What if Bitcoin Became Centralized?

greg365 · 2019-03-31T13:06:00.000Z

Here's a scenario to think about. Imagine if Bitcoin's whole code was changed so it could handle all daily transactions globally with super low fees and lightning speeds. It could replace traditional money, but at what cost? Decentralization would take a hit.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#21Apr 3, 2019, 12:55 PM

Transactions being slow actually adds to Bitcoin's reliability. Instantaneous transactions could ruin its value proposition, like gold.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#22Apr 3, 2019, 03:57 PM

In the end, if it's centralized, investors might see it as just another cash grab. Bitcoin needs to hold onto its uniqueness. Anything less? It loses its identity.

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What if Bitcoin Became Centralized?

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