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Author Topic: Will be Bitcoin centralized?  (Read 925 times)

ltt88

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Re: Will be Bitcoin centralized?
« Reply #15 on: November 16, 2018, 09:06:26 AM »
The most necessary drawback in Bitcoin is lack of client protection . Since there's no intermediaries in Bitcoin group action there's no fee for the group actions done the transaction is completed solely by the user and dealer ,the identity of the person isn't disclosed as a result of Bitcoin is digital and redistributed in nature .The protection is secure for the shoppers in Bitcoin since all the transactions ar recorded associate exceedingly in a very international ledger referred to as blockchain and this can be sort of a financial statement the common thanks to sell or obtain Bitcoin is to use an exchange.
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rituvohra01

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Re: Will be Bitcoin centralized?
« Reply #16 on: March 28, 2019, 07:15:41 AM »
It seems good but it is impossible that Bitcoin will be centralised. Its decentralised platform and blockchain technology is the main reason of its popularity.

Synvc

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Re: Will be Bitcoin centralized?
« Reply #17 on: March 29, 2019, 01:08:07 PM »
The most necessary drawback in Bitcoin is lack of client protection . Since there's no intermediaries in Bitcoin group action there's no fee for the group actions done the transaction is completed solely by the user and dealer ,the identity of the person isn't disclosed as a result of Bitcoin is digital and redistributed in nature .The protection is secure for the shoppers in Bitcoin since all the transactions ar recorded associate exceedingly in a very international ledger referred to as blockchain and this can be sort of a financial statement the common thanks to sell or obtain Bitcoin is to use an exchange.

What you say is true, the difficulty of bitcoin to become a centralized factor is clear. Because it is Anonymous

Redix

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Re: Will be Bitcoin centralized?
« Reply #18 on: March 29, 2019, 11:45:52 PM »
I don't think so. One of the reasons for creating Bitcoin is based on an anonymous and decentralized system using blockchain technology. It is created to be used by all people around the world with its easiness, practical usage, and also the anonymous system.

 

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termion

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Re: Will be Bitcoin centralized?
« Reply #19 on: March 29, 2019, 11:50:27 PM »
Bitcoin is now very centralized, unfortunately. It is obvious. A small group of manipulators controls the course. What is decentralization here? There is no

 

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Ahan

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Re: Will be Bitcoin centralized?
« Reply #20 on: March 30, 2019, 04:06:15 AM »
why the bitcoin should be decentralized? It is not a banking system with central regulation. We also don't know which one who must regulate and centralize this coin, in which country. Moreover, the main purpose of Bitcoin is for a decentralized system. So it will be anonymous.

tsakf

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Re: Will be Bitcoin centralized?
« Reply #21 on: March 30, 2019, 04:28:39 AM »
Bitcoin was designed to be decentralized. Although, in practice, big mining farms, are a form of centralization. That's why proof of stake and other consensus find their way.
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Rabsul

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Re: Will be Bitcoin centralized?
« Reply #22 on: March 30, 2019, 01:15:42 PM »
Bitcoin is designed with the blockchain technology which is basically decentralized. If you want to think it as a centralized currency, it needs to be changed the decentralized system which isn't possible for now due to blockchain technology's function.
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josephabad23

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Re: Will be Bitcoin centralized?
« Reply #23 on: March 30, 2019, 02:19:33 PM »
NO, absolutely no, if bitcoin become centralized then it is no different on currencies we are using. Bitcoin is decentralized and I like bitcoin because of that feature, no one controls this currency, only the people.

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Etrilicious

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Re: Will be Bitcoin centralized?
« Reply #24 on: April 01, 2019, 06:53:24 AM »
No i dont think so because it will go against the whole point of a decentralized transactions. Trust me with time the governments will come on board when they realise how useful bitcoin is. Time will tell.
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Rhett

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Re: Will be Bitcoin centralized?
« Reply #25 on: April 01, 2019, 03:17:44 PM »
Its cant because theres no way to change from decentralized to centralize at the moment, perhaps in the future when blockchain development more, there will be a way

tsakf

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Re: Will be Bitcoin centralized?
« Reply #26 on: April 01, 2019, 03:44:54 PM »
Its cant because theres no way to change from decentralized to centralize at the moment, perhaps in the future when blockchain development more, there will be a way

They, only way, to centralize Bitcoin, is, to buy all the mining farms, in the world. But this will not happen, because the Bitcoin software is available, for anyone on the internet, so new miners will come into play.
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GardenBee

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Re: Will be Bitcoin centralized?
« Reply #27 on: April 02, 2019, 12:34:49 AM »
It cannot be centralized in the general sense. Regulated only.

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Re: Will be Bitcoin centralized?
« Reply #28 on: April 02, 2019, 08:56:20 AM »
It seems good but it is impossible that Bitcoin will be centralised. Its decentralised platform and blockchain technology is the main reason of its popularity.
I think it would be very difficult due to the manufacturer's own not be able to set it, continue to who will set, isn't it very impossible

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Re: Will be Bitcoin centralized?
« Reply #29 on: April 02, 2019, 02:55:36 PM »
It seems good but it is impossible that Bitcoin will be centralised. Its decentralised platform and blockchain technology is the main reason of its popularity.
I think it would be very difficult due to the manufacturer's own not be able to set it, continue to who will set, isn't it very impossible
Perhaps in the future when the blockchain and technology are more developed, we can able to do that somehow, for now its impossible

 

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