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Questions tagged [governance]

Concerned with questions about decisions on how the network is run, who is in control, and how the development process is governed.

9
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3answers
797 views

How is Bitcoin governed by mathematics?

I keep hearing talks from Bitcoin evangelists that claim Bitcoin isn't governed by any central authority, rather it's governed by mathematics. What exactly do they mean when they say "governed by ...
2
votes
1answer
51 views

How would a governmental Bitcoin ban work in practice?

How does a potantial Bitcoin ban work in practice in a regime that a.) at least partially allows access to the Internet, and b.) has at least one payment system that is not closely monitored by the ...
1
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0answers
26 views

Miners and Nodes: what are their role in protocol updates?

What are the different roles of miners and nodes for protocol updates (governance)? Which group is more important?
0
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0answers
24 views

How to build a Dash Ninja Front-End

I am research about budget in a altcoin and i realize that it will show infomation with web like https://www.dashninja.pl/. But i can't find any docs or tutorial to set up it. Pls help me. Thank you.
1
vote
1answer
38 views

Is it possible for the government to censor bitcoin by blocking ports?

I am not very clear about the detailed aspect of the ports. My concern is, is it possible for the ISPs to block these ports of bitcoin clients and therefore censor bitcoin, even if the internet is ...
1
vote
2answers
115 views

How hard it is to destroy BitCoin system if the government leaders decide to do this?

Just wondering, since the government controls the physical internet. The Bitcoin system could be somehow destroyed by the governments. I'm just wondering if they want to do this, is it technically ...
2
votes
2answers
76 views

How is the human end of the Bitcoin network secured?

Being devil's advocate right now. If you have a very strong cryptography, however, secure system's Point of Failure is always the human end. We spend hours trying to make Bitcoin secure at core level,...
1
vote
2answers
996 views

Tezos vs Decred

What are the main differences between Decred and Tezos ? Both integrate a governance mechanism so they don't seem very different to me.
0
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1answer
88 views

Is there any central management of public and private key pairs in blockchain?

Is there any entity in the blockchain that maintains record and manages public/private key pairs of all the users?
1
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3answers
392 views

Who Really Controls Bitcoin?

Source: https://steemit.com/bitcoin/@dantheman/who-really-controls-bitcoin This article suggests that governments and electricity companies have the power to control bitcoin. Any truth in this ...
2
votes
1answer
79 views

Who controls the Payment Hub in tumblebit?

Who controls the "Payment Hub" in tumblebit? Is it another protocol or company or is there something else / someone else involved?
2
votes
0answers
379 views

How will Bitcoin and the Blockchain scale in the future?

I wonder how the whole Bitcoin blockchain system will scale in the future. Given the fact that the size of the blockchain will grow exponentially (roughly a tenfold every ~3 years, looking at the ...
2
votes
2answers
2k views

How does miner voting work?

I always here people talk about miners being able to "vote" on certain things using the block chain. So here are my questions: 1) who gets to ask the questions? 2) what type of questions are being ...
2
votes
2answers
96 views

Are the miners to decide if a consensus rule is accepted or not? Or are the buyers in power?

I get the impression that every time a consensus rule change is suggested then people assume that the miners/mining pools have the last word if this rule accepted or not. But isn't it up to the buyers?...
3
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6answers
7k views

Who issues bitcoins and how?

I can't find information on who actually issues the bitcoins. I understand that miners generate new bitcoins but what party is responsible for issuance?
0
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1answer
119 views

Any supervisory power on earth to ensure that Bitcoin system will remain resilient if hashing conditions change rapidly?

Assume that Bitcoin value versus the “fiat money” is of great significance and imagine suddenly discounted by 50% or more, the current pools are not in money any more, stop hashing. The current ...
8
votes
2answers
580 views

Can miners reject transactions from an address?

It is alleged that the stolen Bitstamp coins are in this address. In theory, could miners agree to reject all transactions from this address? And if so, would all miners need to agree or just more ...
3
votes
2answers
109 views

Is Bitcoin a developer only currency and community?

The Bitcoin repo on Github has 7 members. Ultimately, they decide what bug fixes and pull requests get merged. I don't understand how this is decentralized? Yes, it is open source, so anything they do ...
2
votes
2answers
696 views

How does the network adjust the rate at which the coins are created?

Who runs the Bitcoin network, and how do they adjust the rate at which the coins are created?
6
votes
2answers
427 views

How do we know that the algorithm of Bitcoin does not embed bugs since inception?

I'm new to Bitcoin. My understanding as a trained economist (and not a programmer or IT expert) is that the key selling point of Bitcoin is the assignment of monetary policy prerogatives to an ...
5
votes
1answer
119 views

Is it technically feasible to “shun” particular bitcoin wallets?

Bitcoin is supposed to be an apolitical currency, but the United States reportedly gained some leverage by amassing over 27,000 bitcoins — and counting. (People seem to be jumping at the ...
13
votes
3answers
6k views

How is a hard fork resolved?

In March 2013 there was a fork following the v0.8 release. The issue was resolved rather efficiently, as explained in the post-mortem report. However in this process there were winners and losers: the ...
9
votes
3answers
692 views

Is it possible for the miners to collude to blackmail a single wealthy address?

Imagine if a few miners who together control more than 50% of the network hash power decided to charge higher transaction fees just for addresses containing really large sums. For example, this ...
9
votes
3answers
1k views

Do “the official bitcoin developers” control Bitcoin?

Is there one person or organization that controls Bitcoin? What if Gavin Andresen, the lead developer, or Bitcoin Foundation, "the official bitcoin organization", decide to change something? What if ...
4
votes
2answers
29k views

How does bitcoin make profit?

I am wondering how the Bitcoin program makes profit if there are no advertisements or taxes? How do the owners make money off of this?
1
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0answers
247 views

Are the miners concerned with what the pool operators do with their hashpower?

I've stumbled upon a few posts on the Bitcoin forum about miners claiming that they don't care what the pool operators do with their hashing power as long as they are paid, and some others that are ...
5
votes
1answer
387 views

What can a person do with special private keys?

The Alert message in the Standard Client will only be displayed if it is signed with a correct ECDSA private key. Should anyone get that private key, they would be able to propagate any alert through ...
12
votes
4answers
3k views

Who controls the Bitcoin software?

Is there anything comparable to a "board of directors" for Bitcoin or is the software on complete cruise-control?