Bitcoin Forum
December 07, 2016, 04:44:59 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: A Centralized Block Chain  (Read 687 times)
hashman
Hero Member
*****
Offline Offline

Activity: 915



View Profile
August 31, 2011, 06:31:20 PM
 #1


OK, I know that the whole point of the system is that bitcoins are decentralized.  However, it seems that some of the advantages of the block chain system (e.g. non-counterfeitability, transferability, security) could be implemented in a centralized system.   Curiosity led to  a cursory search of this forum for discussion, but I didn't find any other than discussion of centralized control of software clients / protocol changes. 

In such a system there could be various degrees of centralization, at one extreme all new blocks would be made by the central authority (no hashing necessary Sad ... ) and and also control over the reward per block.  In this "dollarcoin" the central issuer would still have control over the money supply (monetary inflation) however the amount printed would be public.  This would be similar in some ways to the USD or EUR system except that there wouldn't be professional economists arguing about whether 15 trillion or 30 trillion had recently been created...  could mean better transparency..  lower transaction fees and higher liquidity..   

Of course, various degrees of decentralization could be applied.

Anyway, I wouldn't be surprised if others were thinking about or directly planning such systems and so.. your thoughts and job offers please Smiley

cheers - 

   

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481129099
Hero Member
*
Offline Offline

Posts: 1481129099

View Profile Personal Message (Offline)

Ignore
1481129099
Reply with quote  #2

1481129099
Report to moderator
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2492


View Profile
August 31, 2011, 06:48:52 PM
 #2

This kind of thing is very simple to do with a central server, and it's been done several times before.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
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!