Will Bitcoin be centralized?

[Kelvin21]

I don't think that will happen. bitcoin will always be decentralized and I think decentralization is the advantage of bitcoin where decentralized security systems with better centralization. I myself like bitcoin with this decentralized system.

[damsix]

We are not aware of Exchange that centralizes all Bitcoin in one Exchange wallet.
If we deposit and withdrawl then we must go through the hot wallet first to arrive at the intended wallet.

[sawadikap758]

I think that bitcoin will not happen will always be decentralized in my opinion because the attractiveness of investors in bitcoin is because there is no centralized one that regulates bitcoin centrally but we control the bitcoin itself.

[spark]

I don't think so because how the government can control bitcoin? Although they have an unlimited resource to control anything they want but still, they cannot control bitcoin and bitcoin will not become centralized. Bitcoin is stand-alone currency, and it's not controlled by anyone. Maybe the government can control the exchanges but not for the bitcoin price.

[yousufatik20]

Never! Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it. There is a theoretical possibility of 51% attack but again, it will need high amount of resources and money to attempt such attack and Bitcoin will fall to 0 soon after such attack so it would be like a suicide for anyone along with the network so practically it is not possible.

[bdsharminsoltana]

Bitcoin is highly anonnymous non-government currency itself, no body can control it under his dominance even not governments. The central authoritatives can only imply laws on it like some contries have already implemente tax and other verification requirements before you exchange bitcoin.

[mamun777]

Im my opinion is no can be centralized, bitcoin created decentralized and regulation of the government can't make it centralized in some country.
So I like bitcoin decentralized right now. Some government want bitcoin centralized, the government want control bitcoin, track transactions, sender, receiver and easy to manage. But I sure it will be happen.

[kamal420]

It will never happen if bitcoin framework winds up brought together, I think bitcoin is made for a protection from decentralized framework, for example, banks et cetera. Managed or not, disallowed or not by government bitcoin clients will in any case exist, since it will be troublesome for government to boycott bitcoin until the clients of bitcoin no longer in the nation. It's an arrangement of innovation or much additionally utilizing web sistem that everybody can outflank to utilize it.

[nufika89]

I do not know that. But the possibility of Bitcoin is not that easy to change and suddenly becomes centralized or centralized. Because so far no one has been able to hold Bitcoin and no one has the responsibility to hold it. On the other hand, if Bitcoin moves to center. Maybe many users will leave it behind.