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Author Topic: How is BTC being developed?  (Read 1260 times)
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January 18, 2017, 09:24:30 PM
 #1

Since BTC has a decentralized network, the question pops up that how the "core developers" can develop it?
Isn't changing the software means the power of influencing how the network is working?

I am writing about the development of the original BTC blockchain, not the altcoins.


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January 18, 2017, 09:36:44 PM
 #2

Since BTC has a decentralized network, the question pops up that how the "core developers" can develop it?
Isn't changing the software means the power of influencing how the network is working?

I am writing about the development of the original BTC blockchain, not the altcoins.

Most simply, when "core developers" or other developers work on new versions of the software,
due to it being a decentralized network, those changes only take effect when a majority of software
users use that specific version. You essentially vote by your preferred software choice.

If users like a proposed change, they use that version, if they do not, they do not use that version.
Over time, it is assumed a specific version will gain a sizable majority and that proposed change(s)
becomes the new protocol or new version. Again, the changes do not take effect until that specific
majority number is met and then after some additional time, becomes fully functional on the global
network.

Changes are only made, when a majority agrees to that change.
This is called Consensus and is how Bitcoin allows for changes in the protocol/code.


I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
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January 18, 2017, 10:26:40 PM
 #3

How is BTC being developed?

Poorly and slowly.

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January 18, 2017, 11:01:10 PM
 #4

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

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January 19, 2017, 12:23:45 AM
 #5

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

Most of the key devs that were devoting their lives to it have moved on to other projects, Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible, devs are not paid so their motivation is lacking which has led them to work on other projects like lightening, blockstream, etc. It's really a multitude of problems with the system that even other open source projects don't have and I think it's because money is directly involved. People work on Linux distros out of love and care about the project. People work on Bitcoin for cold hard cash and they've proven that time and time again.

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January 19, 2017, 12:48:07 AM
 #6

Since BTC has a decentralized network, the question pops up that how the "core developers" can develop it?
Isn't changing the software means the power of influencing how the network is working?

I am writing about the development of the original BTC blockchain, not the altcoins.
To my knowledge a lot of it comes from the core developers having one of the most successful wallets within the Bitcoin economy, and as they develop it they put out a new version for core and then update it that way.

Most of the changes are soft though, a majority of the hard/big forks end up stuck in dev hell, like segwit or whatever that other proposed method was. It's rare to see core go and just do something huge without community backing.














 

 

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January 19, 2017, 01:33:35 AM
 #7

Core don't make anyone to trust them If you wish you can participate if you're able to create a code. Suggest something valuable. Peaple see who is professional and thrust their money and we see the growing capitalization.
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January 19, 2017, 01:45:57 AM
 #8

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

Most of the key devs that were devoting their lives to it have moved on to other projects, Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible, devs are not paid so their motivation is lacking which has led them to work on other projects like lightening, blockstream, etc. It's really a multitude of problems with the system that even other open source projects don't have and I think it's because money is directly involved. People work on Linux distros out of love and care about the project. People work on Bitcoin for cold hard cash and they've proven that time and time again.
i agree with you sir. due to lack of motivation like payment for there hardwork, they try to go other project. whether or not they love what they are doing as long as it compensate them enough.. if only they are being paid right, enough and satisfying, then it will motivate them to do more innovations and developments that would really help the bitcoin community in the near future.

 
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January 19, 2017, 04:34:54 AM
 #9

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

Most of the key devs that were devoting their lives to it have moved on to other projects, Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible, devs are not paid so their motivation is lacking which has led them to work on other projects like lightening, blockstream, etc. It's really a multitude of problems with the system that even other open source projects don't have and I think it's because money is directly involved. People work on Linux distros out of love and care about the project. People work on Bitcoin for cold hard cash and they've proven that time and time again.
i agree with you sir. due to lack of motivation like payment for there hardwork, they try to go other project. whether or not they love what they are doing as long as it compensate them enough.. if only they are being paid right, enough and satisfying, then it will motivate them to do more innovations and developments that would really help the bitcoin community in the near future.

It's not like I'm ungrateful for their work. I understand the need to eat. I just don't think the devs working on Bitcoin see beyond their ability to use Bitcoin for wealth and peer recognition. Bitcoin just doesn't seem to attract the same kind of personalities that Linux does.

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January 19, 2017, 06:31:46 AM
 #10

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

Most of the key devs that were devoting their lives to it have moved on to other projects, Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible, devs are not paid so their motivation is lacking which has led them to work on other projects like lightening, blockstream, etc. It's really a multitude of problems with the system that even other open source projects don't have and I think it's because money is directly involved. People work on Linux distros out of love and care about the project. People work on Bitcoin for cold hard cash and they've proven that time and time again.
i agree with you sir. due to lack of motivation like payment for there hardwork, they try to go other project. whether or not they love what they are doing as long as it compensate them enough.. if only they are being paid right, enough and satisfying, then it will motivate them to do more innovations and developments that would really help the bitcoin community in the near future.

It's not like I'm ungrateful for their work. I understand the need to eat. I just don't think the devs working on Bitcoin see beyond their ability to use Bitcoin for wealth and peer recognition. Bitcoin just doesn't seem to attract the same kind of personalities that Linux does.

Have I missed something? I thought some of these developers were working for MIT & Blockstream to specifically work on Bitcoin? I thought they worked on Bitcoin full-time? How would investors feel, if they are moving onto other projects and not concentrating on Bitcoin? Interesting, I would like to know, what the motivations were for people to invest in Blockstream, if it was not for development of Bitcoin related projects. ^hmmmmm^

Source :> http://www.wsj.com/articles/bitcoin-startup-blockstream-raises-55-million-in-funding-round-1454518655

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January 19, 2017, 06:45:56 AM
 #11

Bitcoin is developed with high security with high potential outcomes. Its been developed as an technology which further on the support from users around the world has now been used as an investment and as a currency similar to one that we use in our daily life. Right now stores accepting bitcoin is quite low and keep on counting.


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January 19, 2017, 07:04:17 AM
 #12

there are proposal and some of them may fix some issue for the short term, but as long as there is no consensus there is no development, we will remain with the current core

but update are still being released, recently the 13.2 version has been released, there is still more things to add to make it easy to use for the average joe
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January 19, 2017, 07:31:04 AM
 #13

Is there any other projects like any altcoin being developed by core team? I think if the same team and names with the same principles and professionally dedicated commitment start working on a real alternative to bitcoin, lets call it something that shows it could be trusted and as an improved bitcoin without bitcoin's flaws or weaknesses.
Have they done something like that? if so then I can't see in bitcoin.org.
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January 19, 2017, 04:33:11 PM
 #14

Is there any other projects like any altcoin being developed by core team? I think if the same team and names with the same principles and professionally dedicated commitment start working on a real alternative to bitcoin, lets call it something that shows it could be trusted and as an improved bitcoin without bitcoin's flaws or weaknesses.
Have they done something like that? if so then I can't see in bitcoin.org.

They are focussing on SegWit and the Lightning Network for now, but this can be adapted {or so I am told } to fit other Alt coins, like

LiteCoin. So we might see an improved Alt coins soon, if consensus cannot be reached that it should be included into Bitcoin. This will most

definitely close the gap between Bitcoin and these Alt coins in the future. They should listen to the users, not your own pockets.  Roll Eyes

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January 19, 2017, 09:07:27 PM
 #15

Thank you for explaining the development process! I understand now how BTC is being developed and the problems with it. I find the idea that the people who are developing BTC are different personalities than the developers of Linux very interesting. I think, the personalities that a project attracts have major impact on the project's development. In BTC, we cannot separate it from our direct financial interests. But I think the more important problem is the diversity of community. As it is written in the core protocol, users have the power to decide which direction BTC will move further. Core developers take care of its technical requirements. But since the different sections of the community have very different financial interests, reaching consensus seem to be almost impossible. Will crypto's future be the eternal war of coins? I keep it possible after all.


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January 19, 2017, 09:13:48 PM
 #16

How is BTC being developed?

Poorly and slowly.

So, what's in your opinion in case to make the developing progress be better and faster instead of poorly and slowly?
I understand that bitcoin development require many agreement from devs teams, miners and users that called consensus just like mentioned above. We can't say it will easy due to we don't have any leader and decentralized system if bitcoin, that what makes it interesting. You may share your thoughts to inform us.

Most of the key devs that were devoting their lives to it have moved on to other projects, Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible, devs are not paid so their motivation is lacking which has led them to work on other projects like lightening, blockstream, etc. It's really a multitude of problems with the system that even other open source projects don't have and I think it's because money is directly involved. People work on Linux distros out of love and care about the project. People work on Bitcoin for cold hard cash and they've proven that time and time again.
i agree with you sir. due to lack of motivation like payment for there hardwork, they try to go other project. whether or not they love what they are doing as long as it compensate them enough.. if only they are being paid right, enough and satisfying, then it will motivate them to do more innovations and developments that would really help the bitcoin community in the near future.

It's not like I'm ungrateful for their work. I understand the need to eat. I just don't think the devs working on Bitcoin see beyond their ability to use Bitcoin for wealth and peer recognition. Bitcoin just doesn't seem to attract the same kind of personalities that Linux does.

Have I missed something? I thought some of these developers were working for MIT & Blockstream to specifically work on Bitcoin? I thought they worked on Bitcoin full-time? How would investors feel, if they are moving onto other projects and not concentrating on Bitcoin? Interesting, I would like to know, what the motivations were for people to invest in Blockstream, if it was not for development of Bitcoin related projects. ^hmmmmm^

Source :> http://www.wsj.com/articles/bitcoin-startup-blockstream-raises-55-million-in-funding-round-1454518655

Bitcoin was developed by Satoshi to allow payments to be sent from one party to another without the need for a trusted third party. It wasn't designed to make developers or third parties rich. Side chains, lightening network, smart contracts, Casascius coins, or any of the other third party crap isn't Bitcoin. Many key devs have jumped ship to work on things that Bitcoin doesn't need only to line their own pockets.

http://www.coindesk.com/blockstream-21-million-funding-will-drive-bitcoin-development/

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January 19, 2017, 09:21:36 PM
 #17

The ideas posted here are all what people say are blockstream's ideals. Some people like to think they are misled.

You could argue that Bitcoin's system of decentralisation does not have to extend to the development, just the network. So if blockstream comes out with an update, it's solely the network's choice to move over to them.

With regarding the other hard forks - If Bitcoin core was a hard fork, would you have chosen them over the diverse selection of supposedly better (depends on your view) forks.



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January 19, 2017, 09:35:23 PM
 #18

Chinese miners are controlling development (like block size), getting consensus has proven to be all but impossible,

here is the issue.

instead of making it a 2 part consensus
nodes first
pools second

blockstream decided to skip the hard consensus and went soft requiring just pools to form consensus.

the problem.. smart and risk averting pools wont flag desire for something if the nodes they send this new data to are not full validating nodes to double check the new data.

so while the node count is low. pools are not in a rush to change.. as there are risks of letting unupdated nodes just pass data on blindly.

it should have always been a real consensus vote. and core(blockstream) just thought they could slip it under the rug before christmas by bypassing real consensus by making it soft.. but pools wont risk it

dont blame pools when it was blockstream paid devs that decided to make the pools the decision makers. rather than a full community vote

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January 19, 2017, 09:47:17 PM
 #19

I agree with QuestionAuthority that compensation of the Devs is a problem. I also imagine that it is hard to put all your time in a project and at the end it goes i a totally different direction then you wanted it to go. Developing your own Bitcoin is not really a solution to this. Then you decide to go for the money. 

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January 19, 2017, 09:52:16 PM
 #20

The ideas posted here are all what people say are blockstream's ideals. Some people like to think they are misled.

You could argue that Bitcoin's system of decentralisation does not have to extend to the development, just the network. So if blockstream comes out with an update, it's solely the network's choice to move over to them.

With regarding the other hard forks - If Bitcoin core was a hard fork, would you have chosen them over the diverse selection of supposedly better (depends on your view) forks.

When blockstream becomes a non-profit and gives back the almost $100 million dollars of VC money I'll take back what I said about them.  Other than performing the above, their ideals are pretty self evident.


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