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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 3666 times)
flix (OP)
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September 23, 2015, 07:51:44 AM
 #41

So 37/46 (80%) voters think the 21m coin limit is fundamental. 74% believe BTC should remain decentralised.

It's important to make this stuff clear both for current developers and for future ones who might not have such a clear idea of what the community wants.
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September 23, 2015, 07:55:35 AM
 #42

This might also help:
http://cryptovoter.org/
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September 23, 2015, 08:15:48 AM
 #43

I gave vote for these 5 features what I like the most.Bitcoin as a whole is innovation and adorable.Decentralization and fast sending features made my life easy to send and receive funds form anywhere to everywhere.
Decentralisation
Permissionless    
Pseudonymous    
Fast    
Irreversible
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September 23, 2015, 08:26:21 AM
 #44

All the features mentioned in voting list are necessary.21 million supply,fast transactions and decentralization are the best available features at the moment.Which make Bitcoin more attractive and usable and valuable than other traditional existing options.
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September 23, 2015, 08:41:32 AM
 #45

These features:

It doesn’t matter how much money lobbyists give, the laws that corrupt politicians pass, or how many big companies work to eliminate Bitcoin. It’s not going anywhere and there is nothing anyone can do about that. Bitcoin connects the world financially just like the internet did.

The internet brought people online and Bitcoin is bringing money online.

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September 23, 2015, 03:35:12 PM
 #46

I have heard that to transfer money from one country to another one it takes days to be completed.
And also the fees of the transfer is large enough.
So i would never give up the fees of the bitcoin Smiley it is just few cents and it does it job perfectly.
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September 26, 2015, 09:09:46 AM
 #47

I would remove Fungibility, bitcoin is the antithesis of fungibility.

How so?

Every bitcoin is worth the same.

Not to humans.

I certainly wouldn't want to pay the spot price of bitcoin per coin if they were from a exchange hack or theft/scam.

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September 30, 2015, 01:21:31 PM
 #48

I'm surprised at the few people that consider mining important... I have yet to see an alternative to PoW that has been as successful in securing a blockchain as the Bitcoin mining system has...

Does someone have any evidence of PoS or other systems working well?
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September 30, 2015, 01:25:55 PM
 #49

The Bitcoin limit and the decentralisation is definitely two of the most important properties that would make Bitcoin prosper. With a limited market cap, no one can change it and create another million of coins suddenly. At least without the entire network agreeing to it. If it is removed, it would just be like the banks who print out money whenever they want. Decentralisation allows the network to function without a central point of failure, governments would not be able to censor it as it can function via tor and there are thousands of nodes on the internet.

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September 30, 2015, 01:30:47 PM
 #50

The features I would never give up are :

1 - Irreversible transactions.
2 - 21 million coin cap.
3 - The decentral aspect of Bitcoin.

These are the most important things I would never want to see go away from Bitcoin.
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September 30, 2015, 02:20:56 PM
 #51

fast, transactions do not need to be verifying the data and so forth so that it becomes easy.
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September 30, 2015, 02:34:03 PM
 #52

of course I prefer the 21 million coin limit
if lots of bitcoin being generated it will make the currency price very very low
it is like gold,
less gold available = higher gold price
more gold available = lower gold price
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September 30, 2015, 03:47:57 PM
 #53

I'm surprised at the few people that consider mining important... I have yet to see an alternative to PoW that has been as successful in securing a blockchain as the Bitcoin mining system has...

Does someone have any evidence of PoS or other systems working well?

I think a lot of people do not consider mining important, because they not part of it. A few years ago, when solo mining was still profitable, it would have been on the top of that

list.  Roll Eyes ... 21 million coin limit and Decentralization are the two most important features for me. I hope more people would appreciate mining more, when they buy into the whole

21 Inc computer.  Wink ...just forget about a ROI from the start... and you will be fine.  Roll Eyes

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September 30, 2015, 04:52:42 PM
 #54

I'm surprised at the few people that consider mining important... I have yet to see an alternative to PoW that has been as successful in securing a blockchain as the Bitcoin mining system has...

Does someone have any evidence of PoS or other systems working well?

I think a lot of people do not consider mining important, because they not part of it. A few years ago, when solo mining was still profitable, it would have been on the top of that

list.  Roll Eyes ... 21 million coin limit and Decentralization are the two most important features for me. I hope more people would appreciate mining more, when they buy into the whole

21 Inc computer.  Wink ...just forget about a ROI from the start... and you will be fine.  Roll Eyes

Yes mining is not important right now. Many people have given up their mining ideas.
The digital money with fool proof of new concept to traditional money system is the point I see in bitcoin which makes not to ignore bitcoin just like that. It came from deeper thinking.

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September 30, 2015, 05:26:47 PM
 #55

These are the following features of bitcoins that i can never give up:
1. 21 millions bitcoins limit
2. Not under the control of government
3. No chargebacks ( like credit cards)
4. Decentralisation
5. Less fees
6. Ananomous Wink
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September 30, 2015, 07:21:49 PM
 #56

Decentralization and current coin supply are features that I would never give up. Having control of your own money, instead of handing them over to greedy banks is a good thing to consider. There is no central bank or authority that would ever try to control Bitcoin. That's why decentralization is the most important feature that Bitcoin has. Another thing is current supply, although not much but it is the ideal supply of Bitcoins in existence to prevent inflation (which is an issue that fiat currently has).  Smiley

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September 30, 2015, 11:57:06 PM
 #57

Looks like people don't consider fast and cheap to be very important. Why do we want big blocks for again?
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October 01, 2015, 03:16:59 AM
 #58

Irreversible.

*chuckles*

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October 01, 2015, 04:30:26 AM
 #59

What aspect of Bitcoin would you never give up?  (Voting closes: November 16, 2015, 13:20:08)

my vote Smiley
Permissionless
Cheap
 

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October 01, 2015, 04:41:03 AM
 #60

Looks like people don't consider fast and cheap to be very important. Why do we want big blocks for again?

Fast transaction is basic of electronic mode. Usually the internet things are instant like email.
But we need to celebrate the cheaper payment of bitcoin. I guess satoshi must be freelancer or online employer and got fed up with online payment processors. So, he invented a extreme superior internet money.
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