one possible schema of btc 2

[faceit]

I came here to find someone who share the common goal to contribute to bitcoin, as here is where satoshi had left us. I am not sure if this board owner will leave my post intact (my last topic was delete in few hours in another section), so  i will leave most of my words in later posts.

I have been know btc for some time, and I love satoshi 's  protocol though I think many of us have miss something important. Bitcoin success because it introduce miner into the party between dev. and trader. In human history, it is always trader(I would say bank is also a middle man as trader) who wrote the ledger. if btc is still in its infancy as satoshi said, i would say the solution must focus on miner.

As I remember, the problem about btc a few years ago when it begin to reach its bottleneck of scale problem is that: trader only want to trader fast and easy, dev want the coin to apply to more application, and miners have no clue where they should go. then I was confirmed by myself that it will unlikely to find the correct way to btc2 in  the following years.

[1715218660]

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[1715218660]

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[faceit]

Scale problem can only be solved by variety, and variety has to be achieved by unity.

I see btc as sth new, and it should be more than old financial tool like gold. Therefore i believe we have to evolve its fundamentals to evolve btc. the key of its fundamental is irreversibility. Distrust come from thought, and thought can only works if there is sth can be repeated. we can not cheat if we do not know what to lie about. Again, this is why miner is the key - we can plan anthing but to reveal (hash, p2p, double key are all for this purpose).

the next generation of btc is the evolution of this irreversibility.

[NeuroticFish]

I came here to find someone who share the common goal to contribute to bitcoin, as here is where satoshi had left us. I am not sure if this board owner will leave my post intact (my last topic was delete in few hours in another section), so  i will leave most of my words in later posts.

I have been know btc for some time, and I love satoshi 's  protocol though I think many of us have miss something important. Bitcoin success because it introduce miner into the party between dev. and trader. In human history, it is always trader(I would say bank is also a middle man as trader) who wrote the ledger. if btc is still in its infancy as satoshi said, i would say the solution must focus on miner.

As I remember, the problem about btc a few years ago when it begin to reach its bottleneck of scale problem is that: trader only want to trader fast and easy, dev want the coin to apply to more application, and miners have no clue where they should go. then I was confirmed by myself that it will unlikely to find the correct way to btc2 in  the following years.

Actually the miners do very well what they do: confirm transactions and get paid for that. As long as the miners want to get paid and want that their payment is valuable, they can (usually) be trusted. They can be seen as a pretty good 3rd party that doesn't care who is sending the transactions and why.

On the other hand, if the ledger is written by parties involved in the transaction, it can be expected that one of them may try to cheat. Afaik altcoins like Grin may be fixing that, but I didn't pay attention, if you are interested I suggest you research more.

Satoshi had a simple and effective approach; it doesn't mean that's the only possible approach. But also you should not expect this get implemented into Bitcoin.
A common saying is: You have an idea? Make your altcoin based on that and see if the idea works and the coin will have success.
All in all, in the same way you make a new electric car instead of converting your current (petrol based), you cannot really expect Bitcoin do such drastic changes, whether the idea is great or not.

Just my 2 satoshi.

[faceit]

quantity is a thought product, and variety is unpredictable.

 As long as the only btc is what miner can choose, they will only works on quantity: larger blocks, higher transaction fee, race for more computation power, less electricity cost... with or without centralized mine, miner will eventually create a quantity barrier, which makes themselves hard to cross. They will then have to either chose support outside the community or looking for separation - both cause destruction to btc itself. btc lose those precious mining protection from our miners by folks or alter-coin, and even without ban - how far is sth like 51 really away from us with those advanced equipments, if miner are not really miners ?

this contradict to the irreversible fundamentals of btc so we have to introduce variety to miner.

[faceit]

A common saying is: You have an idea? Make your altcoin based on that and see if the idea works and the coin will have success.

Or write and publish the protocol specification first.

i will if i can.
But my logic is that enviroment makes us to contribute to this world in different way. After i saw so many "alter-coin" , i figure out time is an emergent factor for next step. As long as this development section forum appreciate my little effort, i guess i can satisfy by just give my little advice.
At least we get what a crypto-coin is really like even satoshi had to left us for so many years, don't we?

[faceit]

Credit can only be valued in irreversible way, and exhange rate only represent each one's weight in the system.

If sth's value has not been revealed, sign credit to it is meaningless. No matter it is space rocket or a cup of coffee which are bought by btc. If the same coffee or rocket were traded back into btc instead of drinking or sending to space, btc failed to represent credit of those items. Then what really happened is that the rocket or coffee was put into the exsiting financial system of btc, and were given a weight by manipulating the exchange rate. Since the system included more items without realized value, the uncertainty of the system increased with a more volatile market.

After joined old financial system as large as usdt or walk street's bond, btc had already lost its independent position as sth new. I still remember how the price of btc was dropped few years ago, and how the dream of traders all over the world were shattered...

 Nevertheless, i still believe satoshi built btc for a credit system, which we have to evolve it in a irreversible way

[faceit]

I came here to find someone who share the common goal to contribute to bitcoin, as here is where satoshi had left us. I am not sure if this board owner will leave my post intact (my last topic was delete in few hours in another section), so  i will leave most of my words in later posts.

I have been know btc for some time, and I love satoshi 's  protocol though I think many of us have miss something important. Bitcoin success because it introduce miner into the party between dev. and trader. In human history, it is always trader(I would say bank is also a middle man as trader) who wrote the ledger. if btc is still in its infancy as satoshi said, i would say the solution must focus on miner.

As I remember, the problem about btc a few years ago when it begin to reach its bottleneck of scale problem is that: trader only want to trader fast and easy, dev want the coin to apply to more application, and miners have no clue where they should go. then I was confirmed by myself that it will unlikely to find the correct way to btc2 in  the following years.

Actually the miners do very well what they do: confirm transactions and get paid for that. As long as the miners want to get paid and want that their payment is valuable, they can (usually) be trusted. They can be seen as a pretty good 3rd party that doesn't care who is sending the transactions and why.

On the other hand, if the ledger is written by parties involved in the transaction, it can be expected that one of them may try to cheat. Afaik altcoins like Grin may be fixing that, but I didn't pay attention, if you are interested I suggest you research more.

Satoshi had a simple and effective approach; it doesn't mean that's the only possible approach. But also you should not expect this get implemented into Bitcoin.
A common saying is: You have an idea? Make your altcoin based on that and see if the idea works and the coin will have success.
All in all, in the same way you make a new electric car instead of converting your current (petrol based), you cannot really expect Bitcoin do such drastic changes, whether the idea is great or not.

Just my 2 satoshi.

I believe neither some ideas nor only technology is enough for our next step of crypto-currency whether it is called btc2 or another alter-coin. the paradox is that we keep push sth into the edge to evolve by which we still have to survive everyday. To solve this paradox, i believe we need much more than just relying on ourselves, that including our own expertise and resources. And it is sad that satoshi had also not solved it, and left the community too early.
No, I do not believe bitcoin is sth perfect and it may not be the only way. But i still see most of leaders in the field are still thinking in the box, and this makes me worry and feel necessary share my thought to anyone who appreciate it.

[Lucius]

Don't become a young version of Faketoshi (CW) or Roger Judas Ver and the like who in the same way started thinking that something needs to change when it comes to Bitcoin. From the moment Bitcoin was created, it is constantly changing and improving, but all with the consensus of the community and so it will continue.

If you have something specific to contribute other than a mere philosophy, you can join the Bitcoin developers - and if you want to see what Bitcoin versions 2 and up look like, I suggest the following link -> How Many Bitcoin Forks Are There?


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