Bitcoin endgame (v1.0 ?)

[oinkoink]

 

[Velkro]

Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?

Could be never, because bitcoin must adjust in means of social, security and engineering to be viable.
But that doesnt mean its bad thing, its very good thing it CAN adjust

[Maskedman]

No it can't, but v1.0 can be deployed. That won't mean the end of Bitcoin, since there is so many things that have a version over 1.0.

[ranochigo]

It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.

[Kprawn]

There is no advantage in having a protocol where every aspect is set in stone. We have always said, one of the advantages of Bitcoin is it's

adaptability to change. If someone bring out a feature in a Alt coin, and it might be beneficial for Bitcoin... then Bitcoin can adapt to that like a

Chameleon.  ... Yes, some of elements should be "set in stone" to protect it's value.. like the Coin Cap and the reward intervals.. etc.. 

[ranochigo]

Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size.

i disagree here, one selling point of BTC is (for me at least) that it is and should be very hard to change rules and adapting to "needs".
i would reverse what you said: BTC is what it is maybe it covers (some of) your needs and if not, go away

personally i can not only live with a "gold" like bitcoin i would prefer it, where a transaction is expensive and the asset is expensive, so to say it in words of others: buy your coffee with layer2/altcoins/paypal/visa/whatever and buy your house/expensive things directly on-chain with BTC

The main attractive point of Bitcoin is the transparency and the fixed market cap. Bitcoin can be changed and ONLY those who wants the change will opt for it and  the others will simply stay with the old rule. For example, if a tiny fraction of the users support the increase in market cap, those who supports it will opt for it and it would eventually die because it is not a beneficial change to most. The community will decide whats good for them and whats not.

Transactions aren't expensive. Bitcoin is capable of handling more transactions with the technological advancements.

[Milkduds]

Change is constant and to not change would banish the future potential of bitcoin and allow another concept to run with the limelight.
I do find it funny that it seems to be one of the biggest issues that divide us,being change or alterations to bitcoin.
Change is also one of the biggest hurdles in real life for people to adjust to or shut down over,so I guess this issue is just reflecting human nature.

I hope bitcoin does not change for the purpose of change and that each step is well though out,I do except that it is inevitable for bitcoin to evolve.

[thejaytiesto]

I have wondered myself about this a lot of times. Some people claimed that we will never see 1.0 during our lifetime... this is pretty insane to think. I don't know any other software that has took an entire lifetime of development and it still being below version 1.0. Maybe Bitcoin can be the software that took the longest to develop (as in to reach 1.0).

I think we will reach 1.0 until we find a solution for the mining centralization.

[calkob]

I doubt anyone can answer this question and i doubt that it will ever be finished, def not in the next 20 years anyway.  

[thejaytiesto]

It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.

Well, satoshi himself said that the core protocol rules were set in version 0.1 and it would be a disaster to try to change them, he didn't believe in an alternative bitcoin to these rules. For example, changing 21 million total coins would be a disaster, I don't think no one will attempt that because it would be an insta kill for bitcoin. So some rules must be set in stone, the fact theoretically you could change them doesn't matter to advance version number.

[coin-investor]

It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.

This is the reason why so many altcoins are popping up,same features but different usage and roadmap,they used it to make money from the others.
Cloning Bitcoin has become a huge business..

[Herbert2020]

when it comes to new technologies (bleeding edge?) you can never expect a last version that never changes. but instead everything will continue changing and being improved to match the new world and the new usages that people need in the future. but eventually this will slow down since there isn't much to change after a point apart from changing some stuff about the signatures in like 50 years so it matches the speed of computers (security improvement) by that time

[clickerz]

Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?

Could be never, because bitcoin must adjust in means of social, security and engineering to be viable.
But that doesnt mean its bad thing, its very good thing it CAN adjust

Correct, bitcoin should innovate also and adjust the needs of this changing times. Bitcoin consortium could implement what is needed because we have a fast changing advancement in technology. What is acceptable today is possibly obsolete in the coming years. They need to patch up things that is not working anymore.

[groll]

It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.

Yeah I agree with you mate. Bitcoin is designed to adopt on changes and trends happening in the society. Just think of this, if all the rules will be set in stone for life, what if there will be unexpected changes to happen in bitcoins track and some rules would counteract for those changes? Then those rules will be opted to be changed then. So i think rules for bitcoin should remain free floating.

[Senor.Bla]

as many mentioned code is never finished and it is kind of unrealistic to expect it with bitcoin. but for the sake of the argument let us assume we have a version where we can say it is safe to run and has all necessary options included that we need. i would not change it anymore until a time were security changes needed to be made.

[billybobmaryjoe]

Bitcoin will never be complete. Its an ongoing process and will continue to be. And the arrogant devs will continue to argue. Until something else comes along. I would put money on it.

[yayayo]

Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.

Yes I think that is possible, if you add privacy and security updates to the list of "allowed changes". The most important rules of the Bitcoin network are already effectively set in stone - coin release and maximum number of coins possible. Given the current scaling debate, people might get the wrong impression that there is widespread willingness to change every single rule, Bitcoin is operating on. But in fact, most efforts center around making Bitcoin scale efficiently.

So I think it's possible that we may see a "final version" of Bitcoin in future. The reason is that Bitcoin itself can remain a relatively basic system - experimentation and new innovations can happen in 2nd layers and sidechains. Bitcoin will just be a framework for more complex structures built on it.

ya.ya.yo!

[Xester]

It is impossible to have such kind of a system. If it is possible then to make it come through we must have an agency or a group that is detailed to do such things. Then the essence of decentralization will be lost in space. The concept is good though but I prefer the system as it is today. Bitcoin is still working and loved by the people the way it is now.

[Kprawn]

Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.

Yes I think that is possible, if you add privacy and security updates to the list of "allowed changes". The most important rules of the Bitcoin network are already effectively set in stone - coin release and maximum number of coins possible. Given the current scaling debate, people might get the wrong impression that there is widespread willingness to change every single rule, Bitcoin is operating on. But in fact, most efforts center around making Bitcoin scale efficiently.

So I think it's possible that we may see a "final version" of Bitcoin in future. The reason is that Bitcoin itself can remain a relatively basic system - experimentation and new innovations can happen in 2nd layers and sidechains. Bitcoin will just be a framework for more complex structures built on it.

ya.ya.yo!

in the context of this scaling debate i also have the feeling a big % of the network prefers a basic btc-network without any changes.
despite the loud onchain-scaling-crowd

Most people using Bitcoin on a daily basis, do not want to know everything related to the intricacies of the Bitcoin protocol. They want it to

be secure and fast. How many people still believe that Fiat currencies are pegged to gold? Ask them, and you will be amazed how ignorant the

general public is to the thing {money} ... that they are using every day.   

[European Central Bank]

well, we might well already be set in stone apart from bug fixes. i don't think the future looks too bright if that's the case but it could be. if people can't agree how to improve it now when it's still tiny then there ain't a hope in hell they'll manage it further down the line.