Topic: Bitcoin endgame (v1.0 ?) (Read 1509 times)
There are no new things to come in Bitcoin's coding. The currency has been the same for many years now and there has been no change, and there will be no change soon either except if a totally new currency will be created, but I doubt any altcoin will ever reach Bitcoin's popularity and trust.
There is no advantage in having a protocol where every aspect is set in stone. We have always said, one of the advantages of Bitcoin is it's
adaptability to change. If someone bring out a feature in a Alt coin, and it might be beneficial for Bitcoin... then Bitcoin can adapt to that like a
Chameleon.
... Yes, some of elements should be "set in stone" to protect it's value.. like the Coin Cap and the reward intervals.. etc.. 
adaptability to change. If someone bring out a feature in a Alt coin, and it might be beneficial for Bitcoin... then Bitcoin can adapt to that like a
Chameleon.
... Yes, some of elements should be "set in stone" to protect it's value.. like the Coin Cap and the reward intervals.. etc.. The thing is, satoshi nakamoto himself said that after the 0.1 bitcoin release, the design was set in stone. What we don't know is if he meant that the block size would also be set in stone and never change among other things.
In any case, just because a software reaches 1.0 doesn't mean it's the end. Software can keep being developed way past there, it's just a number. 1.0 should be as solid as possible tho.
maybe but bitcoin is tied to money and ideology, two things which are very extremely emotive and not petty in any way at all.
Now tell me that Linux is not about ideology
In respect to money, Linux has already sucked a few hundred billion dollars that Microsoft and Unix vendors didn't receive because of it. Just think about almost 100% of supercomputers running this or that flavor of Linux. If Bitcoin market cap had been only one tenth of how much money Linux managed to wrest from the grasp of proprietary vendors, its price would already have been in the range of thousand dollars if not dozens of thousands
i think enough different people believe they're right that they'd collectively cause it to die rather than relinquish their positions.
No I want to believe that will never happen. What is bitcoin except a sophisticated, innovative, revolutionary technology? A brilliant idea of a man or group of people; that is a brainstorming how people could transact in the future. If this idea stays without development dies. Does anyone, here, want to see bitcoin to die?
maybe but bitcoin is tied to money and ideology, two things which are very extremely emotive and not petty in any way at all.
i'm sure there's plenty of that with linux too but it doesn't go to the very core of what they're working on in the same way. bitcoin will always be great. it's the humans surrounding it that might turn it all to shit.
i'm sure there's plenty of that with linux too but it doesn't go to the very core of what they're working on in the same way. bitcoin will always be great. it's the humans surrounding it that might turn it all to shit.
well, we might well already be set in stone apart from bug fixes. i don't think the future looks too bright if that's the case but it could be. if people can't agree how to improve it now when it's still tiny then there ain't a hope in hell they'll manage it further down the line.
Bitcoin may be a tiny blot on a world scale but it is already a big deal from a personal perspective
I don't like that the Core seems to be turning into a fight club, but things may get sorted out eventually and unofficial rules regulating Bitcoin development will be finally worked out and "set in stone". As to me, it is rather a matter of the number of active developers currently involved in Bitcoin. The Linux kernel is said to have over 1,000 active developers, and some of them arguing over petty matters are utterly irrelevant, and no one seems to give a fuck about it. So if Bitcoin becomes as large as the Linux kernel in terms of workforce, such issues might go away in due course
Bitcoin is a technology and in the IT industry technology change faster than usual. "the only permanent in this world is change" So don't be afraid or bothered if bitcoin changes just embrace it that is what it is. If we are going to pinned out bitcoin into certain place in order for us to feel comfortable then bitcoin would surely vanish. Just sayin tho
well, we might well already be set in stone apart from bug fixes. i don't think the future looks too bright if that's the case but it could be. if people can't agree how to improve it now when it's still tiny then there ain't a hope in hell they'll manage it further down the line.
Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.
Yes I think that is possible, if you add privacy and security updates to the list of "allowed changes". The most important rules of the Bitcoin network are already effectively set in stone - coin release and maximum number of coins possible. Given the current scaling debate, people might get the wrong impression that there is widespread willingness to change every single rule, Bitcoin is operating on. But in fact, most efforts center around making Bitcoin scale efficiently.
So I think it's possible that we may see a "final version" of Bitcoin in future. The reason is that Bitcoin itself can remain a relatively basic system - experimentation and new innovations can happen in 2nd layers and sidechains. Bitcoin will just be a framework for more complex structures built on it.
ya.ya.yo!
despite the loud onchain-scaling-crowd
Most people using Bitcoin on a daily basis, do not want to know everything related to the intricacies of the Bitcoin protocol. They want it to
be secure and fast. How many people still believe that Fiat currencies are pegged to gold? Ask them, and you will be amazed how ignorant the
general public is to the thing {money} ... that they are using every day.
It is impossible to have such kind of a system. If it is possible then to make it come through we must have an agency or a group that is detailed to do such things. Then the essence of decentralization will be lost in space. The concept is good though but I prefer the system as it is today. Bitcoin is still working and loved by the people the way it is now.
Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.
In other words, is a version planned thats never ever going to change except for bugs/UI and to keep the base up-to-date for OS/lib/toolchain changes.
Yes I think that is possible, if you add privacy and security updates to the list of "allowed changes". The most important rules of the Bitcoin network are already effectively set in stone - coin release and maximum number of coins possible. Given the current scaling debate, people might get the wrong impression that there is widespread willingness to change every single rule, Bitcoin is operating on. But in fact, most efforts center around making Bitcoin scale efficiently.
So I think it's possible that we may see a "final version" of Bitcoin in future. The reason is that Bitcoin itself can remain a relatively basic system - experimentation and new innovations can happen in 2nd layers and sidechains. Bitcoin will just be a framework for more complex structures built on it.
ya.ya.yo!
Bitcoin will never be complete. Its an ongoing process and will continue to be. And the arrogant devs will continue to argue. Until something else comes along. I would put money on it.
as many mentioned code is never finished and it is kind of unrealistic to expect it with bitcoin. but for the sake of the argument let us assume we have a version where we can say it is safe to run and has all necessary options included that we need. i would not change it anymore until a time were security changes needed to be made.
It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.
Yeah I agree with you mate. Bitcoin is designed to adopt on changes and trends happening in the society. Just think of this, if all the rules will be set in stone for life, what if there will be unexpected changes to happen in bitcoins track and some rules would counteract for those changes? Then those rules will be opted to be changed then. So i think rules for bitcoin should remain free floating.
Do you think there will ever be a version where we can really say bitcoin consensus rules are set in stone forever?
Could be never, because bitcoin must adjust in means of social, security and engineering to be viable.But that doesnt mean its bad thing, its very good thing it CAN adjust
Correct, bitcoin should innovate also and adjust the needs of this changing times. Bitcoin consortium could implement what is needed because we have a fast changing advancement in technology. What is acceptable today is possibly obsolete in the coming years. They need to patch up things that is not working anymore.
when it comes to new technologies (bleeding edge?) you can never expect a last version that never changes. but instead everything will continue changing and being improved to match the new world and the new usages that people need in the future. but eventually this will slow down since there isn't much to change after a point apart from changing some stuff about the signatures in like 50 years so it matches the speed of computers (security improvement) by that time 
It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.
This is the reason why so many altcoins are popping up,same features but different usage and roadmap,they used it to make money from the others.
Cloning Bitcoin has become a huge business..
It is impossible for Bitcoin to have all the rules set in stone for life. Bitcoin is designed to be as versatile as possible and adjustments can be made in the future to meet the needs, eg. increasing the block size. People can still modify the software and run another version of Bitcoin with other set of rules. Those who support it will just switch to it.
Well, satoshi himself said that the core protocol rules were set in version 0.1 and it would be a disaster to try to change them, he didn't believe in an alternative bitcoin to these rules. For example, changing 21 million total coins would be a disaster, I don't think no one will attempt that because it would be an insta kill for bitcoin. So some rules must be set in stone, the fact theoretically you could change them doesn't matter to advance version number.
I doubt anyone can answer this question and i doubt that it will ever be finished, def not in the next 20 years anyway.
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