Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin become centralized sometime in the future?
by
Th3developer
on 28/05/2018, 07:05:12 UTC
Bitcoins and other crypto-currencies are private and open systems. Their ideology is that anyone can become an issuing center. Classical monetary mechanisms, on the contrary, are centralized: central banks are responsible for the issue. I believe that the philosophy of centralized systems in the near future will not go anywhere. Another thing is that these systems can switch to block-based technology for distributed data storage.