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Author Topic: How bitcoin wallets connected between?  (Read 161 times)
shakil77 (OP)
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May 12, 2018, 11:46:22 AM
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I'm thinking, is it dangerous to buy bitcoin, in case if government want to block it? How bitcoin wallets connected between? If I'm right - there are support servers, who providing connection between ...
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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stompix
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May 12, 2018, 12:45:28 PM
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I'm thinking, is it dangerous to buy bitcoin, in case if government want to block it? How bitcoin wallets connected between? If I'm right - there are support servers, who providing connection between ...

Bitcoin communicates through nodes, not "servers".

If any government would want to stop BTC they would go first after exchanges, then after traders and merchants accepting BTC and only after those steps which are far easier they would think about blocking the traffic between bitcoin clients.
It is going to be almost impossible to filter bitcoin traffic, especially since you can use VPNs.

There is no central server the goverment can shut down and stop it, it's more like torrent traffic but without having to rely on a central website to get your torrents.
 

Bervelukan
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May 12, 2018, 12:53:19 PM
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In my opinion there is nothing dangerous to buy bitcoin, if the government wants to block, we can use paypal in making transactions.
Tankdestroyer
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May 12, 2018, 01:01:45 PM
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There is no central server the goverment can shut down and stop it, it's more like torrent traffic but without having to rely on a central website to get your torrents.
 
You are right but they can try to stop miners from running nodes. They can do so by banning mining all over the world, but they cannot completely stop mining operations since they can opt to mine bitcoins covertly, hiding from the government(but that will basically be rule breaking if they do ban mining all over the world). For now, I think it is less likely because not all governing authorities of every country see bitcoin as bad, some of them see benefits in legalizing it.
Tisubasha
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May 12, 2018, 01:12:03 PM
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I think buying bitcoin will not be a hazard, because Bitcoin's ban is that in the era of the global internet economy, individual governments have no authority and authority to act against decentralized currencies like Bitcoin.
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May 12, 2018, 01:38:41 PM
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Strange as it sounds, but "bitcoin-wallets" do not contain bitcoins!

Yes Yes! Exactly! Actually, bitcoins, like coins or money, exist only in the context of Bitcoin's blockbuster protocol, namely in the form of transaction records in a distributed database, which is also called ledger-an ledger or ledger. This database - Block Bitcoin - contains records of absolutely all transactions for the whole history with all existing bitcoins (coins) at the moment.
stompix
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May 12, 2018, 03:14:15 PM
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In my opinion there is nothing dangerous to buy bitcoin, if the government wants to block, we can use paypal in making transactions.

We should really have some sort of monthly prize for most mind blowing post here....

There is no central server the goverment can shut down and stop it, it's more like torrent traffic but without having to rely on a central website to get your torrents.
 
You are right but they can try to stop miners from running nodes. They can do so by banning mining all over the world, but they cannot completely stop mining operations since they can opt to mine bitcoins covertly, hiding from the government(but that will basically be rule breaking if they do ban mining all over the world). For now, I think it is less likely because not all governing authorities of every country see bitcoin as bad, some of them see benefits in legalizing it.

First the Op should have defined "government" if this should turn into a serious discussion...
What gubbermint ? Which country, how many, all of them? And the evil gubbermint in most countries can't do s*** without a vote from the parliament and so on...

Now, you can't stop miners from having bitcoin nodes just as you can't stop users to run them. Might the worst happen, there was some talk about encrypting the traffic between nodes, and since the traffic is quite small, that would make it almost impossible to detect and stop.

But, if the gubbermint would really want to go after miners they would not hunt down nodes but power consumption. It's far easier to try and hide a few hundreds megabytes of traffic rather than 3000Kwh a month.

I think buying bitcoin will not be a hazard, because Bitcoin's ban is that in the era of the global internet economy, individual governments have no authority and authority to act against decentralized currencies like Bitcoin.

Governments and the parliament can make it legal to go after anything in this world. Bitcoin, cats , dogs, memes, even coffee tables about coffee tables.

swissgang
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May 13, 2018, 08:51:00 PM
 #8

Governments or anything even aliens  Cheesy can't stop bitcoin, because it is unstoppable and even in that case, they have to spend many effort for that which would deter them from doing this.

ManaMan
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May 13, 2018, 09:05:38 PM
 #9

I'm thinking, is it dangerous to buy bitcoin, in case if government want to block it? How bitcoin wallets connected between? If I'm right - there are support servers, who providing connection between ...

I don't think that they will want to stop it for real. They are mapping and matching real identities with the addresses and thus can conclude who moves money where. As it is transparent it is good. With increased demand they can't easily stop this as they are not that much naive to think that crypto can be stopped. I do believe that they are aware that they can't be in control over it and this is why they are seeking and looking for ways that they can sue to regulate it.
JacobLiam12
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May 13, 2018, 10:38:29 PM
 #10

It could be dangerous but bitcoin doesn’t communicate through servers they communicate through nodes. So no worries if government blocks it your coins will be safe because it is impossible to filter bitcoin traffic especially since you can use VPNs.

forumsehat
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May 13, 2018, 10:41:56 PM
 #11

Do not be too afraid and worried if the government wants to block, because we can connect in this whole world, we can use the wallet from anywhere as long as still connected in the internet.
allen67
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May 13, 2018, 11:34:00 PM
 #12

If you want to purchase bitcoin, you can. No issue with the govt rules. If govt. stop trading with rules they will stop exchanges at first and you will get time to liquidate your coin.
Whibu
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May 13, 2018, 11:38:38 PM
 #13

If the government blocks me it will not be a big problem because bitcoin can connect all over the world in accessing.
kastara
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May 14, 2018, 12:17:37 AM
 #14

I think not everything that forbids the existence of bitcoin as a digital currency, so in my opinion is not dangerous because there are still some countries that support the existence of bitcoin so I do not feel afraid to do bitcoin search either by buying coin or in another way as my asset at a later time. So if I personally will continue to support bitcoin as a digital currency and as our asset in the digital world for the future, so that I no longer feel the pain if there is a crisis in my life by way of me set aside a little treasure that is in my current to in the form of bitcoin.
bellmen08
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May 14, 2018, 07:43:03 PM
 #15

Bitcoin wallet is software where bitcoin stored and so the matter is if bitcoin banned by government what will happen? Simple ans is technology makes our life easy and there is way to browse so we can use torrent or tor browser also vpn through this software we can frequently use software so it will provide and solve the problem. Though bitcoin is increasing so government also thinks about it and if they smart enough they won’t ban bitcoin.
bright4mech
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May 14, 2018, 10:22:21 PM
 #16

Bitcoin wallet deals with smart contract, by peering contract from one nation to another, without knowing or seen the business partner one and one, but it connect by means of blockchain technology and well trusted.
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May 15, 2018, 03:55:46 AM
 #17

I'm thinking, is it dangerous to buy bitcoin, in case if government want to block it? How bitcoin wallets connected between? If I'm right - there are support servers, who providing connection between ...

I think there is no one can block bitcoin even government because bitcoin is decentralized.
You can think like bitcoin database are spread over the world, making it impossible to block unless it block all of the databases.

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Kakmakr
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May 15, 2018, 05:40:47 AM
 #18

There is really nothing to worry about, when it comes to governments trying to stop Bitcoin. Bitcoin is a global decentralized network, so if your government wants to stop Bitcoin, they will have to stop people from running nodes in other countries, where they have zero jurisdiction.

They can stop centralized wallet providers operating within their country, but you can still use hundreds of other wallet providers and exchanges that are operated in other countries where Bitcoin is legal.

Just make sure, you have the private key to your coins or you might run into troubles, when you want to move those coins.

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soraxas01
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May 15, 2018, 05:53:26 AM
 #19

It would be impossible for the government to block bitcoin transactions for bitcoin that the government would not possibly know about. And especially not by servers having a server would require resources and physical server rooms in which none would possibly do.
tarball
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May 15, 2018, 06:00:16 AM
 #20

Now, you can't stop miners from having bitcoin nodes just as you can't stop users to run them. Might the worst happen, there was some talk about encrypting the traffic between nodes, and since the traffic is quite small, that would make it almost impossible to detect and stop.

This is one reason why I don't think bitcoin cash will work, because how would you do that with gigabyte blocks, or even 200MB blocks.

Thanks for reading my post.
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