DECENTRALIZED OR CENTRALIZED?

[InterFinex_JB]

DECENTRALIZED.  that's what its for on the first place. and its working well so far for people who understand the risk of investing in volatile assets. like me.

giving the government (WHO/WHICH GOV'T) to govern BTC would be a mess!

[Polly.Nochka]

   Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
   But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
   For you what is your own perspective regarding this matter?

Bitcoin matters because it is decentralized..
As it is decentralized, it cannot be shut down by governments.

Being decentralized is the reason because bitcoin is so valuable and strong.

As well as the great advantage of decentralization, it is a great opportunity for the lower strata of the population to earn and grow richer. In a centralized system, there is practically no such possibility.

[Kakmakr]

The technology behind Bitcoin is still decentralized, but many people use centralized services like Exchanges and Wallet providers to interact with it. This makes the use case centralized and this is not good for Bitcoin. Why develop a decentralized technology, if you are going to use it in a centralized way?

Most problems occur when services are centralized, so we should start to promote that. Ask your merchant if you can pay directly to a Bitcoin address and not via payment processors or exchanges. 

[Finestream]

I think that bitcoin should be decentralized. Thus he was conceived. Decentralization is the basis of bitcoin's popularity and security. Decentralization makes it impossible to make a hacker attack on bitcoin.

I agree.Bitcoin in the first place is decentalized in nature and i don't think it will be centralized in the future.If people want a centralized one,then there's no need to use bitcoin because we have our fiat currency that is already centralized.And yes it's the decentralization of bitcoin that will mostly attract new investors and the fact that bitcoin is also a volatile one.

[maianh09]

Bitcoin has a general depletion feature and to exclude Bitcoin's broad set of charges is not possible. If Bitcoin is collectively known, the price of Bitcoin can control by its owners. At present Bitcoin is decentralized, but some Bitcoin owners in large numbers are influencing the way it moves.

[walemil]

Nobody can change the decentralized nature of bitcoin and it is important to understand that it is the feature that has drawn millions of users to it all over the world. For me, I enjoy the fact that I don't have to pass through any centralized body before my transaction is completed. Exchanges can be centralized for some reasons.

[joebrook]

A centralized Bitcoin has its advantages because most governments would welcome the crypto currency into their country and a lot of them will unban it making it soar even higher than usual.So in terms of financial profits, a centralized bitcoin will be good for the investors.

[Abiky]

If you want Bitcoin to become a centralized system which is governed and controlled by only few people, then there are many other system you can easily switch to them like PayPal, western union Payments and most importantly banks. You will not face the problem of decentralized system which is governed by people, hence giving every individual power rather you will be a puppet in the hands of few people only.

Exactly. There's a wide variety of centralized choices in this world which are regulatory compliant and don't have scalability issues. However, I believe that decentralized payment systems like Bitcoin are the way to go for many obvious reasons. The level of freedom, and accessibility, allows Bitcoin and other cryptocurrencies to grow at a faster rate in terms of usage and popularity. Since no single entity can control a decentralized cryptocurrency like Bitcoin, people can rest assured that their funds are safe against freezing or confiscation from third parties.

Centralized systems like PayPal, Ripple, Visa, and Mastercard, are extremely vulnerable to freezing of funds, confiscation, single points of failure, and more. Therefore, Bitcoin would be best to stay as a decentralized cryptocurrency for years to come even if it must sacrifice its efficiency in the mainstream world, to maintain its true value proposition. Being decentralized, means that it's extremely resistant to external manipulation, attacks, and more. Just my thoughts

[Xardasim]

In my opinion the decentralized cryptocurrency has revived people's freedom and for that the need for Bitcoin increases every second. Without a third person, the money as much as you want can be send to every point of the world with a small fee and it is a great invention for humanity. I don't think people will use the old system anymore after looking at the taste of the decentralized system.

[BChydro]

Bitcoin has a general depletion feature and to exclude Bitcoin's broad set of charges is not possible. If Bitcoin is collectively known, the price of Bitcoin can control by its owners. At present Bitcoin is decentralized, but some Bitcoin owners in large numbers are influencing the way it moves.

What is broad set of charges, i did not understand the depletion feature you are talking about bitcoin. The price of bitcoin cannot the controlled by some individual, yes there are earlier investors who holds a large amount of coins, unless they plan to sell off the coins nothing is going to happen.

[eaLiTy]

The technology behind Bitcoin is still decentralized, but many people use centralized services like Exchanges and Wallet providers to interact with it. This makes the use case centralized and this is not good for Bitcoin. Why develop a decentralized technology, if you are going to use it in a centralized way?

I cannot understand your logic here   bitcoin is decentralized and if people are using centralized exchanges and wallet provider, so what ?, they are just using those services because they find it easy for them to handle things, that is what we need, we need good front end system for bitcoin so that everyone will be able to use it and even my grand parents need to use it, if that is what it takes to be used by everyone, why not.

[Tylev]

Decentralized or centralized beckkoin. Both have a number of advantages and disadvantages. One thing is clear: if it is decentralized, it will be poorly accepted by the states, and its high volatility will not allow us to use bitcoin as the main currency, as well as currency in international settlements. In addition, the high volatility of bitcoin will hamper the achievement of its high cost. With the high volatility of bitcoin, a panic among investors will arise earlier than it can reach high costs. Therefore, the decentralized nature of bitcoin will prevent the achievement by bitcoin of those qualities that we would like to see in it.

[esa2782]

decentralized of course, because that is the platform of bitcoin and cryptos, where once you get the money it will be forever yours, no laws or orders can take it away from you, because when work so hard and get paid but still there is a chance that our money being "stolen" by the laws, that scenario will not happen with bitcoin, that is why it is important to have decentralized system around, as a "second opinion".

[yusupjatigumilar]

every second there is always someone trying to hack and steal bitcoin, it is certainly a very risky if bitcoin security level is not enough, one of the systems that make safe bitcoin is a decentralized system where every bitcoin financial transaction is recorded and needs to be confirmed on each block before reaching the intended wallet, I would agree more with this system

[Phlaser]

Decentralization of Bitcoin is what gives it a very huge edge in the market. Though government wished they could gain control of it, centralization, which is why they always want to know what and how the technology works. Decentralization enables everyone to participate and operate freely. It promotes privacy and security.

   Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
   But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
   For you what is your own perspective regarding this matter?

[Haliburton]

It's better off for Bitcoin to remain as a decentralized cryptocurrency for many obvious reasons. First, people would want to use money that they could always control. Second, they would want to preserve their wealth for a long time without ever having to worry about governments or any other third party freezing their assets. The opposite side of this, is centralization where Bitcoin could be exposed to external attacks, and easy manipulation from a single entity.

While there's a tradeoff between decentralization and efficiency, I often prefer Bitcoin to stay decentralized even if it doesn't manage to handle a large amount of transactions per second. Therefore, I hope that it could stay as is for quite a long time.

[jaaeeeyyyy]

   Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
   But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
   For you what is your own perspective regarding this matter?

I still believe bitcoin should be a decentralized cryptocurrency. This way no one could manipulate it's power. Imagine that if it happens that bitcoin becomes a centralized coin, lots of capitalists and greedy individuals would come rushing and do all means to be able to lay their hands on bitcoin to manipulate it. Moreover, it would be harder for people outside the cpuntry of operation of bitcoin to buy because it will mostly focus inside the country whatever measure we take. So bitcoib being decentsralized is more than enough.

[bukikbarisan]

may be better decentralized because in each country has its own authority over their finances if centrally there will regulate the State's finances over other countries, perhaps with the existing system well only I think the existence of bitcoin amid advances in good technology in facilitation so no news negative about the presence of bitcoin and bitcoin can also stimulate the economy with the help of investors.

[erickkyut]

   Many individuals agree and have the same opinion about bitcoin as decentralized digital asset, a system without a central bank or single administrator is more favourable.
   But somehow, numerous citizens want also the bitcoin to be centralized, because others believes it can remove barricades and walls to allow more easily reached and democratized financial and economic infrastructure.
   For you what is your own perspective regarding this matter?

I think its not centralization that the other citizens want. Many users are using Bitcoin because of its decentralization. Maybe most of us wants is better security among hackers and scammers. We want laws regarding Bitcoin fraud and related crimes. Bitcoin will always be decentralized.

[Abiky]

I still believe bitcoin should be a decentralized cryptocurrency. This way no one could manipulate it's power. Imagine that if it happens that bitcoin becomes a centralized coin, lots of capitalists and greedy individuals would come rushing and do all means to be able to lay their hands on bitcoin to manipulate it. Moreover, it would be harder for people outside the cpuntry of operation of bitcoin to buy because it will mostly focus inside the country whatever measure we take. So bitcoib being decentsralized is more than enough.

Agree. Bitcoin should stay decentralized as is for years to come. There's no reason to make it a centralized currency, as doing so will destroy Bitcoin and the blockchain's true value proposition. Being decentralized, means freedom, resistant against external attacks, and immutable record of transactions. But, a centralized permissioned cryptocurrency or blockchain will suffer from many disadvantages such as single points of failure, limited access, and confiscation of funds.

In the end, Bitcoin and most cryptocurrencies will do better as decentralized systems since they're open for anyone to audit, join them, or secure them without restrictions or limitations whatsoever. Just my thoughts