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Author Topic: Imagine new Bitcoin  (Read 1616 times)
manu92 (OP)
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September 28, 2014, 09:47:51 AM
 #1

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

  • Reducing volatility
  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
  • Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.
Skirmant
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September 28, 2014, 10:03:00 AM
 #2

  • Reducing volatility

The more people start using it the less volatile the price will become.

  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations

Because not all merchants have adopted it yet. Just 2 years ago the idea that so many mainstream business would start accepting bitcoin was viewed by a lot of people as insane, so give it some time. There's still a long road ahead.

  • Make concessions to meet certain laws

What laws?
manu92 (OP)
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September 28, 2014, 10:31:04 AM
 #3

  • Reducing volatility

The more people start using it the less volatile the price will become.


How can you be sure of that ?  Are there any argument to prove it?
Take the example of currencies like USD or Euro. There are 100 millions people who use them and yet there is need for a central bank to make the regulation.



  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations

Because not all merchants have adopted it yet. Just 2 years ago the idea that so many mainstream business would start accepting bitcoin was viewed by a lot of people as insane, so give it some time. There's still a long road ahead.

I agree with you. But why not be more proactive : What does the community do to make it easier for businesses to have a payment terminal for bitcoin for exemple.



  • Make concessions to meet certain laws

What laws?

Anti-Money Laundering (AML) and Know Your Client (KYC) measures
Mellnik
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September 28, 2014, 10:46:46 AM
 #4

Meuh6879
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September 28, 2014, 10:48:00 AM
 #5

I wonder why the bitcoin community does not evolve Bitcoin.

because altcoin try this ... and they ALL FAIL.
Q7
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September 28, 2014, 11:04:30 AM
 #6

Talk about volatility, the market will eventually corrects itself. May not be now or near future but someday

franky1
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September 28, 2014, 11:34:54 AM
 #7

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

  • Reducing volatility
  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
  • Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.


volatility is not controlled by code. but by the people buying and selling coin
99% of places in your town dont accept bitcoin, maybe because you have not successfully asked the places in your town to accept bitcoin. so try to think about a nice way to mention the benefits of bitcoin and convince them to accept bitcoin.

remember you are the community. your friends family, merchants in your town are the potential growth. so go talk to them.

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
manu92 (OP)
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September 28, 2014, 11:35:08 AM
 #8

I wonder why the bitcoin community does not evolve Bitcoin.

because altcoin try this ... and they ALL FAIL.


Evolution does not always lead to failure. There are certainly other reasons for the failure of altcoins.

The Bitcoin Community must list all the axis of improvements then work to achieve them.
Skirmant
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September 28, 2014, 11:36:19 AM
 #9

  • Reducing volatility

The more people start using it the less volatile the price will become.


How can you be sure of that ?  Are there any argument to prove it?
Take the example of currencies like USD or Euro. There are 100 millions people who use them and yet there is need for a central bank to make the regulation.

And does the central bank with all these regulations stop inflation? No. It's in the nature of currency to be volatile, we just need to get to the point where it becomes stable enough for everyday use. There are also altcoins out there that try to battle volatility by adjusting the supply or attempting to attach them to IRL resources and so far these attempts haven't been very successful.


  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations

Because not all merchants have adopted it yet. Just 2 years ago the idea that so many mainstream business would start accepting bitcoin was viewed by a lot of people as insane, so give it some time. There's still a long road ahead.

I agree with you. But why not be more proactive : What does the community do to make it easier for businesses to have a payment terminal for bitcoin for exemple.

There's plenty of material out there to help business owners that are new to bitcoin
https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses



  • Make concessions to meet certain laws

What laws?

Anti-Money Laundering (AML) and Know Your Client (KYC) measures

The Bitcoin protocol has no concept of money laundering or people's identities, it's an equal playing field for everyone. I don't believe the design should change unless the majority of community demanded it. So it should be up to the authorities to find ways to enforce these things, not us.
Silly Money
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September 28, 2014, 11:40:58 AM
 #10

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

  • Reducing volatility
  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
  • Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.


How can we reduce volatility? We have no control over that. We also have no control over how many merchnats accept it other than to keep promoting it. What laws should we cater to exactly? The laws need to work around us not the other way around.

Stedsm
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September 28, 2014, 12:26:10 PM
 #11

Reducing volatility isn't something that can be easily accomplished. Centralised exchanges will help with this, but that's going against bitcoin.

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LiteCoinGuy
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September 28, 2014, 12:42:19 PM
 #12

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

  • Reducing volatility
  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
  • Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.



hello there,

you can start and learn here:

http://www.youtube.com/watch?v=O0oDDIy0P2s

dennisn
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September 28, 2014, 01:00:40 PM
 #13

The "bitcoin community" is not some monolithic Borg mind. Different people want different things. You seem to want State surveillance built in to your currency. I'm sure there's an altcoin that already does that for you. Bitcoin is not the only digital currency. So your real question is: "why don't more people want surveillance / regulation?"

Your other problem is that you arrogantly assert that your ideas (ie. surveillance) are better -- an evolution. That's quite insulting.
Febo
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September 28, 2014, 01:05:52 PM
 #14

I wonder why the bitcoin community does not evolve Bitcoin. I'm talking about major changes :

  • Reducing volatility
  • Why is it still impossible for me to pay with bitcoin in 99,99% of supermarkets, restaurants, gas stations
  • Make concessions to meet certain laws

Bitcoin is magnificent creation, but il must evolve and make concessions to reach a wider community.


It seems to me you should read this forum much more, since what you say dont make any sense.


New bitcoin would be even less known
-so will have more volatility.
-so will be useful in even less supermarkets
-will be implemented in even less laws.


Main advantage of BTC over altcoins is adoption!
ziiiggy
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September 28, 2014, 01:07:20 PM
 #15

I wonder why the bitcoin community does not evolve Bitcoin.

because altcoin try this ... and they ALL FAIL.

Altcoin like Lite and Doge is alive and well...
fryarminer
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September 28, 2014, 01:11:12 PM
 #16

Hey welcome to Bitcoin.

Only time will implement the changes you would like to see. Nothing done to the code can facilitate those things, I don't think.
manu92 (OP)
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September 28, 2014, 01:21:46 PM
 #17

The "bitcoin community" is not some monolithic Borg mind. Different people want different things. You seem to want State surveillance built in to your currency. I'm sure there's an altcoin that already does that for you. Bitcoin is not the only digital currency. So your real question is: "why don't more people want surveillance / regulation?"

Your other problem is that you arrogantly assert that your ideas (ie. surveillance) are better -- an evolution. That's quite insulting.


I didn't say it quite correctly : I respect and adhere to the principle of freedom offered by the bitcoin, allowing peer to peer transactions without any intermediate. Maybe my suggestions and ideas are not good, but do you think that bitcoin is currently perfect and don't need to evolve ?

mandular
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September 28, 2014, 01:36:28 PM
 #18

I wonder why the bitcoin community does not evolve Bitcoin.

because altcoin try this ... and they ALL FAIL.

Altcoin like Lite and Doge is alive and well...

Yep, and example DOGE is still very strong. Look at volume on exchanges.
DannyHamilton
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September 28, 2014, 03:56:54 PM
 #19

Maybe my suggestions and ideas are not good, but do you think that bitcoin is currently perfect and don't need to evolve ?

I don't understand your question.

The reference code is currently version 0.9.3.  Clearly bitcoin IS evolving.  It is different than it was last year, and it is even more different than it was the year before that.  New versions of the code continue to come out.

As for anything else (such as merchant adoption), you are the "bitcoin community".  If you are asking what the "bitcoin community" is doing about convincing more merchants to accept bitcoin, then you are asking what YOU are doing about convincing more merchants to accept bitcoin.  I can not answer that for you, because you have not yet told me what you are doing.  Why would you ask me what you are doing?

Honestly, I suspect you are just trolling.  I really should know better than to feed the trolls around here.  It just attracts more of them.
instructor2121
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September 28, 2014, 05:25:41 PM
 #20

Danny and Franky are spot on...


What are we going to do for Bitcoin?

OP, you need local grocery store? Go ask them...Tell them about this wonderful technology. You need a gas station? You need a barber shop? Go ask them...share what you know and get involved with developing the ecosystem!

This is what it will take... Grass roots effort and nothing short of that!

Thanks
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