Post
Topic
Board Economics
Re: Centralized or Decentralized for cryptocurrencies?
by
aervin11
on 03/11/2018, 01:33:48 UTC
We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized

The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.

I think that centralized currencies are good for a company in terms of transparency but I doubt it's security because if they are using PoW or PoS masternodes it is still under the same management so they could simply alter that and would just result no good, it's just another expense which is not necessary so my judgement is Centralized Cryptocurrencies aren't good as it's sounds and unproductive.

But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?

Price action. If bitcoin could be adapted by any government and allows it to use and also act as a local currency, I think it could be huge jump to be globally accepted. Domino effect.