Topic: Future improvements - page 2. (Read 392 times)

By the way I wonder if you would have noticed that the transactions are stored in the blockchain and one can easily see any transaction and then redirect to the address it's going to and the fact that this address is usually tied to our personal identities is the fact it's easily trackable.
The reason why our wallet always pops up an option like * use another address * is the reason because if we use the same address at many places we become trackable .

It's pseudo transparent, it still have many flaws when it comes to tracking. Because most wallet companies now require full identification our information is actually stored in the blockchain , every move is monitored and can be taken action against if something happens.[/list][/list]

I think I don't agree with he fact that there is no need for adjustments.
Because in simple words * would you still use a mobile from 2000?* Why do we need upgradations ?
The reason we need upgradations is because new things are established and old things are improved for good.
Bitcoin is very advanced in a way it was amazing that someone could come up with something like that that too in 2009 and the fact that it's able to survive till 2019 and jot taken over by any coin until now is really amazing but we need to remember this that there are faults itself here .

For example let's compare it with the etherum , but keep in mind that it's not something that competing with Bitcoin it's a very different source but at the same time the time it takes to confirm transactions is seconds and about our Bitcoins ? We need to pay high fee . The only reason this exists is because etherum was programmed in 2014 and the programming language is a little bit better , ofc Bitcoin was the base for every coin but yet it needs to be upgraded to save it's place .

Upgradation is needed as self improvement , rather not as generating any other coin because even I agree on that point it's useless to fork.

In my opinion, Bitcoin is perfect the way it was if there is a need for an upgrade may be the things that add up to bitcoin that need an adjustment to collaborate with bitcoin, this cryptocurrency is perfect the way it was and I really think there is no need for adjustments, We are seeing the past Fork that there is no change at all with bitcoin but actually produce another coin that is separated with Bitcoin, I truly think that we don't need another coin from bitcoin but bitcoin alone.

I don't think bitcoin needs to be private more than ever. It works on where it is right now and IMO that doesn't need to change. Many privacy freaks could use any other form of money or crypto if they wish.


This is one of the things I'm wondering about: why would the bitcoin client complement the specifications and technicalities of the lightning network when the lightning network itself should adjust to bitcoin's specification and technicalities? Again, I don't hate LN all in all but being an off-chain, independent solution for congestion, it should have its own ways of addressing what 'incompatibilities' it may have with bitcoin.



Does it need to be centered about LN, always, and not bitcoin?


Impossible, unless someone would come up with a bright solution that would technically render any next blocks to not fill up hard drive storage. It will try to stay small and cram many transactions inside a block but it's a given that as time passes by, blockchain would gain and gain in terms of size.

Time and again we are just worrying about one thing and that is *the improvements in Bitcoins*. What it can do better to tackle the new currencies , how it is still at the top of the game and why should people start choosing it.

I stumbled accross this article and it seemed pretty interesting to me since it answered many of the questions. But it was over technical thus let me simplify it.

There are few things that are going to Mark a jump in our beloved cryptocurrency . They are as following:-

• Bitcoins is going to become more private
• It will have better support for the lightning network

• The lightning network will be integrated with mobile( it's still working though )
• The block chain won't gain size , it will try and stay small

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Also there will be a upcoming fork most probably and many companies are thinking of investing in 2020.

Let's explain every single one of them listed above now :-

1. Privacy: Now the transactions are made on a public ledger so they are easily trackable but some users try to make it invisible using *multisig* that is multiple inputs so it makes it difficult to track. Now as deviced by Schnorr signatures they are going to allow one signature to allow all of the input broadcast, right now we need one signature one input. This will make sure that no one will be able to know from where the money came from and from where it going.

2.Right now lightning network caused many people to loose their funds so system integration is needed here. There has been proposed a solution called eltoo which kills the older version or intermediate version of events and ensure only the latest ones. The reason it's important is because some users make mistakes and submit the older version so it can cause them to loose a lot of money. But right now you cannot reverse what you do therefore, a new code has to be integrated by the core developers for this to work properly.

3. The reason we use a wallet is because the block chain itself is a lot for a mobile to handle. Bitcoin is something that gives us full privacy and we can use it without the wallet itself but that's impossible right now , who will let 208 giga bytes into their mobile ? Therefore wallets are a good solution. But what if a wallet went down and was shut ? It will cause all the holders loose a lot of money and that's not something that can be resolved easily. We are now building a SPV lightning client called neutrino that will allow us to keep this block weight to minimum and we won't have to use any third party or wallet.
It would be easily integrated with our mobiles without us buying more space , like moooooorrreee much more space  because right now it's impossible without the wallets.

4. Since smaller block chain is easy to handle and at the same time it makes it easier to run the node therefore there are things that are being programmed to make it stay small and stop growing fat overtime.  One option is using MAST transactions that was proposed in 2017 but not taken into account because of some reasons . But now we have an alternative option that is * TAPROOT* which is equivalent to MAST transaction but more importantly they don't seem different from the normal ones and thats the reason MAST wasn't getting Integrated yet.

Are there some other things that you know for sure that are gonna get Integrated ?
Comment down below and let's discuss about this.