Bitcoin Forum

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

• Reducing volatility
• Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
• Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.

The more people start using it the less volatile the price will become.


Because not all merchants have adopted it yet. Just 2 years ago the idea that so many mainstream business would start accepting bitcoin was viewed by a lot of people as insane, so give it some time. There's still a long road ahead.


What laws?

How can you be sure of that ?  Are there any argument to prove it?
Take the example of currencies like USD or Euro. There are 100 millions people who use them and yet there is need for a central bank to make the regulation.



I agree with you. But why not be more proactive : What does the community do to make it easier for businesses to have a payment terminal for bitcoin for exemple.


Anti-Money Laundering (AML) and Know Your Client (KYC) measures

because altcoin try this ... and they ALL FAIL.

Talk about volatility, the market will eventually corrects itself. May not be now or near future but someday

volatility is not controlled by code. but by the people buying and selling coin
99% of places in your town dont accept bitcoin, maybe because you have not successfully asked the places in your town to accept bitcoin. so try to think about a nice way to mention the benefits of bitcoin and convince them to accept bitcoin.

remember you are the community. your friends family, merchants in your town are the potential growth. so go talk to them.

Evolution does not always lead to failure. There are certainly other reasons for the failure of altcoins.

The Bitcoin Community must list all the axis of improvements then work to achieve them.

And does the central bank with all these regulations stop inflation? No. It's in the nature of currency to be volatile, we just need to get to the point where it becomes stable enough for everyday use. There are also altcoins out there that try to battle volatility by adjusting the supply or attempting to attach them to IRL resources and so far these attempts haven't been very successful.


There's plenty of material out there to help business owners that are new to bitcoin
https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses


The Bitcoin protocol has no concept of money laundering or people's identities, it's an equal playing field for everyone. I don't believe the design should change unless the majority of community demanded it. So it should be up to the authorities to find ways to enforce these things, not us.

How can we reduce volatility? We have no control over that. We also have no control over how many merchnats accept it other than to keep promoting it. What laws should we cater to exactly? The laws need to work around us not the other way around.

Reducing volatility isn't something that can be easily accomplished. Centralised exchanges will help with this, but that's going against bitcoin.

hello there,

you can start and learn here:

http://www.youtube.com/watch?v=O0oDDIy0P2s

The "bitcoin community" is not some monolithic Borg mind. Different people want different things. You seem to want State surveillance built in to your currency. I'm sure there's an altcoin that already does that for you. Bitcoin is not the only digital currency. So your real question is: "why don't more people want surveillance / regulation?"

Your other problem is that you arrogantly assert that your ideas (ie. surveillance) are better -- an evolution. That's quite insulting.

It seems to me you should read this forum much more, since what you say dont make any sense.


New bitcoin would be even less known
-so will have more volatility.
-so will be useful in even less supermarkets
-will be implemented in even less laws.


Main advantage of BTC over altcoins is adoption!

Altcoin like Lite and Doge is alive and well...

Hey welcome to Bitcoin.

Only time will implement the changes you would like to see. Nothing done to the code can facilitate those things, I don't think.

I didn't say it quite correctly : I respect and adhere to the principle of freedom offered by the bitcoin, allowing peer to peer transactions without any intermediate. Maybe my suggestions and ideas are not good, but do you think that bitcoin is currently perfect and don't need to evolve ?

Yep, and example DOGE is still very strong. Look at volume on exchanges.

I don't understand your question.

The reference code is currently version 0.9.3.  Clearly bitcoin IS evolving.  It is different than it was last year, and it is even more different than it was the year before that.  New versions of the code continue to come out.

As for anything else (such as merchant adoption), you are the "bitcoin community".  If you are asking what the "bitcoin community" is doing about convincing more merchants to accept bitcoin, then you are asking what YOU are doing about convincing more merchants to accept bitcoin.  I can not answer that for you, because you have not yet told me what you are doing.  Why would you ask me what you are doing?

Honestly, I suspect you are just trolling.  I really should know better than to feed the trolls around here.  It just attracts more of them.

Danny and Franky are spot on...


What are we going to do for Bitcoin?

OP, you need local grocery store? Go ask them...Tell them about this wonderful technology. You need a gas station? You need a barber shop? Go ask them...share what you know and get involved with developing the ecosystem!

This is what it will take... Grass roots effort and nothing short of that!

Thanks

The volatility of bitcoin has nothing to do with the protocol. It has to do with the market which is very separate from the code.

Bitcoin is not accepted at places like supermarkets because it is still very new and more places are accepting bitcoin every day.

I'm talking about high level evolution : I feel no change as an end user when the code version evolves from 0.9.2 to 0.9.3


It is true that for the moment I do not do big things for the bitcoin apart speculating and mining. I also try to talk to my friends about Bitcoin : Some of them tell me that they can't afford to accept a currency that can make -25%  in one month, that is risky for their business and that they prefer to wait for the moment.  I do not know how to answer to this issue because I'd do the same if I were them.


I am very down to earth in my thoughts but I am sincere and I really hope that the bitcoin will succeed

Evolution is a slow process.

Do you feel any change as an end user when the code version evolves from 0.3.1 to 0.9.3?  If you say no, then you are either lying or not paying attention.


Tell them not to hold the currency for a month if they are concerned about the monthly volatility.  They can accept bitcoin as payment for a product or service and immediately convert it to their inferior local fiat currency so that it can slowly lose value to inflation if they prefer.

I totally agree with you on both points  ;)

doge is strong.  that's like \saying cat is strong.  don't you realize how retarded u look

No, I think it's far from perfect. I think the database should be distributed into some kind of DHT structure, and I think anonymity should be far stronger, and the default. (Ie. diametrically opposite to your third desire.) I guess I agree with your first two points, but have no good ideas on how to achieve them. (I certainly would not sacrifice my principles simply to get 99% adoption among merchants.)

I agree that the only thing "wrong" with Bitcoin is that it does not enforce more privacy in the protocol by discouraging or outright disallowing address reuse.  Stealth address use, coinjoin mixing, and the use of deterministic keypair generation protocols for periodic payments should be the norm and it would be really nice if that was enforced in the protocol.