Topic: Bitcoin could have some innovations nowaday ? BRAINSTORMING COMMENTS (Read 232 times)

Wallets are simple? yes. We could make them more easier? YES,  thats my point making them universal en terms of joining other altcoins ecosystems really could be a big reach!

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To be honest, that's an amazing quote, ''make it work for everyone'', you really deserve some credit for that.

Bitcoin's awesome, the best, believe me. But we gotta make this thing easier for regular people to use. Right now, it's like...too complicated (or perhaps people are so lazy). Regular folks see it, they dont get it, and that's a problem. We need to make buying and selling Bitcoin as simple as using your bank. Security too - gotta be top-notch, but explained in a way anyone can understand. Right there, more people would trust it. We need less fancy tech-talk, and more plain explaining - what Bitcoin IS, how it works. Thats how we get grandma on board, see?

This isnt about changing Bitcoin itself, its about making it work for everyone. Do that, and Bitcoins not just for the tech nerds anymore. Its in everyone's wallet, used every single day.

The majority issues being encountered by bitcoin is the government at their restrictions of bitcoin within their territories of financial institutes.
So my input to this is how bitcoin the government can allow their citizens to transact and holds bitcoin to their desires without the restrictions of most especially on the p2p trading.
Then in the technical relative which I don't know the technical possibilities to make this work is how the bitcoin developers and technicians can provide means a central means by which those restricted investors could have a complex and flexible means to trade their assets on the p2p for exchange transactions most prioritizing on those affected restricted regions.
I feel this presentation is impossible but those with deep technical knowledges may have an insight of possibilities. Only that bitcoin doesn't want to be a technology that breaks the laws instead they want to remain calm and reputable else I believe such implementations could be manipulated.

I see, imagine the new people getting into bitcoin they will be lost .....

Many of Bitcoin wallet already easy to use, whenever you create a transaction, you can choose slow, medium or fast transaction, and you're allowed to custom your own fees. You don't have to create your own address from scratch anymore.

Alright, since you want to completely ban BRC-20 tokens, it means you treat Bitcoin as non fungible coins. You're also support Ocean mining pool to censor whirlpool transactions, Wasabi wallet censor few addresses, SEC confiscate coins from mixers etc.

This is called a centralized exchange.  I doubt it goes better than that.  If person A wants to send money to person B, but A has bitcoin and B wants monero, then you need an exchange to do the conversion.  Theoretically, it can work decentralized, but it's a lot more expensive due to the on-chain transactions needed to make use of the scripting language of each crypto. 

So, in summary.  It's not a UI problem.  It's an economic problem. 

I actually agree. The more and more people become interested in crypto the more I feel like things are getting complicated. It’s not just wallets but a lot of upgrades also are getting too complicated and I know beginners might get overwhelmed. Even I who have been into crypto for quite a while now gets a little confused about new improvements that are supposed to be developing projects but in reality they just make things more difficult!

Are the existing ones aren't user friendly? Because if they are not then no one is able to use them from the people who are beginning to start to adopt and invest on Bitcoin. But even without having someone to teach them personally and real time, as long as they're able to follow step by step, that means that they're user friendly and easy to use. I get your point here and I'd probably focus on the more part if you're not satisfied with the existing ones. Honestly, we've got plenty of them already.

I can think of 3 things which will help bitcoin to grow -

1. User friendly wallet that calculates transaction fees and gives you options to choose the fees.

2. Scale to accommodate larger volume of transaction. With global adoption, the volume of transaction is expected to increase. Bitcoin network really needs to scale up.

3. Completely ban BRC20 tokens and fix the gap so that these nonsenses do not show up again.

I think these upgrades/changes can really help bitcoin to grow further and find new user base.

Interesting point of view, i share the same opinion with you Plaguedeath, I honestly consider that the lack of  fungibility is a problem when it comes for example to sell Bictoin, you made me think 10 mins straight looking to the ceiling of my room, a possible  way to solve the fungibility problem and it is very complicated in the bitcoin ecosystem because it is transaparent.


The user-friendliness that i meant has nothing to do with the design and user interface of the wallet, but with its possible correlation with other altcoins in a simplified ecosystem for any user, what I mean is that it is as simple as you make a transaction to x person in any cyptocurrency having only ''a one wallet address or their email, user etc...''.
Something that would correlate all crypto systems in a simplified environment as easy to use for any user and from my point of view would help more in its growth, and I'm not talking about my ass in this case.

Very good point, exactly as i think, speed and network saturation maybe could be fixed in the near feauture as the transaction fees, i really liked ur point.

At the moment I could only enlist those things that I have less or now knowledge of, which I want to become generic or easy for me that I could easily start doing those things. And that would be mining. I know I don't have huge resources but if things would be a little easier and understandable for me I will definitely give a try to BTC mining. And if some tools came along which are obviously going to be third parties as current tools mostly in use are open source and I don't want to use close source one so in short tools should be open source and verified.

If any tool came into being that will make mining a little easier like in terms of implementation of things then I will like that more and will become a miner myself with the little funds I have. In our country solar panels are cheap so I can really give it a try. I don't know exactly which tool or system we need just an idea. Plus I don't want any other thing for now.

Why do people complain about user-friendliness?  We have smooth user interfaces.  Electrum for desktop and Bluewallet for mobile are the way to go for a complete beginner.   


Exactly!  With Revolut and Paypal as exceptions, I have never found one banking app that is user friendly.  Every bank builds their app on different design and standards, so when you migrate to another bank, it's always difficult to get used to it.     

I want to see Bitcoin on-chain could automatically integrated with Lightning network without need to fund from on-chain.

I want to see Bitcoin no longer considered as non fungible coin anymore, so whenever someone or centralized sites receive and send Bitcoin, people will not care anymore if it's "dirty coins", "clean coins", "rare pizza coins", "ordinals" etc etc.

Bitcoin really simplifies many concepts, so you don't need detailed knowledge to learn to create an address, generate a private key, broadcast a transaction, prove ownership by signing a message, or make recurring payments via the Lightning Network.
The basics for all financial systems exist, and trying to add more complexities, such as adding images, videos, and words on the network, will increase fees and complicate the user experience.

The only thing that matters to me right now is to make the transaction in bitcoin much cheaper and faster, I don't like waiting around and at the same time having this anxiety that my payment or the payment for me isn't going through smoothly. I know that there's Lightning Node but I'm not complaining about that, I'm complaining about the general speed of transactions on the network, there's no way that it will be a viable thing to continue on especially with the price much higher than ever, it's not a good idea that bitcoin is taking so long and the fees for doing transaction is getting more expensive whenever there's a surge in market, I want to get my bitcoin out too like any other people during the times that it's a good opportunity to sold, I think that it's a fair trade but seeing the current speed of bitcoin network, it'll probably take some time before that can happen.

Is this the kind of improvement service you would have wanted to have with the bitcoin network, i don't think this is a challenge right a way because we all have the right to make decision on the kind of wallet to use for our bitcoin, how to store the keys and many other safety means, all i expect to see was about the improvement proposals or the ordinals challenge, but the use of bitcoin wallet is left at our own discretion to decide on what we want.

Concerning user friendly wallets, bitcoin has a lot of wallets types base on what we want to use them for, there are some for beginners like exodus, some for professionals like electrum, and many other wallets like sparrow or blue wallet and you can make use of bitcoincore as well to run a full node.

Bitcoin is already very generic, and I don't think anything needs to be done in that regard. Perhaps what the op's asking about is user-friendliness and accessibility? I personally find non-custodial wallets like Electrum quite understandable and easy to use, but perhaps a wallet that looks more like online banking and gives you warnings for newbies to double-check the address and mind that transactions can't be reversed could be helpful.
Then, of course, there are centralized solutions that make Bitcoin easier to use as well as can make cheap instant transactions possible (because the transactions aren't actually happening on-chain).

That's an interesting thought! I'm curious, what kind of tools or features do you envision could make Bitcoin more accessible to a broader audience? Are there specific challenges you see for non-experts that you think could be addressed?

even with congested high fee's, setting up a 1 or 2 time transaction of say a family trust could be cheaper using bitcoin than fiat, even with bitcoins congested fee rate.. however many normies still wont use bitcoin to store family wealth in bitcoin due to how elitism bitcoin is becoming with its terminologies which scares normies from even trying because they think its more complicated than fiat trusts..
EG people are told they need to run full nodes for full control, then learn what a full node is, then learn the command prompts and config file edits needed to set up a full node, then need to learn what a blockchain and a transaction and [insert needs] just to understand things before even just making a transaction.
theres silly words only bitcoiners know like instead of learning about accumulating wealth they gotta learn how to say HODL
we still need to normalise terms and explain things within wallets for normies to just use without them needing a lengthy learning experience..

its even getting silly where core even want to remove built in legacy tools from core, meaning people will then need multiple programs just to do a simple legacy transaction in the near future(facepalm). which wont be a simple copy/paste job but a 'migration tool' made to be complicated/cumbersome on purpose to attempt to make people not want to use legacy due to the added annoyance(facepalmx2)

even in this forum there are people that talk in topics for years that still dont understand basic concepts because they feel its too much of a hardship to do the research, and they instead decide to play dumb hoping someone would spoonfeed them answers like a baby which they can just repeat to sound smart even if they dont understand it, or cry that they are being misled because they are hearing different versions of advice

things just need to be kept simple and explained in normal terms rather than having a bunch of idiots using buzzwords to sound like experts but then misleading normies

for instance self controlled family trust operations, can be worded in normal speak rather than buzzword techno speak
EG multisig : groupfund/trustfund/family trust
       scripts : terms and conditions
       m of n : number of signers of group total

OP, what do you mean by "make it more generic"?

Bitcoin is not intended to be a one-size-fits-all digital currency like some generic product.  It focuses more on ensuring security and decentralization instead of making things overly convenient.  Of course, there are ways to streamline the user experience with Bitcoin to an extent, possibly through some trade-offs.  For those who prioritize ease of use above all else, there are plenty of existing digital payment options that aim to be as simple as sending an email

I just wanted to capture the ELI-5, which is entirely new to me and I like the idea it portrays but, I choose to let some as above statement go with it.

I understand that every field have got its terminologies and it’s easier to speak that way but for easy understanding but, you might be only speaking to very few individuals who follow through on these terminologies and living a whole lot in awe!

That’s what’s really become of the rest of this forum when met with technical discussions and as such, directly become unproductive as per the ideas they could give. No doubt there is room to learn and of course a lot of users do try but, being more accumulative with how these terms by not using another term to explain another and so on would aid users understanding and follow up on a discussion.

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I think one of the major problem and some of the reason it has have a major shift from being used for an everyday currency is the issue of fees. If this is settled, people would be pushed to use Bitcoin remotely and come ease to usage comes ease to adoption. No one wants to have there transaction delayed, pay more on fees over a few dollar worth transaction or have a transaction cancelled after supposedly have closed a deal on trust.

user-friendlyness is the way to go

many protocol level stuff and wallet level stuff have been subjugated for the tech elites. they create silly buzzwords that average joe never heard of and made to sound complicated and then made complicated to try to make it seem that you need to be a pro to use it

its the same nonsense that many industries over the last century try, they try to over complicate things to try to create a whole sector of industry that requires professionals rather than normies

bitcoin needs to revolutionise finance to make it more simple than fiat.
for instance in fiat setting up a trust has been made to sound complicated and requiring lawyers and bank managers and notaries.. however in crypto multisig is actually simple, but made complicated via buzzwords and annoying wallet standards.

things need to be brought down to a ELI-5 (explain like im 5) standard where even kids at a school can form a group fund to share value and decide who owes what. so that even a kid can set up a family trust in crypto.. without the need of reading white papers and instruction manuals/videos or the need to get a adviser/middleman/manager to deal with things

I don`t really know how i`m going to put this that it may not seems disrespectful
What are wallets like Bluewallet and Electrum for, is there any complication for using it as a total beginer in bitcoin.

Also what kind of feature do you think these wallets lacks to become an actual user friendly
I wonder if you ever use a bank app before

Are you experiencing issues with the people in your society adopting Bitcoin? What do you think are the issues? Is it technology related, resources or personnel related?

I believe that issues with Bitcoin adoption is not the same in our societies. That is what you experience in your society will be different from what is experienced in my society.

In my case, it is not technological related that is it is not about Bitcoin but the tools and resources required for adoption. I come from a poor country and we still grapple with steady electricity, income, illiteracy, corruption and all of that. These are some of the issues that  slows down the adoption of Bitcoin in my country.

I will start saying that we need more user friendly crypto wallets and a system linking it, simple as it sounds.

We know that bitcoin is a digital currency perfected at its highest level but you really believe that new things could be implemented in the bitcoin environment to make it more generic for perhaps a public that is not an expert on the subject. Maybe some tool that makes it more generic for its complete adaptation (and I do know that bitcoin is adapting in our society)

What I want to conclude is that I want to hear your opinions on the subject, useful things (tools, systems, etc...) could be implemented in the bitcoin environment in the present?

and if the answer is yes, do not hesitate to leave the idea below.

Lets make it as a brainstorming thread.