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Question: What aspect of Bitcoin would you never give up?  (Voting closed: November 16, 2015, 12:20:08 PM)
21 million coin limit - 50 (20.4%)
Decentralisation - 47 (19.2%)
Permissionless - 28 (11.4%)
Voluntary - 5 (2%)
Pseudonymous - 19 (7.8%)
Mining (PoW) - 15 (6.1%)
Cheap - 14 (5.7%)
Fast - 13 (5.3%)
Irreversible - 34 (13.9%)
Fungibility - 20 (8.2%)
Total Voters: 67

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Author Topic: What features of Bitcoin would you never give up?  (Read 3668 times)
flix (OP)
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September 17, 2015, 12:20:08 PM
 #1

Let's imagine that all the Bitcoin devs were arrested by a tyrannical government or bought by an evil mega-corp and forced to change a fundamental aspect of Bitcoin. Let us further imagine that this evil cabal managed to control 80% of mining power and used it to support the evil fork.

What aspect of Bitcoin, if it were changed, would make you reject such a fork and stay on the original chain against all odds? What change would you consider would destroy the fundamental virtues of Bitcoin?

Regular users, holders and nodes could block any fork by refusing to adopt, even against the devs and miners... but what is important enough that a significant majority would do so?
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September 17, 2015, 12:25:28 PM
 #2

IMO, following points require explanation, i.e. in which context you are mentioning them...

i. Voluntary
ii. pseudonymous
iii. cheap
iv. fast
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September 17, 2015, 12:43:13 PM
 #3

I never give up from bitcoin the easily of its use. If the way to send and receive bitcoin will be more difficult this will be very tough for me.
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September 17, 2015, 12:49:56 PM
 #4

What I would never give up it the fact the chain is leading, no more obscurity in coins/money and making it out of thin air only to profit the banks. One coin is one coin, never more never less. We should be aware that storing coins in exchanges and with other companies like xapo will again bring forth more coins than there actualy are. If I store my coins on an exchange, they can use my coins to do whatever they like. Spend it somewhere else and still claim that I have those coins in my deposit account. It is the banks all over again. Back to the stoneage for the economic revolution...  Angry

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September 17, 2015, 01:04:22 PM
 #5

most of all i love the fact that bitcoin offers decentralized system and this is the best feature that it offers. and also the Irreversible feature of it is kind of a good / bad feature but i like it so far.
and finally the 21 million coin limit is good because making the limit any bigger would just kill the coin's value because the market will be flooded by the coins that miners would mine, just like Dogecoin and many others.

the rest of the features are things that are good but i would't care if they weren't there either!

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September 17, 2015, 01:07:38 PM
 #6

Let's imagine that all the Bitcoin devs were arrested by a tyrannical government or bought by an evil mega-corp and forced to change a fundamental aspect of Bitcoin.

Open source doesn't work like that. The code is OSS and anyone is able to modify it and fork it. Current developers (be it Core, XT or whatever) have no more control of it than anyone else. In the end it's always the network that decides. The control is decentralized and collective.

Only way that some goverment could have it's way is if majority of network accepted it or stubbornly kept running a client that is under govt. control. But at any time they would be free to choose otherwise.
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September 17, 2015, 01:10:10 PM
 #7

The best of Bictoin is that's fast and it'd a universal currency. Everyone in the world has with Bitcoin a common currency. You aren't calculating the whole time between different currencies.



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Rainbot
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September 17, 2015, 01:20:14 PM
 #8

All the fundamental features of Bitcoin are important to me, but I would never give up the permissionless nature of it. KYC is a no-go. Anyone should be able to join and participate in it.

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September 17, 2015, 01:34:19 PM
 #9

21 million coin limit - Decentralisation - Pseudonymous - Irreversible
These 4 features are indispensable for me. I'm ok with others changing if it's too important for system to survive.
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September 17, 2015, 01:50:23 PM
 #10

For me it has to be the 21 million cap or else without it bitcoin would nothing. It's like a form of assurance that you own a share of the coin which the value don't get diluted as more and more coins are being generated.

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September 17, 2015, 02:01:01 PM
 #11

The whole new innovation of digital currency. I really admire on it....

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September 17, 2015, 02:03:47 PM
 #12

decentralization, which mean also pseudoanon, i doubt in any centralization system you can have a anonymous system
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September 17, 2015, 02:16:58 PM
 #13

tough choice my brother but my top 3 would be:

-21mio cap
-Decentralisation
-Pseudonymous

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September 17, 2015, 03:32:33 PM
 #14

I would not give up anything that is with bitcoin currently, I think besides technical details like the block size that everything else should stay the same.
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September 17, 2015, 04:01:00 PM
 #15

Trustless....  Wink

Plus all the others mentioned  Grin
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September 17, 2015, 04:10:46 PM
 #16

I think it would not be cool if they messed with the coin limit in any way, it just feels like Bitcoin would lose a big chunk of it's identity if they changed it.
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September 17, 2015, 04:25:40 PM
 #17

The 21 million coin limit is an obvious thing , if there was a unlimited number the coin will have no value at all , same goes for the Block reward thing . Now for what comes to the features there is Decentralization , Pseudonymous so I don't have to deal with services like PayPal crap and get limited and the need of sending my documents and even buy VCC or VBA to get another account instead same goes for Irreversible Credit cards and PayPal are shitty and you also have to watch your accounts in case you traded with are retarded who have some Social engineering skills .



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September 17, 2015, 04:29:38 PM
 #18

The fact that i never need to worry if my bitcoin would be limited like Paypal, this feature would me never give up.
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September 17, 2015, 04:33:00 PM
 #19

Quite concerning that one of the principal property of a money-like commodity, fungibility, isn't valued more.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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September 17, 2015, 04:40:16 PM
 #20

I only see five things that are fundamental aspects of Bitcoin and you really can't give any of them up and still have Bitcoin. You could give up a couple and have any number of the current alts so I don't really see the point of this exercise.

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