Topic: Why the Bitcoin rules can't change (reading time ~5min) (Read 12046 times)
Every attempt to change anything would have to be open and public, and once again you'd have your freedom to choose without being lied to.
I think the reason behind why bitcoin rules can’t change because this is a long life rules that makes by the owner of this business to build a braver foundation of the business in this industry
I don't think this regulation will change as long as the 21 million Bitcoin limit has not been met. Because bitcoin is a global currency, of course the rules are uniform, there is no difference between one country and another. After the limit of 21 million bitcoin has passed everything can happen, for example, the price will soar or fall into cheap, also unknown. Also the rules that accompany it, whether it will be maintained with risks remain banned in some countries or there is a compromise in order to become the world currency, time will answer because bitcoin was created as a digital currency used globally. Actually there’s a possibility that bitcoin can govern the whole world if all of the countries in this world is not lack of technology and not only basing from norms and tradition
because as of now we born in the different generation and that thing called generation build some changes to the years that past and past.
I believe things cannot change easily in the world of crypto and for this matter bitcoin. I believe most of the issues with bitcoin are mostly controlled by major stakeholders. For instance, when it comes to the issues of transaction fees and speed, they are mostly determined by miners and that is how things have been for a very long time. because as of now we born in the different generation and that thing called generation build some changes to the years that past and past.
Bitcoin rules can revolutionize the supply chain industry. For me, the bitcoin rules can not be changed as this set of rules is created to build a firmer foundation for the business in the industry to gain respect and trust by following the rules. And this rule is called for the interests of investors inside this enterprise to balance the unity of the business.
ohh too long . but this post is great man. thanks you. can you post the other one like this in the future
Well the title is a lie. Of course they can change and they already have changed in the past. But if this is bad news to you and you were lead to believe something else, don't fret, it's not all bad. Here, let me try and give you the bigger picture about rules in Bitcoin and who it is that you need to trust that they won't change to something you won't like.
First there's a myths that I want to address. I also want to make sure the community pays attention to this issue. Because as Ben Franklin told a woman the Americans got a republic if they can keep it (turns out they couldn't) so too I'm here to tell you that you have an excellent money system on your hands, if you can keep it.
Myth: Miners set the rules by voting
False. Miners do not vote, they validate. They check that transactions meet the rules and then they add them into a block and add it to the blockchain. If a subset of miners decide that a certain rule should be changed what happens ISN'T that all miners now validate transactions according to the new rule even if the subset has the majority of hashing power, instead a so called hard fork happens and some miners validate transactions that obey the new rules and those who stick with the old rules ignore them and by virtue of ignoring each other they split into two peer to peer networks.
But what if all miners suddenly switch to new rules? Can they do this? Is there something that stops them? Answer: YES, EVERY NON MINING FULL NODE
I mean this is critical for every Bitcoin user to understand. Bitcoin is a decentralized system, in which if you run a full node YOU HAVE A SAY in what rules are to be followed. Because once the miner adds a new block they send it around across the network and when it gets to you, your client also validates. It validates that the miner validated the transactions and added them into a block and into the blockchain following the right rules, rules that you gave your EXPLICIT consent to when you downloaded the Satoshi client. If all of the sudden all miners started validating according to some new rules, your client is coded to simply ignore them and as soon as just 1 miner following rules your client accepts as valid shows up, the network can continue to operate under these same rules.
The ONLY way for rules to ever change for you is if YOU PERSONALLY download a new client version with new rules. I cannot stress enough how important this is. This so important that it should be paramount for anyone who has any significant wealth in Bitcoin to run your own full node regardless of the costs that brings to you. I myself do it too even though I don't even use the client for anything else.
Now this doesn't mean you should never accept new rules in a new client. In fact you already did because those new rules solved a technical problem. But if you want to keep the Bitcoin money system running under the principles that it is built upon today (FINITENESS, TANGIBILITY, TRANSPARENCY, ANONYMITY, SECURITY, DECENTRALIZATION, SELF-OWNERSHIP, INTEGRITY, PRACTICALITY, RATIONALISM) it is paramount that any such rule changes do not immediately or down road preclude you from being able to run a full node. Because if you can't run a full node and you trust someone else to do it for you, then you have effectively given away your power to have say about what rules Bitcoin follows.
Right now you are a sovereign in Bitcoin. You should never give that up, under any circumstance.
What do I mean with sovereign? Well there's nothing anyone could possibly do that can make you accept rules you didn't agree with. Nothing. You yourself have to decide to consent to a rule change. But if running a full node becomes impossible for you then all that which you were told about Bitcoin, that rules virtually can't change, that it has a strict limit of 21million, ect, all these rules will then be left to be decided by a small number of super nodes and the people who control them. The second this becomes reality Bitcoin will be no different than simply a slightly more transparent Paypal. And if you don't want that you better make damn sure you can run a full node.
First there's a myths that I want to address. I also want to make sure the community pays attention to this issue. Because as Ben Franklin told a woman the Americans got a republic if they can keep it (turns out they couldn't) so too I'm here to tell you that you have an excellent money system on your hands, if you can keep it.
Myth: Miners set the rules by voting
False. Miners do not vote, they validate. They check that transactions meet the rules and then they add them into a block and add it to the blockchain. If a subset of miners decide that a certain rule should be changed what happens ISN'T that all miners now validate transactions according to the new rule even if the subset has the majority of hashing power, instead a so called hard fork happens and some miners validate transactions that obey the new rules and those who stick with the old rules ignore them and by virtue of ignoring each other they split into two peer to peer networks.
But what if all miners suddenly switch to new rules? Can they do this? Is there something that stops them? Answer: YES, EVERY NON MINING FULL NODE
I mean this is critical for every Bitcoin user to understand. Bitcoin is a decentralized system, in which if you run a full node YOU HAVE A SAY in what rules are to be followed. Because once the miner adds a new block they send it around across the network and when it gets to you, your client also validates. It validates that the miner validated the transactions and added them into a block and into the blockchain following the right rules, rules that you gave your EXPLICIT consent to when you downloaded the Satoshi client. If all of the sudden all miners started validating according to some new rules, your client is coded to simply ignore them and as soon as just 1 miner following rules your client accepts as valid shows up, the network can continue to operate under these same rules.
The ONLY way for rules to ever change for you is if YOU PERSONALLY download a new client version with new rules. I cannot stress enough how important this is. This so important that it should be paramount for anyone who has any significant wealth in Bitcoin to run your own full node regardless of the costs that brings to you. I myself do it too even though I don't even use the client for anything else.
Now this doesn't mean you should never accept new rules in a new client. In fact you already did because those new rules solved a technical problem. But if you want to keep the Bitcoin money system running under the principles that it is built upon today (FINITENESS, TANGIBILITY, TRANSPARENCY, ANONYMITY, SECURITY, DECENTRALIZATION, SELF-OWNERSHIP, INTEGRITY, PRACTICALITY, RATIONALISM) it is paramount that any such rule changes do not immediately or down road preclude you from being able to run a full node. Because if you can't run a full node and you trust someone else to do it for you, then you have effectively given away your power to have say about what rules Bitcoin follows.
Right now you are a sovereign in Bitcoin. You should never give that up, under any circumstance.
What do I mean with sovereign? Well there's nothing anyone could possibly do that can make you accept rules you didn't agree with. Nothing. You yourself have to decide to consent to a rule change. But if running a full node becomes impossible for you then all that which you were told about Bitcoin, that rules virtually can't change, that it has a strict limit of 21million, ect, all these rules will then be left to be decided by a small number of super nodes and the people who control them. The second this becomes reality Bitcoin will be no different than simply a slightly more transparent Paypal. And if you don't want that you better make damn sure you can run a full node.
lesson for me
i like to read some post like this. i find the answer about this question in the internet. but when i read i don't really understand. but i i can. thank you
I thank all parties, OP. I strongly agree. That's why when I bring up the size of the developing blockchain, the "thin client use" response doesn't work for me. Everyone must run at least one full client. And mine if possible. But the size of the developing blockchain is a problem. I would love to have a good way to share the load of having a full node among several machines in my home network. Thanks
The system has been working for many years and if the rules regarding bitcoin now change, then there will be a lot of dissatisfied, especially now that every day more pain and more people are entering bitcoin every day.
Currently it is not a viable option for most people to be able to walk as a knot in the not-too-distant future. For the problem of bandwidth and space only increases with further bitcoin reception. Both clients who have to change with all of them are needed like developers who decide on a rule change or more people have to stop by running the full knot is when it is no longer feasible for them later. 
wow long post bro, I got about 144 characters in before I gave up.
I earn bitcoin from airdrop campaigns and bounty campaigns
I think it can not fail, it is on the rise
I think it can not fail, it is on the rise
That's just a mere issue, bitcoin has changed by 2017 bitcoin technology is decentralized blockchain technology, security and rationalist self-ownership. Currently, there is bitcoin strength in the crypto currency in the crypto market.
Well the title is a lie. Of course they can change and they already have changed in the past. But if this is bad news to you and you were lead to believe something else, don't fret, it's not all bad. Here, let me try and give you the bigger picture about rules in Bitcoin and who it is that you need to trust that they won't change to something you won't like.
First there's a myths that I want to address. I also want to make sure the community pays attention to this issue. Because as Ben Franklin told a woman the Americans got a republic if they can keep it (turns out they couldn't) so too I'm here to tell you that you have an excellent money system on your hands, if you can keep it.
Myth: Miners set the rules by voting
False. Miners do not vote, they validate. They check that transactions meet the rules and then they add them into a block and add it to the blockchain. If a subset of miners decide that a certain rule should be changed what happens ISN'T that all miners now validate transactions according to the new rule even if the subset has the majority of hashing power, instead a so called hard fork happens and some miners validate transactions that obey the new rules and those who stick with the old rules ignore them and by virtue of ignoring each other they split into two peer to peer networks.
But what if all miners suddenly switch to new rules? Can they do this? Is there something that stops them? Answer: YES, EVERY NON MINING FULL NODE
I mean this is critical for every Bitcoin user to understand. Bitcoin is a decentralized system, in which if you run a full node YOU HAVE A SAY in what rules are to be followed. Because once the miner adds a new block they send it around across the network and when it gets to you, your client also validates. It validates that the miner validated the transactions and added them into a block and into the blockchain following the right rules, rules that you gave your EXPLICIT consent to when you downloaded the Satoshi client. If all of the sudden all miners started validating according to some new rules, your client is coded to simply ignore them and as soon as just 1 miner following rules your client accepts as valid shows up, the network can continue to operate under these same rules.
The ONLY way for rules to ever change for you is if YOU PERSONALLY download a new client version with new rules. I cannot stress enough how important this is. This so important that it should be paramount for anyone who has any significant wealth in Bitcoin to run your own full node regardless of the costs that brings to you. I myself do it too even though I don't even use the client for anything else.
Now this doesn't mean you should never accept new rules in a new client. In fact you already did because those new rules solved a technical problem. But if you want to keep the Bitcoin money system running under the principles that it is built upon today (FINITENESS, TANGIBILITY, TRANSPARENCY, ANONYMITY, SECURITY, DECENTRALIZATION, SELF-OWNERSHIP, INTEGRITY, PRACTICALITY, RATIONALISM) it is paramount that any such rule changes do not immediately or down road preclude you from being able to run a full node. Because if you can't run a full node and you trust someone else to do it for you, then you have effectively given away your power to have say about what rules Bitcoin follows.
Right now you are a sovereign in Bitcoin. You should never give that up, under any circumstance.
What do I mean with sovereign? Well there's nothing anyone could possibly do that can make you accept rules you didn't agree with. Nothing. You yourself have to decide to consent to a rule change. But if running a full node becomes impossible for you then all that which you were told about Bitcoin, that rules virtually can't change, that it has a strict limit of 21million, ect, all these rules will then be left to be decided by a small number of super nodes and the people who control them. The second this becomes reality Bitcoin will be no different than simply a slightly more transparent Paypal. And if you don't want that you better make damn sure you can run a full node.
First there's a myths that I want to address. I also want to make sure the community pays attention to this issue. Because as Ben Franklin told a woman the Americans got a republic if they can keep it (turns out they couldn't) so too I'm here to tell you that you have an excellent money system on your hands, if you can keep it.
Myth: Miners set the rules by voting
False. Miners do not vote, they validate. They check that transactions meet the rules and then they add them into a block and add it to the blockchain. If a subset of miners decide that a certain rule should be changed what happens ISN'T that all miners now validate transactions according to the new rule even if the subset has the majority of hashing power, instead a so called hard fork happens and some miners validate transactions that obey the new rules and those who stick with the old rules ignore them and by virtue of ignoring each other they split into two peer to peer networks.
But what if all miners suddenly switch to new rules? Can they do this? Is there something that stops them? Answer: YES, EVERY NON MINING FULL NODE
I mean this is critical for every Bitcoin user to understand. Bitcoin is a decentralized system, in which if you run a full node YOU HAVE A SAY in what rules are to be followed. Because once the miner adds a new block they send it around across the network and when it gets to you, your client also validates. It validates that the miner validated the transactions and added them into a block and into the blockchain following the right rules, rules that you gave your EXPLICIT consent to when you downloaded the Satoshi client. If all of the sudden all miners started validating according to some new rules, your client is coded to simply ignore them and as soon as just 1 miner following rules your client accepts as valid shows up, the network can continue to operate under these same rules.
The ONLY way for rules to ever change for you is if YOU PERSONALLY download a new client version with new rules. I cannot stress enough how important this is. This so important that it should be paramount for anyone who has any significant wealth in Bitcoin to run your own full node regardless of the costs that brings to you. I myself do it too even though I don't even use the client for anything else.
Now this doesn't mean you should never accept new rules in a new client. In fact you already did because those new rules solved a technical problem. But if you want to keep the Bitcoin money system running under the principles that it is built upon today (FINITENESS, TANGIBILITY, TRANSPARENCY, ANONYMITY, SECURITY, DECENTRALIZATION, SELF-OWNERSHIP, INTEGRITY, PRACTICALITY, RATIONALISM) it is paramount that any such rule changes do not immediately or down road preclude you from being able to run a full node. Because if you can't run a full node and you trust someone else to do it for you, then you have effectively given away your power to have say about what rules Bitcoin follows.
Right now you are a sovereign in Bitcoin. You should never give that up, under any circumstance.
What do I mean with sovereign? Well there's nothing anyone could possibly do that can make you accept rules you didn't agree with. Nothing. You yourself have to decide to consent to a rule change. But if running a full node becomes impossible for you then all that which you were told about Bitcoin, that rules virtually can't change, that it has a strict limit of 21million, ect, all these rules will then be left to be decided by a small number of super nodes and the people who control them. The second this becomes reality Bitcoin will be no different than simply a slightly more transparent Paypal. And if you don't want that you better make damn sure you can run a full node.
very true, it should be understood that running full node is important to maintain the network and its stability, same way as it's crucial for mining power to be decentralized.
I think the reason behind why bitcoin rules can’t change because this is a long life rules that makes by the owner of this business to build a braver foundation of the business in this industry
Yes of course, will bitcoin in last forever because like I always said they are the best company over all companies in this business
because they are most demand business in this industry because through their credibility ability and great performances that everyone is looking out so this the reason why it is.
because they are most demand business in this industry because through their credibility ability and great performances that everyone is looking out so this the reason why it is.
Actually there’s a possibility that bitcoin can govern the whole world if all of the countries in this world is not lack of technology and not only basing from norms and tradition
because as of now we born in the different generation and that thing called generation build some changes to the years that past and past.
because as of now we born in the different generation and that thing called generation build some changes to the years that past and past.
For me bitcoin rules can’t change because this set of rules is make to build a stronger foundation of the business in this industry to gain respect and trust
by following the set of rules and this called rules is for the own good of the investors inside of this business to balance the unity of the business.
by following the set of rules and this called rules is for the own good of the investors inside of this business to balance the unity of the business.
Distributed ledger puts both security and transparency which could possibly revolutionise the industrial supply chain soon.
Jump to: