Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ambar33n on July 09, 2018, 02:37:34 PM
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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 favorable.
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?
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That was true, for being decentralized of bitcoin a huge of people is definitely reach their goals and perspective in life in a short period of time even the people who is in the young age for now they already become successful in their life because the benefits and opportunities that bitcoin decentralizing system that it has.Thus, being decentralized of bitcoin is the factor why most people loves to deal with this because it is less consuming time of having their financials freedom.
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Bitcoin is decentralized and that is what have attracted people to join Bitcoin. Changing it to centralized system will drive people away from Bitcoin.
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Decentralizing system makes Bitcoin and other altcoins more attractive for people and they don't want to pay more taxes, they run away from fiat currencies and turn to Cryptos. No one in this market can control and tax them at least now.
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Bitcoin was created as a decentralized cryptocurrency and that's what it should be. But with the scams, the authorities have an excuse to regulate cryptocurrencies. They also manipulate the feelings of the mainstream with the idea that with regulations the customers would be protected. With the hack of some exchanges, authorities are demanding KYC and AML procedures. But the main objective is to tax cryptocurrencies and that makes them centralized cryptocurrencies instead of decentralized.