Quote from: BennyK on October 04, 2018, 01:30:50 AM

Of course, many users of Bitcoin want it to be centralized because the governments depicts a good picture of Bitcoin under centralization. However, there is a hidden agenda to the reason why the governments are fighting for Bitcoin to be centralized. The governments are just afraid of the power decentralization brings to the people.

True. That's governments' evil plan to make Bitcoin centralized and cripple its growth with their unfair regulations. Sure, it's necessary to protect investor's funds by applying regulations across many cryptocurrency exchanges, but too much regulations would be bad for the overall crypto ecosystem. With a centralized version of Bitcoin, banks and governments could easily shut it down or disrupt its functionality as there would be a single point of failure. But, a decentralized version of Bitcoin will make it nearly impossible for it to shut down as nodes are distributed within many areas of the world.

Thus, the more Bitcoin grows in mining hashrate, and node distribution, the harder it will become for governments to stop it. While Bitcoin is still decentralized these days, there is a certain level of centralization within the mining process. If that is solved, then Bitcoin would become more decentralized than ever, becoming stronger and resilient against attacks or external control. All in all, most people would prefer Bitcoin to remain decentralized for many obvious reasons. Because, if it turns all the way around, then it would be nothing but another "banking system" in the digital realm. Grin