I think the best way of analyzing your question would be to break the destruction of the Bitcoin into categories. There is the notion of a hard destruction meaning an attempt is made to physically compromise the Bitcoin network either by a 51% attack or international legislation. And there is the notion of a soft destruction, where attempts are made to De-...
I was checking out the Bitcoin website
There is no such thing. There are various communities and privately-run sites, but they are all distinct, and none are authoritative.
I believe that Bitcoin is not a private company
it's owned by its community
That's a matter of perspective. I would say it's not owned by anyone - not even any ...
If the entire core development team would be gone, a new team would need to take their place. I assume that the process might get political (some people wanting to push their agenda onto the project), and before the new devs would fully understand the system the innovation in the client might get stifled. It might also be likely that the Bitcoin Foundation ...
However, the paper is a high level overview of Bitcoin, and does not specify important parts of the protocol.
That's true, and Hal Finney noted this when the bitcoin paper was published to the metzdowd cryptography mailing list. (The Bitcoin paper was published before the Bitcoin source code.)
Unfortunately I am having trouble fully understanding the ...
The reward schedule and therefore the amount of bitcoins in circulation are central rules of the Bitcoin system. Changing the rules to create additional bitcoins would be incompatible with the protocol and in contradiction to the social contract the Bitcoin community formed around. Breaching this social contract that is central to Bitcoin would destroy ...
I'm 18 now but I used it while under 18. I faced no restriction. It was actually extremely helpful to me since I needed to buy some domains and hosting and credit cards, even pre paid ones, are illegal in my country for those under the age of 18. So, my experience was quite the opposite: I faced less restriction by using Bitcoin.
It is unlikely that the Blockstream business model requires small blocks. For Blockstream to succeed, Bitcoin will need to succeed independently or there will be limited demand and other devs will increase the block size and the model will fail anyway.
As far as I know, they don't have an explicit business model published anywhere. We do know that they are working on:
Side chains - a two-way peg that has fixed transfers of value from bitcoin to a sidechain and back.
Lightning network - a network of transactions that can be updated relatively quickly (seconds, theoretically) and provably given if the ...
Bitcoin-Qt is just one client. Yeah, it's the reference client, meaning that all other clients are expected to be compatible with it. So, the unity that Bitcoin-Qt espouses may disappear and it'd be up to the alt clients to work together with the community to decide on protocol enhancements ala BIP. I speculate that, in the worst case scenario, there may be ...
The Speculation board on the BitcoinTalk forum is nonstop speculation. That would probably be the best place to share your theories and analysis and to collaborate. Enjoy!.
There is a fair amount of discussion that falls under the category of speculation that also occurs on the #bitcoin-otc IRC channel.
And /r/bitcoin on Reddit seems to get its share of "...
There are four really authoritative places for Bitcoin-related information that I can think of.
The Bitcoin.org homepage, which is managed by the core Bitcoin developers. All names listed on that site and references made can be considered authoritative.
BitcoinTalk.org, this was the homepage for the Bitcoin community from the start. Most of the first ideas ...
is a forum where you can exchange with others in different languages:
There are separate forum sections for Indonesian, Spanish, Chinese, Croation, German, Greek, Hebrew, French, Indian, Italien, Dutch, Korean, Filipino, Polish, Portuguese, Russian, Romanian, Turkish and sections for a number of other languages.
A good starting point is Bitcoin.org website:
The site content is available in several international languages and provides a good overview of Bitcoin, and links to many helpful resources.
Coin Gecko (https://www.coingecko.com/en) has all sorts of metrics on what coins have active communities/developers. I'm not sure how exactly they measure each of these things, but it may be what you're looking for.
No-one decides literally for everyone. Miners make the decision to exploit one proposal rather than another one, so whenever miners disagree and don't follow one protocol to around 100% then a fork happens.
In this case (of B2X) it is the proposal of Segwit2x that will or will not be followed.
Quite the contrary. If a pool becomes too big it just earns more money. There is no punishment. Maybe some bad reputation, but not something the majority will even notice.
It has happened three times so far that pools reached hashpower majority or got too close to it: Deepbit, BTC Guild and GHash.
Only Eleuthria, operator of BTC Guild, handled this in a ...
and, as this is a community driven project, and everyone can support (and you can help in the efforts on translation), have a look here:
Andreas book "Mastering Bitcoin" has already been translated into many languages, and serves as a very good start into the matter.
There is the Mädchenabend in Berlin for Bitcoin-ladies only.
If you are curious about Bitcoin or already in love with it > and if you are a woman, you're in the right place! Since May 2014 we meet once a month in Berlin to chat about Bitcoin, share our knowledge, connect and -most important- have a lot of fun together! ---Girls and Women only!--- The ...
There is a Meetup for Women in Bitcoin in San Francisco. It might be helpful to try to get in touch with them as they might be able to point out a meetup near you or recommend an online community, unless you happen to be near there anyway.
Liberland: Europe’s Newly Formed Country to Use Bitcoin
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On April 13, 2015 the Free Republic of Liberland was officially formed by a group of Czech citizens. The newly formed country of Liberland is a three square mile plot of land between Serbia ...
Central banks buy (government-backed) debt and issue currency (paper or electronic money/credits) in exchange. The government then spends these newly issued paper or electronic credits and because the inflationary effect of the these being introduced isn't yet felt the government gets full purchasing power.
If the population refuses to use this currency ...
There are two meanings to "deficit financing":
Funding something by minting new currency.
Funding something by borrowing.
Obviously, you can't change how fast you mint Bitcoins. Perhaps that's what he meant. It tends to not be very useful, though.
However, it's very possible to have debts denominated in Bitcoin, just as you can have debts denominated in ...
In many cases a government could effectively shutdown bitcoin in its country by making the following law:
No licensed or regulated financial institution can exchange currency for bitcoin.
Since taxes and fees for government services must be paid in currency, if I receive bitcoin for services, I would have to exchange the bitcoin for something else that ...