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Author Topic: If this is doable what will you add or remove?  (Read 467 times)
YUriy1991
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May 22, 2024, 04:46:40 AM
 #41

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?

The first is the problem of Scalability and Transaction Efficiency, please optimize it immediately and the second is just wanting to know the latest developments regarding Proof of Work Consensus?

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May 22, 2024, 04:58:21 AM
 #42

I will add a demo system where users can run a node and play. This will be purely for educational purposes so those who for any reason cannot run a node will be able to learn how it works without having to download the entire chain. This will bring bitcoin closer to home and show people that it is not too complicated or at least all of it is not.
The goal will be to encourage more users to take the step and run their own nodes, contributing to how decentralized the network is.

That is what I will do on the side, as the main course, I will create a fully decentralized system that is as immune to regulation as bitcoin is. This will replace other services that are being dominated by centralization like exchanges and mixers. This makes it much easier to stay private and not have to choose between decentralization and efficient service.

I know this is not adding anything to Bitcoin directly, but that is because there is mighty little one can add, all we are left with is to create efficient, censorship resistant channels and we are not doing so well now.

Bitcoin has its testnet, this is good enough for anyone who wants to play around with Bitcoin.

If Node is what a player to wants, they have to run the real Nodes as there isn't much difference, if you can try the demo you can try the original.

If you do need a Bitcoin demo here is one

https://github.com/ruanbekker/bitcoin-full-node-demo

God bless u
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May 22, 2024, 05:39:40 AM
 #43

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?


Every developer wishes to add stability to BTC and remove the volatility from the market as much as he can do it and take it to the minimum level.

I don't know much about the technicalities but that's the two of the things that every man associated with BTC wants. If these conditions prevails then people will be much more benefited from the crypto market then ever before.

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May 22, 2024, 09:02:56 AM
 #44

If I were a developer, I don't want to add or remove something from what its already work because perhaps that can influence or impact the other things that I don't knows. People already satisfy with all of the things from Bitcoin and even if there is a bug or something, the other developer will fix it. Besides that, I think it is not easy to add or remove one thing to Bitcoin except you knows the whole things inside Bitcoin and that can only for those who knows many language system and already mastered it.

Perhaps if someone wants to separate something from Bitcoin because he knows a thing that can be a new coin, that will be different. But that will needs more skills to follows what it is already runs and most people doesn't knows about it.

 
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May 22, 2024, 09:28:23 AM
 #45

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?



Most of us here are just investors, we only know the basics about bitcoin, none of us are developers, how can we know what bitcoin needs and what it doesn't need? I guess most would say they would find ways to reduce transaction fees, increase block sizes to speed up transaction processing...because those are the things that annoy bitcoin users the most. But I believe that the developers also see those problems but there must be a reason and until now they have not intervened or come up with any solution. So as a bitcoin investor, we should be satisfied with what we have and improving bitcoin, I think let the developers complete it.

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May 22, 2024, 06:03:28 PM
 #46

Well, like you said, let's assume a magic happens today and I became a developer which is going to last only for a few hours or minutes, then I would first of, create a decentralization blockchain platform that can allow every Bitcoiner from every part of the world to freely and easily buy and sell Bitcoin without going through KYC procedures. Secondly, I will remove Bitcoin from every centralized exchange if that's possible to do, then allow btc to be traded only on the DEX or other DEX.

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May 23, 2024, 06:04:59 AM
 #47

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?



Remove: Runes and Ordinals. This is the most obvious answer ever. Grin
Add: To be honest, I really don't know. Maybe adding something to the Bitcoin blockchain would make it congested again, just like with the Runes and Ordinals. Bitcoin is just fine the way it is and adding new features on the blockchain will ruin the experience and make the transaction fees higher. Adding more privacy features in the BTC blockchain and making BTC look more like a privacy coin could be a step in the wrong direction. The governments will become really hostile towards BTC and a mass ban might occur in the future.
I would just follow the saying "If it works, don't touch it."  Grin

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May 23, 2024, 11:52:48 PM
 #48

Well, like you said, let's assume a magic happens today and I became a developer which is going to last only for a few hours or minutes, then I would first of, create a decentralization blockchain platform that can allow every Bitcoiner from every part of the world to freely and easily buy and sell Bitcoin without going through KYC procedures. Secondly, I will remove Bitcoin from every centralized exchange if that's possible to do, then allow btc to be traded only on the DEX or other DEX.

Creating a new project in cryptocurrency is very easy and anyone can do it, but making the project you are developing have lots of fans is not as easy as you currently imagine. Developers need quite a lot of capital which is used to carry out campaigns or advertising costs which are used to promote the projects being developed.
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May 24, 2024, 01:11:33 AM
 #49

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?
I would add some kind of 2FA or something like that, which is needed to confirm the transactions so, even if someone somehow gets access to your wallet, he can't move the funds. Many people are scared to be their own bank not just because of the responsibility but also because transactions are irreversible so if you make a single mistake you can actually lose everything. So in a certain way I would say that the total transactions' irreversibility for me is partially a problem. I understand the logic behind it but I would love to improve somehow its security.

 
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May 24, 2024, 02:12:24 AM
 #50

Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?


Every developer wants to add something new to improve their projects. Additions that people want can increase the demand for crypto. But bitcoin is not stable so no one can say how long it will last if something new is added good things will lead to good levels.

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May 24, 2024, 02:21:29 AM
 #51

If possible and a proposal accepted to not let the memepool to be higher than 10 sat/vbyte and almost all the time staying at 1 sat/vbyte. This would be what I will first prefer to do, making bitcoin transaction fee to the low almost all the time. This should be done in a way that those bitcoin tokens will not even affect it.

Or, for example, tokens with expensive transactions can occupy only 33% of the block, the other 2/3 reserved for regular transactions
Such as grouping transactions that are expensive to occupy the slot 33% of the block and the rest for regular transactions.
But to determine whether the transaction is regular or not, does it have to raise the fee more to become a regular place,
and surely everyone will choose to increase the fee to be the first to be processed by the block.

Especially if the Ordinal network or Runes start to hype, more transactions will occur and tremendous spikes, network congestion and fees will be higher.
Expecting a stable fee at 10sat/vbyte-1sat/vbyte is still not possible, this is a conditional problem of course.

Whether it is necessary to separate the BRC20 network ordinals and Runes so that the main transactions of bitcoin are not disrupted,
Ordinals and Runes have a great influence on network congestion and tremendous fee increases.

Bitcoin L2 has now developed a solution to overcome the limitations of the Bitcoin mainnet,
such as long block times, limited transaction capacity, and high transaction fees.

 
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May 24, 2024, 05:49:42 AM
 #52

Would be adding the Mimblewimble look alike protocol to increase user privacy, but I doubt if the community would even approve   Grin. As for the remover, would be wiping out ordinals and anything that relates to it. Tired of experiencing regular high TX fee caused by congestion. Undecided
Only look alike? But what about the original? I think that is more better. I have a question, is that protocol same as what Monero, Zcash, and other privacy coins use? You should not doubt but it will get approved because many of us do also want more privacy for our BTC transactions.

Maybe the only ones that will complain is the regulators but this is risky for BTC because they already request for the exchanges to remove these privacy coins. That is only our problem there. As for the remover, I agree about the Ordinals. They are a cancer to BTC, or its community. Only the ones who benefit at it are the shady people. There are still other add-ons in BTC that are helpful, so they are worthy to keep.

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May 25, 2024, 07:17:14 AM
 #53

I guess most would say they would find ways to reduce transaction fees, increase block sizes to speed up transaction processing...because those are the things that annoy bitcoin users the most. But I believe that the developers also see those problems but there must be a reason and until now they have not intervened or come up with any solution.
Absolutely all we can do is complain. We have no actual ability to solve these problems ourselves. It’s probably difficult to find ways to do what we ask for without compromising other features of bitcoin. Most especially its security. If making a solution so that transactions fees wouldn’t be so high anymore would require for bitcoin’s security and decentralization to be sacrificed then a lot more issues would come up.

Just hoping that one day we actually get some good balance between the two issues.

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June 15, 2024, 07:30:00 AM
 #54

If I were a developer, I don't want to add or remove something from what its already work because perhaps that can influence or impact the other things that I don't knows.
As a developer, you are supposed to know about the project and in this case bitcoin lile the back of your hand. Maybe the reason why you are not a developer because there are things about bitcoin you do not understand.

Yes Bitcoin works but it doesn't mean that we should stop trying to make it better and just wait until it eventually breaks.
Quote
People already satisfy with all of the things from Bitcoin and even if there is a bug or something, the other developer will fix it. 
if all developers had this mindset then no one would be doing anything as they would just be passing the task around.
Quote
Perhaps if someone wants to separate something from Bitcoin because he knows a thing that can be a new coin, that will be different. But that will needs more skills to follows what it is already runs and most people doesn't knows about it.
Most likely if they see something in bitcoin they think they can make better, they make a whole different project so that they can make profit off of it. All the other altcoins are just a copy of bitcoin almost.

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June 15, 2024, 09:29:35 AM
 #55

If I were a developer, I don't want to add or remove something from what its already work because perhaps that can influence or impact the other things that I don't knows.
As a developer, you are supposed to know about the project and in this case bitcoin lile the back of your hand. Maybe the reason why you are not a developer because there are things about bitcoin you do not understand.

Yes Bitcoin works but it doesn't mean that we should stop trying to make it better and just wait until it eventually breaks.
Quote
People already satisfy with all of the things from Bitcoin and even if there is a bug or something, the other developer will fix it. 
if all developers had this mindset then no one would be doing anything as they would just be passing the task around.

After all, none of us are developers, we are just pure investors and for investors, the only thing we want is to make as much profit as possible. So asking investors to come up with suggestions to improve bitcoin is effectively an impossible task, and it's impossible to criticize them.
It's no surprise that many investors are happy with what's going on because what they care about is bitcoin's volatility, not the performance of the bitcoin blockchain.

Like me, I'm also happy with what bitcoin has, my only concern is the transaction fees. I also hope the developer will fix it, but I think they definitely have their own reasons and difficulties, so I will accept and adapt to the current transaction fee.

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stadus
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June 15, 2024, 09:52:08 AM
 #56

I guess most would say they would find ways to reduce transaction fees, increase block sizes to speed up transaction processing...because those are the things that annoy bitcoin users the most. But I believe that the developers also see those problems but there must be a reason and until now they have not intervened or come up with any solution.
Absolutely all we can do is complain. We have no actual ability to solve these problems ourselves. It’s probably difficult to find ways to do what we ask for without compromising other features of bitcoin. Most especially its security. If making a solution so that transactions fees wouldn’t be so high anymore would require for bitcoin’s security and decentralization to be sacrificed then a lot more issues would come up.

Just hoping that one day we actually get some good balance between the two issues.
As much as we can see some flaws of bitcoin, I’m sure the developers themselves are also addressing the problem as well but the fact that until now it’s still not settled, then most likely there could be some barriers that block them from doing it. Whatever it is, it’s only them that can relate.

Bitcoin is currently good but I know there are still more to it that needs improvement. And the good thing is, at the end of the day, only us the bitcoin enthusiasts, investors and traders will be the one to benefit it the most.

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June 15, 2024, 10:15:18 AM
 #57

I'd adopt what other altcoins have in terms of fees. While it's a visible thing that fees for the past few months of Bitcoin can't even go a cent anymore. As the fees are being balanced into satoshis per byte which makes it higher because the price of Bitcoin has increased a lot. Well, I am not technically expert on it but if that's an easy thing to do then the devs have done that already.

But for now, I'm content to whatever happens to it because it all comes together with the demand. And I'd rather choose the demand to go higher and see the value of fees in satoshis remains the same while looking at the dollar value of it increase as the counterpart of it. I am getting used to it and there's no way to do much on it and the devs probably are weighing things on it.

We can just use alternatives on it and as for Bitcoin, this is more of a store value nowadays and we all want to see its price go higher and its demand as well. But at back of it, we understand what are the considerations and what we have to sacrifice for it to be attained.

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June 15, 2024, 10:37:26 AM
 #58

I guess most would say they would find ways to reduce transaction fees, increase block sizes to speed up transaction processing...because those are the things that annoy bitcoin users the most. But I believe that the developers also see those problems but there must be a reason and until now they have not intervened or come up with any solution.
Absolutely all we can do is complain. We have no actual ability to solve these problems ourselves. It’s probably difficult to find ways to do what we ask for without compromising other features of bitcoin. Most especially its security. If making a solution so that transactions fees wouldn’t be so high anymore would require for bitcoin’s security and decentralization to be sacrificed then a lot more issues would come up.

Just hoping that one day we actually get some good balance between the two issues.
As much as we can see some flaws of bitcoin, I’m sure the developers themselves are also addressing the problem as well but the fact that until now it’s still not settled, then most likely there could be some barriers that block them from doing it. Whatever it is, it’s only them that can relate.

Bitcoin is currently good but I know there are still more to it that needs improvement. And the good thing is, at the end of the day, only us the bitcoin enthusiasts, investors and traders will be the one to benefit it the most.

Even if the developer cannot fix or improve those problems, it is not too serious because nothing is perfect , so we need to accept it and not demand too much from bitcoin .

Although bitcoin has high transaction fees and much slower processing speed than altcoin blockchains, in return it gives us decentralization , privacy and security that no other altcoin has. Just like if we want to use high quality products, we need to spend more money to buy expensive things. Everything has a price to pay, we cannot demand cheap but high quality things. Even we ourselves are not perfect, so we should not be strict or set too high requirements for everything.

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