Answered Jan 3, 2016
BENEFITS ASSOCIATED WITH BITCOIN

1. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money/normal currencies, is that it is decentralized.[/b] No single institution controls the bitcoin network. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown.

2. Those who endorse this digital currency are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe.

3. With Bitcoin you don’t have the problem of inflation because the system is designed to make Bitcoins to be finite as only about 21 milion Bitcoins will ever be released (mined).

4. It’s a re-imagining of international finance, something that breaks down barriers between countries and frees currency from the control of federal governments.

Source - www.newscapture.in

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

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Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized.

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BENEFITS ASSOCIATED WITH BITCOIN

1. Bitcoin’s most important characteristic, and the thing that makes it different to conventional money/normal currencies, is that it is decentralized. No single institution controls the bitcoin network. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown.

2. Those who endorse this digital currency are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe.

3. With Bitcoin you don’t have the problem of inflation because the system is designed to make Bitcoins to be finite as only about 21 milion Bitcoins will ever be released (mined).

4. It’s a re-imagining of international finance, something that breaks down barriers between countries and frees currency from the control of federal governments.

You need to know why Bitcoin isn't centralized before answering whether it's feasible for Bitcoin to be centralized.
First, no single institution controls the Bitcoin network, monitors or settles transactions, or holds Bitcoins belonging to other people. Since Bitcoin is not physically printed under strict control of a Central Bank, unlike physical currencies, its value cannot be manipulated by financial authorities. It's the external reasons.
Second, Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. And since all information is encrypted, no one could interfere to get it. Also, the network behind Bitcoin allows pee-to-peer transaction. As a result, an intermediary is unnecessary. This is the internal reason.
To conclude, I'm of the opinion that Bitcoin will remain decentralized as it is.

Is bitcoin over?? No, its not. And NEVER will it happen. Why? Because bitcoin is decentralized and no single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. Maybe it's on low at this time but that's life, isn't it? We're not always on top.

I think the reason is that the bitcoin is most trusted digital currency adopted by many nations because it a very much secure currency and the other thing which made it popular and different from others that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Bitcoin's most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.

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Bitcoin's most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.
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Maybe simple put on this topic is that Bitcoin can be used to buy things electronically. Most important characteristic of bitcoin is thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network, most important BANKS. This puts some people at ease, because it means that a large bank can’t control their money. Other most important thing is that its independent of any central authority, transferable electronically, with very low transaction fees.