vlamer (OP)
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May 18, 2016, 11:03:09 PM Last edit: May 19, 2016, 08:48:15 PM by vlamer |
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I have some question although I have learned I always go back to newbie and rotates around over there.and now this is my question : What does it mean by Bitcoin is Decentralized ,is decentralization only in work system along payment system or all about Bitcoin is decentralized ?
very thanks for answer..
regards ,
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achow101
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May 19, 2016, 12:34:59 AM |
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I have some question although I have learned I always go back to newbie and rotates around over there.and now this is my question : What does it mean by Bitcoin is Decentralization ,is decentralization only in working system along payment system or all about Bitcoin is decentralization ?
very thanks for answer..
regards ,
Your question is hard to understand. What are you trying to ask? Are you asking what is decentralized about Bitcoin? If so, then the answer is everything. Everything about Bitcoin is decentralized as there is no central body which issues Bitcoin and adds to the blockchain. It is entirely peer to peer and does not rely on any one server(s) to do anything.
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vlamer (OP)
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May 19, 2016, 02:08:19 AM |
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I have some question although I have learned I always go back to newbie and rotates around over there.and now this is my question : What does it mean by Bitcoin is Decentralization ,is decentralization only in working system along payment system or all about Bitcoin is decentralization ?
very thanks for answer..
regards ,
Your question is hard to understand. What are you trying to ask? Are you asking what is decentralized about Bitcoin? If so, then the answer is everything. Everything about Bitcoin is decentralized as there is no central body which issues Bitcoin and adds to the blockchain. It is entirely peer to peer and does not rely on any one server(s) to do anything. thanks, btw I changed the use of wrong word ,google does not always give the correct word. that only p2p system makes Bitcoin decentralized ?
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achow101
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May 19, 2016, 02:17:18 AM |
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I have some question although I have learned I always go back to newbie and rotates around over there.and now this is my question : What does it mean by Bitcoin is Decentralization ,is decentralization only in working system along payment system or all about Bitcoin is decentralization ?
very thanks for answer..
regards ,
Your question is hard to understand. What are you trying to ask? Are you asking what is decentralized about Bitcoin? If so, then the answer is everything. Everything about Bitcoin is decentralized as there is no central body which issues Bitcoin and adds to the blockchain. It is entirely peer to peer and does not rely on any one server(s) to do anything. thanks, btw I changed the use of wrong word ,google does not always give the correct word. that only p2p system makes Bitcoin decentralized ? The p2p system and the proof of work system are the primary aspects of Bitcoin's decentralization. P2p make it so that no block or transaction must originate from a central controlling server. The proof of work system makes it so that each node will only accept blocks that prove an amount of work was done.
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vlamer (OP)
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May 19, 2016, 02:29:31 AM Last edit: May 19, 2016, 07:24:51 PM by vlamer |
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I have some question although I have learned I always go back to newbie and rotates around over there.and now this is my question : What does it mean by Bitcoin is Decentralization ,is decentralization only in working system along payment system or all about Bitcoin is decentralization ?
very thanks for answer..
regards ,
Your question is hard to understand. What are you trying to ask? Are you asking what is decentralized about Bitcoin? If so, then the answer is everything. Everything about Bitcoin is decentralized as there is no central body which issues Bitcoin and adds to the blockchain. It is entirely peer to peer and does not rely on any one server(s) to do anything. thanks, btw I changed the use of wrong word ,google does not always give the correct word. that only p2p system makes Bitcoin decentralized ? The p2p system and the proof of work system are the primary aspects of Bitcoin's decentralization. P2p make it so that no block or transaction must originate from a central controlling server. The proof of work system makes it so that each node will only accept blocks that prove an amount of work was done. Uwh ,something like that,there is unity .. I hear it can make us do not need a third party ? EDIT: my grammar too
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achow101
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May 19, 2016, 03:03:37 AM |
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Uwh ,somothing like that,so is unity there.. I hear it can make us do not need a third party ?
Sorry, but your question is incomprehensible. The way that Bitcoin is designed makes it so that you do not need to depend on any other party to do things and that, in theory, you can take matters into your own hands if you don't like something.
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vlamer (OP)
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May 19, 2016, 03:19:25 AM |
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Uwh ,somothing like that,so is unity there.. I hear it can make us do not need a third party ?
Sorry, but your question is incomprehensible. The way that Bitcoin is designed makes it so that you do not need to depend on any other party to do things and that, in theory, you can take matters into your own hands if you don't like something. yes that is incomprehensible,I was wrong in typo. for what i don't like something like Decentralized system.so if Bitcoin still designed like that is Bitcoin still Decentralized ?
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bitcoineverything
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May 19, 2016, 04:31:49 AM |
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Everthing about bitcoin is decentralized. No one or nobody controls or decides for bitcoin, neither the government. Whatever happen happens for bitcoin.
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We are here to give you all the latest from the Cryptocurrency space!
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vlamer (OP)
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May 19, 2016, 04:38:49 AM Last edit: May 19, 2016, 05:30:17 PM by vlamer |
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Everthing about bitcoin is decentralized. No one or nobody controls or decides for bitcoin, neither the government. Whatever happen happens for bitcoin.
yes you are right, that is your mind .. so you can free with that ..
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Karartma1
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May 19, 2016, 06:32:09 AM |
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We could say that the major centralization aspect is happening in China because most of BTC trading and mining is happening there. That does not make bitcoin centralized but it could be considered by some as some sort of centralization.
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wintermeasures
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May 19, 2016, 03:29:32 PM |
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Everthing about bitcoin is decentralized. No one or nobody controls or decides for bitcoin, neither the government. Whatever happen happens for bitcoin.
yeah i agree with you, with decentralized bitcoin can avoid the influence of political and banking monopoly. great satoshi just my opinion.
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mindrust
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May 19, 2016, 03:34:14 PM Last edit: May 19, 2016, 08:52:10 PM by mindrust |
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Everthing about bitcoin is decentralized. No one or nobody controls or decides for bitcoin, neither the government. Whatever happen happens for bitcoin.
That is what they say. That is how bitcoin is advertised. It may be true i don't deny it but i am not going to believe it right away. I still have a suspicion what if Satoshi holds the majority of bitcoins? Nobody can prove the otherwise.
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vlamer (OP)
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May 19, 2016, 05:22:40 PM |
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We could say that the major centralization aspect is happening in China because most of BTC trading and mining is happening there. That does not make bitcoin centralized but it could be considered by some as some sort of centralization.
yes ,that is realistic ,but i'm not talking about circulation of Bitcoin. my point is something fundamental about Bitcoin,and i don't think this question is only can answered by Satoshi
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BellaBitBit
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May 20, 2016, 12:51:21 PM |
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Uh, yes. If you came from google to do translations you could have googled "bitcoin decentralized" and find a wealth of information to this basic question.
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I love Bitcoin
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vlamer (OP)
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May 20, 2016, 01:19:25 PM |
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Uh, yes. If you came from google to do translations you could have googled "bitcoin decentralized" and find a wealth of information to this basic question. i think you not read my question. "You only see what you want to see" - v
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bob123
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May 22, 2016, 04:56:52 PM |
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Satoshi holding more than his 1M Bitcoins (e.g. 10 M ) would be retarded. BTC would drop and everyone would lose.
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guwfwkz
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May 22, 2016, 08:57:10 PM Last edit: May 22, 2016, 09:29:22 PM by guwfwkz |
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Satoshi holding more than his 1M Bitcoins (e.g. 10 M ) would be retarded. BTC would drop and everyone would lose.
Not all about Bitcoin is Decentralized,because we are all is central and this all goes because of human resources. We have the prosuder to use Bitcoin as a tool of our trade, pay a fee and wait for the confirmation where we've accept it so far. We have the rule, something like Bitcoin has a coins supply of block turnover released from the mining process,and more systematic rules is be made in order to have the concept of Bitcoin. Pure of Bitcoin itself have the protocol of Bitcoin their requires consensus. The consensus is we are all that was empowering blockchain, we are who running node, we are who the miners free to mine, we are who clients that only do transactions and also not inseparable from those in the market circulation, researchers, developers and all parties involved but we had to walk in the same protocol to provide consensus. Hardfork will only damage existing fundamentally and continue to rearrange the existing consensus.Not to concern in increase blocksize or corporations although they could give Bitcoin remain decentralized,simply we must still have The core that maintains fundamental and provide space to all do research without destroying the fundamentals that made us solid all this time. Problem of crime using bitcoin is same problem facing to any currencies,that problem is more as duty of government to protect us as the people live in country, we just have to do all we can do at this problem . This is not being talking about theory, even the theory could make nothing to something, this just do something for what we care. we must stand together developers so that they also stand to one another and we are all be solid together. add : for issue&gossip maker I absolutely not SN, but my respect always here to him. thanks .. EDIT: whether we've set a minimum block based on the occurrence of transactions per 10 minutes ,are we can focus more on the features of the future too ..
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