Bitcoin Forum
May 07, 2024, 09:28:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: In these desperate/FUD times, here's my (I hope) unbiased view of Bitcoin.  (Read 1698 times)
a447513372
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250

DLISK - Next Generation Coin


View Profile
September 29, 2014, 10:54:25 PM
 #21

The problems I see:

1) Lack of innovation. Absolutely nothing big happened for years now. Anonimity would be a helpful thing, even if it means hard fork. I'm starting to think this is being intentional. Anonimity is essential property.
If used properly you can stay anon while using bitcoin. You can also use mixers to disassociate your identity with any specific transaction
2) 7 transactions per second, it's clear that Bitcoin can't compete with other paying systems with a constraint like that.
We are not at the point that we need to have a higher max TX per second speed yet. When this comes we can adjust the protocol. If we have too high of a max TX rate then it would be more difficult to run a node.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
           ▄▄▄▄█████████▄▄▄
       ▄▄█████▀▀▀▀▀▀▀▀▀▀▀█████▄▄
     ▄████▀ ▄▄▄▀▀▀▀▀▀▀▀▀▄▄ ▀▀████▄
   ▄███▀ ▄▄▀▀      ████  ▀▀▄▄ ▀▀███▄
  ████ ▄███████████████      ▀█  ████
 ███▀ ▄██████████████████      █  ▀███
▄███            ████ ████      ▀█ ███▄
███ ▄█           ████  ████      █▄ ███
███            ████   ████       █ ███
███ ▀█          ████  ████       █▀ ███
▀▀▀▀           █████████       ▄█ ███▀
 ██████████████████████▄▄▄▄▄▄▄▄█▀ ▄███
  ██████████████████████████████████
    ▄▄▄▄  ▀▄▄       ▀▀▀▀▀▀▀█▀▀▀████▀
     ▀████▄ ▀▀▀▀▄▄▄▄▄▄▄▀▀▀▀ ▄████▀
       ▀▀██████▄▄▄▄▄▄▄▄▄██████▀▀
           ▀▀▀▀█████████▀▀▀▀


                ████                ▄████
    ████████████████                ████   ▄▄███████████████          ▄█████▀
   ██████████████████               ██▀▀ ██████████████████        ▄█████▀
             ▀████████             ███ ████▀                    ▄█████▀
             ▄█████████            ██▀ ███▀                  ▄█████▀
             ████ ▀████           ███ ████▄               ▄█████▀
             ████  ████           ███▄ ██████████████▀ ▄█████▀
            ████  ▄████           ████  ▀████████████▄ ▀█████▄
            ████ ▄████           ████               ▀██▄  █████▄
            ████████▀            ████               ▄████   █████▄
           ███████▀            ███▀              ▄█████▀     █████▄
 ██████████████████████████████ ███ ▄█████████████████▀         █████▄
█████████████▀▀▀██████████████ ▄██ ▄████████████████▀             █████▄

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Traffic4u
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
September 30, 2014, 04:45:03 AM
 #22

How do you even define "substantially"... would you prefer bitcoin to be flopping between PoW to PoS to PoSv to DPoS every month? Would that make you happy by seeing lots of changes instead of import work like testing, cleaning up the code, and patching vulnerabilities that don't have the marketing prowess as some fancy new scheme?

Perhaps, bitcoins problem more has to do with perception than development? Perhaps the solution to these perception problems is people doing research before spreading FUD.

Well, I already emphasized what I consider to be substantial improvement, nothing of that calibre showed up for years now. Yeah, I'm not into Bitcoin development, but I do read crypto news from various sources and I'm active on Reddit and I definitely can't remember when I read something about some big improvement to Bitcoin. So you can assume I'm an average crypto-holder and my impression may be the impression of many.

Apart from anonymity which is very important, but not even considered for implementation, I see confirmation times are huge problem. Those are the core problems that need to be solved, I don't want to read about new fancy wallets in the subforums you suggested to be read. Core problems need to be solved and some logic new features to be implemented.

And I really have no interest in FUDing because I'm 100% crypto now, I just wanted to give my impression.
Confirmation times do not matter. As long as the person you are sending a TX to is able to connect to a super node (and they are able to rebroadcast a TX they receive) they should be able to accept a 0/unconfirmed TX with little chance of getting a double spend attack with small to medium sized transactions.

If you have a shorter confirmation time then you will have more orphaned blocks and longer orphaned chains. With bitcoin as it is now, you very rarely see an orphaned chain of more the one block, while with shitcoins with short confirmation times you will often see orphaned chains that have 20 and 30 minutes worth of confirmations
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!