You control the Bitcoin network, what is your next step?

devil11

sr. member

Activity: 398

Merit: 250

Only a single person can control whole of it ! Impossible.
This currency works around million people's in a long chain. So how one can take charge of it ? I think currency is always in the hands of traders and there are a lot of traders around here.
OK, by the way, if it happens true, then first of all I will transfer my amount to my bank cash it out. Will go out for some fresh walk and spend money for joys and entertainment. Grin

Maesters1-

sr. member

Activity: 252

Merit: 250

if you have the control of bticoin then what can i do. i am just like a dummy. but i will try to safe my accounts. but if you have the control of bitcoin then it carry no meaning for me to do any thing.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

Time to suck up and become a good friend of yours .

European Central Bank

legendary

Activity: 1288

Merit: 1087

program out the mining pools. level out the diminshing of the block reward so it's constant curve. get some more on chain scaling going.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

There's none specific to control bitcoin, each and every user who are a part of bitcoin were controlling as a whole.

Kprawn

legendary

Activity: 1904

Merit: 1074

Well, you will control nothing, once people decide to sell their bitcoins and to start buying some other Alt coin.... Wink

When this technology comes under threat from centralized control, people will just

move on to the next thing. There are some people who would not care if Bitcoin were controlled by a single entity, and only cared if it work.... but we know what dangers lurk in centralized control, like

PayPal and banks.. so I will exit the scene once this happens.... out of principle. Sad

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

I will just leave using bitcoin and trusting centralized bitcoin network , there is no point to use centralized crypto. LOL

Labumi

hero member

Activity: 756

Merit: 500

Quote from: ajareselde on July 03, 2016, 09:16:39 AM

It wouldnt matter what would you do. If we imagine that by some chance bitcoin gets centralized , people would abandon it.
Anything you would do would probably be for benefit of some kind, and people would not want to be a part of it. What would you do op ?

I think everyone will be doing things that could benefit him alone. But behind all that he's done will impact badly on the survival and growth of the bitcoin.

unamis76

legendary

Activity: 1512

Merit: 1012

Quote from: BlackPanda on July 03, 2016, 10:03:03 AM

Quote from: unamis76 on July 03, 2016, 10:00:38 AM

The next step would be turning off one's miners or direct them to a small pool.

yes at the end of mining will be lost. gradually everything will disappear over time.

Mining would most likely not end if a good hashrate balance was achieved after a threat of >51% control, as has happened in the past (and the hashrate keeps growing).

Mr Felt

hero member

Activity: 493

Merit: 518

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

To make you prove it. Tongue

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: unamis76 on July 03, 2016, 10:00:38 AM

The next step would be turning off one's miners or direct them to a small pool.

yes at the end of mining will be lost. gradually everything will disappear over time.

unamis76

legendary

Activity: 1512

Merit: 1012

The next step would be turning off one's miners or direct them to a small pool.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

I leave Bitcoin right away and find another, 100 % decentralized crypto currency.
No way I will stay here if Bitcoin become centralized or somebody can control it.
It's against basic idea of Bitcoin, decentralization and freedom.

jukka

sr. member

Activity: 259

Merit: 250

Quote from: GreenBits on July 03, 2016, 09:25:03 AM

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

Make everyone sit down and figure out this blocksize bullshit. It's our major issue at the moment; clarity on this would do alot to mend the entire ecosystem.

this is my thinking as well!

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: Frost on July 03, 2016, 09:10:01 AM

I control the Bitcoin network, Shocked

what are your next steps?

Make everyone sit down and figure out this blocksize bullshit. It's our major issue at the moment; clarity on this would do alot to mend the entire ecosystem.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

It wouldnt matter what would you do. If we imagine that by some chance bitcoin gets centralized , people would abandon it.
Anything you would do would probably be for benefit of some kind, and people would not want to be a part of it. What would you do op ?

Frost

hero member

Activity: 602

Merit: 508

I control the Bitcoin network, Shocked

what are your next steps?

Topic: You control the Bitcoin network, what is your next step? (Read 549 times)