Will bitcoin be a centralized coin?

[Saboor 511]

5 hours ago, Jamesnachoog said:

Sure the price of bitcoin is going weak day by day and I hope to see it rise soon but it will be much better when it becomes a centralized currency

It will take more days before bitcoin will recover from the bad dropped of the Price, this has make people to buy more bitcoin

[Upright 2688]

From the basics,of the protocol of bitcoin it's clearly even from it's white paper that it's going to be a decentralized coins and even if the coins is needed to be centralized, its actually going to need the owner if the coin, Satoshi nakamoto to implement this change as basically it's unknown his I'd or and to do any modifications of it's protocols

[Saboor 511]

On 3/29/2020 at 12:38 PM, Upright said:

From the basics,of the protocol of bitcoin it's clearly even from it's white paper that it's going to be a decentralized coins and even if the coins is needed to be centralized, its actually going to need the owner if the coin, Satoshi nakamoto to implement this change as basically it's unknown his I'd or and to do any modifications of it's protocols

Yes, bitcoin is decentralized system and the most fascinating stuff about bitcoin is no one can control it and even the Creator ain't known, this is the best way to have a good investment in a trustable coin

[MCSGlegend 2210]

I think it is already centralized, and its price is influenced by whales and miners in China who have most of the capacity, even if they affect 20-30% of the price, they can still make money from it.

[Brushless4500KV 4214]

9 minutes ago, MeiLynh said:

I really exclusively express that if a control will affect decentralization, the concept of cryptocurrency will no longer exist. There are lots of BTC and payments at any time but banks can block accounts anytime related to Crypto.

Do you mean banks can block crypto transactions? How can they penetrate inside blockchain network and control transactions? Banks will not do this because they don't want to stop cryptocurrency progress. Have you ever read about some banks that try to offer crypto services to their customers? This is a sign that proves banks are interested in crypto and the only reason they can't get involved in it, is the problem of anonymity and frauds. If they find a solution for this, they not only don't block crypto but also help to improve it.

[ComeBackIsrael 185]

I think that Yes, whales understand that you need to buy bitcoins now in order to manipulate their price in the future, which they do.. one day bitcoin will become centralized

[IamLeader12 682]

I think that no this will never happen, if bitcoin becomes centralized, people will simply refuse to use it and switch to another cryptocurrency.

Edited April 8, 2020 by IamLeader12

[Saboor 511]

4 hours ago, Kgn78690 said:

Understand one thing Bitcoin or any cryptocurrency can't be centralized in 2009 Bitcoin was launched Satoshi nakamoto has a aim to make Bitcoin decentralized which can't be controlled by any third party 

You are right, bitcoin has been created to only be decentralized in nature, there will be no any innovation that will be accepted for bitcoin to become centralized in the future

[IamSickAllYear 243]

I think that Yes, when there are more than 90% of miners in China, they will be able to do whatever they want with the price of bitcoin, they can stop mining together and then bitcoin will fall in price.

[bentayebsalah 2280]

Bitcoin cannot convert to central currency because it is already programmed as decentralized and cannot be changed at all

[Trofimova 133]

I think that no, even if governments try to do this, they will not succeed, so bitcoin will never become centralized, whales do not affect its price as much as many people think. 

[Saboor 511]

16 hours ago, bentayebsalah said:

Bitcoin cannot convert to central currency because it is already programmed as decentralized and cannot be changed at all

That great answer, bitcoin can't be altered and if they tried to altered it it will not be successfully, because they don't have access to bitcoin network entirely

[tienda 8776]

I think right now I m not sure will be centralized, because is not controlled and their transaction are not traceable, maybe in the future when they will regularize it, will convert to the centralized coin.

[Yunusalemu 0]

i really am not looking forward to witnessing this very such scenario of the bitcoin becoming a centralized currency as this will change the world of the crypto currency and totally the definition of the bit it self, making it to become worthless and have less demand just like other starting currencies

[magd 5231]

Whales are the ones who control the ratio of supply and demand because of the large sums they possess, but this does not mean that bitcoin has become centralized, and that the conversion of bitcoin into a central currency means the failure of its real goal, which is to get rid of centralization and thus a great failure and the disappearance of cryptocurrencies

[Yunusalemu 0]

On 4/23/2020 at 9:34 AM, kusvuw10 said:

I think bitcoin is a decentralized and unprecedented currency. It is decentralized and unchecked. It has been maintaining this for 10 years and has never changed

well kets just keep on hopping it stays decentralised in it all next coming cycle of treats is Face's from the government, and lets all pit in our support as usual so as it will still succeed in overcoming these treats, in the nearest future coming. 

[Saboor 511]

On 4/24/2020 at 3:33 PM, Binjit said:

I dont think reason of this for bitcoin going down i think this epidemic or worlds economy disturb
this is reason for bitcoin now down price.second things bitcoin will never become centralize or 
manage by pope but main reason is world economy disturb

Yea,, that reason isn't enough, the oa decision is causing everything to change in the economic system of the world and we hope we will be able to deal with this viral disease sooon

[Thekingcallme 1975]

This is impossible and Bitcoin cannot become a central currency now and will always remain the same because its maker thus made it

[Moaz 7239]

Of course, crypto whales manipulate Bitcoin prices according to their interests, as they pump or empty Bitcoin into the market, but they do not fully control Bitcoin 100% because one of the most important features of Bitcoin is decentralization.

[LocusW 38]

I don't think it will ever be ruled by anyone. It is impossible. Perhaps the whales if they can influence the price if they want to, obviously if they buy a good number of available BTC the price of BTC shoots up, but there is no government that can take control of the BTC. The miners, on the other hand, could also do a lot of damage if at some point they leave their job, it would be chaos at first, but it would still continue to work as long as there is a machine connected to the internet that is doing mining. If they disconnect the entire internet then we will see what happens to the crypto world.

[Yjfebres 11]

Bitcoin is perhaps the only decentralized currency, since there is no person behind, a CEO, someone who controls the network. The creator is still anonymous.
The market price is and will always be manipulated by the whales, we just have to follow their movements and take advantage

[Mdavlat 25]

Bitcoin can't be centralised, because no one can control it. Millions investors are holding BTC now. That is why it's impossible to manipulate its price. Bitcoin has a lot of Chinese investors. I read that 80% of all mined BTC are in Chinese wallets now. Perhaps China will take BTC under control in future.

[neohiperion 40]

Bitcoin is a decentralized currency, because it is not controlled by anyone, its transactions are without intermediary, that some entity has been able to accumulate many bitcoin makes it an important player in the market, which influences its price.

[wiliamblacke 157]

By no means since Bitcoin was created and thought from the beginning as a decentralized system because it is not governed by any industry, company or person.
 

[luthfi_2a 110]

No. That would be contrary to the entire purpose and nature of crypto currencies.

The point of bitcoin was twofold: that it was not centrally controlled or tracked and that it would never be devalued by inflation.

The proponents of crypto wanted an alternative to currency as it is now, not something that would act like every other currency.