Satoshi Nakamoto created bitcoin and did it also have the authority to turn it off?
With many people's understanding of bitcoin, Bitcoin is still considered software controlled by the founders / teams.
In fact, decentralization and open source are not just about the spread of books and accounts across nodes, but also the updating and modification of software. Not to mention Satoshi, just a few months ago core insisted segwit, miners want to increase the block size, noisy for several years did not talk together. In the end, bifurcate at least 8 branches. However, the most recognized market, the highest market value, or core team version. All those erroneous ideas of the bitcoin community's disruption as a bitcoin's destruction can all be stopped. Because the community has been divided many times, so what? No matter how the price fluctuates, bitcoin and a bunch of branches are still up and running.
The consensus of deconcentration is not someone who does not recognize it. It does not happen if all people reach a consensus, but only if some people reach a consensus. Nakamoto to make any changes is nothing more than a founder aura, to win more supporters. But apart from that, it is no different from now that all other forces are trying to promote their own changes. Some people say that the Nakamoto currency issue miners dug the n-th block of the program, it will only encourage miners to increase investment in mining machine, to compete for that extra bonus only. If there is a bunch of miners who refuse to accept these extra bonuses (such as they did not grab it), it's entirely possible that a branch will not recognize this extra bonus. The bifurcation and struggle that occurred in the bitcoin community described in the first half of the paragraph was the same as the embodiment of bitcoin's ecological vitality rather than the source of the collapse.
The real collapse only the following possibilities
- Asymmetric encryption algorithms used by bitcoin are cracked and keys can be derived from the public key at a lower cost.
2.Block hash algorithm is cracked, all-zero hash result (POW loss of function) can be obtained with very low cost. Bitcoin is not dug, on the break to unlock, the address of all coins are directly planed out. - When a near-perfect branch, originally captured most of the market share of other branches (no effect on the original wait-people), and this bifurcation is not called Bitcoin, successfully replaced bitcoins (bitcoin is this collapse Or upgrade everyone's opinion).
- Out of the market by other independent, better-used currencies.
At present there are no signs of these kinds of situations. If the encryption algorithm level have shaken factions to promote their heart encryption algorithm it will launch its own troops early bifurcation (in fact there are many cottage coins are "anti quantum computing" as a gimmick).
There is indeed an organized clash of attacks on bitcoin addresses and some gains. Because the count collision attack force consumed, well below the normal force operators to obtain bitcoin address the needs of such attacks has already proven to be profitable. However, the attack did not steal these organizations also address the impact of the discovery, but the announcement of this vulnerability, their purpose is to prove to everyone, collision attack is the Bitcoin really big risk!
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