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Author Topic: What if YOU could put 1 feature, change, whatever, into the Bitcoin protocol?  (Read 3134 times)
ensurance982 (OP)
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April 08, 2015, 12:59:57 PM
Last edit: April 08, 2015, 04:44:20 PM by ensurance982
 #1

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!

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April 08, 2015, 04:34:40 PM
 #2

This doesn't make any sense to me, as anybody can change the code and implement what they like, any time they like.

ensurance982 (OP)
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April 08, 2015, 04:43:17 PM
 #3

This doesn't make any sense to me, as anybody can change the code and implement what they like, any time they like.


Sure, alright, what I was implying was that everyone would be "forced" to use that version of Bitcoin now. No way of using the old fork, everyone has to use your amended version.

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April 08, 2015, 04:45:07 PM
 #4

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!
Isn't it simple? I'd make block that would premine me atleast million of coins hehe.

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ensurance982 (OP)
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April 08, 2015, 04:49:30 PM
 #5

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!
Isn't it simple? I'd make block that would premine me atleast million of coins hehe.

How would that work, so you would just get a specific number of coins after block X? That way the value of all coins would go down a lot, I don't know if you could profit from that very much...

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April 08, 2015, 04:54:45 PM
 #6

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!
Isn't it simple? I'd make block that would premine me atleast million of coins hehe.

How would that work, so you would just get a specific number of coins after block X? That way the value of all coins would go down a lot, I don't know if you could profit from that very much...
Hah bitcoin is open source so nobody would be able to do that as source would be inspected for sure before hard fork.
But if i could mask it then let's say 0.2btc from every block mined would be enought.
But if someone would notice it in early stages you would end up with nothing, but if you would insert bigger reward for yourself you would  more likely beable to get more fiat out of it.

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fryarminer
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April 08, 2015, 05:02:22 PM
 #7

I'd request a memo line with transactions. Sure it might add bloat, but it is so practical with a public ledger.
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April 08, 2015, 05:03:20 PM
 #8

Except unrealistic rainbow-unicorn-in-the-sky changes, I think the block reward could diminish more gradually (and not abruptly every ~ 4 years), and if it should continue to use PoW, it should be more "useful". Ooops, there is Primecoin already.  Lips sealed

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arlekyn13
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April 08, 2015, 05:05:03 PM
 #9

I'd implement a change to decrease the average timer between blocks to 1 min or so.

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April 08, 2015, 05:05:06 PM
 #10

the only thing that i want right now, is a faster confirmation, i'm not sure how the miners feel about receiving a block every...let's say 1 min(like doge)

but it would require reviewing the block structure and reward....too much of an hard fork i guess
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April 08, 2015, 05:06:17 PM
 #11

I'd implement a change to decrease the average timer between blocks to 1 min or so.
That would be extremely useful.
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April 08, 2015, 05:08:15 PM
 #12

This doesn't make any sense to me, as anybody can change the code and implement what they like, any time they like.


Sure, alright, what I was implying was that everyone would be "forced" to use that version of Bitcoin now. No way of using the old fork, everyone has to use your amended version.

Id request changes to ensure that such power never relies in the hands of a single person again.

Im not really here, its just your imagination.
reRaise
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April 08, 2015, 05:19:27 PM
 #13

Block reward down to every year.
arlekyn13
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April 08, 2015, 05:23:21 PM
 #14

Block reward down to every year.

You mean block reward halving?

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April 08, 2015, 05:26:20 PM
 #15

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!

If I was given a chance to at least implement one feature in my mind, I would say it is the ability to recover all the lost wallets that haven't seen any activities for a long period of time. But definitely that is not an ideal feature to have because the potential of getting the balances of even the active users may be at risk, so I'd rather not wish for any of the features in my mind to be implemented in bitcoin.

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randy8777
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April 08, 2015, 05:29:43 PM
 #16

not really a must, but if possible i would choose to have faster confirmations. but then again, it would also need to bring down block rewards.
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April 08, 2015, 05:32:37 PM
 #17

the confirmation times "problem" is overrated, there are ways to work-around that issue in scenarios like the supermarket cash-out

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ensurance982 (OP)
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April 08, 2015, 05:37:11 PM
 #18

Imagine having a nice beer at a local bar and suddenly you realize that the guy next to you can't pay for his drink - he forgot his wallet. Since you are a nice person and made some money from investing in Bitcoin, you pay his tab.
It turns out, this guy is Bitcoin's very own core developer gmaxwell and because he is also such a nice guy, he offers you to implement one feature into the Bitcoin protocol - no questions asked.

What would you ask him to implement?

edit: sure, no one would be forced to use that fork. Just imagine that this is the only valid version of Bitcoin everyone using Bitcoin has to use form then on!

If I was given a chance to at least implement one feature in my mind, I would say it is the ability to recover all the lost wallets that haven't seen any activities for a long period of time. But definitely that is not an ideal feature to have because the potential of getting the balances of even the active users may be at risk, so I'd rather not wish for any of the features in my mind to be implemented in bitcoin.

Interesting... Who would you give the coins to? Also, what would be the cutoff rate? Time? Number of blocks mined in the meantime? Wouldn't this make the whole reward structure pretty unpredictable?

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April 08, 2015, 05:47:43 PM
 #19

Block reward down to every year.

You mean block reward halving?

Yes halving, that would cause some fireworks.
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April 08, 2015, 05:48:50 PM
 #20

One change that  I would implement first and foremost. Is a way to prevent the 51% attack from ever being carried out.
Dont ask me how I would go about it, but its something that should be at the top of EVERYONE's list whos interested in the survivability of Bitcoin longterm. As long as the 51% attack exists .. Bitcoin never stands to become a worldwide dominant currency, because its really not 'trustless' long as 51% attack is possible.

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