Bitcoin Forum
May 22, 2024, 05:52:55 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Why? I just don't understand why!  (Read 2131 times)
PolarPoint
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
July 18, 2014, 05:59:39 PM
 #21

Introducing new features may create new bugs or instability. I prefer to have a reliable bug free bitcoin platform rather than optional features. I think devs are more concerned with solving the blockchain size problem at the moment.
Este Nuno
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


amarha


View Profile
July 18, 2014, 06:34:09 PM
 #22



5. POS!!!! are you kidding me. thats the lame brainchild of th rich, basically those that already own the large hoard of coins get richer. so satoshi gets 8% of each block, coinbase gets 6%, mark karpeles gets 6%, bitstamp gets 6% (all rough figures) all for doing jack shit and none of which helps secure bitcoin by having an ever increasing difficult encryption to crack.. POS is weak security and for the greedy pre-miners to profit from before the dump and run.. havnt you learnt that yet


The block can give no reward other than transaction fees. I think NXT is like this already. People need to secure the network, why not give them transaction fees?
franky1
Legendary
*
Offline Offline

Activity: 4228
Merit: 4490



View Profile
July 18, 2014, 06:41:04 PM
 #23



5. POS!!!! are you kidding me. thats the lame brainchild of th rich, basically those that already own the large hoard of coins get richer. so satoshi gets 8% of each block, coinbase gets 6%, mark karpeles gets 6%, bitstamp gets 6% (all rough figures) all for doing jack shit and none of which helps secure bitcoin by having an ever increasing difficult encryption to crack.. POS is weak security and for the greedy pre-miners to profit from before the dump and run.. havnt you learnt that yet


The block can give no reward other than transaction fees. I think NXT is like this already. People need to secure the network, why not give them transaction fees?

POS does generate new coins.. the distribution is spread to who has most coin.. AKA stake. so someone with the slowest miner possible, but has 600k coins hoarded would get the most reward.. hense if bitcoin became POS. the exchanges that hoarded coins, and those that are hiding hoards of stolen coins, will get all the fresh coins, for little to no work.. POS is the profit making schme for the preminers. once they sell coins the coin soon dies.. POS is not about security at all

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Este Nuno
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


amarha


View Profile
July 19, 2014, 11:03:21 AM
 #24



5. POS!!!! are you kidding me. thats the lame brainchild of th rich, basically those that already own the large hoard of coins get richer. so satoshi gets 8% of each block, coinbase gets 6%, mark karpeles gets 6%, bitstamp gets 6% (all rough figures) all for doing jack shit and none of which helps secure bitcoin by having an ever increasing difficult encryption to crack.. POS is weak security and for the greedy pre-miners to profit from before the dump and run.. havnt you learnt that yet


The block can give no reward other than transaction fees. I think NXT is like this already. People need to secure the network, why not give them transaction fees?

POS does generate new coins.. the distribution is spread to who has most coin.. AKA stake. so someone with the slowest miner possible, but has 600k coins hoarded would get the most reward.. hense if bitcoin became POS. the exchanges that hoarded coins, and those that are hiding hoards of stolen coins, will get all the fresh coins, for little to no work.. POS is the profit making schme for the preminers. once they sell coins the coin soon dies.. POS is not about security at all

PoS doesn't necessarily generate new coins. Some might as incentive for people run the network. But if transaction fees are sufficient incentive then you don't need to reward blocks. NXT is the main PoS 2.0 coin and they don't have any reward for blocks other than the transaction fees. There are massive whales who own millions of NXT who don't even stake their coins because I guess they don't feel that the reward is enough incentive. But the network has been secure thus far.
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1010


In Satoshi I Trust


View Profile WWW
July 19, 2014, 11:17:01 AM
 #25

Why does bitcoin not include the new features from altcoins? There are like tons of new features even if you leave out anon that will increase BTC's use and value. So why not include them in Bitcoin Core? BTC is trailing behind others in terms of features, the only (HUGE) advantage is thats its the first accepted by a huge number of merchants.

BTC will never adapt something that makes it even more anonymous or pseudonymous. other coins / systems have to do this:

https://bitcointalk.org/index.php?topic=362468.msg3878992#msg3878992

i guess we are already at a stage where we wont see major changes anymore. hopefully some mining changes but everything else will be for scalability.

we are all sitting in a 8 billion dollar plane, so you cant do something stupid  Wink

chaosPT
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000



View Profile
July 19, 2014, 11:18:13 AM
 #26

Why does bitcoin not include the new features from altcoins? There are like tons of new features even if you leave out anon that will increase BTC's use and value. So why not include them in Bitcoin Core? BTC is trailing behind others in terms of features, the only (HUGE) advantage is thats its the first accepted by a huge number of merchants.

Which coin and have what new feuture mind explain ?
cr1776
Legendary
*
Offline Offline

Activity: 4046
Merit: 1301


View Profile
July 19, 2014, 12:06:26 PM
 #27

Why does bitcoin not include the new features from altcoins? There are like tons of new features even if you leave out anon that will increase BTC's use and value. So why not include them in Bitcoin Core? BTC is trailing behind others in terms of features, the only (HUGE) advantage is thats its the first accepted by a huge number of merchants.

I don't see a pull request from you for any of the features mentioned.
Cryptopher
Legendary
*
Offline Offline

Activity: 1789
Merit: 1008


Keep it dense, yeah?


View Profile
July 19, 2014, 12:51:51 PM
 #28

Adding 'features' to anything takes though and consideration. It is likely that the developers are working towards a roadmap of sorts, with a vision of what needs to be done in the coming months.

Sure some of the alt coins have neat features, features which could possibly increase Bitcoin's appeal further, but it's simply not a case of rushing in a feature addition without going through the necessary steps.

Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
stryker
Sr. Member
****
Offline Offline

Activity: 518
Merit: 250



View Profile
July 19, 2014, 01:06:35 PM
 #29

I see bitcoin as the "backbone" of cryptocurrencies, its actually a requirement in the world of virtual currency!

There needs to be one where its not being hacked around with new features and risk!  just like a network backbone people need to know its stable and that change is rare.

This way bitcoin can back other currencies... if there is an alt currency that has a feature enough people want then naturally people will give up some bitcoin to get hold of the other alt currency... and eventually some merchants will accept it because so many people use it.

I think in the future bitcoin is and will be the "gold" of crypto currency.... the only shame for bitcoin is its a really boring life being gold  Grin
collinstar
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
July 19, 2014, 03:32:00 PM
 #30

Why does bitcoin not include the new features from altcoins?
Because the only reason that bitcoin is so expensive is a raw of updates wich are not similar to altcoins. And that is the key of difference in prices.
Justin00
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
July 19, 2014, 03:48:36 PM
 #31

Adding charts/pricing to the client should be simple for someone familiar with c++  or what ever language your fav client is in, right ?
I am sure if you put a bounty some one would modify the existing client to do that for you.. but then you'd have to do the same upate each time the client gets updated by the devs.

Personally I am more than happy to load up btc-e or <insert exchange here> for the 2 seconds it takes to check pricing.
Looking at charts is also something I do/need to do very rarely.

Este Nuno
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


amarha


View Profile
July 19, 2014, 03:50:28 PM
 #32

I see bitcoin as the "backbone" of cryptocurrencies, its actually a requirement in the world of virtual currency!

There needs to be one where its not being hacked around with new features and risk!  just like a network backbone people need to know its stable and that change is rare.

This way bitcoin can back other currencies... if there is an alt currency that has a feature enough people want then naturally people will give up some bitcoin to get hold of the other alt currency... and eventually some merchants will accept it because so many people use it.

I think in the future bitcoin is and will be the "gold" of crypto currency.... the only shame for bitcoin is its a really boring life being gold  Grin

I could definitely see that being the case. Bitcoin being the stable standard while other more agile currencies can scoop up other markets. It's unlikely Bitcoin is going anywhere, but it's also unlikely that Bitcoin is going to be pushing any technological boundaries at all anytime soon, if ever.
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
July 19, 2014, 05:33:37 PM
 #33

Change being difficult and rare is exactly one of the reasons it is a trusted and stable currency. Updates should be rare and only for crucial issues. Alt coins and other projects are available that have the features people want.

Este Nuno
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


amarha


View Profile
July 19, 2014, 05:46:15 PM
 #34

Change being difficult and rare is exactly one of the reasons it is a trusted and stable currency. Updates should be rare and only for crucial issues. Alt coins and other projects are available that have the features people want.

I agree. I see Bitcoin being the cornerstone of a rich crypto landscape. It's not going to be able to fulfil the demands of the wider market itself, but other technologies will emerage that can.
Bitcoinbikers
Full Member
***
Offline Offline

Activity: 177
Merit: 100

Now that's a can do attitude!


View Profile WWW
July 19, 2014, 06:07:35 PM
 #35


1D6p2j56E4sTsjC7raahVm8HVEmWHMFFma
BTCfan668
Member
**
Offline Offline

Activity: 88
Merit: 10


View Profile
July 19, 2014, 06:13:34 PM
 #36

Why does bitcoin not include the new features from altcoins? There are like tons of new features even if you leave out anon that will increase BTC's use and value. So why not include them in Bitcoin Core? BTC is trailing behind others in terms of features, the only (HUGE) advantage is thats its the first accepted by a huge number of merchants.

As God once said "If it ain't broke dun't fix it!"

Wink
I don't think God ever said anything like this.

The principle is true. Most alts really do not have any useful features that bitcoin should have. The features that alts have really do not add any actual value and really just make the coins less secure
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!