Bitcoin Forum
December 08, 2016, 08:38:12 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: net integrity, mining how important  (Read 1062 times)
jago25_98
Hero Member
*****
Offline Offline

Activity: 871


http://moneybutnofixedabode.blogspot.com


View Profile WWW
January 23, 2012, 01:40:52 PM
 #1

just trying to get my head around a few comments i've read regarding both gov attacks and also iran:

"we're studying the protocol" and "no miners, no currency"

Well, the 2nd one there says no currency if no mining but surely the inflation stops at some point anyway? I was under the impression that at that point it's just clients, and then hopefully more secure against mining related attacks. People will still mine because of difficulty changes right.

To be honest i thought i understood but now i'm not so sure.

Also, having connectivity is important too... I don't understand the details though... I think you just need a minimum of say 4 nodes? These could be manually entered right? And perhaps even transmit the blockchain semi manually... Using rsync even i wonder... If that can do partial files...

 Just wondering how secure the network is, getting a better understanding... I wonder how bad routing can get before things get shafted. For example if iran block at the borders could one wifi link over the border in theory sustain a whole country...

1481229492
Hero Member
*
Offline Offline

Posts: 1481229492

View Profile Personal Message (Offline)

Ignore
1481229492
Reply with quote  #2

1481229492
Report to moderator
1481229492
Hero Member
*
Offline Offline

Posts: 1481229492

View Profile Personal Message (Offline)

Ignore
1481229492
Reply with quote  #2

1481229492
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481229492
Hero Member
*
Offline Offline

Posts: 1481229492

View Profile Personal Message (Offline)

Ignore
1481229492
Reply with quote  #2

1481229492
Report to moderator
1481229492
Hero Member
*
Offline Offline

Posts: 1481229492

View Profile Personal Message (Offline)

Ignore
1481229492
Reply with quote  #2

1481229492
Report to moderator
kjj
Legendary
*
Offline Offline

Activity: 1302



View Profile
January 23, 2012, 02:23:56 PM
 #2

Bitcoin is actually pretty low traffic.  It wouldn't take much to keep an island connected.  And even if updates came at strange intervals, it could remain useful.

Mining will continue because fees will gradually increase as the subsidy decreases.  At least that is the plan.

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
I routinely ignore posters with paid advertising in their sigs.  You should too.
interlagos
Hero Member
*****
Offline Offline

Activity: 497


View Profile
January 23, 2012, 04:01:44 PM
 #3

Mining is what protects public blockchain from forgery in the current design.
So it is essential for Bitcoin that mining remains (barely) profitable indefinitely.
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!