If bitcoin is centralized, Satoshi would not have thought up to the way of using cryptography, he would have just created bitcoin in a way that the government would have taken it down.

Know that other cryptocurrencies mimic bitcoin but they are getting to be centralized, bitcoin created the way which they still use to function. If not for bitcoin, there will also not be altcoins.

Weird I wasn't assuming such sort of topics still can be created and such queries exist in this timeline as well. So buddy point of notice here is OgNasty from which depart or I would say school thought you are asking this question is it for the supply, hash rate, mining pools, Nodes Distribution, Market Platforms (Exchanges & Firms, etc), or the development. In a few words, Bitcoin is far more decentralized when it will be compared. That's why it's called BTC BTC. Haha seems like I said something in flow it's BTC because it's BTC.

Anway for your question there are some factors that give a point to people thinking for Bitcoin to be centralized which in a theoretical manner can be proved but with the actual resources it's near impossible.


What?? Is this a point to prove that Bitcoin won't lose it value, What the Altcoins had to do with the Bitcoin valuation or in reverse methodology as well, Do you mean Bitcoin won't lose its value to 100$ because there are other currencies having lower value compared to Bitcoin? Brother, you could have said that BTC won't lose because there is a large community standing behind it, Because it's not easy to manipulate the resources, Becasue Bitcoin always stands on the top because of its market capital, or anything making more sense.

Not an offensive motive but really I wasn't expecting such type of explanation from a senior. 

The concept of some people always go that bitcoin being centralised it will devalue bitcoin, but from the creation of bitcoin satoshi have already know that if bitcoin being centralised they will be enough challenges and competitions in bitcoin and that is why satoshi made bitcoin to decentralized with the Co team, even though it was centralized bitcoin would have still have value, even now that bitcoin is still decentralized do you know that people still be scared of bitcoin and they also devalue bitcoin, so nothing can be created and it fails to have people that will become antagonist to it, op should know that

If it turns out to be centralized then no doubt that people or the community would jump off ship.. We arent that blind on why Bitcoin do rank #1 in the marketplace? Because its something that cant be
cracked down in terms of its codes or whatever technical side aspects and there's no way that it could be stopped even with the government on which it do really give out that kind of trust.
Its true that even on some altcoins in the market do still really be able to get that value or price despite on being centralized which means that there would really be still investors who would really be mainly supporting it.We cant really just that tell if Bitcoin would really be coming into a point that becoming centralized then we cant really be sure whether it would be still mainly supported or would really be trying out to transfer on totally anonymous and decentralized coins like Zcash or Xmr.

If Bitcoin were centralized, it wouldn't have reached where it is right now. It wouldn't have become this successful. However, observing the current trend in the entire cryptocurrency market, the twist would probably be that even if Bitcoin was centralized but it was an altcoin which came out after a truly decentralized cryptocurrency became popular and widely adopted, it would still have reached a certain level of success. We only have to look at the current top cryptocurrencies to realize this. Many of them are centralized.

Can a centralised Bitcoin survive? The government or tradfi guys might destroy it before it has value.

Bitcoin is more decentralized now than it was a couple of years back. Remember prior to the China ban? Most of the hash rate was from those Chinese farms. Now it’s more scattered all over the planet which is what we need.

Also Bitcoin is not like Tether or USDC which a centralized user can freeze funds. The BTC can never be frozen onchain, same with the native ETH.

Value and price are different.

If Bitcoin is centralized, obviously Bitcoin has no value anymore because it will kill the other usability. Bitcoin will not be pseudonymous, no privacy, can be controlled by the team, etc. Fixed supply is pointless, there are many centralized coin with fixed supply.

But Bitcoin price will not become 0 because many stupid people are still want to make money, just take a look with 99% centralized coins in CMC.

Being centralized because it is controlled by one large institution? how many sources does the institution have to prepare in order to be able to take over all Bitcoins including mining, because these institutions must be able to pump Bitcoin prices continuously up so as to convince the holders to sell them on the exchange but even that is not necessarily successful because Bitcoin holders have strong enough faith how this coin will remain decentralized even if someone is able to have more than 50% of the amount