Why a Bitcoin future may end up in centralization

funny-gifs (61)in #bitcoin • 6 years ago

You're hearing a lot about bitcoins and cryptocurrency "altcoins" a lot lately because it's about to change the world's financial systems.

It's not just digital currency. The blockchain technology has real world uses, too.

ironically, if Bitcoin etc. continue their growth, eventually we'll need central authorities just to hold and process all the data because individuals will lack the required resources

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Check out this Article for more detail :

https://thenextweb.com/syndication/2018/01/21/bitcoin-future-will-always-end-centralization

#blockchain #cryptocurrency #news #beyondbitcoin

6 years ago in #bitcoin by funny-gifs (61)

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todayfreetricks (55) 6 years ago

What do you think about steeem and sbd? Have any research about these coins?

$14.71

1 vote

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themystic (47) 6 years ago

I don't agree with the following statement you made;

eventually we'll need central authorities just to hold and process all the data because individuals will lack the required resources

After all Bitcoins are rewarded to the miners there will be still some interest in processing transaction fees by validating transactions. At that time ASICS machines may go out of the picture completely.
Most of the alt coins will be doomed. Also every country will regulate BTC enough to rip tax benefits from the citizens as centralizing it is not logically possible. Let's see what future brings for this space. Good luck all who are HODLing. Cheers!!!