Who is balls deep in bitcoin? Who knows it inside and out? Who can explain the ultimate goal of bitcoin?
Being that since bitcoin was released in 2009, the person(s) who created it should be balls deep in the project. They should have the know-how on everything about it. They should know how it was programmed (according to wiki, it was written in forth); so who is leading the bitcoin by being the most knowledgeable?
Comments keep getting deleted for an odd reason.
The owners of these pools do not own other people's hashpower.
You are running their software. That is all you are doing when you join a pool. You agree to *their terms and conditions. You are joining a pool or a node.
What you don't understand is the fact that if the gov came to shut down or control a pool( even tho they would literally gain nothing from doing so) poeple would see this and immediately leave the pool and join another.
The government would "control" a pool to seize (stolen) coins. A node is in the business to make money, not fight government. Nodes have invested millions of dollars into hardware. Just because some schmuck in his moms basement leaves a pool, nobody will fucking care. The big guys dont have your mentality. They want to make money. They will obey. Like I said, email Mike if you dont believe me ;)
I can join ANYONES operation at any fuck!n time.
Dude, you are running a damn laptop from your moms basement. No one fucking cares if you leave a pool.
Nothing is stopping anyone from doing so and even if the police handcuffed the ceo of one of these pools and said " give me all the hashpower" they literally cannot stop poeple from pulling out because they don't control everyone's hashpower. If the police even considered doing something so dumb, that pool would be emptier faster than you can say I don't understand what I'm talking about.
The pool would obey, you'd continue running their software. Again, a node is there to make money, not be anarchists or fight the government.
These pools cannot re-write or take away ANY transactions without a re org of the Blockchain. You seriously don't understand what you are talking about. Once it's in the Blockchain and validated, there is no way to un do that transaction....
Miners wouldn't "undo" a tx. They would simply accredit an address with x number of coins, and discredit the address the coins came from. The history would remain on the blockchain.
Now once again, and don't ignore this question this time. What's the difference between a Bitcoin miner and a Bitcoin node.
The definition of a node is in the whitepaper:
The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers.
A "bitcoin miner" is NOT mentioned in the whitepaper. Sorry.
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