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Question: Should the ideas proposed for the second bitcoin whitepaper be added to the main bitcoin block-chain?
Yes. Add risk transfer and pegged derivatives to bitcoin (Make me a billionaire!) - 2 (9.1%)
No. (Keep your crazy ideas out of our block chain.) - 2 (9.1%)
No. (Create a new currency on a new block chain) - 11 (50%)
tl;dr (Too long; Didn't Read) - 4 (18.2%)
Will you just shut up? (I am so tired of this) - 3 (13.6%)
Don't care. - 0 (0%)
Total Voters: 22

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Author Topic: [POLL] Add ideas from second bitcoin whitepaper proposal to bitcoin?  (Read 1053 times)
dacoinminster
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July 27, 2011, 09:12:22 PM
 #1

Imagine my ideas for the second bitcoin white paper (http://forum.bitcoin.org/index.php?topic=31645.0) turn out to be feasible (this is a big IF).

Would you want to see this kind of functionality added to bitcoin? Is it an interesting idea that should go in a different block chain? Should I just shut up?

Vote now!

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dacoinminster
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July 28, 2011, 02:40:13 PM
 #2

Imagine my ideas for the second bitcoin white paper (http://forum.bitcoin.org/index.php?topic=31645.0) turn out to be feasible (this is a big IF).

Would you want to see this kind of functionality added to bitcoin? Is it an interesting idea that should go in a different block chain? Should I just shut up?

Vote now!

Hmmm. The consensus seems to be that rather than mess with bitcoin, I should shut up and make my own block chain!

Maybe someday I'll have time to make my own block chain. In the meantime, my goal is to bring attention to these ideas in case somebody else has time.

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July 29, 2011, 12:04:59 AM
 #3

Hmmm. The consensus seems to be that rather than mess with bitcoin, I should shut up and make my own block chain!
Only because your ideas don't improve bitcoins but take them in a completely different direction.

Something that would improve bitcoins and would also make your ideas easier to implement would be a secure and distributed way to pull bitcoins out of one hash chain and insert them into a new hash chain in such a way that they could securely be imported back into the bitcoin hash chain. Unfortunately, I'm not clever enough to come up with a way to do that ... yet.

(The primary issue is that whoever pulls bitcoins out of the bitcoin hash chain has to specify how they're claimed. There's no good way to say 'they can be claimed by whoever owns so many coins in another hash chain'. One obvious way, to require all bitcoin clients to follow the other hash chain to verify the re-import is a non-starter. And requiring the bitcoins be transferred in the bitcoin hash chain each time they change hands in the other hash chain defeats the point.)

I am an employee of Ripple.
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Sukrim
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July 29, 2011, 05:34:26 AM
 #4

What I liked about the Bitcoin whitepaper was that it was written AFTER a working client was done.

Having nice ideas is one thing. Actually getting down and writing the code and then presenting your findings though is far more likely to get some attention. If you get stuck in the middle, finish something else or ask for some concrete help. Just rating a whole general concept is far too general in my point of view and will lead to just some pinpointing of some small flaws that might not even be that important after all.

It seems you have some big ideas with currencies pegged to some real-world things (be it USD, oil or water). Bitcoin isn't the currency for that, but might be a currency in which these other "currencies" are traded.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
dacoinminster
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July 29, 2011, 03:14:36 PM
 #5

I agree with all the above, and I thank all of you for helping me brainstorm about these crazy ideas. Hopefully there are some awesome and interesting block chains coming that will be ride along on bitcoin hashing and store value in various interesting and innovative ways.

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August 08, 2011, 06:12:08 PM
 #6

I have decided that I like morpheus' idea better than my own, so I am locking my threads about this stuff, and I encourage anyone interested in coins like this to check out his thread:

https://bitcointalk.org/index.php?topic=29135.0

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