DECENTRALIZED OR CENTRALIZED?

[Vart4varta]

We can say that crypto world is on the threshold of a new exchange format. Thanks to smart contracts, decentralized exchanges are faster and safer than centralized exchanges. No less important factors are the absence of external influence and a low commission for making transactions.

[Stormyblue]

 Blockchain technology is used to create distributed ledger technology. Bitcoin is decentralized because it it integrated on the Blockchain technology. Bitcoin will forever be decentralized.

[Mark7272]

theoretically decentralization is certainly better because it guarantees the security of the protocol. The positive but also negative bitcoin thing is that in case of theft or errors you can not go back what you can do in a centralized protocol. People need help and it's not so easy to keep their savings safe

[Abiky]

Bitcoin is not anonymous and governments can't control Bitcoin unless they hijack the blockchain which is impossible. And in terms of decentralization Bitcoin is less and less decentralized. Zencash is leading the crypto industry with decentralization.
I hope in 2018 you will understand that Bitcoin is not anonymous dude.

That's certainly true, mate. Bitcoin is NOT anonymous by design. While Bitcoin addresses don't explicitly show your name or personal information, they can be linked to your identity if you frequently use a single address on the network. Not only that, but it's possible to view the balances of each address and where did payments originate or where did they go to. As such, privacy coins like Zencash, ZCash, and Bitcoin Private are the best choice to remain anonymous. In terms of decentralization, I must admit that Bitcoin is not fully decentralized compared with some coins in existence to date. This is because, there have been a few players in the mining space which have the most dominance in hashrate within the Bitcoin network. Effectively, ASIC mining equipment and big mining pools, have made Bitcoin centralized one way or the other.

In contrast, coins like Zencash and Ravencoin are decentralized simply because they're ASIC-resistant and have well-distributed nodes across the world (like Zencash). With Zencash's Secure Nodes incentives, it encourages everyday people into running a full node for ZEN to make the network stronger and better than ever. Therefore, in the end, decentralized systems will win, while centralized ones might fail in the long-term. Just my thoughts

[arief.sutono]

It is true that because of the bitcoin decentralization many people must achieve their goals and perspectives in life in a short time even young people for now they have become successful in their lives because of the benefits and opportunities that the bitcoin decentralization system has. So, bitcoin decentralization is the factor why most people like to deal with this because spending less time getting their financial freedom.Thanks

[LeGaulois]

Bitcoin is not anonymous and governments can't control Bitcoin unless they hijack the blockchain which is impossible. And in terms of decentralization Bitcoin is less and less decentralized. Zencash is leading the crypto industry with decentralization.
I hope in 2018 you will understand that Bitcoin is not anonymous dude.

That's certainly true, mate. Bitcoin is NOT anonymous by design. While Bitcoin addresses don't explicitly show your name or personal information, they can be linked to your identity if you frequently use a single address on the network. Not only that, but it's possible to view the balances of each address and where did payments originate or where did they go to. As such, privacy coins like Zencash, ZCash, and Bitcoin Private are the best choice to remain anonymous. In terms of decentralization, I must admit that Bitcoin is not fully decentralized compared with some coins in existence to date. This is because, there have been a few players in the mining space which have the most dominance in hashrate within the Bitcoin network. Effectively, ASIC mining equipment and big mining pools, have made Bitcoin centralized one way or the other.

In contrast, coins like Zencash and Ravencoin are decentralized simply because they're ASIC-resistant and have well-distributed nodes across the world (like Zencash). With Zencash's Secure Nodes incentives, it encourages everyday people into running a full node for ZEN to make the network stronger and better than ever. Therefore, in the end, decentralized systems will win, while centralized ones might fail in the long-term. Just my thoughts

Just to add
With Bitcoin, you can even know where the wallet is hosted (when it's a web-based wallet, exchanges, etc...)
It may be possible for a country against crypto to block Bitcoin and even Zcash but Zencash uses domain fronting method that hides the endpoint of a communication. With this then good luck. Privacy-centric cryptocurrencies are still not a lot considered compared to some, but soon it could be a standard to use privacy coin

[silviyako]

Bitcoin was made with decentralization in mind. as all other crypto.it will just become similiar to fiat when it gets centralized and regulated.

[LinAliza]

Bitcoin is already good as it is now... If they wanted it to be centralized then it breaks the whole bitcoin idea. There are other ways that bitcoin can be centralized and that is through exchangers who have KYC requirements.

[bitterdog]

   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 the initial goal of bitcoin is to decentralizing the model of financial system to minimilizing the inefficiency of the old centralized system. Centralized system is also good for financial system, but if bitcoin also being centralized, i don't understand wheres the differences with the old model. Beside that in my own preferences i like the decentralized system more.

[Epimetheus]

bitcoin must be decentralized if it change into a centralized currency it can be worse and crush the idea of the freedom of transaction and that can make us bound with the resctrication again,

Centralize currency means an currency which is control by any government or authority where as decentralised currency means those currency which are doesn't control by any person or authority. In centralize currency you cannot control the growth of the currency and you have no freedom in its use. Where as in decentralised currency you can manipulate the growth of the currency. In centralize currency you have to pay tax to your respective government but In decentralised currency you doesn't have to pay tax. Centralize currency are more stable than decentralised currency.

[rindayle]

Then I think each system will have its advocate and its adversary. Every system has its advantages. but I think for decentralized system the future.

[Eternu]

   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?

Wanting bitcoin to be centralized is simply wrong. It was made to exclude middle man, and because of that it should stay the way it is. I understand that many people got used to old ways, but we must strive to find a better way of doing things. Maybe having centralized crypto could be good thing, but my opinion is opposite.

[Mister1k]

Then I think each system will have its advocate and its adversary. Every system has its advantages. but I think for decentralized system the future.

With decentralized we cannot able survive for long time. Most of the people does not like the centralized medium since the more people comes to control the power of crypto currencies but with some regulation we cannot still accept the decentralized medium for centralized payment system.

If the currency payment evolves to next level then you will see the crypto currencies is the source to change the marketplace.
We all investors will make money out of it easily too.

[kittikunor]

centralized will destroy the purpose of cryptocurrencies and centralized system your can found it in the out side world

[Enijesiku Sulaimom]

In my own view and understanding with d country I originated from, bitcoin should be centralized bcos if it is not centralized it will be bastadise and use for illegal deal such as money laundry and d likes.

[anrian062]

the most crucial issue for decentralized technology is the implementation of the law. we still haven't fugure it out how to create an high-tech and effective assets/currency to be securable with nation law. most people afraid to invest their money because of this issue. no country(or as far as i know) sheltering a crypto asset. but the technology and efficiency is so favorable. what we can do is to wait until government to take action to support cryptocurrency

[Chaelbrin]

As I would see it may be better decentralized in light of the fact that in every nation have its own particular expert over their accounts if incorporated there will administer the funds of the State over different nations, maybe with the current framework is great just I think the presence of bitcoin in the midst of advances in innovation great in assistance so no negative news stories about the presence of bitcoin and bitcoin can likewise invigorate the economy with the assistance of financial specialists such a great amount of improvement of innovation based tasks so's it as indicated by my viewpoint.

[Successmaniac4]

Cryptocurrency and blockchain technology is decentralized and that has attracted many people to invest in it. Making it centralized will destroy the system and make other people lose invest in it.

[Emilyp]

day by day btc becomes more centralized as there are just some mining companies that want to become the monopol in mining or claim that they own some true companies which will make it centralized one way or another.

You are correct, bitcoin mining is becoming a problem than a solution. If care is not taken we might finally experience a 51% if these pools become selfish.

[HeatherRamsey]

A decentralized system is a very good thing, I think. It is a more modern approach to the development of any of our existing areas. When there are some control centers, it's much better because the monopoly is centuries old.