centralize money vs. decetralized money (bitcoin)

[AliMan]

Centralized money is good for state economics, it would be impossible to have tax policy and control businesses without centralized system. Decentralized system has certainly its advantages, but it makes easy to commit some crimes.

Centralized money is the money that we are using today. Everything that you can see can be bought using cash but, this type of money is taxable and when you transact with others like this one, you need an intervention like banks, contracts. Decentralized money can be operated without any intervention using peer-to-peer network connection where in you can transact with others overseas without any intervention.

[carodupuis]

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.

Before the introduction of the crypto currencies, this world was least aware of the concept of the decentralized nature of the money and all they knew was there is only one type of money and that is centralized money. However, things have changed very much now and that this world is really experiencing a very positive change and that by the introduction of the decentralized money, things have started getting better.

[bhabygrim]

I would choose decentralized money or bitcoin ,
I think it is much more better than the centralized money I think we all want some freedom and I think it is a way to be free from the government.

[Pansamantala]

If I were to answer that question I would definitely say that decentralized currency is the best form of currency at the current moment because of the high convenience as well as the economic benefits it could offer to the world economy, but it does not mean that centralized currency will be set aside, in fact decentralized currency cannot replaced the centralized money since we have a government.

[Xester]

Both centralized money and decentralized money have its own advantages and disadvantages. Centralized money is being controlled by some few which leads to overproduction or overprinting of fiat money. Decentralized money is good but the problem is that whenever there are problems that needs to be solved their is a need for a consensus that sometimes caused conflicts between the community and in the end will result to a split.

[Radio-Active]

centralized money like banks system are controlled by regulations and governments.
but bitcoin and cryptocurrencies are decentralized system, no centralized system can control it.
i think decentralized system have more advantages and freedom.

[The_Dark_Knight]

Both centralized money and decentralized money have its own advantages and disadvantages. Centralized money is being controlled by some few which leads to overproduction or overprinting of fiat money. Decentralized money is good but the problem is that whenever there are problems that needs to be solved their is a need for a consensus that sometimes caused conflicts between the community and in the end will result to a split.

While there is no doubt that decentralized currencies have the huge disadvantage that you need consensus, at the same time that is a protection that means that no centralized party can try to impose his views about what it should be done with the currency because that means they'll be impossible to print too much of it or to change the protocol in something people do not want.

[Masongrae]

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?

Centralize money is the one we are currently using or the paper money, decentralized is the digital money that is stored in a system which can be access online. And it is decentralize because it is not manipulated by any government, and no third party involve when it comes to transactions.

[loveinberlin]

I think that most people would agree that today it is better to give preference to the decentralized money due to the obvious reasons. First of all, it provides you with the better security level and you get more freedom being able to manage your money.

[Azha]

  My thoughts are just like you. There is no reason to be afraid of fear. There will be another time to come again once. If you do not get a rick, it can not be beneficial. 

[goldade]

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?

Decentralized money is way better than centralized ones.  The advantages are just too numerous to count.
The major advantage of decentralized money over centralized ones is that the government don't get to control it. Individuals control their money with no interference from the government or other regulating bodies. Another advantage is that there is no payment of taxes over all transactions mad using decentralized currency and so transactions can be made freely without any fear of taxes.
Banks' transaction fee over centralized money is just way too much. Imagine a bank charging over $700 on a transaction of $5000 whereas the highest transaction fee you can be charge when transacting using decentralized money is less that $30.

[Boldcom]

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?

The debate of decentralization vs centralization is always polarizing. Decentralization is seen as a good thing in the cryptocurrency world. It turns anything that’s normally controlled by overbearing centralized authorities into a slippery eel that’s hard to shut down on.

[Epimetheus]

Centralize money are know as physical currency which are created by national of their own where as decentralised money are known as electronic currency. Centralize money are under control by a nation or a person or authority where as the decentralised currency is not control of any kind of authority or person. Centralize currency are controlled currency so it is less volatile so its is less disturb in its production and distribution where as decentralised currency are uncontrolled currency so it is highly volatile in nature.

[Dmitry.Vastov]

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?

Centralised money is what paper currency is, all the Fiat currency is centralised currency which is approved by the government of their respective nations and now a days these currencies are been in use for having general transactions and on the contarary decentralised currency is all crypto currencies which is not approved by any government, though there are few nations who has legalised crypto but if we look for the globally then crypto currencies are still decentralised currencies.

[sajidm]

For me i would prefer decentralized because decentralized are not controlled by the government you can do whatever you  want to do with your money...

[DavitRoi]

Well, few years earlier people were afraid to keep money in a card. But today they are using it as they did for fiat money. Many are saying of crypto that these are virtual not trusted, but one day they will use it and will feel secure.

[ajochems]

If you compare centralised money and decentralised money, decentralised is the best one.The centralised coin price is controlled by some one else. But decentralised coin is free from individual control.Most of the people prefer to inverse in decentralised currency.

[dutchkay]

When looking at it, they both have their advantage and disadvantage. Centralization have lot;s of manipulation and people have refused to notice that the banks now deals on electronic money which can easily be manipulated unlike before. Everything is all digits now and who says that they are worth that amount they claim is in their reserve. Decentralization gives power to the people but what can't be controlled will always be misused. Theft and hackers everywhere which some still thinks that a bit of centralization needs to be in place.

[KeezAZA]

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 the best idea is using both of them. It is very simple. If you work somewhere you can safe for 50% of your money by Cat and the other you can invest into bitcoin for example. You will get benefit from all these two parts.

[crossabdd]

they are afraid to put money on bitcoins, because they are less understood with technology or don't understand technology. different from real currency, even people who don't understand reading can understand about real currency, because from the first everyone in the world using the real eye, and the state organize it. so it has a guarantee and rule of law. while bitcoin, this newborn. and only thrive on computer and internet networks. so not everyone knows it. and there is no regulation from all countries.