Post
Topic
Board Bitcoin Discussion
Re: What if Bitcoin was centralized?
by
randal9
on 26/12/2017, 13:09:40 UTC
what do you think would happen to bitcoin economy if someone would actually take in control of it?
I think it won't be as much as popular as it is now. Its decentralization is what makes it unique. Governments are not able to put tax on every transaction because of its blockchain technology and characteristic of being decentralized. But if it will be, I think it will be more secured the only thing that I am not sure if it will be still interesting.
I agree, decentralization is what makes bitcoin interesting...if it becomes centralized, many won't want to use it and for sure it will not be able to grow like that anymore, because it will be even more controlled