefits that can be gained from bitcoin. whether it be trade, mining or investment. basically bitcoin is created to cope financially as the banks do not. and now bitcoin has evolved not just the virtual currency, but rather the very valuable asset.
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March 21, 2018, 09:15:46 AM
 #26

Decentralized money is definitely more appealing than the centralized banking systems, the Banks tend to lend out your money and charge high interest rates for it making a kill,while only giving you a small portion as interest, decentralized money on the other hand can rapidly gain value over a short period of time and earn good returns.its also not controlled by any one making its operation simpler.
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March 21, 2018, 09:21:54 AM
 #27

Centralized money is more safety because they are people who are administrating transactions.
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March 21, 2018, 09:37:54 AM
 #28


Centralize is what most of the population use and trust. Change takes time and sure decentralized money will be the future.
For me it takes time to understand as example i am a social volunteer and run some welfare organizations and i know how hard it is to accept donations in real world. Theres a layer of layers entities from where the donations passes. ie. the one who collect take there cut then it goes to banks which is controlled by governments then the local organizations every one just making there cut and forward the remaining on ground work.

As a decentralized money it comes directly without any government or large organisations.



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March 21, 2018, 09:40:28 AM
 #29

Nether you like it or not we are now on a high technology world, in this world cryptocurrency is a decentralized platform of money suites in this world because this money solve and break the money barrier of the world because you can purchase anything wherever you go in this world and you can bring it anywhere without bother to anyone and the decentralized money controlled by you. and I think it is the most advantage in many ways and better than centralized money.

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March 21, 2018, 09:42:21 AM
 #30

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?
Both have different advantage and disadvantages but i will prefer the use of centralized money because it is safer than decentralized. Centralized money has a control where it can lasts in a very long time while decentralized money is risky , the price varies on how the demand is high and so the supply and it is not backed by physical valuables like gold.

removebeforeflight
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March 21, 2018, 09:44:54 AM
 #31

Centralized money have ruled the world for a decade and it is outdated now. Each and everything needs a change and centralized money also needs a change at this time.

Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
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March 21, 2018, 09:51:48 AM
 #32

Centralized money have ruled the world for a decade and it is outdated now. Each and everything needs a change and centralized money also needs a change at this time.

Decentralized money is the future and it is going to rule to world for another decade at least. Decentralized money is the need of the current situation since everything has moved to new technology. Bitcoin is the base for this and all the crypto currencies are following the same technology to make the people to use it and benefit through it.
Yes, decentralized money are the fiat money that every society uses today and it is full of regulation by the central bank as the central control, unlike bitcoin that are decentralized therefore there is no central control and all its transaction is mostly anonymous. There is a feasibility that crypto currency will be the future or the new form of money on the new era as our world continue marching for acquiring advance technology that will change humanity's life style.

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March 21, 2018, 10:07:08 AM
 #33

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?

Financial analyst would suggest not to invest your money in decentralized currencies because you will have an idea later on that you do not need them anymore because you will earn good income so they would lose an income too. If they suggest to put your money in the bank or in traditional investment vehicle like stocks and mutual funds then you will earn after a few years which means you will need their services for a few years and they would earn more income. There are still so many people who think that this is scam because those bankers are spreading negative information and people believe in banks.

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March 21, 2018, 10:11:44 AM
 #34

The difference between decentralized vs. Centralized money is centralized “the concentration of control of an activity or organization under a single authority.” while decentralized is the movement of departments of a large organization away from a single administrative center to other locations.”
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March 21, 2018, 10:18:03 AM
 #35

The currency is centralized and controlled, managed. Bitcoin is not, it is decentralized, unmanaged, all have the right to own and control it.
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March 21, 2018, 10:19:26 AM
 #36

Centralization is the concentration of control of an activity or organization under a single authority. Decentralization is,the movement of departments of a large organization away from a single administrative center to other locations. Essentially, if something is centralized, there’s a single point that does all of the work involved in any given action. On the flip side, if something is decentralized, there are multiple points that do the work.

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March 21, 2018, 10:53:47 AM
 #37

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?


You know what I think? I think people like you should stop making fiat and cryptos look like enemies together with the people who support them. The reason why is absolutely simple, it is because for people that use fiat alone, they only need fiat, but for us crypto people, we need both. But none of us are either wrong or right with what we choose to use. Because both fiat and cryptos have their own share of pros and cons. And if people are wise enough to see, they will not look at fiat and cryptos as enemies and want the other to disappear. Just think about it.

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March 21, 2018, 05:57:39 PM
 #38

In decentralized architecture there are multiple advantages over centrally governed currencies.

1. Fast and secure transactions
2. Low transaction fees
3. Security is inbuilt with Blockchain architecture
4. Redundancy is available
5. Anonymity can be achieved if anyone want

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March 26, 2018, 04:47:31 AM
 #39

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.
Think about it, at the beginning of 2017 the price was 1000 at the end it was 20000 a 20 times increase in value in just one year, in what investment you can get those kind of profits in just a single year? The stock market in a good year will give you 10% that is nothing compared to what you can get in the market of cryptocurrencies, yes there is a big risk but if you are willing to take it and you are patient and you select the right coin then you can make a significant amount of money.
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March 26, 2018, 06:53:14 AM
 #40

if you look at the bank system now, that is centralized. The database must be high availability, cannot be down even a few secs.
but in bitcoin, it is decentralized. The database and system is spread around the world. Never worry about down of bitcoin database.

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