If bitcoin is not decentralized currency what would have happen to bitcoin

[Tmoonz]

If BTC where not decentralized currency it would have loss it's glory and uniqueness that we are enjoying today, it  would have been so common and probably becomes unlimited in supply, therefore it is considered to be a more complex digital currency that has come to stay even in tast of time. If not for it decentralized nature a centralized entity would been in control and supervision.

[Manny@11111]

If Bitcoin isn't decentralized I know for sure it would be controlled by the world powerful economy by now and that is why Bitcoin is distinct and stronger day by day. This is equally the reason why governments are not adopting it's use as they have no say in it's usability & regulations

[Doan9269]

Everyone would have abused bitcoin the way they want and those in authorities would also have taken over the control over the use of bitcoin, maybe who knows, bitcoin would have not been widely accepted the way it was today because one of the reason for it massive adoption is the financial freedom it renders away from the government and financial institutions, people adoption bitcoin because of the understanding of what they believed bitcoin to have been.

[Promocodeudo]

The government perceive bitcoin as a threat, they've tried their possible best to centralize it but all their plans proved abortive, how you centralize a system that was built strongly from the knowledge of a man who's plan was to create a money that will serve as both fiat and digital currency, the government started attacking the means in which bitcoin function because of how the system is to penetrate, decentralization of bitcoin has been a major concern for the government, the government frown at any process that they can not control and oversee what happens in it, but the blockchain technology has made possible for everyone including the government that's if they are interested to be protected with equal right, sometimes when I thought of bitcoin I begin to reason what might prompted or inspired the inventor to think this way, just imagine how difficult it is for the government to penetrate, with the look of things the bullying is direct, the value of bitcoin is so much compared to any currency in the world even when the world at large has not adopted it or accept it as a legal tender, so on the government side, they feel that if this digital asset continues to boom, may be the only function of fiat will be for people that needs it in a particular country to pay people that don't accept bitcoin, apart from Bitcoin not being handy, I think bitcoin does many work than fiat, fiat can not be faced out no doubt but bitcoin will continue to gather more audience because of it's unique nature and multiple purposes at it's disposal.

[Antotena]

The problem government gives bitcoin every day by day is it same thing government give all this fiat exchangers, that means if bitcoin have not fall to the category of decentralization that means by now bitcoin won't have exist again, the decentralized bitcoin is today is what that keeps bitcoin and its what makes bitcoin to exist more and more from my understanding...do you know that the reason why some of the mixes is being ban in the forum is not that they committed much crime but government is against them because they are against bitcoin, so if bitcoin wasn't in decentralized form they would have rubbished bitcoin by now.

I'm not sure if you have heard that Satoshi has ghosted the internet since 2010 and since then left bitcoin and it's code to the people he trust to continue to build, develop bitcoin and make it decentralized as much as possible. If indeed Satoshi identify is know today, the government would have arrested him behind bars just like they did with CZ Binance ex CEO but because nobody knows him and bitcoin is decentralized, that's why the can't do much about bitcoin. They have called it dead many times in the past and today including some of these institutional investors that have large stake in banks but today, they are fighting for ETF to be approved so they can use the opportunity to get more money with bitcoin opportunity, that's what they know best.

If not for Bitcoin, average person like you and I might be fighting to register on stock trading exchange to get one or more stock to invest our money but with bitcoin available everywhere, your wallet and small cash is enough to get you started and the sweetest thing about it is that if don't tell anyone that you have a bitcoin, even your family will never know, this are the things government don't want people to have power everyday but decentralization win.

[Makus]

I'm not sure if you have heard that Satoshi has ghosted the internet since 2010 and since then left bitcoin and it's code to the people he trust to continue to build, develop bitcoin and make it decentralized as much as possible. If indeed Satoshi identify is know today, the government would have arrested him behind bars just like they did with CZ Binance ex CEO but because nobody knows him and bitcoin is decentralized, that's why the can't do much about bitcoin. They have called it dead many times in the past and today including some of these institutional investors that have large stake in banks but today, they are fighting for ETF to be approved so they can use the opportunity to get more money with bitcoin opportunity, that's what they know best.

If not for Bitcoin, average person like you and I might be fighting to register on stock trading exchange to get one or more stock to invest our money but with bitcoin available everywhere, your wallet and small cash is enough to get you started and the sweetest thing about it is that if don't tell anyone that you have a bitcoin, even your family will never know, this are the things government don't want people to have power everyday but decentralization win.

No be small oo, the decision wey Satoshi take naim be the best, after e don make the bitcoin network decentralized, em sef just run go dey ghosted for over a decade now. If to say e no do like that, maybe Dem for don force to end the whole thing, or Dem for use tax take finish em head. With Bitcoin person fit leave the kind of anonymous life wey you like and nothing go happen. But common small 4 meters wey go enter your bank, EFCC don start to dey observe you doing, dey watch you movements as if that one no reach, you bank sef fit block you accept if you dey use small limit before.

[Jegileman]

The problem government gives bitcoin every day by day is it same thing government give all this fiat exchangers, that means if bitcoin have not fall to the category of decentralization that means by now bitcoin won't have exist again, the decentralized bitcoin is today is what that keeps bitcoin and its what makes bitcoin to exist more and more from my understanding...do you know that the reason why some of the mixes is being ban in the forum is not that they committed much crime but government is against them because they are against bitcoin, so if bitcoin wasn't in decentralized form they would have rubbished bitcoin by now.

The decentralization nature of bitcoin is what makes it stand till today. A lot of cryptocurrencies have come after bitcoin and most of them could not survive the market because of how it is being designed and mostly centralized. A single entity or body can have total control over it thereby making it easy for the consensus on which it had been designed be tempered with. If bitcoin was decentralised, maybe me and you will know the next price bitcoin will be in some time and this would have rubbished its use.

[Manlikefrank1]

The problem government gives bitcoin every day by day is it same thing government give all this fiat exchangers, that means if bitcoin have not fall to the category of decentralization that means by now bitcoin won't have exist again, the decentralized bitcoin is today is what that keeps bitcoin and its what makes bitcoin to exist more and more from my understanding...do you know that the reason why some of the mixes is being ban in the forum is not that they committed much crime but government is against them because they are against bitcoin, so if bitcoin wasn't in decentralized form they would have rubbished bitcoin by now.

If to say bitcoin was not decentralized,it will be centralized have governmental control, loss of trust , loss of innovation, loss of privacy, market instability and vulnerabilities to manipulation

[Fiasem20]

If to say bitcoin no dey decentralized the government all over world for don meet to end the transaction but thank God say Satoshi Nakamoto the inventor of Bitcoin invent the currency in a decentralized way.Di decentralized nature of bitcoin na for our own benefit because di main purpose of bitcoin na to remove single point of failure from centralized authority,e get sometimes wey you wan make transactions and the bank wey you bank with fit dey offline e mean say ur payment no go complete and central authority fit block you from making transactions but Bitcoin wey dey decentralized na open source wey get multiple independent processing system wey dem dey call am nodes with this decentralized nature you fit make transactions anytime without any form of restrictions.

[Zackz5000]

If to say Bitcoin no be decentralized currency many things would have happened to Bitcoin, Government for use am do as them like  them for use am play watin no good. Na the decentralized nature of Bitcoin na e make Bitcoin get value way them fit dey compare Bitcoin to valuable asset like gold for it is the decentralized nature of Bitcoin that made it stand tor till date among other coin.
If to say Bitcoin dey centralized e for no get value and potentials way e get today because Government for just dey control am any how them like.

[AVE5]

The problem government gives bitcoin every day by day is it same thing government give all this fiat exchangers, that means if bitcoin have not fall to the category of decentralization that means by now bitcoin won't have exist again, the decentralized bitcoin is today is what that keeps bitcoin and its what makes bitcoin to exist more and more from my understanding...do you know that the reason why some of the mixes is being ban in the forum is not that they committed much crime but government is against them because they are against bitcoin, so if bitcoin wasn't in decentralized form they would have rubbished bitcoin by now.

Let's keep sentiment aside, the government fears most about bitcoin in the sense that it could be an institute where fraudsters feels safe to run their illegal monetary activities of which they're not authorized in the decentralized system.
Although the potentials values of bitcoin over the fiats could be an added reason why the government is against the bitcoin couple with how such a decentralized blockchain has attained such global dominance.

I can only say that the most fear of the government is when the people have found a solution to scale through the bad times of the economy situations where citizens were not comfortable with but benefiting only the governments.
Obviously the government doesn't want a free and fair economy stability of which bitcoin is Contrarily to that government economy project.

[Fiasem20]

The decentralized nature of Bitcoin means it's indestructible (it cannot be destroyed). Bitcoin is unique in it's form(Decentralization).Satoshi Nakamoto,I classify him as a best monetary inventor that knew that the government would go against his invention so he had to adopt the monetary policy of Decentralization.The power of Bitcoin being decentralized has some unique attributes (Limited supply, anonymity, accessibility, transparency).If Bitcoin is not a decentralized currency it would have been manipulated/controlled by centralized entities and it would also look like fiat.All thanks to Satoshi that knows the essence of decentralization as a monetary policy.

[Felicity_Tide]

The problem government gives bitcoin every day by day is it same thing government give all this fiat exchangers, that means if bitcoin have not fall to the category of decentralization that means by now bitcoin won't have exist again, the decentralized bitcoin is today is what that keeps bitcoin and its what makes bitcoin to exist more and more from my understanding...do you know that the reason why some of the mixes is being ban in the forum is not that they committed much crime but government is against them because they are against bitcoin, so if bitcoin wasn't in decentralized form they would have rubbished bitcoin by now.

We must understand that the government are not against Bitcoin just because they can't control it, but also because it's a financial Truth that would liberate so many from poverty. Ideally, the government can easily manipulate those that are struggling to survive due to lack of money. Satoshi never made a mistake by making Bitcoin a decentralized network. He understood how traditional fiats could be easily manipulated thereby triggering inflation that would affect the masses, but Bitcoin was the opposite.

There is no doubt that Bitcoin is used for fraudulent purposes, and mixing services are practically a medium for carrying out those actions, which has really affected the mixing service. The government wants to monitor each and every transaction, so as to gather every financial data Incase any issue arise concerning anyone. But I think decentralization is basically what has been keeping the Bitcoin alive, as there is no one incharge.

[Jon pyagbara]

I greet the house, let me throw a little light on this  based on my own understanding of it,
Alot would have happened to Bitcoin if not for its quality of decentralisation, if it was centralised to a single group or organisation transactions would have been manipulated, like other fiat Bitcoin would have had government control and vulnerable to bans,  it would have been more vulnerable for hackers , and it's volatility wouldn't have been as we see it now, because it would have been under the total control of a government. Also as we are in Nigeria we wouldn't have been able to mine or stack it if it was a centralised coin,
Still open to corrections