DECENTRALIZED OR CENTRALIZED?

[fatmia95]

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.

Decentralized system is the way much more better than centralized because decentralized will make sure that power will not focus in only someone's hand that mean it will be more fair for normal people like us.

[Cryptoreflector_666]

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.

Nevertheless, decentralization, even in this case, will have advantages, since it is much safer than the usual centralized systems and the level of trust from the population will be much higher than what is now in this area

[Rkss4]

Bitcoin is a decentralized virtual online currency because maximum countries it is not controlled by governments and banks but centralized currencies is controlled by banks, government.

[akashark]

We like bitcoin because it is a decentralized revolution. In my view, I think the decentralized system is far better than Centralized. Centralized means it is controlled by a team or someone can control that by their want. But in decentralized, anyone can do their job without permission. I think, in this crypto, most of the people love the decentralized system. If I compare in the crypto exchange between centralized and decentrali9ed exchange then, many people love centralized exchange for their security and decentralized has a fear of hackers.

[Eclipse26]

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.

I much prefer being decentralized because no one can control or manipulate it even the governments. Once it was being centralized they have the power to control it whenever they wan. In fact it is more safe for me being decentralized than centralized because not all people in the government are trusted.

[Ethan Argu]

Being decentralized nothing control any goverment and also bank is has a good effect for the people who using bitcoin. Because it easy to transact. When it comes centralized it goes to the transaction between the malls, restaurant, coffee shop etc. They give a rules for that so in my side its better to be decentralized bitcoin is much effective to make it that iy would help many people for this decentralization.

[KrakenZ]

I prefer if bitcoin is made in a centralized system. with the centralized system the bitcoin will be more manageable. bitcoin prices will be more stable. crime through bitcoin can also be handled well because crime can be more easily controlled. I am sure if bitcoin is set then bitcoin can be more widely accepted by society. no more price manipulation and crime involving bitcoin. That's a bit of my idea

[YungCryptoHusla]

The initial idea was to create a truly decentralised system. There is no other way to build the system right if we want it to be independent.

[xamxam]

   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?

Wll, it is better for the bitcoin users if it will become centralize because that was one factor that we can say bitcoin will last forever. There are other countries who want it to use as their regular money as payment in some stores if it is become centralize then many people will attract to invest  or buy bitcoin.

[bitkid015]

100% on decentralized, so we are free to the control of the corrupt politicians/governments. However it may still took a long time for it to become a reality, but I still believe on it.

[bitkid015]

   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?

Wll, it is better for the bitcoin users if it will become centralize because that was one factor that we can say bitcoin will last forever. There are other countries who want it to use as their regular money as payment in some stores if it is become centralize then many people will attract to invest  or buy bitcoin.

That's maybe true but when it becomes centralized the government will have the right to manipulate it like they are doing with fiat for the longest of the time.

[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?

Wll, it is better for the bitcoin users if it will become centralize because that was one factor that we can say bitcoin will last forever. There are other countries who want it to use as their regular money as payment in some stores if it is become centralize then many people will attract to invest  or buy bitcoin.

That's maybe true but when it becomes centralized the government will have the right to manipulate it like they are doing with fiat for the longest of the time.

They would not have the "right" to manipulate it, but if that was the case they could do it. Decentralization is one great thing about bitcoin and blockchain in general, and if you take that out... everything that would be left is no different from any other currency out there. Centralized system seams like good thing, but its not. At least that is how I see it.

[Eternu]

there are now so many developing decentralization, and in my opinion the best is centralization like bitcoin. if centralization all get connected easily.

You got it all wrong. Bitcoin is not centralized, its opposite. It would be best if you do some research before making posts like this.
Here is the link where you can find basic understanding what blockchain is: https://en.wikipedia.org/wiki/Blockchain

[tegarp90]

   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?

The price of decentralized crypto currency is easily manipulated by who own the coins much.
But it's also good because the price can pump easily too.
If centralized, the price is relatively stable

[nahotachikwem]

Bitcoin i think would rather be decentralized because its activities particularly those regarding planning and decision-making,
are distributed or delegated away from a central, authoritative location or group.Therefore, one is empowered to make their own decisions, giving them a sense of importance and making them feel
as if they have more input in the direction of the organization. When centralized, organizational structures focus management authority
and decision-making in a single executive team, with information flowing from top managers to various units.

[Ezenwanyi]

Bitcoin is decentralized and this is why every activity carried out on it is deemed to be transparent.
No third party interference also.

[emezh10]

Bitcoin is much more considered as a decentralized type of cryptocurreny that undoubtley have the freedom to its system when it comes to transactions and trading. It is prefer to be an cryptocurrency that has no anyone who can control its system in terms of transaction that is supported by the blockchain. But people should focus on the greater things bitcoin could give to us like opportunities and chance that we could used to build an investment that could be a source of our earning in the future.

[addeqt]

Decentralized. A coin that is centralized is just like the fiat, but runs and managed by a private company. Think about ripple, I have ripple in my possession but, the thing is. That xrp is mined, managed and controlled by a single company which I think negates to one of the core value of bitcoin being decentralized. But until now xrp is still in trading platform. There are news about merger, new investors and utilization. But at the end, that coin is not for the people, it is create by business people for business purposes. I still believe that an open source project and decentralized and managed by all the people coin is much more greater.

[Abiky]

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

Agree. Both decentralized and centralized systems have their advantages and disadvantages one from another. However, I believe that decentralized systems will always prevail over centralized ones, simply because they're secure and resilient against attacks from third parties. Bitcoin being a decentralized cryptocurrency has such benefits, and it explains why it's been a successful medium of exchange after all these years. Turning itself into a centralized system would not be such a good idea, since it can be easily manipulated by third parties.

Unfortunately, that's case with Ripple, since it's a "cryptocurrency" that's maintained and controlled by its internal company. The most share of XRP tokens are owned by the Ripple company itself, putting at risk the long-term viability of such centralized system. Therefore, if Bitcoin maintains a decentralized cryptocurrency, then it will continue to rise both in demand and value over time. However, if all the contrary happens, then Bitcoin will be doomed as well as most cryptocurrencies in existence to date (since they're dependent on Bitcoin's progress as a reserve currency). Just my thoughts

[tazmannia]

   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 believe that the most important feature of bitcoin is that it is decentralized and anonymous. It is a kind of offshore currency that is not owned by anyone and cannot be accountable to the state. Now in the modern world, all people are under the cover of the state. about each person there are complete financial statements. How much money he has and where he got it from.