because someone will invite new internet protocol or something...
We have a new internet protocol. It's called IPv6. It was officially released in 2012, and as of April 2015, it's used by roughly 5% of connected devices, according to Google. But, if you connect via IPv6, do you notice? Well, no. These technologies operate on “layers”, and the IP layer is below the Bitcoin layer. Even if we were on IPv8, it wouldn't affect Bitcoin's protocol a bit. |
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Well, of course this would have to be done by the UN assembly or something. And of course this is unrealistic as of now, but hey... isn't it interesting to speculate about those things?
If we're going to ask UN, we might as well ask them to make Esperanto the official second language for every country. That would be nice, in my opinion. |
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what is halving block?
Every 210000 blocks, the block rewards is halved. It was originally BTC50, now it's BTC25, and soon it will be BTC12.5 |
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Even if you have ASIC-resistance, big companies can buy thousands of CPUs and have mining farms as well. It may not be as efficient as ASIC, but they will certainly have an advantage over the common users.
common users in this case, would have a bit of breath, because they could use gpu, which are far better than cpu, they will still be behind, but they at least will put a dent on it Just imagine this scenario: You have a bakery. You make cakes and pastries and stuff, and sell it in your town. Now try to compete with Hostess, or Bimbo. Obviously, no matter what kind of equipment you buy, you will never be able to even slightly affect their business. Even if there were laws that prevented them to use industrial ovens and had to use home appliances, they still have the capacity of buy thousands of them and hire enough people to still be operating way ahead of you. There's no such thing as designing a system where minorities get an advantage, because whatever minorities can do, companies can do it ×1000. |
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I would like normal people with low spec computers. {CPU/GPU's} to be once again able to mine Bitcoins. It should have built in code to detect mining farms and throttle/reduce their income, to make it less viable for them to mine on such a big scale. {ASIC proof} Then, companies like DELL can pre-install mining software with every computer the sell, to be enabled by the user, when the computer is not in use. {The user will then get rewarded for sharing his CPU/GPU to help with mining and he can pay his electricity bill automatically} In a perfect world, this should cover his full bill, with the added electricity he used for normal use and the extra electricity he used for the mining.  This will put some money back into the pockets of MANY people, who are in debt and enable projects where electricity costs are a issue and also help with sustaining Bitcoin mining. We can just dream.  The idea is very interesting and I think you are trying to tackle a very important problem, but building specialized machines (ASICs) in order to solve a PoW-based task will always be possible, I believe :-/ Even if you have ASIC-resistance, big companies can buy thousands of CPUs and have mining farms as well. It may not be as efficient as ASIC, but they will certainly have an advantage over the common users. common users in this case, would have a bit of breath, because they could use gpu, which are far better than cpu, they will still be behind, but they at least will put a dent on it If GPU is viable, companies would use GPU instead. Same result: advantage for companies. |
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The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.
isn't this just an online wallet? They also provide both a debit card and a POS terminal: https://coinkite.com/store/products/allPlease note that I've never used them. I don't know how trustworthy they are. |
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I would like normal people with low spec computers. {CPU/GPU's} to be once again able to mine Bitcoins. It should have built in code to detect mining farms and throttle/reduce their income, to make it less viable for them to mine on such a big scale. {ASIC proof} Then, companies like DELL can pre-install mining software with every computer the sell, to be enabled by the user, when the computer is not in use. {The user will then get rewarded for sharing his CPU/GPU to help with mining and he can pay his electricity bill automatically} In a perfect world, this should cover his full bill, with the added electricity he used for normal use and the extra electricity he used for the mining. This will put some money back into the pockets of MANY people, who are in debt and enable projects where electricity costs are a issue and also help with sustaining Bitcoin mining. We can just dream. The idea is very interesting and I think you are trying to tackle a very important problem, but building specialized machines (ASICs) in order to solve a PoW-based task will always be possible, I believe :-/ Even if you have ASIC-resistance, big companies can buy thousands of CPUs and have mining farms as well. It may not be as efficient as ASIC, but they will certainly have an advantage over the common users. |
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The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.
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People saying that we should have an ASIC-resistant algorithm (however that's mathematically possible) kind of reminds me of homeopathy, where “less is better”. In this case, less device power will somehow bring better security.
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I would make the mining algo double after 5 years.
It would start at sha128 for the first 5 years. Maybe a few people'll get hacked, it'd be cool.
Then on the 5th year (at this current time) it would be sha256 and everyone will be confident that their coins are secure.
Then on the 10th year its sha512 and people will be very secure.
And it keeps going up.
Ultimately it'll probably never work. Addresses will keep getting longer and longer. (I think) but hey, it'd be a funny altcoin. I don't know how it would work though.
SHA1024? I don't think that exists yet. |
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Somehow reduce the processing power needs so that a simple smart phone can participate in the P2P verification and message relay processes of the blockchain for decentralization purposes.
As I said before, a network secured by smartphones is way too insecure for me to be interested in it. |
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Most answers show how much people don't know about the details of Bitcoin and the reasons the current features are like that. They try to reduce the confirmation time, because they imagine people waiting in the supermarket line for ~10 minutes, when in reality most transactions today are accepted with 0 confirmations, with little risk (proportional to the supermarket-type purchase, anyway).
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I'm not expert, but I think you'd still be able to send bitcoin using carrier pigeons.
Using the protocol defined in RFC 1149? |
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If a message gets deleted this order thing won't work BTW That's the main reason the postId should be used, as proposed. |
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When someone says “decentralized social network”, I can only remember StatusNet and identica. A nice idea, but not much success in my opinion.
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(21million by the year 2040 say)
The estimate is near to 2140, actually Would the miners will survive only on transaction ledger commissions only?
That's the idea, yes. If so, would it be enough of an incentive for the community to keep bitcoin ecosystem alive after that point? Please help me to sort the issue.
For that to be sustainable, Bitcoin would need to be valued in millions of dollars, and have a user base of several million people as well. That way they can receive satoshis as reward and still be profitable. We don't know whether we will get there at some point, but that's the way it needs to be for it to work. |
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If you're ever asked about the banking system please mention that you're not using the U.S. Dollar, but fiat currency technology. It's definitely the next big thing. And by "thing", you mean "premine scam", correct? Because that's all fiat is. Sarcasm. Why don't you get the sarcasm on this thread? |
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Why fiat currency technology? .... What is the next big thing? ....the U.S. Dollar or Bitcoin? .... Am I the only person here, who does not get what you trying to say here?
It's sarcasm, referencing the fact that IBM and others are using “blockchain technology”... which is an even fancier term for “cryptocurrency”. |
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It's not NSFW, as it doesn't contain nudity or pornographic images. You can see this on any beach everywhere every summer.
But in the beach you see hundreds of people, you see the sea, you see the sand, the gulls, the children. It's a matter of focus. This picture is focused in a very specific thing, and that is what makes it NSFW. Youd also not go in a bathing slip/suit to work, well unless you work at the beach. Unless you work as a lifeguard. Even at the beach, people who are working wear a shirt and a short, at least (that sounds funny, though). |
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It's not NSFW, as it doesn't contain nudity or pornographic images. You can see this on any beach everywhere every summer.
You don't need nudity to have NSFW content. Also, an office and a beach are totally different environments, and you usually see the rest of the girl anyway. |
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