Bitcoin 2.0

[clovex]

What is BTC 2.0? Can you link me to article/thread?

Nxt coin, master coin, ethereum, swarm etc.

And yes it is not fair to categorize these as 'alt coins'.  They are so much more than that

These coins are nothing but gimmicks, Bitcoin is the real deal, deal with it 

[BurtW]

Some are so clear comin' just to scam ppl, while there are others with a huge innovations and potention

Unless they implement this:

https://bitcointalk.org/index.php?topic=563925.0

(which they do not) they will all be wiped out by the first alt that does.

I wouldn't mind getting in on a game early for a change!

Unless they implement this:

https://bitcointalk.org/index.php?topic=563925.0

then don't bother since it will not last.  If they do implement it then by owning BTC you are already in on the ground floor!  Just buy and hold more BTC and you will be able to be in on the ground floor of every coin that implements the suggested initial distribution method.

Look at what Nxt coin and ethereum are doing now.

They will be wiped out by the first true "Bitcoin 2.0" alt coins, coins that implement this:

https://bitcointalk.org/index.php?topic=563925.0

Bitcoin 2.0 doesn't exist yet, there are several altcoins which can take btc slot in the future but not today.

None of the current alt coins will ever "take btc slot" because they will all be wiped out by the first real "Bitcoin 2.0" coins.

[BurtW]

Dump all your alt coins as quickly and quietly as you can and buy BTC then wait for or create new alt coins based on the distribution model proposed by Peter.  This includes all the latest "darlings" of the alt coin cess pool.

[TKeenan]

What is BTC 2.0? Can you link me to article/thread?

Nxt coin, master coin, ethereum, swarm etc.

And yes it is not fair to categorize these as 'alt coins'.  They are so much more than that

These coins are nothing but gimmicks, Bitcoin is the real deal, deal with it 

It is remarkable how few people understand what Bitcoin 2.0 is.  It doesn't replace Bitcoin at all.  For example, Mastercoin merely extends the functionality of Bitcoin.  Bitcoin blockchain, bitcoin mining, it is still bitcoin.  It is just bitcoin with some added features. 

All altcoins can burn in hell.  Pure garbage.  Litecoin, Dogecoin = dumb as hell. 

Bitcoin is the only coin.  But Mastercoin is Bitcoin on steroids and is nothing like an Alt coin. 

Maybe if the admins didn't try to suppress this, more people would understand what bitcoin 2.0. is.

[CharHill]

Bitcoin 2.0 is quite different from 'altcoins'. Shouldn't this forum have a category 'Bitcoin 2.0' for all those projects?  It is VERY hard to find posts related to the Bitcoin 2.0 concept as they forever lost in the trash that is 'Altcoins'.  What gives? 

C'mon Theymos - organize the site in a way which is most useful to the readers.  Maybe the management here has something against Bitcoin 2.0 world?  Weird.

Good idea to add section of btc2.0 to that forum. Can you give some information about btc2.0?

[BurtW]

Bitcoin 2.0 is quite different from 'altcoins'. Shouldn't this forum have a category 'Bitcoin 2.0' for all those projects?  It is VERY hard to find posts related to the Bitcoin 2.0 concept as they forever lost in the trash that is 'Altcoins'.  What gives?  

C'mon Theymos - organize the site in a way which is most useful to the readers.  Maybe the management here has something against Bitcoin 2.0 world?  Weird.

Good idea to add section of btc2.0 to that forum. Can you give some information about btc2.0?

The new section would be empty.

There are alt coins which are not Bitcoin (litecoin, NXT, dogecoin, etc. too many to list or count).

There are extensions and enhancements to the Bitcoin protocol.  Things that are build on top of or use the Bitcoin protocol like colored coins and Mastercoin, etc.  These are not "Bitcoin 2.0" either.

There is nothing that can properly be called "Bitcoin 2.0", yet.  Nothing.

[TKeenan]

There is nothing that can properly be called "Bitcoin 2.0", yet.  Nothing.

...by your definition which reigns supreme over all others?  Please tell us when we can call something bitcoin 2.0 according to your definition.  

By other peoples definition, colored coins, Mastercoin, Counterparty, et cetera, which are not new coins, but rather extensions of the standard bitcoin protocol to enable new interesting functionality - is Bitcoin 2.0.  

But somehow BurtW wants to tell everyone what they can and can't call things.  Burt the head arbiter of the dictionary.  WTF?

Bitcoin 2.0 is a very interesting new space.  It will be quite popular in about 1 more year.

Good idea to add section of btc2.0 to that forum. Can you give some information about btc2.0?

Well, the very beginning of this started with JR Willet's white paper.  Maybe you should start there. 

[bornil267645]

what are the significant features of bitcoin 2.0?

[BurtW]

Please tell us when we can call something bitcoin 2.0 according to your definition.  

Easy, when it is a new and improved version of the actual Bitcoin protocol - as anyone and everyone would expect it to mean.  We are using the first version of the Bitcoin protocol (1.0) when the next version of the protocol is released that would be called "Bitcoin 2.0"

I wanted to add something here:

It will be Bitcoin 2.0 when it is an improved version of the Bitcoin 1.0 protocol and my Bitcoin 1.0 BTC can be seamlessly and effortlessly converted (or duplicated) into the new version 2.0 BTC in a fair and transparent way (see Peter's proposal).

[BurtW]

what are the significant features of bitcoin 2.0?

Evidently anything that can be bolted on to the Bitcoin protocol is to be called "Bitcoin 2.0" so any wild idea of something that can be added on is your list of features.

[Indemnified]

Wow, the owner couldn't find a better name? BTC 1.0/original will be the best always..

I suspect this coin will crash.

Bitcoin 2.0 isn't a coin. It is a group of competing/co-operating projects trying to innovate the next iteration of the cryptocurrency technology. First to market with a truly innovative advancement will do VERY VERY well.

[TKeenan]

Please tell us when we can call something bitcoin 2.0 according to your definition.  

Easy, when it is a new and improved version of the actual Bitcoin protocol - as anyone and everyone would expect it to mean.  We are using the first version of the Bitcoin protocol (1.0) when the next version of the protocol is released that would be called "Bitcoin 2.0"

I wanted to add something here:

It will be Bitcoin 2.0 when it is an improved version of the Bitcoin 1.0 protocol and my Bitcoin 1.0 BTC can be seamlessly and effortlessly converted (or duplicated) into the new version 2.0 BTC in a fair and transparent way (see Peter's proposal).

We are actually not using Bitcoin 1.0 yet.  We are still in Beta.  Actually, 0.9.2.1  So if you must be a fucking pedant - then go with that definition.  However, to nearly everyone else 'Bitcoin 2.0' simply refers to the general area of an extended Bitcoin.  

WTF do you think 'Web 2.0' means?  Why don't you Google that to learn what the common meaning of the '2.0' extension is?  

Your very strict definition is just plain dumb.  

Everyone except you understands what 'Web 2.0' and 'Bitcoin 2.0' is intended to mean.  

Maybe we should start calling it: "Bitcoin Plus"

[romerun]

http://en.m.wikipedia.org/wiki/Worse_is_better

[Mousepotato]

What is BTC 2.0? Can you link me to article/thread?

Nxt coin, master coin, ethereum, swarm etc.

And yes it is not fair to categorize these as 'alt coins'.  They are so much more than that

Those aren't Bitcoin 2.0. Those are just secondary protocol chains.

[franky1]

Please tell us when we can call something bitcoin 2.0 according to your definition.  

what are the significant features of bitcoin 2.0?

what i would define as a viable bitcoin 2.0 is where the blockchain holds the bitcoin genesis block of 2009 as designed and created by the pseudonym Satoshi, and all blocks thereafter.... but where the protocol has evolved to such an extent that the protocol is unrecognizable compared to bitcoin 0.1 and the features and benefits are evolved to not be the same as bitcoin 0.1

at the moment the changes to the protocol only amount to 0.9 so a bitcoin 2.0 is far far far away from happening any time soon.

in short if it does not have the bitcoins genesis block in it. its not any version of bitcoin at all

[BurtW]

We are actually not using Bitcoin 1.0 yet.  We are still in Beta.  Actually, 0.9.2.1  So if you must be a fucking pedant - then go with that definition.  However, to nearly everyone else 'Bitcoin 2.0' simply refers to the general area of an extended Bitcoin.  

WTF do you think 'Web 2.0' means?  Why don't you Google that to learn what the common meaning of the '2.0' extension is?  

Your very strict definition is just plain dumb.  

Everyone except you understands what 'Web 2.0' and 'Bitcoin 2.0' is intended to mean.  

Maybe we should start calling it: "Bitcoin Plus"

Why does the opinion of some random guy on the Internet (me) upset you so?  

I think you doth protest way too much.

Do you happen to have a lot invested in one of these "Bitcoin 2.0" bolt ons to the Bitcoin protocol?

[Beliathon]

Bitcoin IS Bitcoin 2.0

http://gavintech.blogspot.com/2014/06/bit-thereum.html

[Indemnified]

As someone who has lost considerable amounts from failed or dishonest exchanges and from regulatory seizure of accounts and on centalized crypto equity markets:

The central points of failure in Bitcoin are well known and are very worrying.
De-centralization is of paramount importance.

Bitcoin 2.0 projects are attempting to do away with centralized points of failure by providing decentralized banks and decentralized exchanges and decentralized markets.

Let's hope one or more of them succeeds.

[Beliathon]

As someone who has lost considerable amounts from failed or dishonest exchanges and from regulatory seizure of accounts and on centalized crypto equity markets:

The central points of failure in Bitcoin are well known and are very worrying.
De-centralization is of paramount importance.

Bitcoin 2.0 projects are attempting to do away with centralized points of failure by providing decentralized banks and decentralized exchanges and decentralized markets.

Let's hope one or more of them succeeds.

The invention of the blockchain marks the beginning of the end of centralization OF ALL THINGS, not only money.

[franky1]

the bitcoin genesis, bitcoin protocol and the 5 years of blocks are only at 0.9
will you get it into your head that unless a blockchain contains bitcoins genesis block and 5year block history, then it is simply no version of bitcoin and is purely an altcoin

As someone who has lost considerable amounts from failed or dishonest exchanges and from regulatory seizure of accounts and on centalized crypto equity markets:

The central points of failure in Bitcoin are well known and are very worrying.
De-centralization is of paramount importance.

Bitcoin 2.0 projects are attempting to do away with centralized points of failure by providing decentralized banks and decentralized exchanges and decentralized markets.

Let's hope one or more of them succeeds.

what you are describing is businesses which is a layer/step away from the protocol. and its not that exciting. localbitcoins has been a decentralised exchange for a long time.

all these altcoins are just redesigning the wheel where the function already exists, but the 'spit and pollish' makes their gimmicks sound and look new. i have yet to see anything that is what i would describe as 'special' or unique, worthy of adding to bitcoins protocol