DECENTRALIZATION OR CENTRALIZATION

[BTC Future 3946]

The network is decentralized and it will be even more in the futurem as more miners around the world are beginning their operations even now, before the halving. So they actually don't care that their profits might be lower, as they have business plans and hopes that Bitcoin will be adopted worldwide in a few years. For example a few months ago, Iran provided around 800 licences for mining farms in their country. Most of these haven't been utilized yet. The China based Bitcoin mining will become lower in the future. Still right now there is no need to concern for centralization as consensus does not actually mean that the miners get to do what they want. Consesus is also contraining the developers, the community and the exchanges. All of them work together and proceed with having Bitcoin as their best of interests.

[Benjamin 84]

9 hours ago, alexisfuentes said:

No!  

First of all these terms are known with the abbreviation of CEN and DEX.

That is just for me mate, that is my own opinion and don't push some members here to be getting right their own opinion, i hope you may understand.

[alexisfuentes 2130]

22 hours ago, Benjamin said:

That is just for me mate, that is my own opinion and don't push some members here to be getting right their own opinion, i hope you may understand.

Rest assured that you can say what you want, whether it is mediocre or useless bad, but if you think about something that I dominate and I see that you do it wrong, I will surely try to help you, that is my goal.

 

Do not feel hurt friend, we all learn here every day, but this theme of "CEN-DEX" mastered it very well and I must tell you that your response is not appropriate to the topic.

 

Edited February 28, 2020 by alexisfuentes
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[alexisfuentes 2130]

On 2/26/2020 at 5:25 PM, Emransm877 said:

The term centralization means concentration of authority at the top of the administrative system. On the one hand, and, on the other hand, decentralization means dispersal of authority among the lower levels of the administrative system.

Really referred to the cryptographic aspect is another situation, it is a different diametral concept, please read about it, in any case I just just wrote something that can help you.
 

 

On 2/26/2020 at 4:30 PM, alexisfuentes said:

No!  

First of all these terms are known with the abbreviation of CEN and DEX.
    
And they are based on the control you have over your assets (DEX) which is a basic principle of cryptocurrencies, to be able to control money. So when you have your funds in a wallet or Exchange "DEX" it doesn't matter if it disappears or the project ends suddenly.

Being of the decentralized type your assets can be transferred or opened in another wallet, thanks to the fact that you have control of your private key.

 

A CEN exchange they have the control you cannot dispose of your assets, they centralize the control of your assets. That is, you never have a private key that allows you to access your funds. You really don't have control of your money.

 

 

 

 

[alexisfuentes 2130]

On 2/26/2020 at 5:33 PM, sajjad33 said:

Yes, you are right to some extent. The cryptocurrency world started with bitcoin as a fully decentralized currency which claimed to protect our privacy in each transaction but most coins that appeared after bitcoin were decentralized on the surface but they were in fact centralized. Take ICOs and IEOs for example. They are all about crypto projects and those projects certainly have managers.

You have a mix of ideas, all entangled with each other, study everything you say here and you will understand what I am saying, but I can overtake you.

 

99% of the blockchain coins are decentralized, it is their basic pyramid, the term dex and cen refers to the wallets that want to govern your assets.

[Imaankhan 208]

On 12/14/2019 at 8:38 PM, cBenton92 said:

Decentralization is the only way we can avoid mass manipulation in my opinion. Centralised banks are a perfect example, the amount of power and influence they hold is unbelievable! I see you are new here as well as me so welcome and hope you have as much fun here as I am having already! 🙂

Yes i agree with you completely decentralisation is the main reason why bitcoin is successful and trustworthy it cannot be centralised as it would not remain neutral.  

[SuperCrypto 7193]

For most investors and holders of digital currencies, the central cryptocurrency exchange platforms are one of the most important means of trading. Some investors may find that the concept of a “central” platform is somewhat misleading, as digital currencies themselves are often described as “decentralized”.

[cryptousd20 141]

Decentralization is better than centralization because cryptocurrencies can make it a successful investment in proportion to us and we find in it all the things that we look for in order to change our lives so it is better than centralization that has nothing to offer us to change our lives

[CryptoMaxim 3829]

23 hours ago, Strangernew1 said:

Hello my dear friend. I think this is the reason crypto currency is much more popular. Because of its decentralized system. Many people like to work anonymously. 

This is of course a question of who benefits. For example, I do not use huge amounts of money in cryptocurrency and it does not matter to me whether it is anonymous or not.

[Ayush Singh 1175]

I think being decentralized coin cryptocurrency can succeed more and this digital world because a centralised coin we not benefit to user much so to make this currency globalised it needs to be decentralized so that user can use in their own ways to earn and to maximize their profit.

[Sunil kumar Behera 489]

My dear friend i really preferred the decentralisation because it has no control on me.But centralisation men the control of the centre i.e government.May decentralisation manage its own assets and no one control on it but only control of the moderator.

[Hanan951 841]

On 12/14/2019 at 5:13 PM, Valente Ibrahimo said:

 

Not much to say but my post today about the title above.
It seems that the concept of decentralization is disappearing, we have been promised a decentralized world, but what seems to be losing this battle today, what we have seen are increasingly cetralized cryptocurrencies and enriching only one group of people. Was this the vision of Lendario Satoshi Nakamoto? They would like your reflection on this. I want to know where the cryptocurrencies are going. Decentralization or centralization?

I really don't have any idea about this subject but thanks for sharing and I am going to read the comment to get more useful thought about this.

[MrGeany 297]

well decentralisation in coins mean that coins can be mined/created by anyone and centralization means that coin can be mined only by 1 person/company. i think that the best way is for decentralisation which means that it is not controlled by one party and others can make it too so my voice goes to decentralization..

[deepown 0]

19 hours ago, depress1on said:

I think that cryptocurrencies (real ones , not created by governments ) will all remain decentralized, no matter how much they want to limit them.

That's right decentralized cryptocurrencies are untouchable, but decentralized exchanges turns out they are touchable, and that is bad.

[jamesvince 2389]

Centralized means currencies that we controls by a centralized body such as State Bank of each country and decentralized means there is no centralized body for control of prices of market only market forces done this. 

[magd 5231]

Don't worry, my friend, we haven't reached this stage of pessimism yet, here is Bitcoin recovering, and we hope that it will continue to rise. It is not decentralized, but it is linked to the problem of the epidemic

[Captain Karim 0]

Cryptocurrencies will never go to centralization because they were created to be decentralized, cryptocurrencies that appear to be centralized by their ownership by a certain entity will never have a promising future.

[Saj555 2250]

As the time going,the decentralised exchange is more  popular than the centralised exchange. In decentralised exchange you can do your transaction without any hesitation and it's quite secure way. But centralised exchange is dependable in persons. There is a risk for scams there. 

[jekich.chan 1439]

Most likely there will be an obvious answer, of course, they favor the decentralization of cryptocurrencies. But here the authorities of all state-sponsored states advocate centralization in order to control the turnover of cryptocurrencies throughout the country and to tax the income of cryptocurrencies.

[Babubu609 0]

On 2/26/2020 at 2:29 PM, Sajib264 said:

If the Cipto currency is changed and concentrated, then its essence will be gone and the local government will be in charge of controlling it. A decentralized currency, which is unique to crypto currency.......

as time goes by means of cryptocurrency loses decentralization and starts for use centrally, i think this modification is based totally on contemporary traits.

[kadayakito 765]

I prefer decentralization to decentralization that seems increasingly blurred, but I believe that currencies will remain decentralized, more or less. I'm quite relaxed and only look at the good side so I'm okay anyway.

[Jessica Karren 1242]

Centralization of cryptocurrencies is not the model of Satoshi nakamoto, he created this technology on decentralized model. If this technology adopted the centralized model then it's become more like the conventional baking system, you are right then a group of certain people will only handle it and manipulate it.

[Thekingcallme 1975]

Yes, the central currencies that banks deal with have become less well known with the advent of cryptocurrencies, one of the advantages of which is that they are decentralized and this is a wonderful thing and provides many benefits

[SuperCrypto 7193]

On 4/5/2020 at 5:15 PM, kabanidze said:

I am an ordinary person, I do not have much money in cryptocurrency and I personally do not care what happens. But in general, I would like decentralization everywhere, so that they could not follow us and that everything was anonymous.

Although centralized market platforms have the potential to provide the level of service and reliability that ordinary users expect, they may also lack transparency and impose high fees. This makes us prefer decentralization.

[IamLeader12 682]

I think that cryptocurrencies are moving towards centralization since the governments of countries will simply ban decentralized cryptocurrencies in order to track transactions.