BITCOIN SERVER IS TURNED OFF

[krulviper]

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?

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[Josepht]

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.

[krulviper]

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.

[mangenta]

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?

That is  impossible , in that case bitcoin is not decentralised

[vinc3]

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?

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.

[Givebirth]

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?

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.

[krulviper]

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.

[Scorpion]

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.

[jtipt]

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.

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.

[pinoyden]

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?

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.

[gredisgold88]

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?

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

[subSTRATA]

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?

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.

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?

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

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

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.

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.

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.

[yishak]

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.

[lucifochrome]

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.

[jseverson]

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.

[Terry05]

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?

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.

[Yakamoto]

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'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.

[aizen10]

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.

[megynacuna]

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'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.

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.

[filharvey]

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.