tbct_mt2
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August 11, 2023, 08:33:59 AM |
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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?
I mean if very centralized altcoins like Ethereum, BNB can have high prices, Bitcoin will have such high prices even if it changes from decentralized to centralized because it has many better contributors to its value. 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.
Did you read my post? I emphasized that many factors decide value of Bitcoin, not only centralization or decentralization, even I did not describe those factors. I wrote that if Bitcoin becomes centralized, it will have higher value than Ethereum, BNB as it has more better factors, and at least it will be about $2,000 that is a high value for Bitcoin before 2017 bull run. Not an offensive motive but really I wasn't expecting such type of explanation from a senior.
I did my job well but you did not read, only want to make post for your quota.
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Plaguedeath
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August 11, 2023, 08:59:12 AM |
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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.
Nope, it's completely opposite against your thought. Fiat is centralized, but the government isn't kill fiat, but they're use the centralization to monopoly everything. So if Bitcoin is centralized, the government can adopt or make a partnership with Bitcoin and then control Bitcoin behind it. The reason why government want to kill Bitcoin is decentralization and they can't fully control Bitcoin.
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Texac
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August 11, 2023, 09:17:23 AM |
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If Bitcoin is centralized, will it still have value ? A simple example that shows you the value of a centralized asset is to look at shitcoins. have you seen any shitcoins that hold value and grow year after year like bitcoin? Or are they created and manipulated only by the powerful and wealthy? a centralized asset can also be valuable but the benefits will go only to those who manipulate and control, not us. and that's what's going on in the altcoin market, most of the profits go to the scammers, the market makers, not the investors. But for a decentralized asset like bitcoin, the opportunity to get rich will be divided equally among all those who know how to seize the opportunity.
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gunhell16
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August 11, 2023, 10:05:07 AM |
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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.
When Bitcoin was created by Satoshi Nakamoto it was immediately connected to the decentralized and my own blockchain in my understanding, which means that Bitcoin was created without any government of the country being able to control it. And for sure there are no miners who will waste time if it is not designed as it is now. I don't know what came to your mind when you asked this question, what is centralization for you? because if you understood what this means you would surely not ask this post you made about Bitcoin.
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rat03gopoh
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August 11, 2023, 10:19:14 AM |
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Instead of controlling, if bitcoin were to technically become centralized at any point, then it would be stopped in the first 10 seconds of its run by opponents. During the journey, the flow of bitcoins continues to be concentrated to a few centralized services that have the potential to control circulation. Assuming it's in confiscation, that only adds to the scarcity of bitcoins in "active" circulation. It doesn't change the essence of bitcoin's decentralized nature and it will still have value.
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Z-tight
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 11, 2023, 10:41:24 AM |
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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.
Decentralization means that BTC is censorship resistant, permissionless and free for anyone, it is not what gives BTC all of its value. Fixed supply and demand is what gives BTC most its value, so as long as people still use BTC, it will have value. There are a lot of centralized currencies and institutions that are very valuable, that is because people make use of their product. So even if BTC was created exactly as it is today, but with a central control, it would still have its value, just that the user base of people who want a censorship resistant currency won't use it.
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yudi09
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August 11, 2023, 11:04:42 AM |
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-snip-
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.
The total amount of bitcoin supply is 21 million. The data seen on the market today shows that the number in circulation has reached more than 19 million. The closer to supply, the closer to scarcity bitcoin will be. When scarcity occurs, the value increases. EFS has said that decentralization isn't the only thing that gives value to bitcoin and I confirmed it. I think that you can understand very well because the difference between bitcoin and other cryptos is very easy to find if someone wants to look for it. Bitcoin brings freedom. With the decentralized nature of bitcoin, people find freedom. Hopefully I'm not wrong in responding to your point.
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KiaKia
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August 11, 2023, 11:05:48 AM |
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It's either the government take it down with ease or they take over Bitcoin and use it to their own advantages, there will be more than manipulation from Bitcoin whales, the government will make sure they benefit the most out of Bitcoin.
I believe crypto is still a thing today because of Bitcoin, it's like the snake head, if you cut it off the whole body will die, Bitcoin is why crypto is still so much alive, and all the credit goes to Nakamoto for making Bitcoin a decentralized digital currency.
Bitcoin remains the undefeated champion for the government to kill, been decentralized wins.
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Blitzboy
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August 11, 2023, 11:09:20 AM |
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Even if Bitcoin was slightly centralized, might it not still hold some intrinsic value? After all, many things we use daily, like shitty banking, are centralized yet still maintain value in our society.
You mention investors potentially losing confidence if Bitcoin were centralized, but arent investor behaviors unpredictable anyway? Just as one may argue that decentralization creates scarcity and security, another could posit that slight centralization might bring about stability and predictability. And while government regulations and restrictions might be seen negatively by many, they could also be a sign that digital currencies are gaining mainstream acceptance.
Your conclusion about the value derived from its decentralized nature, although resonating with the masses, seems slightly generalized. Centralization isn't the only factor affecting value. But again, whats value without some unpredictability?
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Y3shot
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August 11, 2023, 11:17:07 AM |
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If bitcoin is centralised I doubt if it will be existing because being centralised it is just the easiest way for government to have power over it. Bitcoin becoming centralised won't have value because it will be controlled by human or a particular company. Satoshi knows if bitcoin is to be centralised currency it will failed currency which is not going to last and will be crashed in the market just like other centralised currency.
If you want to know if bitcoin will still have value if become a centralised, just take a look of other centralised crypto how they struggled with the market and could not survive the market.
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legendbtc
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August 11, 2023, 11:20:24 AM |
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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.
Decentralization means that BTC is censorship resistant, permissionless and free for anyone, it is not what gives BTC all of its value. Fixed supply and demand is what gives BTC most its value, so as long as people still use BTC, it will have value. There are a lot of centralized currencies and institutions that are very valuable, that is because people make use of their product. So even if BTC was created exactly as it is today, but with a central control, it would still have its value, just that the user base of people who want a censorship resistant currency won't use it. You are not wrong in saying that supply and demand are the determinants of bitcoin value. But the demand for bitcoin is high and still growing very high because people like and need its decentralization. Imagine if bitcoin didn't decentralize and become centralized, would you need it? If we don't need it, the demand for it won't be high and its value won't be high. I have always believed that it is bitcoin's decentralization that sets it apart from every other asset and has caused demand for it to increase, which will increase its value.
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LDL
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August 11, 2023, 01:33:42 PM |
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Bitcoin not only imports its value due to its decentralized nature but also involves a number of important regulators. Especially since the limited supply and no effect of inflation have any effect on its value. If Bitcoin was centralized, then all its control system would be on a particular third party, so its demand and value in the market would decrease over time and eventually the value of Bitcoin would become zero and at some point it would disappear from the market.
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Z-tight
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August 11, 2023, 01:34:12 PM |
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I have always believed that it is bitcoin's decentralization that sets it apart from every other asset and has caused demand for it to increase, which will increase its value.
This can be argued, take note that there are so many people who don't care if BTC is censorship resistant, permissionless or decentralized, these people just want to buy BTC through a centralized exchange and even hold it there to make revenue, and from my observation, these people are greater in number than those who use BTC in the way in which it was created for. BTC was created to be a p2p network without a third party, but how many people trade BTC without a middleman involved in the trade, if BTC was centralized, and still maintains its fixed supply and volatility, it will have value because people will see they can make revenue from it, so there will be demand, but the user base of people who want a censorship resistant currency may not use it.
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Dr.Bitcoin_Strange
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August 11, 2023, 05:17:57 PM |
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Bitcoin decentralization have contributed to it scarcity
This information is wrong.
Well, if Bitcoin was centralised in the sense that it was being operated like a banking institution or run like other firms, then the value would have been affected because of how the management would have been run. Another factor that contributes to the value of Bitcoin is its supply. Already, majority of people buy Bitcoin every day, and even if all the Total supply of Bitcoin were in circulation and perhaps all the Bitcoin were being distributed among all the Bitcoiners that we have, each person would not even have up to one Bitcoin. So, the supply and demand of Bitcoin is also one thing that keeps its value high.
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Yatsan
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August 11, 2023, 05:39:59 PM |
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I'd say no. One of its edge is decentralization. It could still be a profitable investment but for sure it would more likely have a lower market value than its ATH. One reason is the benefit of decentralization. Just compare its market price to centralized cryptocurrencies and compare the difference on its volatility and its market price. Other than decentralization, one of the things which developed an interest towards this blockchain is because of its origin which is why I do think Bitcoin will still have a higher market price than with stable coins but won't be enough to be as big as it is currently.
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Ale88
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August 11, 2023, 06:10:35 PM |
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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.
Bitcoin became what it is today especially thanks to its total decentralization. Why no other coin will ever be like bitcoin? Because we know who created it, we know that the creator owns a lot of its own coin, and sometimes they even have the power to change whatever they want. At that point we simply have a fiat currency under the form of a digital currency, nothing more than that, and that is something completely unnecessary and useless.
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Stedsm
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August 11, 2023, 07:31:12 PM |
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Who says BTC isn't centralized yet? It's now a mixed version of BTC we are seeing here, that if some custodial exchanges holding a very huge % of the total mined coins doesn't mean centralization, then I don't know what should I call it. However, I believe that BTC has come way above these things and people here are just to make money from it and they've nothing to do with BTC's nature whether it's centralized or decentralized. So its value is not at all being affected by it IMHO.
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lionheart78
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August 11, 2023, 07:45:44 PM |
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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. I believe if Bitcoin goes on the path of centralization, there will be different reactions from its community. Many will possibly refute the changes and withdraw their support to the Bitcoin economy and look for another decentralized cryptocurrency, and others will embrace it like how they embraced ETH when it transitioned to POS. Bitcoin will certainly retain to have value but we don't know the extent of damage the transition will make or the positive development it will accumulate upon transitioning. One thing I am sure is that Bitcoin will continue to get traded and probably traders even take advantage of the changes to profit more. 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.
It is not only the decentralization where Bitcoin derived its value. I believe it is too naive to think that it is the only factor that gives Bitcoin value. Aside from decentralization, there are other features that give Bitcoin its value.
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Wimex
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August 11, 2023, 10:43:13 PM |
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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 enforceIf 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. In reality I think that if, the fact of becoming centralized could affect the value of bitcoin, something that is quite difficult, the truth is the way it was created is such that in all this time that they have tried they have not managed to do anything , just adapt to what it is, and look for ways to cope with this currency that has totally revolutionized the financial market and has helped many people who decided to trust bitcoin to recover and remain stable from the inflation that certain countries maintain. Now if in a hypothetical case this happens and they find a way to centralize it, it would cause a kind of notorious decline, since most seek this for the simple reason that no one besides the one who owns the bitcoin can control it, if this changes it will no longer they will see bitcoin in the same way, since the people who probably caught their attention would lose interest, considerably lowering the demand and therefore the value of the BTC.
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usekevin
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August 11, 2023, 10:50:58 PM |
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The bitcoin survived over a decade for the decentralized character,because the price of bitcoin will not be controlled by any individual.So trader can get maximum multiple of the profit from the bitcoin.The price of bitcoin will depend on the demand in the market it will be the reason of the decentralized.So when the bitcoin became the centralized,their is possibility of reduction in the bitcoin in the market.But their is no chance for the bitcoin to became the centralized coin in the cryptocurrency market.
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