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boscoj (OP)
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May 17, 2011, 03:23:56 AM
 #1
well who is the central issuer?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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ColdHardMetal
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May 17, 2011, 03:25:32 AM
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Quote from: boscoj on May 17, 2011, 03:23:56 AM
well who is the central issuer?

There isn't one, hence no need to trust one.
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boscoj (OP)
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May 17, 2011, 03:33:17 AM
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well how were the coins created?
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May 17, 2011, 03:37:44 AM
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Quote from: boscoj on May 17, 2011, 03:33:17 AM
well how were the coins created?

https://en.bitcoin.it/wiki/FAQ#How_are_new_Bitcoins_created?
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May 17, 2011, 04:23:35 AM
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Yay!!!  Noobie time!  Welcome to bitcoin!
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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