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Title: What would the perfect "upgraded bitcoin" look like, perform like? Post by: decentralizd on February 22, 2017, 12:34:54 AM Everyone is constantly going back and forth about which coin is better and why and I always was curious..
What exactly does a perfect Bitcoin upgrade look like? Obviously some form of Anonymizing tech would be required, something to help speed up transactions and yet another upgrade to help spread out miners in a more decentralized fashion... but what ELSE could an upgraded Bitcoin consist of? ??? ??? ??? Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: Henkkaa on February 22, 2017, 07:58:02 AM Fully decentralized miners is a thing that would really help with all the concerns. Faster and cheaper transactions are something that would make bitcoin even better and more popular. Something that makes bitcoin 100% anonymoys, not pseudonymous anymore.
I'd say those are the 3 things are the ones that would make bitcoin a "perfect cryptocurrency" Also some integration of Ethereum technology could be good for bitcoin. Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: shinratensei_ on February 22, 2017, 09:18:27 AM Everyone is constantly going back and forth about which coin is better and why and I always was curious.. Just upgrade the bitcoin to similar with litecoin. with the fastest block and will be fixing all of the problems of bitcoin. Bitcoin is no need an anonymity. Bitcoin already far away from the centralized system. with the nodes spreads around the world. What exactly does a perfect Bitcoin upgrade look like? Obviously some form of Anonymizing tech would be required, something to help speed up transactions and yet another upgrade to help spread out miners in a more decentralized fashion... but what ELSE could an upgraded Bitcoin consist of? ??? ??? ??? Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: Zadicar on February 22, 2017, 10:19:58 AM Perfect upgraded bitcoin? Then it would be called as bitcoin 2.0 but i think it wouldnt happen since we cant really control or modify bitcoin and the thing we do witness would still really remains.I just hoping that they could able to fix transaction times.
Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: Ayers on February 22, 2017, 11:13:51 AM Fully decentralized miners is a thing that would really help with all the concerns. Faster and cheaper transactions are something that would make bitcoin even better and more popular. Something that makes bitcoin 100% anonymoys, not pseudonymous anymore. I'd say those are the 3 things are the ones that would make bitcoin a "perfect cryptocurrency" Also some integration of Ethereum technology could be good for bitcoin. i agree you need always to change the algo to have a fully decentralized coins, that can't be taken down by asic, then you have cheap transaction, this is tricky because of the block limit, and block halving, if the halving was removed fee would not be necessary isn't this true? this system would still be limited and not inflationary, just that at some point the reward go to zero and from there the fee kick in, not from the beginning like it is now Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: scambust on February 22, 2017, 11:29:45 AM Zero fee transactions, 4,000 transactions per second..... Oh wait some altcoins may be on the verge of achieving this.
Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: SONG GEET on February 22, 2017, 11:34:59 AM -> Proper distribution
-> NO ICO or premine -> Fast transaction -> Good development team behind These should be the features of idle altcoin but i don't think there will be any because all alt need some fund during initial phase of development and no any devs will feel ok to gamble there own fund on development. Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: SHAWN-MIDWAYS on February 22, 2017, 11:51:50 AM • Atomic cross-chain transactions
• Faster and cheap transactions • Untraceable transactions These features should be able to make an upgraded bitcoin compete with the likes of visa, paypal and possibly become better than them. Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: vasrasus on February 22, 2017, 11:56:30 AM • Atomic cross-chain transactions. • Faster and cheap transactions • Untraceable transactions These features should be able to make an upgraded bitcoin compete with the likes of visa, paypal and possibly become better than them. I really like the untraceable transactions, though if got spam or trick we will be unable to know it. So needs to be careful too. It also be good if our deposit bitcoin will be able to increase and will not falldown in value. Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: tromp on February 22, 2017, 07:23:47 PM What exactly does a perfect Bitcoin upgrade look like? Obviously some form of Anonymizing tech would be required, something to help speed up transactions and yet another upgrade to help spread out miners in a more decentralized fashion... You may want to read up on MimbleWimble :-) http://mimblewimble.cash/ Title: Re: What would the perfect "upgraded bitcoin" look like, perform like? Post by: thejaytiesto on February 22, 2017, 07:34:22 PM We have already a lot of upgrades for bitcoin in the pipeline, but we need first segwit. With segwit, we get schnorr signatures, which would allow for a lot of cool new tricks.
Mimble wimble, sidechains, LN... once we have all of that, we will be looking at a bitcoin that is almost unbeatable, it will be very strong, the price will be $5,000+, we have seen nothing yet. Of course, we need segwit first. People opposting segwit are terrorists against bitcoin. |