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Author Topic: Exciting Bitcoin Projects!  (Read 13374 times)
RealBitcoin (OP)
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March 31, 2016, 05:49:40 PM
Last edit: November 07, 2016, 11:42:26 PM by RealBitcoin
 #1

It is very exciting to see so many "killer app" projects upcoming in the near future. They will definitely add great value to bitcoin, and I think the price has to reflect that, so I think the price will go up after these things come out. I rank them by my estimation of their order of importance, and how I believe each one will add value to bitcoin.


0⟫ Segregated Witness - Larger block space, which will increase the capacity of bitcoin transaction, making room for more people. And empty rooms always tend to fill up, so I expect many new users from this idea. It also fixes malleability issues, and makes 0 confirm double spend harder so we can now build instant transaction systems with greater confidence and less risk of double spend with lightning network technology.

1⟫ LightningNetwork - Increase bitcoin transaction throughput. Instant payments, scaleable payment system.

2⟫ Bitsquare - First decentralized cryptocurrency exchange, that cannot be censored or controlled, just like bitcoin. We are all tired of exit scams, hacks and inside jobs , or random account suspensions. The decentralized exchanges will bring us a new paradigm, and make trading more liquid and frictionless. This can bring a huge value to bitcoin. I`d put this as NR 1. over long term, but it might need a lot of testing and bugfixing before it can gain traction.

Other upcoming decentralized exchanges are:  http://www.coincer.org  ,  http://www.supernet.org  ,  https://etherex.org , https://bcexchange.org

3⟫ OpenBazaar - Decentralized P2P marketplace, a great invention that never existed before, and has the power to reshape global trading. It could work with any currency, so all currencies could gain value, but I think it will bring more value to cryptocurrencies, in majority for bitcoin. Frictionless global trading will also help many poor countries, that may already be looking after bitcoin, but need a "killer app" to start using it frequently. A huge project that will give indirect support to cryptocurrencies.

4⟫ Embedded Mining - 21 Inc plans to create embeddable microchip miners that can be integrated into any appliance (for ex smartphones) and it can create a world full of bitcoin miners in every device. This is huge, it can help decentralize bitcoin and it can help many people on the planet to grab some bitcoins for themselves.

5⟫ RootStock - "Is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability."

6⟫ Joystream - Decentralized filesharing system. It is really helpful for small producers: singers, musicians, DJ's, and other artists. They can just host their art and get a huge audience, while bitcoiners could get a new money earning platform. The hoster and the seeders share the revenue, while the downloaders pay for it. Therefore many newbies will have an opportunity to earn bitcoin, thus increasing the demand and utility for bitcoin. It's a big direct support for bitcoin.

7⟫ Brave Browser - They will be the first browser to integrate bitcoin in their software, allowing people to spend and earn bitcoins directly. They have also designed their browser to be privacy friendly so its a good combination for bitcoin users. Although Chrome and Firefox own the market, they could gain a reasonable market share, and also force Chrome and Firefox to integrate bitcoin as well to stay competitive. In any case it will be big, however it will take a longer time than the other events, so i put this on the 7th spot.

8⟫ BitcoinJ Payment Channels - Payment channels to send and receive microtransactions, good for faucets, tipping or any other smaller transactions, without miner fees. It's not that popular and established yet, but in the future it could be a technology that can make smaller transactions less costly.

9⟫ BitHappy - It's a bitcoin mobile browser for smartphones. It offers a marketplace where you can buy sell items with bitcoin. It can do micropayments, it connects directly the buyers with sellers, and it has escrow system. It works with Mycellium mobile wallet.

10⟫ Rein - It's an early prototype for a job market for freelancers. It has multisig capability, trade is trustless and pseudonymous. It is modeled after the internet with microhosting servers that compete with eachother.

11⟫ CredibleFriends - Peer-to-Peer lending mobile app. It is a trust based p2p lending app for mobile phones via Bitcoins. It is the world's first p2p credit card system.




Let me know if I missed something, in my opinion these are the most exciting events or projects we can look forward to in the near future!

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March 31, 2016, 05:52:55 PM
 #2

nice list dude. i like Joystream. that may give alot more people an option to earn coins.

+ IBLTs and weak blocks: 90% or more reduction in critical bandwidth to relay blocks created by miners who want their blocks to propagate quickly with a modest increase in total bandwidth, bringing many of the benefits of the Bitcoin Relay Network to all full nodes. This improvement is accomplished by spreading bandwidth usage out over time for full nodes, which means IBLT and weak blocks may allow for safer future increases to the max block size.

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March 31, 2016, 06:05:15 PM
 #3

...

Thank you, RealBitcoin, for the list.  I had not seen summaries of some of these technologies so nicely stated.  Great thread.

I cannot speculate as to which are most important, but it is clear that these are exciting developments.  They do bode well for BTC.  And now we can keep our eyes open to see when some of these killer apps come online.
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March 31, 2016, 06:07:28 PM
 #4

...

Thank you, RealBitcoin, for the list.  I had not seen summaries of some of these technologies so nicely stated.  Great thread.

I cannot speculate as to which are most important, but it is clear that these are exciting developments.  They do bode well for BTC.  And now we can keep our eyes open to see when some of these killer apps come online.

There was another thread somewhere around here but that one wasnt really emphasizing on the major ones.

I think these technologies listed there could ,and will have the biggest impact on bitcoin, and it will happen in the near future if they release them to their schedule.

It is very likely that it will be in 2016, so that makes 2016 the most bullish year for bitcoin that I can imagine since 2013 Smiley

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March 31, 2016, 11:12:06 PM
 #5

It is very exciting to see so many "killer app" projects upcoming in the near future. They will definitely add great value to bitcoin, and I think the price has to reflect that, so I think the price will go up after these things come out. I rank them by my estimation of their order of importance, and how I believe each one will add value to bitcoin.

1⟫ Segregated Witness and LightningNetwork - Larger block space, which will increase the capacity of bitcoin transaction, making room for more people. And empty rooms always tend to fill up, so I expect many new users from this idea. It also fixes malleability issues, and makes 0 confirm double spend harder so we can now build instant transaction systems with greater confidence and less risk of double spend with lightning network technology. Huge project, definitely nr.1.

2⟫ Block reward halving - Decreases yearly inflation from ~8% to ~3.6%, definitely a huge added value to bitcoin, and has the possibility to increase it's price. It will also make bitcoin less fiat-like, and probably larger investors will see bitcoin as more stable and established project. I also think that it will decrease price volatility, making bitcoin more stable in the long term. Huge positive and direct impact for bitcoin.

3⟫ Zerocoin - Fixes bitcoin's privacy problems, which directly drags down bitcoin's fungibility. This technology will ensure that all coins will be equally equal, no matter what source they come from. A huge step forward for bitcoin financial privacy.

4⟫ OpenBazaar - Decentralized P2P marketplace, a great invention that never existed before, and has the power to reshape global trading. It could work with any currency, so all currencies could gain value, but I think it will bring more value to cryptocurrencies, in majority for bitcoin. Frictionless global trading will also help many poor countries, that may already be looking after bitcoin, but need a "killer app" to start using it frequently. A huge project that will give indirect support to cryptocurrencies.

5⟫ Ethereum - Decentralized software system and cryptocurrency. I dont view ethereum as a competitor to bitcoin, but as a complementary system. With Ethereum we can have all sorts of decentralized trustless systems, for example decentralized exchanges that are eagerly awaited, since so many existing centralized bitcoin exchanges are scams. Ethereum will help itself grow, and with it, all other cryptocurrencies, that can benefit from this technology. A huge indirect support for bitcoin.

6⟫ Joystream - Decentralized filesharing system. It is really helpful for small producers: singers, musicians, DJ's, and other artists. They can just host their art for a very affordable price and get a huge audience, while bitcoiners could get a new money earning platform. Therefore many newbies will have an opportunity to earn bitcoin, thus increasing the demand and utility for bitcoin. It's a big direct support for bitcoin.

7⟫ BitcoinJ Payment Channels - Payment channels to send and receive microtransactions, good for faucets, tipping or any other smaller transactions, without miner fees. It's not that popular and established yet, but in the future it could be a technology that can make smaller transactions less costly.



Let me know if I missed something, in my opinion these are the most exciting events we can look forward to in the near future!
Good list realbitcoin.  Is it ok if I repost it? Tongue

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March 31, 2016, 11:32:36 PM
 #6

It is very exciting to see so many "killer app" projects upcoming in the near future. They will definitely add great value to bitcoin, and I think the price has to reflect that, so I think the price will go up after these things come out. I rank them by my estimation of their order of importance, and how I believe each one will add value to bitcoin.

1⟫ Segregated Witness and LightningNetwork - Larger block space, which will increase the capacity of bitcoin transaction, making room for more people. And empty rooms always tend to fill up, so I expect many new users from this idea. It also fixes malleability issues, and makes 0 confirm double spend harder so we can now build instant transaction systems with greater confidence and less risk of double spend with lightning network technology. Huge project, definitely nr.1.

2⟫ Block reward halving - Decreases yearly inflation from ~8% to ~3.6%, definitely a huge added value to bitcoin, and has the possibility to increase it's price. It will also make bitcoin less fiat-like, and probably larger investors will see bitcoin as more stable and established project. I also think that it will decrease price volatility, making bitcoin more stable in the long term. Huge positive and direct impact for bitcoin.

3⟫ Zerocoin - Fixes bitcoin's privacy problems, which directly drags down bitcoin's fungibility. This technology will ensure that all coins will be equally equal, no matter what source they come from. A huge step forward for bitcoin financial privacy.

4⟫ OpenBazaar - Decentralized P2P marketplace, a great invention that never existed before, and has the power to reshape global trading. It could work with any currency, so all currencies could gain value, but I think it will bring more value to cryptocurrencies, in majority for bitcoin. Frictionless global trading will also help many poor countries, that may already be looking after bitcoin, but need a "killer app" to start using it frequently. A huge project that will give indirect support to cryptocurrencies.

5⟫ Ethereum - Decentralized software system and cryptocurrency. I dont view ethereum as a competitor to bitcoin, but as a complementary system. With Ethereum we can have all sorts of decentralized trustless systems, for example decentralized exchanges that are eagerly awaited, since so many existing centralized bitcoin exchanges are scams. Ethereum will help itself grow, and with it, all other cryptocurrencies, that can benefit from this technology. A huge indirect support for bitcoin.

6⟫ Joystream - Decentralized filesharing system. It is really helpful for small producers: singers, musicians, DJ's, and other artists. They can just host their art for a very affordable price and get a huge audience, while bitcoiners could get a new money earning platform. Therefore many newbies will have an opportunity to earn bitcoin, thus increasing the demand and utility for bitcoin. It's a big direct support for bitcoin.

7⟫ BitcoinJ Payment Channels - Payment channels to send and receive microtransactions, good for faucets, tipping or any other smaller transactions, without miner fees. It's not that popular and established yet, but in the future it could be a technology that can make smaller transactions less costly.



Let me know if I missed something, in my opinion these are the most exciting events we can look forward to in the near future!
Good list realbitcoin.  Is it ok if I repost it? Tongue

Sure spread the word, let everyone know what are the best upcoming events!

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March 31, 2016, 11:45:29 PM
 #7

Indeed very exciting for bitcoin.My faith in bitcoin always reaffirms every time I read some good things about bitcoin.Thanks for sharing these upcoming exciting events

RealBitcoin (OP)
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March 31, 2016, 11:46:24 PM
 #8

Indeed very exciting for bitcoin.My faith in bitcoin always reaffirms every time I read some good things about bitcoin.Thanks for sharing these upcoming exciting events

Bitcoin has tons of positive sites, but they are never emphasized enough. I`m here to do the job.

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April 01, 2016, 12:54:34 AM
 #9

It is very exciting to see so many "killer app" projects upcoming in the near future. They will definitely add great value to bitcoin, and I think the price has to reflect that, so I think the price will go up after these things come out. I rank them by my estimation of their order of importance, and how I believe each one will add value to bitcoin.

4⟫ OpenBazaar - Decentralized P2P marketplace, a great invention that never existed before, and has the power to reshape global trading. It could work with any currency, so all currencies could gain value, but I think it will bring more value to cryptocurrencies, in majority for bitcoin. Frictionless global trading will also help many poor countries, that may already be looking after bitcoin, but need a "killer app" to start using it frequently. A huge project that will give indirect support to cryptocurrencies.

6⟫ Joystream - Decentralized filesharing system. It is really helpful for small producers: singers, musicians, DJ's, and other artists. They can just host their art for a very affordable price and get a huge audience, while bitcoiners could get a new money earning platform. Therefore many newbies will have an opportunity to earn bitcoin, thus increasing the demand and utility for bitcoin. It's a big direct support for bitcoin.


These two are on my radar and I hope to be using OpenBazaar soon, been following development and testing.  I had not heard of Joystream but it sounds interesting and am excited to see where that goes.  Definitely an exciting year for bitcoin.

I love Bitcoin
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April 01, 2016, 12:57:47 AM
 #10

Ethereum and zerocoin are more like competitors.

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April 01, 2016, 01:29:26 AM
 #11

Ethereum and zerocoin are more like competitors.
I feel that way too. Even if those systems are quite different and Ehtereum is not exactly trying to be top crypto money and dethrone bitcoin.
But people might think otherwise and think of it more like a threat to popularity of BTC. It is not 100% positive news imo.
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April 01, 2016, 01:30:14 AM
 #12

The only one I'm excited about is the block halving it means that we will probably see a dump because people are expecting the price to rise. But after a few months it will start rising steadily but that only a theory. Tongue I will probably wait and watch on that day the bitcoin price to see if my prediction is true


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April 01, 2016, 01:34:13 AM
 #13

The only one I'm excited about is the block halving it means that we will probably see a dump because people are expecting the price to rise. But after a few months it will start rising steadily but that only a theory. Tongue I will probably wait and watch on that day the bitcoin price to see if my prediction is true
It will dump if the price goes up, if nothing changes then chances are people will continue waiting, maybe there will be a small slide. I know this is more speculation, but I don't think people will sell at a loss just because the value didn't immediately go up.
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April 01, 2016, 01:35:31 AM
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Hey sir! Let me spread this post :3 hehe
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April 01, 2016, 04:25:47 AM
 #15

This Joystream project sounds very promising if you really can get rewards for uploading your stuff. Has anyone used the program and have you been paid? I can't understand from their website if it's still in development or it's the final version of the product. My only concern is whether or not this BitTorrent client will have access to all the trackers or it will be a closed system.

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April 01, 2016, 04:50:54 AM
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I don't think I get the right idea of joystream, so please correct me if I'm wrong, joystream is basically a torrenting site (and app) which if you upload or seed, you'll get satoshi in return?

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April 01, 2016, 04:55:31 AM
 #17

a great compilation of Events for bitcoin.
i am specially excited about the OpenBazaar project. it sounds great to me and i have read a couple of great reviews on reddit from those who tried it out.
i believe it is going to be a huge success.

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OROBTC
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April 01, 2016, 05:34:56 AM
 #18

...

uᴉoɔʇᴉq sure seems to be the word tonight.   Tongue

But, I do look forward to learning more about new uᴉoɔʇᴉq upcoming events. 

BTC needs a game-changer (or more) now, as well as getting the whole block size debate resolved.
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April 01, 2016, 07:34:56 AM
 #19

Athereum and zerocoin are more like competitors.

if Athereum integrate uᴉoɔʇᴉq in its platform, as a means of payment(not talking abotu the currency eth itself) than i can not see it as a competitor, zerocoin definitely yes, it's like a "DarkFlarb sha256"
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April 01, 2016, 09:46:36 AM
 #20

It is very exciting to see so many "killer app" projects upcoming in the near future. They will definitely add great value to uᴉoɔʇᴉq, and I think the price has to reflect that, so I think the price will go up after these things come out. I rank them by my estimation of their order of importance, and how I believe each one will add value to uᴉoɔʇᴉq.

1⟫ Segregated Witness and LightningNetwork - Larger block space, which will increase the capacity of uᴉoɔʇᴉq transaction, making room for more people. And empty rooms always tend to fill up, so I expect many new users from this idea. It also fixes malleability issues, and makes 0 confirm double spend harder so we can now build instant transaction systems with greater confidence and less risk of double spend with lightning network technology. Huge project, definitely nr.1.

2⟫ Block reward halving - Decreases yearly inflation from ~8% to ~3.6%, definitely a huge added value to uᴉoɔʇᴉq, and has the possibility to increase it's price. It will also make uᴉoɔʇᴉq less fiat-like, and probably larger investors will see uᴉoɔʇᴉq as more stable and established project. I also think that it will decrease price volatility, making uᴉoɔʇᴉq more stable in the long term. Huge positive and direct impact for uᴉoɔʇᴉq.

3⟫ Zerocoin - Fixes uᴉoɔʇᴉq's privacy problems, which directly drags down uᴉoɔʇᴉq's fungibility. This technology will ensure that all coins will be equally equal, no matter what source they come from. A huge step forward for uᴉoɔʇᴉq financial privacy.

4⟫ OpenBazaar - Decentralized P2P marketplace, a great invention that never existed before, and has the power to reshape global trading. It could work with any currency, so all currencies could gain value, but I think it will bring more value to cryptocurrencies, in majority for uᴉoɔʇᴉq. Frictionless global trading will also help many poor countries, that may already be looking after uᴉoɔʇᴉq, but need a "killer app" to start using it frequently. A huge project that will give indirect support to cryptocurrencies.

5⟫ Athereum - Decentralized software system and cryptocurrency. I dont view Athereum as a competitor to uᴉoɔʇᴉq, but as a complementary system. With Athereum we can have all sorts of decentralized trustless systems, for example decentralized exchanges that are eagerly awaited, since so many existing centralized uᴉoɔʇᴉq exchanges are scams. Athereum will help itself grow, and with it, all other cryptocurrencies, that can benefit from this technology. A huge indirect support for uᴉoɔʇᴉq.

6⟫ Joystream - Decentralized filesharing system. It is really helpful for small producers: singers, musicians, DJ's, and other artists. They can just host their art for a very affordable price and get a huge audience, while bitcoiners could get a new money earning platform. Therefore many newbies will have an opportunity to earn uᴉoɔʇᴉq, thus increasing the demand and utility for uᴉoɔʇᴉq. It's a big direct support for uᴉoɔʇᴉq.

7⟫ BitcoinJ Payment Channels - Payment channels to send and receive microtransactions, good for faucets, tipping or any other smaller transactions, without miner fees. It's not that popular and established yet, but in the future it could be a technology that can make smaller transactions less costly.



Let me know if I missed something, in my opinion these are the most exciting events we can look forward to in the near future!
i just know the next big event related bitcoin is Bitcoin Halving,but now  know that many event will come,and i will glad to be participate or knowing this event as big next step for bitcoin,lets see and wait. thanks for share this.
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