The Perfect Bitcoin

[amishmanish]

call it curiosity.My query is your thoughts on the Perfect Bitcoin. I am certain Satoshi would have some alterations .

Why do you think there can be a "Perfect Bitcoin". And that would come from alterations by Satoshi. Bitcoin has gone hundreds of alterations since beginning and continues to do so.

Would have some tweek or adjustment . Being the first has its downfalls. You become the example of what to do and what not to. Be  Satoshi for a bit if you can spare the time. Ask yourself what is the Perfect Bitcoin?

As Bitcoiners, we are accustomed to this sort of concern-trolling. People who aren't actually interested in learning about Bitcoin but just want to ask rhetorical questions. You guys fail to take into account the countless examples of centralized shitcoins that are nowhere near being trustless and censorship resistance.
Tell me what "whitepaper" you've read that makes you confident to post these presumptuous questions? (I can see you made multiple posts with one about blocktime and difficulty adjustment). We can take it from there, if you want to.

One thing I am certain of, is that the man who invented Bitcoin as a reaction to the monetary collapse of 2008 and shameless bailouts, would instantly recognize the bag-holders of "corporation" and "foundation" coins that are so eager to masquerade as supporters of financial sovereignty.

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[Ruvi2000sew]

 I believe Nakamoto is now content with the size of the bitcoin network he has constructed. Also, there is no such thing as perfection in this world, and even if Satoshi adds or changes something in bitcoin's characteristics, it will never be flawless. Because there are no flawless things in this world, there will always be a problem with bitcoin's security, privacy, gas fee, and so on.

[maxreish]

Nakamoto already achieved what he wanted to do with his bitcoin. We cant actually change bitcoin today, thus altcoins was created to compensate all the bitcoin's lack characteristics. That blockchain system associated with it definitely is an advantage. Though, I admit that some flaws like high fees should be change.

[btc-room101]

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower  
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

What you want for Bitcoin simply has so many flaws that I don't even know where to start. Even the proof of stake part itself is exceptionally bad for Bitcoin; imagine how much power exchanges would have over the network if Bitcoin was PoS.

Proof of Snake ( oligarchs wet dream ) is proof right there that this 'concern troll' is working for 'them'

[ Remember here noobs, what POS, they call 'proof of stake', I call proof-of-snake means is that only WHALES get to decide bitcoin future, it means the little guy is silenced forever, it means that once one whale with +51% takes over bitcoin, that its his forever, essentially a coup. This defy's all of the orginal NakaomotSAtoshi(NSA) mythology of btc being 'every little guys bank' POS is just same-same as we have now, another FED-RES bank, where whales oversee bitcoin. F**K POS. ]


Proof of Work, works, 21M coins works, actually as a store of value, not for shopping BTC is fine right now.

Contracts? Well the 'lisp' model on CHIA would be nice, and remember if you want bytes on the block-chain U must pay for the space, so it really there problem

Interest rate? I think this bot, messed up here

Fee's destroyed? Well obviously our POS doesn't want our miners ( the builder of blockchain consensus ) to make anything for running full-nodes and miners

Actually BTC IMHO only has one serious problem, the crypto is old an Obsolete, need sha512 for hash, and secp512k1 for keys, so it can't be broken another 20+ years. WRT to the blockchain size, who cares if CHIA can do 14EB and double per week, then a blockchain can do 1TB ( now what 400gb? )

For a long-term store of value, BTC must make the crypto more secure before all is stolen. I personally believe that DEV (NSA) wants BTC to revert to zero, which is why they sit on their arse. Maybe this is the play all along for FED-COIN, BTC was the trojan horse, it fails and uncle-scam slides in FED-COIN as savior?

Lastly,PRIVACY, PRIVACY, PRIVACY; for BTC 3.0 we need to have z-snark, or some means to have private transactions, this is the major failing of bitcoin right now that people who want privacy must use monero, or zcash clones; why in the hell does BTC-DEV-CORE drag their arse on privacy, oh that's right KYC big-banks own the core, ok so its time for another BITCOIN fork.

[TOM Bb]

In my eyes, Bitcoin is also perfect. He is perfect because he has his own unique attributes, which guarantees his vitality. Then there are many people who have a consensus firmly believe in Bitcoin and support Bitcoin. Bitcoin has its own strong support and backing.

[dimonstration]

Nakamoto already achieved what he wanted to do with his bitcoin. We cant actually change bitcoin today, thus altcoins was created to compensate all the bitcoin's lack characteristics. That blockchain system associated with it definitely is an advantage. Though, I admit that some flaws like high fees should be change.

We can't deny the fact that more adoption causes higher fees in every transactions. These fees is already part of bitcoin and to really gained profit we need to master how to trade and make the most out of it so if there are fees it can be unnoticeable due to profit we can somehow gets.

[Shasha80]

I'm sure if he's alive and a person, he wouldn't change much of what's actually going on, except would be proud and glad of what he has done and how his project became one of the most successful project of the world in his history. If he is aware of this movement, I'm sure in night he sleeps at peace knowing how much power he has brought back to the hand of people snatching it away from the government and evil who took it from us!

I also hope Satoshi Nakamoto is well, most likely he won't change anything. Because Bitcoin with all its shortcomings can be useful for the lives of
many people, surely Satoshi Nakamoto is very happy with what Bitcoin has now achieved. Satoshi Nakamoto is one of the most successful with his
creation, without being identified, he can live freely without government interference.

[Obito]

I think satoshi will probably focus on network congestion and transaction fees if satoshi is still here because in my opinion, this two are the biggest problem for the circulation of the economy.

[btc-room101]

I think satoshi will probably focus on network congestion and transaction fees if satoshi is still here because in my opinion, this two are the biggest problem for the circulation of the economy.

Why would SatoshiNAkamoto care one iota about fee's, and congestion. The experiment is/was a success, the 'digitization of wealth' is now universally accepted, now time to slip & replace the USA/CHINA NWO Crypto aka SDR-COIN, or FED-COIN, call it what you want.

1997 BIS/IMF jointly publish original bitcoin white-paper

2009 NSA release bitcoin source

2021 Bitcoin crashes, destroying $1.2Trillion USD of wealth; hacking slowly zeros the wealth of all HODL'ers

2022 NWO bans non-UN approved crypto

The perfect bitcoin? The bitcoin core dev group owned by WSJ banks and DC-GOV never even tried to build the 'perfect bitcoin'

[TOM Bb]

I think Bitcoin is perfect, it has its own special attributes. And there is a perfect development mechanism, and there are more people to support him.

[ropyu1978]

Nothing is perfect in this world, even fiat money that has been used by the general public cannot be said to be perfect, especially bitcoin which has many obstacles such as energy, I just hope bitcoin will be much better in the future, and the price will be more expensive. stabilize again. .

[FutureSeeker2021]

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower  
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

This is Exactly what i was looking for. BRAVO. Nailed it!!!

[famososMuertos]

There is a tendency to think that the bitoin is not perfect, is there something similar to perfection? if there is mention it. Because even atomic clocks are delayed a few seconds every million years.

The point is that perfection is in the result of its use, that adjective is very similar in the result of conceiving something from that point of view to ART, art is in the eyes of those who look at it, other eyes do not see it, the Art.

So, the perfect bitcoin is as it is, today it works for me, it is perfect for my transactions for my investments, every so often developers and enthusiasts add technically "Forks" and others add the term scalability, without a doubt they looking for the perpetual perfection that never comes for some, but that exists in the present fortunately for many.

Thank you Satoshi for your perfect bitcoin and if it could be you for a second I would not change anything, for everything else it is open source.

[FutureSeeker2021]

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower  
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

What you want for Bitcoin simply has so many flaws that I don't even know where to start. Even the proof of stake part itself is exceptionally bad for Bitcoin; imagine how much power exchanges would have over the network if Bitcoin was PoS.

Users can move their coins between exchanges, just as many bitcoiners have said miners can move between pools.
Note only 4 pool control over 51% of bitcoin hashrate, a little collusion and the ultimate double spend occurs.

No worries , Bitcoin Devs will never improve bitcoin , because it would hurt their profit margins from forcing users offchain.
https://www.trustnodes.com/2017/10/26/blockstreams-business-plan-revealed-profit-transaction-fees

The OP's question was asked as a hypothetical.

Looks like Bitcoin Eco is going to unburden the Bitcoin Core Devs by solving the problems for them. POS 3.0 and lighting fast. Thank you for sharing the link about the Bitcoin fees. Had no clue 

[Anifisochka]

At present, bitcoin is not perfect, and the consumption of resources in the process of mining and people's strangeness and disapproval of bitcoin are also a problem.

In fact, there is no absolute perfect thing in the world. If there are advantages, there will be disadvantages. We can only pursue the advantages and avoid the disadvantages as far as possible to achieve the maximum interests.

[btc-room101]

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower  
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

What you want for Bitcoin simply has so many flaws that I don't even know where to start. Even the proof of stake part itself is exceptionally bad for Bitcoin; imagine how much power exchanges would have over the network if Bitcoin was PoS.

Users can move their coins between exchanges, just as many bitcoiners have said miners can move between pools.
Note only 4 pool control over 51% of bitcoin hashrate, a little collusion and the ultimate double spend occurs.

No worries , Bitcoin Devs will never improve bitcoin , because it would hurt their profit margins from forcing users offchain.
https://www.trustnodes.com/2017/10/26/blockstreams-business-plan-revealed-profit-transaction-fees

The OP's question was asked as a hypothetical.

Looks like Bitcoin Eco is going to unburden the Bitcoin Core Devs by solving the problems for them. POS 3.0 and lighting fast. Thank you for sharing the link about the Bitcoin fees. Had no clue 

Yep, POS will make bitcoin perfect, in hell.

POS is "Oligarchy" rule by the rich elite

POW is "Rule by the Masses", the Oligarchy hates this form of gov the worse,

But don't worry cuz the POS always win, they own the forums, the YT feeds, the influencers and the  GOV ( IRS, FBI ...)

[the rise]

I don't think that bitcoin is perfect, due to the fact that there are still many shortcomings that exist in bitcoin, but what makes bitcoin interesting is the new technology it uses so many of the smart people, companies, entrepreneurs want to combine their industry with existing technologies like bitcoin. It looks like perfect.

[AGD]

Dorian Nakamoto is not Satoshi. Pic is misleading.

[buwaytress]

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower  
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

This is Exactly what i was looking for. BRAVO. Nailed it!!!

I can understand why a lot of people want their Bitcoin fast -- hence BCH and all those ugly halfspawn. But why on earth expand the supply by almost 80%? That part I don't get. Fixed rate transactions? Sequential? Interest rate?

Man you really have not paid attention to the altcoin space and what they've been attempting (and failing) all this while to fix in terms of tokenomics huh.

[GeorgeJohn]

The fact that it has been 10 years already and we have no single clue who he/they were is a sign that they wouldn't be seen nowadays. And I don't think they will still going to show in another coming years like 20 years or so. They choose to stay hidden after all of this that happen to crypto community.

I think we are meant to read before posting anything to the forum, i tried reading this text severally for me to comprehend the body sentence but i couldn't understand any, i think this part of lines of sentence have to be edit, so that it will enable user to capture the area you're emphasising, is not that I'm correcting, but it's the little impression i really want to put in order, please do not take it as a criticism rather to accept the little corrections.

I don't know why you want Bitcoin to change so much but let's just accept what Satoshi offered by his knowledge that we are using today.

Satoshi Nakamoto really introduce thing that can not depart from us till infinity, his legacy towards cryptocurrency will remain, irrespective that so many people is against the development of crypto nowdays, i think from the year Bitcoin is been introduced to the nation it has been rendering a positive impact to countries that adopt it immensely.