Bitcoin Forum
December 12, 2024, 10:28:27 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Is the Bitcoin creator part of the government of China?  (Read 196 times)
SquirrelJulietGarden
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 816



View Profile
April 15, 2023, 08:50:36 AM
 #21

You're not understand how's Bitcoin work, even if Bitcoin miners were mostly operated in China, it doesn't make China can control Bitcoin including Satoshi. If Satoshi implemented to change Bitcoin protocol from Proof Of Stake to Proof Of Work, it needs at least 51% Bitcoin's core team need to agree with that's suggestion. But since most people always consider the decentralization is the most important thing in Bitcoin, such kind change is impossible will happen.
Any change in the protocol, soft fork or hard fork, must be done by community vote from people who own hash rate on Bitcoin network. Therefore, it is impossible for a single person, miner, mining farm to change the protocol to a better or worse new protocol.

Community has their voice and power so that they will look forward to upgrade the Protocol to make it better for everyone engage with it. This community decentralized power eliminates risk for bad exploitation in Bitcoin protocol to change it for benefit of minority.

Changing Bitcoin algorithm from Proof of Work to Proof of Stake is impossible. No Bitcoiners will support it because it will create risk of centralization from which something worse can happen. We saw many problems with centralized Proof of Stake networks.

▄▄███████▄▄
▄███▀▀██████████▄
▄████████▀▀█████████▄
▄█████▄██████▀▀███████▄
▄████████▄▄██████▀▀█████▄
███████▀▀██▄▄██████▀████
██████▌████▀▀██▄▄████████
███████▄██████▀▀██▄▄▄███
▀████████▄▄██████▀██████▀
▀██████▀▀██▄▄▄▄██████▀
▀███████████████████▀
▀███▄▄██████████▀
▀▀███████▀▀
 
 CASINOBET  
████
██
██
██
██
██
██
██
██
██
██
██
████


██████████▄▄▄▄██▄
████████████████▀
███████████████▀
█████████████▀
█████████████▌
█████▄██████▌
████▄███████
███▐███████▌
███████████

██████████

██
██
██
██
██
██
██
██
██
██
██
████████

██████████▄▄
█████████████
███████████▌
██████████████
███████████▌
█████████████
██████████▌
████████████
█████▀▀▀███▌

██
██
██
██
██
██
██
██
██
██
██

████████
▄████████▄
█████████
██████████████
████████▒▒██████
████████▒▒▒█████
████████▒▒██████
██████████████
███████████
▀██████████▀
▀▀▀▀▀▀▀▀
████████    ██
████
██
██
██
██
██
██
██
██
██
██
██
████
 
 ULTIMATE DESTINATION FOR CRYPTO GAMING   PLAY NOW  
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!