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Author Topic: n00b question: is BTC infrastructure *really* 100% decentralized?  (Read 636 times)
conspirosphere.tk
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October 18, 2011, 04:51:33 PM
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Or it could be put off by a great Bitcoin crackdown, a campaign of assassinations or s/t like that?
Where do the miners/pools connect to get their problems to solve?

Sorry for the noobness, but I am too lazy to study the white papers.

My tinfoil hat is way bigger than yours.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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tysat
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Keep it real


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October 18, 2011, 04:53:20 PM
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Yes it is 100% decentralized, there's no one thing you could remove to take down bitcoin.  It would involve taking down a lot of nodes/pools/etc to hurt bitcoin badly.
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October 18, 2011, 04:58:43 PM
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About the only thing centralized is information about Bitcoin. When this forum was down, one quickly recognized the concentration of information here about mining software, pools, tech support, trading, etc.
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October 18, 2011, 05:55:21 PM
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Yes, it's 100% decentralized.

Of course that doesn't stop us from having some centralized things like exchanges or mining pools. But they aren't required. You can solo mine, you can exchange bitcoins with anyone you want without using the exchanges and so on.

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Where do the miners/pools connect to get their problems to solve?
To the pool server. You can start a pool and then people would connect to you, that's all.

You can solo mine of course. But since the average user would have to wait months to find a block, we all use pools  Cheesy

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You are WRONG!


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October 18, 2011, 05:59:46 PM
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Or it could be put off by a great Bitcoin crackdown, a campaign of assassinations or s/t like that?
Where do the miners/pools connect to get their problems to solve?

Sorry for the noobness, but I am too lazy to study the white papers.
miners connect to pools. and pools broadcast, a solved block.

the only centralized parts are exchanges, mining pool, and forums. each can be replaced by some p2p-type of system.
exchanges: person-2-person.
mining pools: p2pool, or solo mining.
forums: well we can always make more of them.

you would have to assassinat all bitcoin users, to make it stop.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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October 18, 2011, 09:33:54 PM
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Or it could be put off by a great Bitcoin crackdown, a campaign of assassinations or s/t like that?
Where do the miners/pools connect to get their problems to solve?

Sorry for the noobness, but I am too lazy to study the white papers.

It could be harmed if a malicious user controls more than 50% of the computation power. The decentralization exists, but I doubt that it will scale... Anyway, we have more important things to worry about right now. Here is a nice wiki reading: https://en.bitcoin.it/wiki/Weaknesses
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