Bitcoin Forum
December 15, 2024, 03:09:47 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Should we call complex transactions Bitcoin 2?  (Read 1211 times)
cbeast (OP)
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1014

Let's talk governance, lipstick, and pigs.


View Profile
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
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1386
Merit: 1140


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
December 04, 2012, 04:18:48 AM
 #2

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.
jimbobway
Legendary
*
Offline Offline

Activity: 1304
Merit: 1015



View Profile
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)
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1014

Let's talk governance, lipstick, and pigs.


View Profile
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
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1079


Gerald Davis


View Profile
December 04, 2012, 04:35:59 AM
 #5

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)
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1014

Let's talk governance, lipstick, and pigs.


View Profile
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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!