Humberto Alvarez

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Bitcoin is totally working on Blockchain architecture. Bitcoin is the first crypto currency which support and working on Blockchain. As the very basic fundamental of Blockchain architecture, there is no any possibility being distributed. The concept of Blockchain totally builds up as distributed manner. As you have explained, for being centralized or handling Blockchain of bitcoin, it is required to have more that 50% of computational power. With considering number of stakeholders or miners in bitcoin Blockchain currently available all over the world, getting more that 50% of computational power to one person or group is impossible.

Nope it wont happen because this is the reason why bitcoin is being implemented and that is to decentralized its transaction to reduce the transaction fee being made in the centralized form of money. Anyway there are many people here trying to state an argument like this of when does bitcoin will be centralized. Well i bet they had misunderstood what is decentralized all about and we should let them be.

I don't think and don't see that bitcoin will go centralized, Bitcoin is made to be centralized in its feature. This is one of the reason why people choose to invest on it. Instead of making it centralized, creation of new kind coin that is centralized will be available. Ripple is a good example of a centralized coin, it has good demand in the market but people still choose bitcoin even decentralized.

The whole idea behind Bitcoin was to create a decentralized currency, a currency free from the Governments and banks. If someone somehow managed to centralized it, that would mean Bitcoin has failed its original purpose and it will become worthless. Bitcoin is very much the future of finance and it will become your go-to currency in near future.