Topic: Applying Satoshi's Ideas - page 2. (Read 409 times)

I disagree on this point, people actually spend Bitcoin on products and services. It is difficult to implement that into a physical store, most of the transactions happen online. This forum for example, services are rendered daily in exchange for bitcoins. Many gambling sites also accepts bitcoin transactions. If we can trade Bitcoin for these, then we can trade it for a wider range of products.

What high transaction fee are you referring to?

It doesn't matter what we want, the legislators won't consult with this forum or Bitcoin community when they will write the laws that will regulate Bitcoin. And they surely won't ask us if we want regulations or not in the first place.


Algorithms, including AI, can't separate spam from normal posts well enough to use them on practice. Automods exist and are used, but they don't cover all the cases.

As for voting and reporting, it's all not Sybil resistant.

I have seen a report stating that more than 60% of the ETH nodes are on the cloud servers, they are mostly on AWS.

On the other hand, once, Binance CEO stated that AWS issues affected the users. I don't have the full information about what are affected but this shows that 'we have a problem'

https://twitter.com/cz_binance/status/1164768489040535559

its too late to inform people that btc is meant to be spent daily because for once they are here to earn btc, keep it like investment. i don't think anyone is going to spend their BTC to pay for the products they buy every day while they pay for the high transaction fee. if there is a stablecoin, its the stablecoin that we may be using to pay for anything. its not satoshi's idea i guess but i think this is where we are going now.

BTC is opensource, satoshi knew it can be forked and copied. its his idea too.

Correct. Bitcoin will work with or without them.

Do you have data on the percentage of nodes that runs on those services? You could have a point here, and a first start would be if you run your own node from your home.

Why and how? I don't think that's something you can plan, but I also don't see a reason to want to slow down adoption.

That's funny coming from someone who just created an account here. From what I've seen, forums that claim to be decentralized still run on a centralized server.
But feel free to create a decentralized forum, I'd love to join one that works!

Perhaps, the author meant the debates around regulations. Do we need the authorities of various countries to impose regulations on cryptocurrencies or not? It's a difficult question because if we are pro-regulation, the second question is how far can we agree for it to go in return for safe (100% legal) usage of Bitcoin.

I agree that there's no need in decentralizing the forum, but I think it's possible theoretically to have a decentralized forum with moderation. For one, moderation can be automatized (auto-deleting posts with certain words or posts which were reported to moderators X times). Another way to go around would be to decide the banning cases by voting or something like that.

I think that similar to how Gold has been and is viewed as an investment instrument, so we need to look at Bitcoin like. First of all we must understand that we've never encountered something like Bitcoin which fulfills both the store of value and method of payments functions. Even if Satoshi has created Bitcoin with it to be used in day to day transactions that doesn't mean we shouldn't speculate on it. The truth is that it is a deflationary currency, thus is bound to increase in value as the supply shrinks more and more over time. Do you think Satoshi created the decimals just to be there? - We don't really have a use for the "satoshi" unit NOW as it is not even worth more than 1 cent. But as the price grows and we go into the 6,7 digits numbers we will make the transition so people mostly use that term instead of BTC.

They aren't backing anyone up, they are simply trading Bitcoin, and it's their right to do so, Bitcoin does not discriminate, everyone is free to use it.



Who we? Regular users rarely host nodes in the cloud, it's mostly done by enterprise, go preach to them, if you want.

How can you delay something that is done by the masses?


You can't have a decentralized forum that at the same time has moderation.

Why? It's almost unnecessary, and I'm not sure how you're going to decentralized a forum anyway(P.S. Steemit is not decentralized). Bitcointalk is working really well right now in it's current state, and I think making it decentralized is very likely just going to bring in more problems than advantages.

What centralization issues? Can you please elaborate?

Apart from the technical nitty gritties and debate between centralization and decentralization, First and foremost thing, we need to use bitcoin as a currency! If you look at bitcoin as an investment, you are getting it wrong from the first moment!

Having said that, bitcoin also needs to be adopted widely to go back to the roots. Unless we have a place to spend bitcoin for our daily needs, we ain't gonna use it as a currency! So each of these parameters are inter-dependent! It's use as a currency won't be developed unless it is adopted widely. And to make it widely adopted, institutional support is needed!

We can't be really blind and throw away opportunities for the sake of being centralized while the economy worldwide is strongly inter-connected!

As far as I can see, we are surrounded by the ones who are willing to become rich quick through bitcoin and other altcoins. While they are doing this, we are missing a lot one of which is the ideas of satoshi. Because of these people, bitcoin is getting negative comments by the ones who are losing money in short term and telling a 'scam scheme' to bitcoin.

A Manifest to The Community

1) We need to go back to the roots
2) We don't need institutions to back us up
3) We need to apply the decentralization through getting the nodes out of the centralized servers firstly(aws, google cloud etc.)
4) We may delay the mass adoption thoughts until we fix some centralization issues
5) This forum needs to be decentralized too




edit for the manifest, morely as an explanation

1) The main idea for Bitcoin is to make the system decentralized and control our own money. We are leaving this through wanting to carry the price ATH whether it is with institutions(Libra, ETFs, Bakkt, and other governmental projects) or some other ways which doesn't include the roots of Bitcoin and ideas of Satoshi.

2) As I explained above, as far as I can see, people want the price to reach high so that they can make their money 10x-100x. To do that, they want institutions' investments. Check the news, oh hey Bakkt reached daily new volume record. We should be inelastic with the news regarding to these regulation moves. Libra may not get approved, we don't need it. This shouldn't affect the price or this shouldn't decrease the mass adoption. We don't need these.

3)I have seen a report stating that more than 60% of the ETH nodes are on the cloud servers, they are mostly on AWS.

On the other hand, once, Binance CEO stated that AWS issues affected the users. I don't have the full information about what are affected but this shows that 'we have a problem'
https://twitter.com/cz_binance/status/1164768489040535559

4) We, asap, want mass adoption so that the price can reach ATH. Let's not think that simple and work on some issues we have as I stated on 3rd. How to delay it? Well, we may not spread much about bitcoin and cryptocurrencies before we clear the scam ICOs or scale issues or centralization issues. Otherwise, we will lose them forever if they come to a system which is not set yet.

5) We may have a voting system, decentralization means dividing the power.