Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Quantum X on August 06, 2018, 07:27:56 AM
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I like the idea of being decentralized which is actually the one of the real reason why bitcoin managed to be the best crypto currency. But the question that arise while bitcoin is contineuosly gaining popularity is "Does bitcoin can stay decentralized or it will switch into centralized after the long run?"
I can not actually deny the possibility that someday bitcoin will no longer decentralized because government will surely find a way on how bitcoin will be under their control.
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no it won't.
centralized means authority from its system,development and everything else,while goverment itself can be considered as another trader or player.
if we are talking about control in term of price,it's more like a manipulation instead of centralized.
except,satoshi makes a sudden change in their system.
but so far i do not see it and do not hear anything from him until this moment.
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no it won't.
centralized means authority from its system,development and everything else,while goverment itself can be considered as another trader or player.
if we are talking about control in term of price,it's more like a manipulation instead of centralized.
except,satoshi makes a sudden change in their system.
but so far i do not see it and do not hear anything from him until this moment.
The only reason for crypto currency why it becoming more popular specially with bitcoin is because the government allowing it to operate in its respective country. Maybe bitcoin and all crypto can not be controlled by the government but as long as they can control the people or the society they can control the system (cryptocurrency.)
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There is a possibility that bitcoin system of decentralized will change into centralized once the word change stricken the revolution of crypto decentralization into centralized.
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It is easier for the government to ban bitcoin than to make it centralized. Decentralization is the main idea of all cryptocurrencies. And I don't know how you can make them centralized.
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As we look at the other side of centralization if we apply into crypto currency it will be controlled by only one organization and it's difficult to deal with the other player because you need a middle men to transact you business. And expect the taxation on every coins we earn. Crypto currencies decentralized? Stayed decentralized, because your the only one control your own earnings.