Bitcoin Forum
December 10, 2016, 07:01:34 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Let's say you wanted to change the limit of total bitcoins  (Read 1640 times)
ewarrior
Newbie
*
Offline Offline

Activity: 7


View Profile
July 23, 2011, 10:24:01 AM
 #1

As I understand any changes are not possible because there is no centrally controlled software.

So If you want to change any fundamental rules you would have to release bitcoin v2? and start from scratch?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481396494
Hero Member
*
Offline Offline

Posts: 1481396494

View Profile Personal Message (Offline)

Ignore
1481396494
Reply with quote  #2

1481396494
Report to moderator
1481396494
Hero Member
*
Offline Offline

Posts: 1481396494

View Profile Personal Message (Offline)

Ignore
1481396494
Reply with quote  #2

1481396494
Report to moderator
1481396494
Hero Member
*
Offline Offline

Posts: 1481396494

View Profile Personal Message (Offline)

Ignore
1481396494
Reply with quote  #2

1481396494
Report to moderator
ruski
Full Member
***
Offline Offline

Activity: 182

I'm a hero now?


View Profile
July 23, 2011, 10:33:38 AM
 #2

The client is centrally controlled. They could extend it with the next release if they wanted. Everyone would have to use the new client though.

Mobo: Asus P8P67, Intel i5
OS: Win 7 64 bit
PSU: APower 1200W (don't even say it)
Case: Case? What case?
GPU: is for sale
ewarrior
Newbie
*
Offline Offline

Activity: 7


View Profile
July 23, 2011, 10:43:05 AM
 #3

Are you sure? I thought that the client is only an interface. All the actual "meat" is not changeable. Since the code is not centrally controlled.
riX
Sr. Member
****
Offline Offline

Activity: 327



View Profile
July 23, 2011, 12:16:04 PM
 #4

There are more than one client, pick one or make your own with custom rules.
If you change the limit of total bitcoins in your client, and also includes mining software, you would effectively create a fork of the blockchain.

bitcon
Legendary
*
Offline Offline

Activity: 1050


www.bit-exo.com


View Profile WWW
July 23, 2011, 04:06:42 PM
 #5

i think he's talking about the total number of bitcoins that will ever be produced by the network.  21million i believe.

ttk2
Member
**
Offline Offline

Activity: 76


View Profile
July 23, 2011, 07:48:24 PM
 #6

The client is centrally controlled. They could extend it with the next release if they wanted. Everyone would have to use the new client though.


No, they could not, the total number of generated coins is based on the formula that governs block generation, as such any change to this formula would require the creation of a new genesis block and it would invalidate all old blocks. Essentially starting the Bitcoin network again from scratch, you could not transfer Bitcoins between the network with the old formula and the network with the new one. This is a core function of Bitcoins, no matter what you can not make more than 21 million without starting a new network. 

Just in case i do something worthwhile: 12YXLzbi4hfLaUxyPswRbKW92C6h5KsVnX
Weaver
Full Member
***
Offline Offline

Activity: 154


View Profile
July 23, 2011, 08:10:52 PM
 #7

Hypothetically you could make a client that interprets .1 btc as 1 bitcoin... and multiply the network that way... totally worthless... but makes there be more volume... sort of.

O.o
elements
Full Member
***
Offline Offline

Activity: 182


View Profile
July 23, 2011, 10:22:20 PM
 #8

"Let's say you wanted to change the limit of total bitcoins"

Let's not!

»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams
Use the trusted German Bitcoin exchange: https://www.bitcoin.de/de/r/5wcwts
Tips & donations: BTC : 1MAQYNLp2VJ9wWhPYg5BnrbUGzdhGXopZw | CGB: 5bgQivyHJcSWTgvLfVW87Zj23M7mcFCVBF
bitrain
Sr. Member
****
Offline Offline

Activity: 308



View Profile
July 23, 2011, 10:29:13 PM
 #9

 Everything is perfects as it is Smiley. Final number of bitcoins doesn't mean anything.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!