Bitcoin Forum

My friend said he never hold bitcoin too long, because he is worried if Satoshi nakamoto turn off bitcoin server.
What do you think about it?

I think that you and your friend need to take a look at yourselves, or (most likely) need to read about bitcoin, because you don't understand sh*t about it.

Satoshi created bitcoin, but he doesn't 'control' 'servers' or something.
The miners maintain the network and the transactions. If they turn off their machines all at once, then the network can have a problem, but only when a enormous part does it.

I think the possibility to happen is very small, because it will only harm them. bitcoin has a very high potential, and the price will continue to increase from year to year.

That is  impossible , in that case bitcoin is not decentralised

Main Server is not availabe only in one location or person for bitcoin is decentralised and miners around the globe is scattered to confirm ech and every transaction please read the whitepaper of bitcoin for it will make you understand more what this new technology is all about. Unlike banks that have main servers bitcoin gave the power to the people to control the system in this way no one person can turn off bitcoin in a swish.

Where did your friend get this information? Satoshi created bitcoin but he is not the one who holds the server. I don't know what server you are talking about. the blockchain holds transactions of every coin in the web. Not satoshi it self. So basically speaking you and your friend are wrong about this.

ok thank you so much, sorry i'm newbie, i still have not figured out about bitcoin. now i will not hesitate anymore to hold bitcoin. ;D

It's decentralized, there's no one central server. There's also 12,456 nodes all across the world helping secure and confirm transactions on the Bitcoin network.

Theoretically, even if one miner keeping mining the network will be technically running but obviously one machine can't match the required hash rate and it will be as good as network down. Being said this l, it's still very unlikely that all the miners will stop mining.

lol, no its not true that satoshi nakamoto holds the bitcoin server and there no such thing as bitcoin server because bitcoin is decentralized, it means no one hold or controls it but your friend has got some point because we dont know how long bitcoin can opperate , thats why theres always a risk in bitcoin that it can disappeard one day.  but i guess it wont going to happen early because bitcoin is just starting yet.

not possible, because miners bitcoin, then server will never die. but, if nakamoto sells 1 million bitcoin,can price drop until 10 $.

there is no server, thus, it cannot be turned off. bitcoin runs off the bitcoin network, which is comprised of the many bitcoin core client (or any other hard wallet) nodes that serve as the backbone of the network. your friend is absolutely clueless and has no place speaking on the subject.

you also seem to be clueless on the subject. educate yourself.

in that scenario, that one machine would essentially control the network. and that's not an understatement. if you read up on the 51% attack theory a bit, you'll understand how that works. not going to explain it here. however, i will say that the numerous nodes and other miners constantly running on the network are what contributes to preventing these attacks and maintaining security within the network.

Lol , Bitcoin ain't on a server . If that was the case it wouldn't be called decentralized, now would it ? I suggest your friend to read more about blockchain before making such kind of claims.

Oh okay, so your friend is just worried that if the bitcoin server goes offline so as your and your friend's bitcoin yes? Let me tell you this, you need not to worry because bitcoin is not centralized. Satoshi nakamoto does not hold the access to that server. There are a lot of computer who is handling bitcoin. You and your friend may need some re-reading about this because clearly you don't seem to understand quite well how bitcoin works. If bitcoin have a server or should i say something like centralized then might as well stick with the traditional currency as it works.

You both need to educate yourselves. Seriously. If you're both holding Bitcoins then you have a responsibility to yourselves to know whatever it is you're spending on. Googling Bitcoin should tell you within a few seconds that Bitcoin is a decentralized currency. Going by the very definition of that, you should have been able to guess that there is no central server.

Look up peer-to-peer systems to know how Bitcoin works. You should also read a lot more materials after that.

It seems that you and your friend doesn't know how bitcoin technology works?. First and foremost satoshi is only the creator of bitcoin not the servers .he/she doesn't have control with all servers because there are too many miners around the globe who keeps the bitcoin network continuously working. Maybe the only way to shutdown all  bitcoin network servers or halt the bitcoin network process, if the internet was shutdown and I think  this thing is  impossible to happen.

I'd tell him he has no idea what he's talking about, obviously, and he's never even looked at the blockchain and has just thought of Bitcoin as any other application that has existed for computers, believing for it to be something that has a centralized system administration and not a decentralized management system, like what we have right now.

There is no server to turn off, there is no person who can perform such a task. Some people can try to take down the blockchain, but it is nearly impossible for anyone to do so since it almost requires shutting of the internet entirely for a lot of people around the world.

bitcoin server has never gonna turn off because no one have control on that server, miner are the responsible to keep network working, so even satoshi nakamoto was gone/died the bitcoin server are in full running and no one can shut it down. try to study a lot more about bitcoin and you will see how bitcoin totally works.

Well that friend of his better be told that should that even happen hypothetically then Satoshi will need to switch off my little mine in my store rioom and my bitcoin core wallet that i'm running as a full node. He just doesn't understand what he is saying and for such folks it's better to read and learn  a lot from this forum's already rich content than starting a new thread every now and then.

There is no such server which satoshi controls and bitcoin functioning does not depend upon a server.Bitcoin is created as a decentralized currency.Bitcoin transactions are carried out and confirmed b a process called mining in which mathematical logarithms are solved to make a transaction to confirm.

There are large number of miners all over the world contributing to the bitcoin network.Its highly impossible for all the miners to shut their mining operations at once.The would not come forward to do as as the loss will be theirs.Even if some miners decide to shut down,then also it would not have an significant effect over the transaction process.

Bitcoin is another form of money and so,once you invest in it,you should know how it works clearly.

Why believed this kind of information with out any proof or references where did he get this kind of information.   If this possible why some one who created this kind of program will apparently delete or turn off this thing.

Wow. OP has more than 100 postings and still asks a dumb question like this one. You are my idiot of the day!

I think your friend  does not know something about bitcoin. That's why bitcoin is decentralized no one holds bitcoin (server) the miners are the server it self no need to worry about it once no miners can mine on the blockchain you need to mine to confirm your transaction for that. As long as we have internet we can still use bitcoin.

I think this is a troll post. There is no way this guy has 111 activity and still thinks that bitcoin has a main 'server'.

That`s impossible because there is big blockchain for bitcoin. There are a lot miners who support it. You should find thousands of miners and turn off their electricity.

It is not possible to turn Bitcoin. It's similar to the Internet. There are many independent servers which are all over the world so even if single country decided to cut off Bitcoin traffic, which is not possible, it wouldn't stop Bitcoin. Bitcoin is decentralised and that's the biggest advantage of it. Nobody can stop Bitcoin from growing. Try to read more about it.

Either your friend is a big Joker or the biggest idiot. It can't happen even theoretically, we have nothing to worry about.

I wonder how do you have 100 posts but still do not know anything about how Bitcoins work. You should read about Bitcoin more, you have the basics at their site and here at the forum. You could avoid being criticized by annoyed users and atleast know something about Bitcoin if you use it.

That is true, many of the new guys on this forum are all after signature campaign bounties and so they make stupid posts to boost their count in order to rank up when the time is right and so even though certain  questions are answered over and over they start new threads and spamming their funny English around. I'm tired of reading these folks.

I don't think that you should worry too much about turning off of bitcoin server. It is not possible for it to be turnerd off all of a sudden. We all know that bitcoin is for investments activity and it losses its value in you when you have such kind of thinking.

I think your friend don't know anything about bitcoin, Bitcoin don't have any server, all the data about bitcoin is being shared in the blockchain and is being updated on every transaction. That is why it is called as decentralized currency.

The biggest fault in our people is that they do not try to get the proper knowledge and spread rumors in order to grab attention of people, do not believe them they are just attention seekers, bitcoin cannot be stopped it is getting popular with time and people are favoring it, the demand is increasing so as well is its worth. So be free and be happy about your bitcoin, they will make you rich in no time

Wow, your friend is very informative and smart. I mean we have never thought of that? How old is he?8?  ::)

Satoshi Nakamoto left Bitcoin years ago and he don't have any involvement about bitcoin ever since that day.  The block chain cannot be turned off because it is just a chain of transaction made. It is open to everyone for years and never been shut down since 2009. Come on man, you can read a lot of information about bitcoin and block chain in the internet.

I think your friend should stick to whatever business he s been doing outside of crypto cause here in crypto he s got nothing to seek for.

BTC server???? Turned off by Satoshi????? AHAHA AHHAHAHAHHA.

No way bitcoin is turned off because bitcoin is using blockchain system, that mean it uses blocks of data to store everything, there are many blocks of bitcoin on internet, if one block is turned off, the others will be just fine, unless you crash the entire internet then bitcoin will die.

It looks like your friend has a persecution craze. Nobody has the ability to influence the bitcoin so much that it can be turned off with the help of technical means. It is impossible alone or by a small group of people. So let your friend sleep peacefully.

The old story of the Bitcoin central server is back with the stupid vengeance. If the inventor of the World Wide Web Tim Berners-Lee decides to pull the plug should you stop investing in Amazon or Uber or every online companies that are listed in the Stock market just because Tim is having some mood swings.

Firstly there are many stories about Satoshi Nakamoto, no one knows is if he a person or a group of people.
Bitcoin operates on a decentralised, peer to peer system controlled/run by its miners who are spread all over the world.
So there is no one server. transaction of bitcoins get stopped only when all the miners shuts down their machines at once.
This will never happen because they have no personal communication with each other, bitcoin the only link connecting them all together.
Stopping ob bitcoin is not possible, only governments or monetary systems can regulate its transactions.

i think it wont , because bitcoin server wont turned off, bitcoin has its own standard , bitcoin is strong , maybe bitcoin server turned off because of some maintenance in their sever , but not mean that bitcoin is turned because bitcoin is going down, maybe there is some technical problems at that time.

This is impossible to happen because bitcoin has been spread world wide and no one has the control over it the only way that bitcoin can be gone into the market is when majority of the holders will stop making transactions and that most of the bitcoin will be idle for a long time which is very impossible to happen. Bitcoin will remain in the circulation and it will surely for long long time.