Developer JGarzik reiterates, upgradable nature of bitcoin! Challenges Ethereum!

[cuddaloreappu]

The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim.

BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki

BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin.

Bitcoin is a living, growing, changing thing.

http://www.reddit.com/r/Bitcoin/comments/2anxr1/reminder_bitcoin_protocol_designed_to_be/

http://www.reddit.com/r/ethereum/comments/2ao1be/jgarzik_says_they_can_just_hack_ethereum_into/

[Fiftysven]

Surprise, surprise 

[LiteCoinGuy]

yeah, and thats the reason why most of these systems will die or live in a niche (mastercooin, ehereum...)

[IIOII]

Yes, most people seem to forget that when criticizing bitcoin for a lack of features.

I hope they will improve privacy soon.

On the other hand, bitcoin should not be bloated with unnecessary features which could cause added security risks and reduce efficiency. From my point of view it would be a good idea to let some of the advanced features (like algorithmic contracts) simply "ride free" as an independent secondary layer (run by third parties) rather than making them integral part of Core. In that way a lot of risk can be mitigated, because problems on some advanced layer do not interfere with core functionality. Also Core developers can focus on the essential features. So I see use in systems like Mastercoin.

[fdiini]

Need to implement it and make it live rather than just talk.

[franky1]

Yes, most people seem to forget that when criticizing bitcoin for a lack of features.

I hope they will improve privacy soon.

bitcoin is pseudonymous already. but then you dont realise that you are the one ruining your own privacy..

you have publicly announced your own bitcoin address:     1BW7LRNWvgPvLBHPWcEiDWqP5xbggxNWyy

so now people know any transactions that ever touched that address belonged to IIOII....

no matter how great the code is, humans will always be the ultimate reason it succeeds or fails. and you have made your privacy fail  

[IIOII]

Yes, most people seem to forget that when criticizing bitcoin for a lack of features.

I hope they will improve privacy soon.

bitcoin is pseudonymous already. but then you dont realise that you are the one ruining your own privacy..

you have publicly announced your own bitcoin address:     1BNDndST7vJW1pjzw2K5XUJ1XnHwEuq16Y

so now people know any transactions that ever touched that address belonged to IIOII....

no matter how great the code is, humans will always be the ultimate reason it succeeds or fails. and you have made your privacy fail  

What a dumb argument. First you don't know if that even is my address, just because it's listed in my profile. Second by that logic no one could ever publish a bitcoin address to receive payments.

Of course technology could be improved in a way that doesn't allow full tracking of all transactions on a published address.

Perfect trolling. I already had you on ignore, now I know it was not a good idea to delete that list...

[SpontaneousDream]

Need to implement it and make it live rather than just talk.

Agreed! It seems a lot of people feel very confident in talking the talk, but nobody is willing to walk the walk.

[kodtycoon]

whats new that you can do with bitcoin now that these upgrades have been made? any new features or what?

[Envrin]

Need to implement it and make it live rather than just talk.

Agreed! It seems a lot of people feel very confident in talking the talk, but nobody is willing to walk the walk.

Huh?  Bitcoin is changing more rapidly than probably any industry I can think of.  Just in the past 6 months we've seen massive changes.  You know all those large-scale thefts / hacks we kept hearing about?  We don't hear about those too much anymore, right?  That's because the entire architecture of systems has changed, making it much, much more difficult to pull a massive theft off.

This will lead itself to people becoming more comfortable trusting bitcoin, which will lead to additional solutions and innovations, and round and round we go until soccer moms are paying their babysitter with bitcoin via their iPhone.  There's still loads of work to be done, but don't kid yourself, Bitcoin is humming along at a nice pace.

[LiteCoinGuy]

Need to implement it and make it live rather than just talk.

Agreed! It seems a lot of people feel very confident in talking the talk, but nobody is willing to walk the walk.

okay, thats the point. Bitcoin will never add something, that makes it even more anonymous. bitcoin wants and will go mainstream.

other coins have to do the hard stuff...

(knock* knock*...Zerocoin?)

[kodtycoon]

whats new that you can do with bitcoin now that these upgrades have been made? any new features or what?

does this change one single thing for the end user?

[Envrin]

whats new that you can do with bitcoin now that these upgrades have been made? any new features or what?

Let the core devel team do their job -- maintaining the core protocol and the network.  That's more than enough responsibility on their shoulders as is.

Bitcoin now has a massive developer community behind it, so let them do the job of developing new services, solutions, security, and so on,  And from what I see, people are doing it at a rapid pace.  Many of the ideas coming out won't stick, but a few will.  Again, massive thefts on a large scale are now a thing of the past, and shouldn't happen again, assuming the necessary operations upgrade their systems appropriately.  Just that is a massive leap forward for bitcoin.

[kodtycoon]

whats new that you can do with bitcoin now that these upgrades have been made? any new features or what?

Let the core devel team do their job -- maintaining the core protocol and the network.  That's more than enough responsibility on their shoulders as is.

Bitcoin now has a massive developer community behind it, so let them do the job of developing new services, solutions, security, and so on,  And from what I see, people are doing it at a rapid pace.  Many of the ideas coming out won't stick, but a few will.  Again, massive thefts on a large scale are now a thing of the past, and shouldn't happen again, assuming the necessary operations upgrade their systems appropriately.  Just that is a massive leap forward for bitcoin.

so it's a bit safer? Is that it? Nxt is guna have instant (1 second) transactions in 2 months. It's guna be the first truly p2p crypto exchange using multigateway and asset exchange very soon - end stages of beta on live net. Mmorpg's built on top of the blockchain using nxt as in game currency and items won being tradable on a p2p market place. Digital goods store in alpha/beta. That's just the tip of the iceberg too. All of this with out any third parties.

I don't mean to offend bitcoin being safer is not moving at a rapid pace. It's a dead stop in comparison to other platforms.

[giveBTCpls]

Yes, most people seem to forget that when criticizing bitcoin for a lack of features.

I hope they will improve privacy soon.

bitcoin is pseudonymous already. but then you dont realise that you are the one ruining your own privacy..

you have publicly announced your own bitcoin address:     1BW7LRNWvgPvLBHPWcEiDWqP5xbggxNWyy

so now people know any transactions that ever touched that address belonged to IIOII....

no matter how great the code is, humans will always be the ultimate reason it succeeds or fails. and you have made your privacy fail  

But sometimes you are needed to make an address public, for example to get paid in adv campaings and what not.

So given Dark Wallet also doesn't solve the privacy problem, does CryptoNote based coins (basically Monero) have a legit role within the crypto world?

Im sure a lot of people would enjoy the extra privacy for whatever reasons.

[Envrin]

so it's a bit safer? Is that it? Nxt is guna have instant (1 second) transactions in 2 months. It's guna be the first truly p2p crypto exchange using multigateway and asset exchange very soon - end stages of beta on live net. Mmorpg's built on top of the blockchain using nxt as in game currency and items won being tradable on a p2p market place. Digital goods store in alpha/beta. That's just the tip of the iceberg too. All of this with out any third parties.

I don't mean to offend bitcoin being safer is not moving at a rapid pace. It's a dead stop in comparison to other platforms.

Well, I guess time will tell.

Once companies like Expedia, Newegg, and Overstock begin accepting NxT, let me know, and I'll take a further look into it.  Until, I'll stick to being a Bitcoin fanatic.

[darkota]

The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim.

BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki

BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin.

Bitcoin is a living, growing, changing thing.

http://www.reddit.com/r/Bitcoin/comments/2anxr1/reminder_bitcoin_protocol_designed_to_be/

http://www.reddit.com/r/ethereum/comments/2ao1be/jgarzik_says_they_can_just_hack_ethereum_into/

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin. That line right there, is extremely important. It means if an alt-coin were to design something "innovative" and it's using the Bitcoin codebase, Bitcoin can simply incorporate whatever features that alt-coin has, into Bitcoin via copy/paste, rendering said alt-coin, useless.

GO BITCOIN!!

[kodtycoon]

The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim.

BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki

BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin.

Bitcoin is a living, growing, changing thing.

http://www.reddit.com/r/Bitcoin/comments/2anxr1/reminder_bitcoin_protocol_designed_to_be/

http://www.reddit.com/r/ethereum/comments/2ao1be/jgarzik_says_they_can_just_hack_ethereum_into/

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin. That line right there, is extremely important. It means if an alt-coin were to design something "innovative" and it's using the Bitcoin codebase, Bitcoin can simply incorporate whatever features that alt-coin has, into Bitcoin.

GO BITCOIN!!

and what if its not using the bitcoin code base and is totally incompatible? what then?

[darkota]

The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim.

BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki

BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin.

Bitcoin is a living, growing, changing thing.

http://www.reddit.com/r/Bitcoin/comments/2anxr1/reminder_bitcoin_protocol_designed_to_be/

http://www.reddit.com/r/ethereum/comments/2ao1be/jgarzik_says_they_can_just_hack_ethereum_into/

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin. That line right there, is extremely important. It means if an alt-coin were to design something "innovative" and it's using the Bitcoin codebase, Bitcoin can simply incorporate whatever features that alt-coin has, into Bitcoin.

GO BITCOIN!!

and what if its not using the bitcoin code base and is totally incompatible? what then?

That's it. If the alt-coin isn't using Bitcoin's codebase/Bitcoin-based, then Bitcoin can't incorporate w/e(features etc) that Alt-coin has. Basically, alt-coins that use Bitcoin's codebase are useless, because as mentioned by OP, Bitcoin can simply copy what that alt-coin has into Bitcoin itself. Alt-coins that aren't using Bitcoin's codebase are the only ones that stand a chance to even remotely stand alongside/compete with Bitcoin.

[kodtycoon]

The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim.

BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki

BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin.

Bitcoin is a living, growing, changing thing.

http://www.reddit.com/r/Bitcoin/comments/2anxr1/reminder_bitcoin_protocol_designed_to_be/

http://www.reddit.com/r/ethereum/comments/2ao1be/jgarzik_says_they_can_just_hack_ethereum_into/

Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin. That line right there, is extremely important. It means if an alt-coin were to design something "innovative" and it's using the Bitcoin codebase, Bitcoin can simply incorporate whatever features that alt-coin has, into Bitcoin.

GO BITCOIN!!

and what if its not using the bitcoin code base and is totally incompatible? what then?

That's it. If the alt-coin isn't using Bitcoin's codebase/Bitcoin-based, then Bitcoin can't incorporate w/e(features etc) that Alt-coin has. Basically, alt-coins that use Bitcoin's codebase are useless, because as mentioned by OP, Bitcoin can simply copy what that alt-coin has into Bitcoin itself. Alt-coins that aren't using Bitcoin's codebase are the only ones that stand a chance to even remotely stand alongside/compete with Bitcoin.

ok great now we have established that, please refer to this post and note the very partial list of features.

for the record, nxt is totally new codebase.

https://bitcointalk.org/index.php?topic=694410.msg7847575#msg7847575

still "go bitcoin"?

edit: eeehhh BUUUUURRRN!!!!!.