What are the biggest faults of BTC & how would you fix them?

[ignitiondefect]

Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

[OROBTC]

...

1)  Block size.  Satoshi could have probably anticipated this, and he (or the team) should have written some code allowing an easy expansion through time...  Whatever developers "win" the block size tangle, please think ahead guys!

2)  Limited acceptance by merchants (the principal thing retarding BTC growth IMO).  I do not know how to fix this one.  Time and customer demand?


EDIT:

3)  It is HARD to buy Bitcoin, especially quietly.

[European Central Bank]

Start off with smaller units. I know that's uncool but that's what human psychology is equipped to deal with. Put in some widget to kill off mining pools. Know how it was gonna scale. Get a professional PR agency.

[simon66]

Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.

[ignitiondefect]

So why doesn't someone just create a new Bitcoin and just fix those things?

[salinizm]

Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

i would change block size no matter what the situations would be..

[ignitiondefect]

Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

i would change block size no matter what the situations would be..

Why?

[Lauda]

1)  Block size.  Satoshi could have probably anticipated this, and he (or the team) should have written some code allowing an easy expansion through time...  Whatever developers "win" the block size tangle, please think ahead guys!

Wrong. This is not a fix and makes no sense from a technical perspective. If anything it could kill Bitcoin (if there were no infrastructural improvements).

2)  Limited acceptance by merchants (the principal thing retarding BTC growth IMO).  I do not know how to fix this one.  Time and customer demand?

This is not a flaw in Bitcoin.

3)  It is HARD to buy Bitcoin, especially quietly.

Neither is this.

Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.

This makes sense. Centralization is indeed a problem, albeit nobody has a real solution for this. Incentives to run nodes would be also nice in order to relive the costs and promote decentralization.

i would change block size no matter what the situations would be..

Read the first part of my post.

So why doesn't someone just create a new Bitcoin and just fix those things?

Because they can't. Let me try to explain this somehow; people that don't have the sufficient knowledge and technical skills think that building a spaceship (where spaceship = solutions to all inherent problems that Bitcoin has) is as 'easy' as stacking a few blocks on-top of each other.

[European Central Bank]

So why doesn't someone just create a new Bitcoin and just fix those things?

There are hundreds of people creating new coins. No one gives a shit about them. Why start from scratch and why should you trust it? In case you hadn't read anywhere else in the forum lately, attempting to change bitcoin itself seems to upset a lot of people.

[Lauda]

There are hundreds of people creating new coins. No one gives a shit about them. Why start from scratch and why should you trust it? In case you hadn't read anywhere else in the forum lately, attempting to change bitcoin itself seems to upset a lot of people.

This is not the reason for which people ignore them. Most of these coins are either designed very poorly, offer nothing new, used to pump & dump, used to promote malware (i.e. they're trash-coins). Barely any of them have any features that would be worth looking into and possibly implementing into Bitcoin. You don't need to trust anyone if you can analyze the code; Bitcoin is trust-less and so is any fork of it that does not have malicious/weak code.

[calkob]

So why doesn't someone just create a new Bitcoin and just fix those things?

have you seen the reaction from the bitcoin community to any big changes that are required....?  can you imagine the reaction to suggesting a new bitcoin, plus people have to much invested in this bitcoin.  Bitcoin is open source by the way so anyone can suggest changes.....lol    "good luck with that"

[owm123]

Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

To make it anonymous, rather than pseudo-anonymous.

[ajun96]

c'mon it's already happening. do not dream of returning to the past, there is no time machine
satoshi Nakamoto. already made bitcoin very well, we have an appreciation that

[Rude Boy]

I'll consider the blockchain size. I might tried to get an alternate way for the blockchain size. But i'm not a dev, so i really didn't get what's the alternative way

So why doesn't someone just create a new Bitcoin and just fix those things?

If someone create a new bitcoin, it'll be an Altcoin.

[Jet Cash]

Take out all the irrelevant text message capabilities. They fill up blocks with rubbish, and nobody is going to take a money transfer service seriously if it is full of dog obituaries and wedding reports.

[bitbaby]

Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.

This. Maybe it is not a concern right now but it will be soon. Don't think Satoshi imagined that mining will become like this. But I don't think there is a solution to this now.

[diodio5]

So why doesn't someone just create a new Bitcoin and just fix those things?

not that easy. bitcoin was at the heart of all users. many coins are to be like bitcoin, there is even more sophisticated, but they can never compete with bitcoin,

[romero121]

So why doesn't someone just create a new Bitcoin and just fix those things?

not that easy. bitcoin was at the heart of all users. many coins are to be like bitcoin, there is even more sophisticated, but they can never compete with bitcoin,

Yes thats true as its the leader for the tech, others can just adopt it. I don't think much fault about bitcoin. It has got its existence and has been running long. The programming behind the technology feels to be difficult. One who have interest in writing codes its not a big deal. This can also be overcome by a a person if he has willingness to learn more about bitcoin

[Amph]

the biggest faults is that bitcoin is less decentralized than what it was at the beginning, for mining maybe to avoid this, satoshi would have had to think about a algo change after each halving, to reduce the mining centralization

so asic would be less powerful and more gpu oriented farm would have emerge

also leaving 32mb block size, was not that catastrophic for today working, there is no real argument to sustain these all fud

[elizabethqueen]

Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

i am just amateur bitcoin,not an expert and just know little thing about bitcoin,so if you ask me like that,i can't suggest anything to Satoshi Nakamoto,bitcoin is perfect for me,even some transaction delay so long,i think its not happen many time.