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Topic: Bitcoin endgame (v1.0 ?) - page 2. (Read 1509 times)

legendary
Activity: 1358
Merit: 1014
November 20, 2016, 01:00:33 PM
#8
I have wondered myself about this a lot of times. Some people claimed that we will never see 1.0 during our lifetime... this is pretty insane to think. I don't know any other software that has took an entire lifetime of development and it still being below version 1.0. Maybe Bitcoin can be the software that took the longest to develop (as in to reach 1.0).

I think we will reach 1.0 until we find a solution for the mining centralization.
full member
Activity: 224
Merit: 100
November 20, 2016, 12:56:32 PM
#7
Change is constant and to not change would banish the future potential of bitcoin and allow another concept to run with the limelight.
I do find it funny that it seems to be one of the biggest issues that divide us,being change or alterations to bitcoin.
Change is also one of the biggest hurdles in real life for people to adjust to or shut down over,so I guess this issue is just reflecting human nature.

I hope bitcoin does not change for the purpose of change and that each step is well though out,I do except that it is inevitable for bitcoin to evolve.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
November 20, 2016, 08:40:52 AM
#6
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.
i disagree here, one selling point of BTC is (for me at least) that it is and should be very hard to change rules and adapting to "needs".
i would reverse what you said: BTC is what it is maybe it covers (some of) your needs and if not, go away

personally i can not only live with a "gold" like bitcoin i would prefer it, where a transaction is expensive and the asset is expensive, so to say it in words of others: buy your coffee with layer2/altcoins/paypal/visa/whatever and buy your house/expensive things directly on-chain with BTC
The main attractive point of Bitcoin is the transparency and the fixed market cap. Bitcoin can be changed and ONLY those who wants the change will opt for it and  the others will simply stay with the old rule. For example, if a tiny fraction of the users support the increase in market cap, those who supports it will opt for it and it would eventually die because it is not a beneficial change to most. The community will decide whats good for them and whats not.

Transactions aren't expensive. Bitcoin is capable of handling more transactions with the technological advancements.
legendary
Activity: 1904
Merit: 1074
November 20, 2016, 08:16:57 AM
#5
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.  Wink ... Yes, some of elements should be "set in stone" to protect it's value.. like the Coin Cap and the reward intervals.. etc..  Cool
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
November 20, 2016, 08:07:51 AM
#4
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.
sr. member
Activity: 244
Merit: 250
November 20, 2016, 06:43:48 AM
#3
No it can't, but v1.0 can be deployed. That won't mean the end of Bitcoin, since there is so many things that have a version over 1.0.
legendary
Activity: 2296
Merit: 1014
November 20, 2016, 06:40:41 AM
#2
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 Smiley
jr. member
Activity: 34
Merit: 1
November 20, 2016, 06:34:02 AM
#1
 Huh




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