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Question: Which innovation in Bitcoin do you REALLY want?
More transactions per second - 18 (64.3%)
Bigger blocks - 8 (28.6%)
Bitcoin XT - 2 (7.1%)
Total Voters: 28

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Author Topic: Which innovation in Bitcoin do you REALLY want?  (Read 1739 times)
Carlton Banks (OP)
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August 17, 2015, 05:52:36 PM
Last edit: August 17, 2015, 06:35:09 PM by Carlton Banks
 #1

It seems to me like the issues in this debate are heavily conflated. What is everyone actually arguing about? What do you really want, a brand name product, more storage space on the ledger, or higher transaction rates? If you have to choose only one, which?

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LiteCoinGuy
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August 17, 2015, 05:54:50 PM
 #2

Bigger blocks. But without consensus, there is only XT. Same old problem. I would be okay with BIP 100 / 101 too...

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August 17, 2015, 05:58:49 PM
 #3

Bigger blocks of course however they aint doing that without BitcoinXT and this shit is increasing here http://xtnodes.com/ in last week from 0 to 500 nodes (not even sure if they are legit numbers or just some automatic counter lol)

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Carlton Banks (OP)
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August 17, 2015, 06:00:16 PM
Last edit: August 17, 2015, 06:15:14 PM by Carlton Banks
 #4

Bigger blocks. But without consensus, there is only XT. Same old problem. I would be okay with BIP 100 / 101 too...

I'm not totally against BIP 100, but I would prefer BIP 101. I think we all know I won't be switching to XT though.

Bigger blocks of course however they aint doing that without BitcoinXT and this shit is increasing here http://xtnodes.com/ in last week from 0 to 500 nodes (not even sure if they are legit numbers or just some automatic counter lol)

Relax, those nodes are probably all running from the same server box that was doing the transaction flooding attacks a few weeks back. I could run 500 XT nodes myself on my computer, as long as I didn't want to use it for anything else  Cheesy

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August 17, 2015, 06:02:13 PM
 #5

I want to see InstantX feature in bitcoin in future to confirm the transaction fast.sometime transaction confirmation time is too long then normal.

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Carlton Banks (OP)
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August 17, 2015, 06:04:34 PM
 #6

I want to see InstantX feature in bitcoin in future to confirm the transaction fast.sometime transaction confirmation time is too long then normal.

Unfortunately no-one is addressing that issue right now (it's not easy to solve if you use the bigger blocks model, but really that's a separate debate). Can't add an option for that in the poll, but if anyone can think of another option that fits, I'll add it on.

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August 17, 2015, 06:07:49 PM
 #7

I want to see bitcoin to turn into POS when block rewards change to 12.5 next year
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August 17, 2015, 06:23:43 PM
 #8

Not fussed about any of them, truth be told.

I want to see things like smaller on-disk block chain. Distributed block chain etc.
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August 17, 2015, 06:31:19 PM
 #9

I voted for bigger blocks as well. I would be fine with BIP100 or 101.
I'm not quite sure about XT to be honest but right now it is the only option we have.

I hope we can fix this never ending story.Getting headache and the press already started writing about it. That we're tearing each other apart over this whole thing.
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August 17, 2015, 06:35:43 PM
 #10

i want that bitcoin reaches mainstream status, so anything that is preventing this must be solved, if bigger block is needed for this then we need bigger block, if faster confirmation time is needed for this, then it must be fixed
Carlton Banks (OP)
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August 17, 2015, 06:41:34 PM
 #11

Not fussed about any of them, truth be told.

I want to see things like smaller on-disk block chain. Distributed block chain etc.

Unfortunately, smaller blockchain is logically a little difficult. You could find a more space efficient way to re-encode the transactions already in the blockchain, but that might affect confidence in the system (it amounts to a form of re-writing history, which would be a difficult sell to the users)

Distributed blockchain? Um, we have that feature already...

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August 17, 2015, 06:43:11 PM
 #12

@ OP
With more transactions per second I guess you mean sidechains or lightning network, i.e. off mainchain solutions right?

Because more transactions per second will be available with bigger blocks as well.
This is a bit confusing imo.
Carlton Banks (OP)
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August 17, 2015, 06:48:11 PM
 #13

@ OP
With more transactions per second I guess you mean sidechains or lightning network, i.e. off mainchain solutions right?

Because more transactions per second will be available with bigger blocks as well.
This is a bit confusing imo.

No. I mean exactly what I say; you have three carefully worded, carefully chosen options. Choose one. Or none.

It's probably confusing because you're finding difficult to choose. I intended to provoke that response, so I think my choice of options was good.

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August 17, 2015, 06:51:55 PM
 #14

Bigger blocks but ideally agreed on by everyone. The fee market thing would stifle adoption before it had even got started.
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August 17, 2015, 07:31:37 PM
 #15

@ OP
With more transactions per second I guess you mean sidechains or lightning network, i.e. off mainchain solutions right?

Because more transactions per second will be available with bigger blocks as well.
This is a bit confusing imo.

No. I mean exactly what I say; you have three carefully worded, carefully chosen options. Choose one. Or none.

It's probably confusing because you're finding difficult to choose. I intended to provoke that response, so I think my choice of options was good.

I've choosen before. I voted for bigger blocks because we need more space for more transactions per second in the future!!
Carlton Banks (OP)
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August 17, 2015, 07:34:56 PM
 #16

I've choosen before. I voted for bigger blocks because we need more space for more transactions per second in the future!!

Quoted for posterity

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August 17, 2015, 08:01:37 PM
 #17

Bigger blocks definitely. If we want Bitcoin to grow in the future, we must increase blocks. But after reading a lot last few days, I came to a conclusion that achieving bigger blocks withe the XT fork is not a way to go.

So I am voting for bigger blocks in the Bitcoin Core and I am also voting explicitly against the XT.
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August 17, 2015, 08:02:48 PM
 #18

I think that more transactions per second would be a more useful innovation. With more transactions per second developers will be able to build unique applications using bitcoin.
Carlton Banks (OP)
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August 18, 2015, 09:23:52 AM
 #19

Bump for those who weren't here yesterday. Place your vote...

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August 18, 2015, 09:41:22 AM
 #20

Please add two options:
1) no Mike and no Gavin
2) better decentralisation

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