Topic: How did it all start? Who generated the genesis block? (Read 1048 times)
He Needs Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Wouldnt it be CRAZY if someone, not me ofcoarse, mined block zero with a dell d830 laptop and cpu miner more then a few years after block 1 was mined and used satohi nakamoto as their alies because they were scared shitless and had no clue what happened cause everyone they asked said block zero was nothing then not more then a month after their laptop was stolen by the person who was supposed to be closest to them and they gave it to their friend who died a few months after and the laptop was gone forever. Their kids will not have the life that was theirs by right because she gave it away. But Satoshi still looks for his data to this day, he knows its forever saved in the blockchain and tries to get back what was stolen from him. he has seen his data online, Taras here on bitcointalk has his jonny1000thetimes from his computer and he has asked by email for help regaining his data. 2013 was CRAZY. Im just saying WHAT IF?
But what guarantees everyone will use the same difficulty? How is the difficulty globalized?
That's the protocol. Every bitcoin full node will verify that each new block respects the difficult factor. If somebody starts producing/accepting blocks which don't follow this rule, s/he will end up with forked chain.
There's no "hard guarantee" that a good number of people won't switch to a different chain that doesn't follow the current rules. It just hasn't happened yet and I don't think it's likely to happen any time soon.
Is there something embedded in the genesis block that regulates difficulty? If not, then who decides difficulty, wouldn't a central authority (yikes) need to decide the difficulty level?
It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
the client will not accept a block with a lower difficulty, then it takes to generate a block on avg. 10 min.It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
there will be on avg. 1 block per 10 min, at some difficulty. but if there are generated more blocks for 10 min. the clients will adjust the difficulty, so there will be generated a block per 10 min, again. if it takes more time the oppsite will happen: slow block generation -> lower difficulty.
hoped it helped
Amazing.
But what guarantees everyone will use the same difficulty? How is the difficulty globalized?
Is there something embedded in the genesis block that regulates difficulty? If not, then who decides difficulty, wouldn't a central authority (yikes) need to decide the difficulty level?
It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
the client will not accept a block with a lower difficulty, then it takes to generate a block on avg. 10 min.It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
there will be on avg. 1 block per 10 min, at some difficulty. but if there are generated more blocks for 10 min. the clients will adjust the difficulty, so there will be generated a block per 10 min, again. if it takes more time the oppsite will happen: slow block generation -> lower difficulty.
hoped it helped
Amazing.
But what guarantees everyone will use the same difficulty? How is the difficulty globalized?
Is there something embedded in the genesis block that regulates difficulty? If not, then who decides difficulty, wouldn't a central authority (yikes) need to decide the difficulty level?
It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
the client will not accept a block with a lower difficulty, then it takes to generate a block on avg. 10 min.It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
there will be on avg. 1 block per 10 min, at some difficulty. but if there are generated more blocks for 10 min. the clients will adjust the difficulty, so there will be generated a block per 10 min, again. if it takes more time the oppsite will happen: slow block generation -> lower difficulty.
hoped it helped
Difficulty: https://en.bitcoin.it/wiki/Difficulty
And I would presume Sotoshi generated the genesis block, but I have no actual confirmation on that.
And I would presume Sotoshi generated the genesis block, but I have no actual confirmation on that.
You could very easily start by reading the bitcoin wiki http://en.wikipedia.org/wiki/Bitcoin
I already read that a few times, I'm asking a specific question about who made the genesis block, and how difficulty level is implemented.
You could very easily start by reading the bitcoin wiki http://en.wikipedia.org/wiki/Bitcoin
Is there something embedded in the genesis block that regulates difficulty? If not, then who decides difficulty, wouldn't a central authority (yikes) need to decide the difficulty level?
It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
It seems so baffling to me, like asking where did the universe come from. But I'm intent on learning.
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