DECENTRALIZED OR CENTRALIZED?

[Tukang Becak]

I think is pure centralization, what happens with bitcoin I think is purely from the market, and now all the users are enthusiastic about making bitcoin prices skyrocket and I'm sure the end of the year could reach $ 40k.

[Bounty_Manager100]

for me, decentralized must be better. because it will not be controlled by anyone

[Haliburton]

I would not say a centralized system is much better than decentralized system. I believe both of them have its own advantages and disadvantages. The real problem lies not on the currency and the system but rather on the people who are using and operating such systems. Humans are greedy and it is the main source of problem and whatever system we may choose as long as human nature does not change for good then both centralized and decentralized system will encounter problems on the way.

Yes sir! While there's no perfect system in this world, we as humans are responsible for making good use of our money whenever it is. Sometimes, because of greed, we tend to ruin the whole purpose of a system, making it centralized in the long run. Ripple is a good example of this, since it started with good beginnings, but now it is extremely centralized by its own company. It's just like the internet where it started as a decentralized system, but then it turned out to become centralized due to corporate interests from big companies such as Google, Facebook, and Amazon.

While Bitcoin is still decentralized, there could exist a high possibility to become centralized in the future, because of human greed. We've seen many times how the Chinese sector has most control over Bitcoin's mining hashrate, which is only a result of greed as they develop new miners that defeat the purpose of ASIC resistance (like it has been done with ZEC, ETH, and more). As such, if Bitcoin continues to be dominated by China, then it'll present a huge risk towards its longevity, since it can be disrupted at will. Some say that 100% decentralization is practically impossible and a myth, since there is always a certain level of centralization in any system. Bitcoin operates the same way, where mining pools have centralized the mining process, making the cryptocurrency a semi-decentralized one, rather than a fully decentralized one.

All in all, I wish that Bitcoin would remain as decentralized as possible, as I think that it'll lead it towards future success. The reason why it's still demanded and used by anyone around the world, it's because of its decentralization. And if that is taken away from the original cryptocurrency, then the whole ecosystem would be doomed.

[rugrats]

for me, decentralized must be better. because it will not be controlled by anyone

I think most crypto users would be in the favour of decentralisation as this is one of the key factors that makes crypto so important and a must have into our society.

[esetop01tryba]

For detailing the future and great opportunities ! Soon blockchain will take over the world and allow to eradicate corruption and fraud !

[wolffy0216]

for me, decentralized must be better. because it will not be controlled by anyone

I think most crypto users would be in the favour of decentralisation as this is one of the key factors that makes crypto so important and a must have into our society.

Yes, I also prefer decentralized that centralized, also this is what most of investors and traders out there. But it still depends on us what we really prefer to choose to use.

[Ains_sama]

   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 am more confident in the decentralization system. Why.? because I have read some references about the system of centralization and decentralization. and it turns out the main problem is on a third party. they pose many problems especially on control and transaction costs. some people want Bitcoin to have rules. and I believe they don't read the concept of bitcoin. (without the middle man). so Bitcoin will not be able for rule.

[pltgksl]

As the technology develop , The World is shrinking. So from now on centralizedis nor important because it is disapperaing

[yj300316]

   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?

Yes, bitcoin is basically a currency with decentralized system. If you want centralized, you should use bank system.
About removing barricades, i dont think that will works. Centralized just make bitcoin more easy to be monopolized.

[chromosomes]

   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?

Being centralized would make bitcoin and other crypto more exclusive in the world but the regulations will surely change with it afterwards. I think bitcoin will be more better still if it is decentralized so that we can avoid any possible worse crisis to take place if ever it gets under the regulation of the government or other organizations.

[Ezenwanyi]

Bitcoin is a decentralized cryptocurrency as it does not have a central body ...like central bank , regulating its affairs.

[equal2detask123]

To be honest, i think decentralized system is better. Because, it can give us more freedom and easiness regarding to our financial transactions.

[Tylev]

   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 was conceived as a decentralized, uncontrolled crypto currency with open source code for its improvement. If you change its nature to a centralized one, it will be another bitcoin. This we can not be allowed. Even if he loses some of the popularity, vseravno it must be kept in its original form for history.

[AlexAtom]

   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?

Either centralized and decentralized, both of them have advantages and disadvantages as well.
cryptocurrency is a decentralized currency and asset as well, this is better to keep decentralized, because crypto is a consensus network.
i am personally dont want bitcoin to be centralized because it will change the value of bitcoin itself.

[joshuarose]

   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?

do not listen to people who want bitcoin centered,
bitcoin will remain decentralized, because the bitcoin system has been made decentralized and has been created by great people,
("satoshi nakamoto")

[BennyK]

If Bitcoin becomes centralized and wins the bids of the governments, it will cease to offer numerous of its benefits we see now. The government through centralization will wish to get absolute control over the transactions of Bitcoin and impose higher transaction fees (tax inclusive) to every transaction made with Bitcoin. This will eventually lead to a slower transaction speed as the transaction will first have to pass through the various Blocks and also meet the approval of a third party.

[DoublerHunter]

   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?

Either centralized and decentralized, both of them have advantages and disadvantages as well.
cryptocurrency is a decentralized currency and asset as well, this is better to keep decentralized, because crypto is a consensus network.
i am personally dont want bitcoin to be centralized because it will change the value of bitcoin itself.

That is right that they have their advantages and disadvantages but for me, it is more solid or better if we will be in decentralized because it will give people a lot of freedom to adapt because it is the best way to live life with a decentralized system because it is not hard to live in decentralized rather than a centralized mode of system.

[richkid3001]

Those within the industry understand that one of Bitcoin's most important features and perhaps its true core innovation is its decentralized structure.

[letzdodiz]

the most pivotal issue for decentralized innovation is the usage of the law. despite everything we haven't fugure it out how to make an innovative and successful resources/money to be securable with country law. the vast majority hesitant to contribute their cash in light of this issue. no country(or to the extent I know) protecting a crypto resource. be that as it may, the innovation and productivity is so good. what we can do is to hold up until government to make a move to help digital currency

[richkid3001]

Not all decentralized blockchain will be used a cryptocurrency. Decentralization is the future but we need mass adoption of decentralized blockchain cryptocurrency before one of them is accepted as a standard.