If Bitcoin is centralized, will it still have value ?

[Smartgoat]

Bitcoin value is tied to it's decentralized nature and the principle it was founded. if Bitcoin were to become centralized, it would likely have a significant impact on its value. the decentralized nature of Bitcoin is a key factor in it's value. Bitcoin decentralization have contributed to it scarcity and security. all of this which are factors that influence it's value.

if Bitcoin were to become centralized, it could raise concerns about the control, and the investors might loss confidence in it's ability to remain a reliable store of value and a medium of exchange. centralization could also make it suspicious to government regulation and restrictions, which could further impact on it's value.

in conclusion, Bitcoin value is derived from its decentralized nature, which is closely with it's ideal, and any move towards centralization could fundamentally alter it's core and diminish it's value proposition.

[OgNasty]

What is your definition of becoming centralized? Are you talking about all the coins being in the hands of large investment firms, or the mining network being controlled by a single company or country? Maybe you’re talking about the development team being in the pocket of a single company? In all of these scenarios, Bitcoin is setup to resist, but I’m sure I’d that failed then it’s value would suffer.

[_act_]

If bitcoin is centralized, Satoshi would not have thought up to the way of using cryptography, he would have just created bitcoin in a way that the government would have taken it down.

Know that other cryptocurrencies mimic bitcoin but they are getting to be centralized, bitcoin created the way which they still use to function. If not for bitcoin, there will also not be altcoins.

[tbct_mt2]

Bitcoin decentralization have contributed to it scarcity and security. all of this which are factors that influence it's value.

How does decentralization decide Bitcoin scarcity?

It relates to security but not scarcity that is decided by the initial design of controlled supply by Satoshi Nakamoto.

in conclusion, Bitcoin value is derived from its decentralized nature, which is closely with it's ideal, and any move towards centralization could fundamentally alter it's core and diminish it's value proposition.

If Bitcoin becomes centralized, it won't lose all its value. Have less value or zero value will depend on many factors and not easy to say now. Altcoins like Ethereum, BNB still have their values which are lower than Bitcoin value so I believe Bitcoin value won't drop to $100 or $10 or $1 just because it becomes more centralized.

How is the 21 million Bitcoin cap defined and enforce

[Hamza2424]

Weird I wasn't assuming such sort of topics still can be created and such queries exist in this timeline as well. So buddy point of notice here is OgNasty from which depart or I would say school thought you are asking this question is it for the supply, hash rate, mining pools, Nodes Distribution, Market Platforms (Exchanges & Firms, etc), or the development. In a few words, Bitcoin is far more decentralized when it will be compared. That's why it's called BTC BTC. Haha seems like I said something in flow it's BTC because it's BTC.

Anway for your question there are some factors that give a point to people thinking for Bitcoin to be centralized which in a theoretical manner can be proved but with the actual resources it's near impossible.

If Bitcoin becomes centralized, it won't lose all its value. Have less value or zero value will depend on many factors and not easy to say now. Altcoins like Ethereum, BNB still have their values which are lower than Bitcoin value so I believe Bitcoin value won't drop to $100 or $10 or $1 just because it becomes more centralized.

What?? Is this a point to prove that Bitcoin won't lose it value, What the Altcoins had to do with the Bitcoin valuation or in reverse methodology as well, Do you mean Bitcoin won't lose its value to 100$ because there are other currencies having lower value compared to Bitcoin? Brother, you could have said that BTC won't lose because there is a large community standing behind it, Because it's not easy to manipulate the resources, Becasue Bitcoin always stands on the top because of its market capital, or anything making more sense.

Not an offensive motive but really I wasn't expecting such type of explanation from a senior. 

[EFS]

Decentralization isn't the only thing that brings value to Bitcoin. Even if Bitcoin was more centralized, it would hold on in this market. Probably the target audience and user base would be different.
Certainly Bitcoin would have monetary value but not much of the philosophy behind it.

[Onyeeze]

Decentralization isn't the only thing that brings value to Bitcoin. Even if Bitcoin was more centralized, it would hold on in this market. Probably the target audience and user base would be different.
Certainly Bitcoin would have monetary value but not much of the philosophy behind it.

The concept of some people always go that bitcoin being centralised it will devalue bitcoin, but from the creation of bitcoin satoshi have already know that if bitcoin being centralised they will be enough challenges and competitions in bitcoin and that is why satoshi made bitcoin to decentralized with the Co team, even though it was centralized bitcoin would have still have value, even now that bitcoin is still decentralized do you know that people still be scared of bitcoin and they also devalue bitcoin, so nothing can be created and it fails to have people that will become antagonist to it, op should know that

[jossiel]

I'll just take this simply.

With all of those tokens, altcoins and projects that are centralized, they do even have a value and market capitalization. So, if Bitcoin was centralized and made like that in the first place, it could still have value but we will never know on how long it will survive.

Just as those centralized projects that we're seeing come by to the market and then eventually will be gone. Some may probably have survived but it all ends up to unknown situations on what actually will happen into these questions of scenarios.

[Quidat]

Bitcoin value is tied to it's decentralized nature and the principle it was founded. if Bitcoin were to become centralized, it would likely have a significant impact on its value. the decentralized nature of Bitcoin is a key factor in it's value. Bitcoin decentralization have contributed to it scarcity and security. all of this which are factors that influence it's value.

if Bitcoin were to become centralized, it could raise concerns about the control, and the investors might loss confidence in it's ability to remain a reliable store of value and a medium of exchange. centralization could also make it suspicious to government regulation and restrictions, which could further impact on it's value.

in conclusion, Bitcoin value is derived from its decentralized nature, which is closely with it's ideal, and any move towards centralization could fundamentally alter it's core and diminish it's value proposition.

If it turns out to be centralized then no doubt that people or the community would jump off ship.. We arent that blind on why Bitcoin do rank #1 in the marketplace? Because its something that cant be
cracked down in terms of its codes or whatever technical side aspects and there's no way that it could be stopped even with the government on which it do really give out that kind of trust.
Its true that even on some altcoins in the market do still really be able to get that value or price despite on being centralized which means that there would really be still investors who would really be mainly supporting it.We cant really just that tell if Bitcoin would really be coming into a point that becoming centralized then we cant really be sure whether it would be still mainly supported or would really be trying out to transfer on totally anonymous and decentralized coins like Zcash or Xmr.

[DapanasFruit]

Being decentralized is something that define a lot for Bitcoin and in case this can be not true anymore then of course its value will plummet. Being decentralized means that nobody can be able to control Bitcoin no matter if big financial institutions or money individuals can be also investing into Bitcoin. Being decentralized, no government entity can be able to maneuvered Bitcoin according to its interest...and that is why many people think that Bitcoin is eventually unstoppable. And this decentralized standard is the gauge when we talk of other crypto-based platforms.

[Darker45]

If Bitcoin were centralized, it wouldn't have reached where it is right now. It wouldn't have become this successful. However, observing the current trend in the entire cryptocurrency market, the twist would probably be that even if Bitcoin was centralized but it was an altcoin which came out after a truly decentralized cryptocurrency became popular and widely adopted, it would still have reached a certain level of success. We only have to look at the current top cryptocurrencies to realize this. Many of them are centralized.

[Latviand]

What is your definition of becoming centralized? Are you talking about all the coins being in the hands of large investment firms, or the mining network being controlled by a single company or country? Maybe you’re talking about the development team being in the pocket of a single company? In all of these scenarios, Bitcoin is setup to resist, but I’m sure I’d that failed then it’s value would suffer.

Was looking for this because this was my first thought regarding OP's definition of bitcoin being centralized. I think the reason that this will fail though is that a lot of us would caught wind of this probably and persuade each individual to try and fight that centralization attempt by this malicious entities and I think that there's still more individual hodling bitcoins compared to companies.

Of course there are concerns that arise that may cause us to think that bitcoin becomes centralized like a monopoly in mining but as a community fighting actively against it and the nature of bitcoin being decentralized, it's close to impossible for that concern to ever happen.

[21mBrian]

Can a centralised Bitcoin survive? The government or tradfi guys might destroy it before it has value.

[fuguebtc]

The point is that bitcoin cannot become centralized, so let's not try to make predictions that are unrealistic and will never happen. Bitcoin was designed as a decentralized currency to overcome the disadvantages caused by a centralized monetary system. So let's use those advantages to our advantage rather than hypothesize when it will never happen.

Do you see any assets or currencies that are centralized and controlled by governments or companies or individuals with good results? And if bitcoin becomes centralized, it will end up similar to fiat, you can look at fiat to find the answer yourself.

[adaseb]

Bitcoin is more decentralized now than it was a couple of years back. Remember prior to the China ban? Most of the hash rate was from those Chinese farms. Now it’s more scattered all over the planet which is what we need.

Also Bitcoin is not like Tether or USDC which a centralized user can freeze funds. The BTC can never be frozen onchain, same with the native ETH.

[mindrust]

Centralized bitcoin no better than any FIAT because essentially they are the same thing. Bitcoin has two most important features.

1- Decentralized
2- (Semi) Private

Without these 2 features, we can't call it bitcoin.

You can send and receive USDT, USD, EUR and smiliar centralized shitcoins too. Just because you can do these, don't mean that they are better than bitcoin. They are not, because they not decentralized like bitcoin.

Only gold can compete with bitcoin in this department (decentralization) but then you can't send/receive gold like you do it with btc so gold fails at mobility which kills the purpose of being a currency.

[Helena Yu]

Value and price are different.

If Bitcoin is centralized, obviously Bitcoin has no value anymore because it will kill the other usability. Bitcoin will not be pseudonymous, no privacy, can be controlled by the team, etc. Fixed supply is pointless, there are many centralized coin with fixed supply.

But Bitcoin price will not become 0 because many stupid people are still want to make money, just take a look with 99% centralized coins in CMC.

[aylabadia05]

Know that other cryptocurrencies mimic bitcoin but they are getting to be centralized, bitcoin created the way which they still use to function.

The process of imitation carried out by other cryptocurrencies on Bitcoin is due to Bitcoin's commitment to maintaining decentralization of all forms of bids submitted. Unable to shake fundamental principles, they went their own way by copying Bitcoin to create other coins. From here we can judge for ourselves that it is Bitcoin's commitment to a large community that makes its value strong as a cryptocurrency.

If not for bitcoin, there will also not be altcoins.

And this is the answer, without Bitcoin there will never be altcoins.
Bitcoin is a currency that cannot be regulated like other currencies and does not need a third party in the transaction process.

[Strongkored]

Being centralized because it is controlled by one large institution? how many sources does the institution have to prepare in order to be able to take over all Bitcoins including mining, because these institutions must be able to pump Bitcoin prices continuously up so as to convince the holders to sell them on the exchange but even that is not necessarily successful because Bitcoin holders have strong enough faith how this coin will remain decentralized even if someone is able to have more than 50% of the amount

[Sim_card]

If bitcoin was centralized, it would have been an opportunity for the government to bring its value down or kill bitcoin. If you look at after the creation of bitcoin till date,it has being facing so many challenges from the government either to ban it or to regulate it. All these wouldn't have taken them up to three months to achieve their aim. Meaning the government will still have controversy over the citizens funds in bitcoin and there will still be no financial freedom. I don't even think that they government will allow the price of bitcoin to soar as high as 69k last ATH. It will not be different from other shitcoins.