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Topic: Bitcoin (difficulty) (Read 2601 times)

legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
June 30, 2014, 02:15:02 PM
#27
Can BTC core developers on BTC, make changes to the protocol, to change almost all the functions? Or are part of it off limits?
Anyone (including me and you) can make absolutely any change to a protocol. No limits at all.

The problem is - what part of the rest of world will accept our changes?

if you are a big guy, a famous one, you could actually do it pretty easily, just spread the world to your friends, and you have tons of those friends
full member
Activity: 121
Merit: 100
June 27, 2014, 12:15:39 PM
#26
Where can I find documentation on this, or a thread discussing this?

have you read through this?

https://en.bitcoin.it/wiki/Difficulty
legendary
Activity: 1904
Merit: 1073
June 26, 2014, 08:35:33 AM
#25
But the change you make to the protocol will only apply to you, and will not communicate to the blockchain. Someone decide what changes, must be done to the core protocol, and then it's send out, on forums like this, for general adoption. Who decide on those changes? The Bitcoin foundation or the Core developers?

Can you see where I am going with this?
legendary
Activity: 1260
Merit: 1019
June 26, 2014, 08:08:44 AM
#24
Can BTC core developers on BTC, make changes to the protocol, to change almost all the functions? Or are part of it off limits?
Anyone (including me and you) can make absolutely any change to a protocol. No limits at all.

The problem is - what part of the rest of world will accept our changes?
legendary
Activity: 1904
Merit: 1073
June 26, 2014, 07:35:10 AM
#23
Can BTC core developers on BTC, make changes to the protocol, to change almost all the functions? Or are part of it off limits?

Who decide, what changes can be made? Bitcoin foundation?

If one organization can decide, what changes can be made to the protocol, can it not be corrupted?

Where can I find documentation on this, or a thread discussing this? I have read Satoshi's white paper, so I understand the concept, but not how it's applied.
legendary
Activity: 3388
Merit: 4615
June 25, 2014, 09:07:24 AM
#22
From above post i found a Question as he say that if no one mine the difficulty will drop down..? really

Correct.

More specifically, if it takes longer than 20160 minutes to mine 2016 blocks, then difficulty will drop down.

.. then the miners have to stay afk for a week everyone..

Good luck convincing all the miners to stop creating blocks and stop earning money.

and .. i fount some important information that .. on 2140 years the bitcoin mining will be ended

The process of hashing new blocks and confirming transactions will continue.  The blocks just won't contain an inflationary subsidy anymore.

so no new coin will be generated

Correct.

and the difficulty cannot be reversed..

Huh
What?
No.
That's not right.
Why did you think that?

There are 21million bitcoins are in the world successfully mined ..

Actually, a bit less than that, but it's close enough.

and 1.5 million or 1million btc is of satoshi nakamoto

Or more.  Or less.  It's really difficulty to say with certainty, but there is convincing evidence that he probably owns somewhere between 1 million and 1.5 million.

he is the owner of the bitcoin.. Smiley

He is the owner of SOME bitcoins.  Not all of them.  I am the owner of SOME bitcoins also.  Are you?
legendary
Activity: 2954
Merit: 4158
June 25, 2014, 08:05:51 AM
#21
From above post i found a Question as he say that if no one mine the difficulty will drop down..? really .. then the miners have to stay afk for a week everyone.. and .. i fount some important information that .. on 2140 years the bitcoin mining will be ended so no new coin will be generated and the difficulty cannot be reversed.. There are 21million bitcoins are in the world successfully mined .. and 1.5 million or 1million btc is of satoshi nakamoto he is the owner of the bitcoin.. Smiley
Not a week, 2 weeks since difficulty changes every two weeks. What do you mean by the difficulty cannot be reversed? I believe it will still continue to retarget even after 21million btc are mined.
full member
Activity: 182
Merit: 100
June 25, 2014, 07:52:58 AM
#20
From above post i found a Question as he say that if no one mine the difficulty will drop down..? really .. then the miners have to stay afk for a week everyone.. and .. i fount some important information that .. on 2140 years the bitcoin mining will be ended so no new coin will be generated and the difficulty cannot be reversed.. There are 21million bitcoins are in the world successfully mined .. and 1.5 million or 1million btc is of satoshi nakamoto he is the owner of the bitcoin.. Smiley
legendary
Activity: 2954
Merit: 4158
June 24, 2014, 10:50:41 AM
#19
hi all.
The thoughts of my own,
if diff higher if someday bitcoin will still be mined?
of course, whether there might be a newer generation of hardware anymore?
sorry this is just mind I imagined, I was confused to this,
diff the higher the chance is getting no results to mine bitcoin
Obviously, if the difficulty is higher, more people would be mining. New ASICs and people with free electricity would come into the mining game. If no one is mining, the difficulty should drop.
sr. member
Activity: 448
Merit: 250
June 24, 2014, 10:46:26 AM
#18
hi all.
The thoughts of my own,
if diff higher if someday bitcoin will still be mined?
of course, whether there might be a newer generation of hardware anymore?
sorry this is just mind I imagined, I was confused to this,
diff the higher the chance is getting no results to mine bitcoin
hero member
Activity: 810
Merit: 1000
June 23, 2014, 07:02:16 PM
#17
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
Heck he had me confused till you chimed in there mister Wink
How could he do so? He can't? 51% of the network would have to use new client with edited diff in order to make this possible, no?
No, Satshosi has the power of veto within the depth of the Bitcoin prototcol. It is a little known sub-routine hard coded into cryptographic layers themselves and is known as the 'Kobayashi Maru subroutine'. If the Satsh unlocks it or adjusts it, the difficulty can be overcome releasing all 21million BTC in a shower of electronic love.

i'm pretty sure this is a joke

otherwise we would need to trust satoshi, and we'd trust the that my backdoor to never be found.

which is completely the opposite of what bitcoin represents.

Just helpiong with a correftion that follows the theme.  Grin
legendary
Activity: 1106
Merit: 1005
June 23, 2014, 07:17:54 AM
#16
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
Heck he had me confused till you chimed in there mister Wink
How could he do so? He can't? 51% of the network would have to use new client with edited diff in order to make this possible, no?
No, Satshosi has the power of veto within the depth of the Bitcoin prototcol. It is a little known sub-routine hard coded into cryptographic layers themselves and is known as the 'Kobayashi Maru subroutine'. If the Satsh unlocks it or adjusts it, the difficulty can be overcome releasing all 21million BTC in a shower of electronic love.

i'm pretty sure this is a joke

otherwise we would need to trust satoshi, and we'd trust the backdoor to never be found.

which is completely the opposite of what bitcoin represents.
hero member
Activity: 810
Merit: 1000
June 23, 2014, 06:15:46 AM
#15
You are all WRONG...King Satoshi can play a trump card of sparkling virtual unicorn cream across the entire blockchain thereby proving the lube for digits to freely explore the crypto-chain of unlimited BTC love
legendary
Activity: 2954
Merit: 4158
June 23, 2014, 03:25:24 AM
#14
Bitcoin Difficult can stop increase if no one mining Bitcoin again
because i guess difficult speed depend of how many miner
Actually, it is impossible for everyone to stop mining bitcoin. If no one mines it difficulty will decrease, difficulty will stay constant if the hashrates stays constant. Hashrates affect the network, not the amount of miners, one miner can have a few PH and increasing it every month and the difficulty will still increase.
full member
Activity: 252
Merit: 100
Streamity Decentralized cryptocurrency exchange
June 23, 2014, 03:21:58 AM
#13
Bitcoin Difficult can stop increase if no one mining Bitcoin again
because i guess difficult speed depend of how many miner
hero member
Activity: 810
Merit: 1000
June 22, 2014, 09:58:51 PM
#12
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
Heck he had me confused till you chimed in there mister Wink
How could he do so? He can't? 51% of the network would have to use new client with edited diff in order to make this possible, no?
No, Satshosi has the power of veto within the depth of the Bitcoin prototcol. It is a little known sub-routine hard coded into cryptographic layers themselves and is known as the 'Kobayashi Maru subroutine'. If the Satsh unlocks it or adjusts it, the difficulty can be overcome releasing all 21million BTC in a shower of electronic love.
hero member
Activity: 508
Merit: 500
Techwolf on #bitcoin and Reddit
June 22, 2014, 09:30:58 PM
#11
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
In fact, Satoshi can sell his bitcoins. This can affect the cost of bitcoins and difficulty.

Satoshi announcing a major flaw in bitcoin or claiming it to be worthless could have a similar effect, though after the amount of work he's put into it that's extremely unlikely (far more so than him simply reappearing and using some of the coins he mined).
legendary
Activity: 1260
Merit: 1019
June 22, 2014, 10:05:03 AM
#10
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
In fact, Satoshi can sell his bitcoins. This can affect the cost of bitcoins and difficulty.
sr. member
Activity: 434
Merit: 250
June 22, 2014, 05:05:48 AM
#9
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
Heck he had me confused till you chimed in there mister Wink
How could he do so? He can't? 51% of the network would have to use new client with edited diff in order to make this possible, no?
legendary
Activity: 1582
Merit: 1000
Well hello there!
June 22, 2014, 04:57:58 AM
#8
Satoshi can lower the difficulty whenever he wants Wink

You're going to confuse the newbies.
Heck he had me confused till you chimed in there mister Wink
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