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Author Topic: Should we call complex transactions Bitcoin 2?  (Read 1202 times)
cbeast (OP)
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December 04, 2012, 04:15:13 AM
 #1

Now that we are starting to see escrows being created and the protocol supporting message signing, invoice creation, and more; Bitcoin is no longer a simply one way transaction network. Bitcoin 2 would convey the evolution of the protocol while keeping compatability with original bitcoins.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
casascius
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December 04, 2012, 04:18:48 AM
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Let me answer with a rhetorical question: would you call writing a check to two parties, or one with two signature lines, "checking 2.0"?

I would find this more confusing than anything.  I would expect it to mean a new kind of non-interchangeable coin that works like bitcoin, and is being held out as better in some way, but isn't spendable where only a bitcoin is accepted.  Basically an altcoin.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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December 04, 2012, 04:30:45 AM
 #3

I can see how from a marketing standpoint bitcoin 2.0 is like web 2.0

Its an upgrade from the original.
cbeast (OP)
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December 04, 2012, 04:33:16 AM
 #4

Let me answer with a rhetorical question: would you call writing a check to two parties, or one with two signature lines, "checking 2.0"?

I would find this more confusing than anything.  I would expect it to mean a new kind of non-interchangeable coin that works like bitcoin, and is being held out as better in some way, but isn't spendable where only a bitcoin is accepted.  Basically an altcoin.
Most people don't even know what two-party checks are. Most people don't even use checks anymore. I think of them as business checks.

I see where you are coming from, but I think most people would interpret it as "Bitcoin 1 compatible" instead of an alt coin. More importantly, it conveys the evolution of Bitcoin itself. Perhaps I am over-analyzing this. Really, very few people have even heard of Bitcoin yet to worry about their misgivings.

I can see how from a marketing standpoint bitcoin 2.0 is like web 2.0

Its an upgrade from the original.
That was my thinking.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
DeathAndTaxes
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December 04, 2012, 04:35:59 AM
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We don't even have Bitcoin 1.0 yet.  The death of Bitcoin 1.0 before the birth of Bitcoin 1.0 seems kinda premature.
cbeast (OP)
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December 04, 2012, 04:44:54 AM
 #6

We don't even have Bitcoin 1.0 yet.  The death of Bitcoin 1.0 before the birth of Bitcoin 1.0 seems kinda premature.
I forget sometimes that Bitcoin is still Beta. Thanks. I'll close this thread.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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