Post
Topic
Board Bitcoin Discussion
Re: centralize money vs. decetralized money (bitcoin)
by
Wenbing
on 10/07/2020, 21:59:19 UTC
Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?

The problem Satoshi Nakamoto saw with fiat currency is the putting of TRUST in the hands of the central authority and they often compromise this trust by way of money devaluation. Crypto invention has come to remove that trust from central authority. so, your money cant be tampered with by any central authority when its bitcoin. I feel this is while decentralised should be superior to centralised.