Exciting Bitcoin Projects!

[Kakmakr]

I cannot wait for SegWit and the Lightning network and hope it gets released before the OpenBazaar goes mainstream. I think we will see a significant increase in the adoption rate, once OpenBazaar goes wild and this will add a lot of extra traffic, just in time for the improvements that SegWit and the Lightning network will bring. ^smile^

[Xianantung]

I cannot wait for SegWit and the Lightning network and hope it gets released before the OpenBazaar goes mainstream. I think we will see a significant increase in the adoption rate, once OpenBazaar goes wild and this will add a lot of extra traffic, just in time for the improvements that SegWit and the Lightning network will bring. ^smile^

It will take a while for the OpenBazaar to go mainstream, as the reputation system will take many months to establish.

[KenR]

That's a good list you have there mate.I'm stoked for OpenBazzar.Though its already launched in its Beta stages,I'm waiting for a final official launch from the developers where the node-node architecture is fixed.

[Denker]

I cannot wait for SegWit and the Lightning network and hope it gets released before the OpenBazaar goes mainstream. I think we will see a significant increase in the adoption rate, once OpenBazaar goes wild and this will add a lot of extra traffic, just in time for the improvements that SegWit and the Lightning network will bring. ^smile^

SegWit we might see implemented in the next weeks.
Lightning Network will definitely take much much more time.
But maybe other forms of payment channels like 21inc's version will be realized sooner.We'll see.

[faridkifly]

very good list dude  
I'll find out more in one by one. Thank you very much!

[talkbitcoin]

informative topic. i didn't know about Joystream.
also #7 never heard of BitcoinJ Payment Channels before but for micro-payment for faucets there is faucetbox and for other platforms like for tipping i have seen a lot of bots on reddit. i don't quite understand the usage of this.

[yenxz]

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!

some link doesn't work,can somebody tell me when this event starting?i just know bitcoin halving will start on july,and just it,other event i never heard it.

[RealBitcoin]

Athereum and zerocoin are more like competitors.

Not necessarly.

Ethereum can build decentralized exchanges because many are scams. Or any other decentralized investments like faucets, gambling,trading, etc.

There are tons of scam sites in this domain, so if we remove the trust in the middleman and put the trust in the code it would be better.

And of course it would be compatible with bitcoin.


Zerocoin has only 1 function, privacy and fungibility for bitcoin. It doesnt dethrone anyone.

[RealBitcoin]

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.

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?

Seeders get paid, downloaders pay the seeders.

So you write a book, upload it, set a download price, and then those that download it pay for it.

I edited the first post, now the explanation is more clear regarding joystream. Its basically a revenue sharing system between hosters and seeders.

[Corenin]

I am very much excited for halving and I have a strong feeling that price will be higher at the time of halving so just curious and waiting for it.

[ATguy]

I cannot wait for SegWit and the Lightning network and hope it gets released before the OpenBazaar goes mainstream. I think we will see a significant increase in the adoption rate, once OpenBazaar goes wild and this will add a lot of extra traffic, just in time for the improvements that SegWit and the Lightning network will bring. ^smile^

It will take a while for the OpenBazaar to go mainstream, as the reputation system will take many months to establish.

Probably many years instead. The situation might be similar to localbitcoins, already here many years, but centralized solutions to buy/sell Bitcoin are much more used, so Im pretty sceptical OpenBazaar can compare with ebay in next 5-10 years.

[RealBitcoin]

Probably many years instead. The situation might be similar to localbitcoins, already here many years, but centralized solutions to buy/sell uᴉoɔʇᴉq are much more used, so Im pretty sceptical OpenBazaar can compare with ebay in next 5-10 years.

It will take some time until the sheeps catch in, but I expect at least by next year the entire Ｂｉｔｃｏｉｎ community will use it.

So It could bring a couple billions into our economy.

[gkv9]

That's a nice list of what we are expecting from Bitcoin's future...
Let's hope we could see Bitcoin get mainstream with all this, as I want this to be used everywhere as a currency itself as I don't want to sell them for local currencies...

[maokoto]

I am eager for all this, specially joystream, which I have been reading about for big while now, and never seems to be put to work.

[justspare]

I am mostly looking forward to halving. I have been stocking up on Bitcoin so that I will make a lot of profit after halving.

[holydarkness]

Seeders get paid, downloaders pay the seeders.

So you write a book, upload it, set a download price, and then those that download it pay for it.

I edited the first post, now the explanation is more clear regarding joystream. Its basically a revenue sharing system between hosters and seeders.

And the downloader payment are deducted from their already invested wallet? Its clever and innovative, appreciating small artist(s) and allow them to grow, just as you said. I don't assume people can say that torrenting would  be a piracy anymore (a paradigm that I believe are still set on some people's mind) since that we pay for the torrent file.

[jak1]

That's a good list you have there mate.I'm stoked for OpenBazzar.Though its already launched in its Beta stages,I'm waiting for a final official launch from the developers where the node-node architecture is fixed.

The list is very comprehensive.  However the most important part for me is the Halving.
That will really determine the future of this currency in the long term. Lets hope for the
best.

[jethrorn99]

That's a good list you have there mate.I'm stoked for OpenBazzar.Though its already launched in its Beta stages,I'm waiting for a final official launch from the developers where the node-node architecture is fixed.

The list is very comprehensive.  However the most important part for me is the Halving.
That will really determine the future of this currency in the long term. Lets hope for the
best.

Can't wait for the halving. When the halving come, people will sell their bitcoin like crazy 

Bitcoin will still be strong for a long time.

[RealBitcoin]

I forgot about the brave browser: https://www.brave.com/

It is now added to the list on the 7th spot! 

[RealBitcoin]

Openbazaar is out:

https://www.reddit.com/r/Bitcoin/comments/4dcaar/openbazaar_open_for_business/