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Title: Could the creator simply take blocks for himself? Post by: EyeRis on June 16, 2011, 05:18:40 PM Though I do not FULLY understand how bitcoin works I do know that someone has to be running the network and I thought to myself how slow this forum is becoming. I thought to myself I wonder if the owner of bitcoin could simply use a block to buy better hosting... Which obviously scared me afterward to think about the amount of corruption that could be behind it if it is indeed possible.
Title: Re: Could the creator simply take blocks for himself? Post by: rebuilder on June 16, 2011, 05:22:54 PM There is no "owner" of Bitcoin in the sense you seem to mean. There is a creator, and subsequently several people developing it. (actually the creator, known as Satoshi Nakamoto, may well be several people.)
As for whether they can take blocks, no. They most likely have a significant sum from mining in the early days of Bitcoin, but now, there is no known way anyone could create blocks at will. Preventing that is the whole point of Bitcoin, and it's open-source so people can trust there not to be any hidden back doors in the code. Title: Re: Could the creator simply take blocks for himself? Post by: davidsmcnally on June 16, 2011, 05:26:18 PM There's no one person who runs the network. Basically, it's run by a massive cluster of computers around the world run by people all over the world. Each of these computers is running the same computer program, which dictates exactly how the network should run. So instead of it being run by one person, it's (basically) run by a computer program that won't change.
Title: Re: Could the creator simply take blocks for himself? Post by: Bert on June 16, 2011, 05:28:55 PM What the forum could do is display a donate address on the front page. If people thought that the site was too slow they could throw a few dBTC at the address to sponsor a new server(s), hosted at a site that accepts BTC's as payment.
Title: Re: Could the creator simply take blocks for himself? Post by: EyeRis on June 16, 2011, 05:30:23 PM What the forum could do is display a donate address on the front page. If people thought that the site was too slow they could throw a few dBTC at the address to sponsor a new server(s), hosted at a site that accepts BTC's as payment. yes well i was thinking a donate button or a tax or something that the forum admin could exchange for USD for better hosting. Title: Re: Could the creator simply take blocks for himself? Post by: bitminers on June 16, 2011, 05:32:30 PM Fantastic Idea! A faster Host is needed, I think the traffic here is getting way to much for the current Bandwidth or server which ever it maybe? There is enough users to all make a small donation for this!!!
Lets support this 100% Title: Re: Could the creator simply take blocks for himself? Post by: nhodges on June 16, 2011, 05:34:05 PM Fantastic Idea! A faster Host is needed, I think the traffic here is getting way to much for the current Bandwidth or server which ever it maybe? There is enough users to all make a small donation for this!!! Lets support this 100% I agree, and a message board revamp/upgrade, default SMF is no fun for the growth this forum has experienced this year. Title: Re: Could the creator simply take blocks for himself? Post by: cynikal on June 16, 2011, 06:02:17 PM What the forum could do is display a donate address on the front page. If people thought that the site was too slow they could throw a few dBTC at the address to sponsor a new server(s), hosted at a site that accepts BTC's as payment. yes well i was thinking a donate button or a tax or something that the forum admin could exchange for USD for better hosting. plus if there was a donate-so-i-dont-have-to-be-relegated-to-newbiedom link that'd be cool too ;) Title: Re: Could the creator simply take blocks for himself? Post by: EyeRis on June 17, 2011, 07:34:52 PM What the forum could do is display a donate address on the front page. If people thought that the site was too slow they could throw a few dBTC at the address to sponsor a new server(s), hosted at a site that accepts BTC's as payment. yes well i was thinking a donate button or a tax or something that the forum admin could exchange for USD for better hosting. plus if there was a donate-so-i-dont-have-to-be-relegated-to-newbiedom link that'd be cool too ;) Hmm I would agree tot hat but I like the freedom that bitcoin comes with. I think that instills to much of a government like power. You must pay to have benefits of a full forum "citizen" Title: Re: Could the creator simply take blocks for himself? Post by: okiyama on June 17, 2011, 07:43:56 PM Well I guess it would be a quicker way out of the 4 hours and 5 posts thing, not a different class of citizen.
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