Bitcoin 2.0? | Bitcointalksearch.org

Lauda

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Terminated.

Quote from: franky1 on August 03, 2014, 09:12:03 PM

Quote from: R2D221 on August 03, 2014, 08:24:00 PM

Why is everyone talking about Bitcoin 2.0 if we haven't even reached version 1.0?

because people are making altcoins and trying to fake it that their altcoin is the next big thing..

basically trying to profit off bitcoin fame.

its much like bitcoinscrypt, bitcoindark, bitcoin_... blah blah blah.. they are all crap coins trying to scam people into handing over real bitcoins for these 'fools gold' crap

Exactly this. Every random altcoin is trying to take the fame. There is no Bitcoin 2.0 nor will there be one, this is just a naming gimmick.

RepublicSpace

member

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Build your own client, fork the blockchain and get people to follow. May the best client win. Good luck.

R2D221

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Quote from: EnterReturn on August 04, 2014, 08:26:30 AM

The idea that the value of bitcoin will continue to rise over time is false, because that is not how markets work.

I have no problem with that concept, to be honest. I'd rather its value stabilizes. I would makes some things simpler, such as selling products at a fixed BTC price.

Summer,69

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Quote from: EnterReturn on August 04, 2014, 08:26:30 AM

current price of bitcoin has future growth expectations built into it.

Really? So you think BTC has the future growth of the next 20 years already priced into it... I find that hard to believe.
They say the currency markets and the stock markets have the growth of the next 6 months priced in.. and thats pushing it..
Your assumption is false.

EnterReturn

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Finite supply currencies is what the US worked with up until 1971, so saying its doomed to fail is absurd.

EnterReturn

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The idea that the value of bitcoin will continue to rise over time is false, because that is not how markets work. The current price of bitcoin has future growth expectations built into it. Its price rises when people think its future growth is not represented by the current price. This means that the price will only continue to rise if the market consistently lowballs its future growth. And it has already been demonstrated that this is not the case.

bitsmichel

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Quote from: R2D221 on August 03, 2014, 08:24:00 PM

Why is everyone talking about Bitcoin 2.0 if we haven't even reached version 1.0?

Pump and dump schemes, there's a lot of them in the alt coins. Bitcoin has the largest market cap at present, the other alt coins just have 10%, 1% or even less of that.

ipnone5only

newbie

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Quote from: Riniaiokl on August 04, 2014, 05:09:32 AM

My guess is when someone creates a "Bitcoin 2.0" without the reward half life, you would say "Oh, wait. We meant we need the ability to adjust the inflation through the use of some special private keys the government will hold and implement 'when the economy needs it'." Fuck off.

no not at all...
I dont know how the inflation will be adjusted. Different mining set up? Im not very tech savy when it comes to things like mining so I cant think of a way for it to work, but im sure some tech savy people here can figure out a way.

Riniaiokl

newbie

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My guess is when someone creates a "Bitcoin 2.0" without the reward half life, you would say "Oh, wait. We meant we need the ability to adjust the inflation through the use of some special private keys the government will hold and implement 'when the economy needs it'." Fuck off.

gtraah

sr. member

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What ever alt coin comes out with what ever features can be implemented into Bitcoin if it was SO SO worth it. This is the reason none of them take off, Bitcoins network is so powerful it would be to difficult to catch up too, plus like I said if there were such a feature that came out that was so good and SUCH a good idea then it would be implemented in the core or on a layer ontop. But there is no such magic feature that's out yet its all just gimmick features.
There is more than 250million dollars invested in the BTC eco system, which is more money than the internet back in late 90's thats nuts! There is so much happening in and around bitcoin that we have no idea what going to come next. Exiting!

Houseman

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Quote from: R2D221 on August 03, 2014, 08:24:00 PM

Why is everyone talking about Bitcoin 2.0 if we haven't even reached version 1.0?

Real Bitcoin 2.0 is about the opportunities ahead by developing, utilizing and expanding the possibilities available from the blockchain and not about another altcoin that has no real value proposition.

Asmith55

newbie

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To make a profit, it is like stock market pump and dump schemes.
In a stock market people use the pump and dump scheme, all you do is buy cheap stocks. Say these stocks will increase in value to 10x the cost they are, so people buy them to make a profit. You then see the price increase and when they have increased loads you just sell all your stocks at 5x what they were originally worth. PROFIT

(although anyone who buys the stocks will miss out as the stocks will crash to below what they were worth before)

So in bitcoins you get a cheapcoin by mining or buying hype it up the cost increases you sell out and PROFIT.

Same scam but in a different place.

franky1

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Quote from: R2D221 on August 03, 2014, 08:24:00 PM

Why is everyone talking about Bitcoin 2.0 if we haven't even reached version 1.0?

because people are making altcoins and trying to fake it that their altcoin is the next big thing..

basically trying to profit off bitcoin fame.

its much like bitcoinscrypt, bitcoindark, bitcoin_... blah blah blah.. they are all crap coins trying to scam people into handing over real bitcoins for these 'fools gold' crap

R2D221

hero member

Activity: 658

Merit: 500

Why is everyone talking about Bitcoin 2.0 if we haven't even reached version 1.0?

Topic: Bitcoin 2.0? (Read 1108 times)