Topic: New Block Sistem Proposition (Read 139 times)
Increasing the block difficulty would make mining more complex but would slow down the blockchain and raise fees. The current system already adjusts the difficulty to maintain efficiency and security. Changing this could centralize mining, harming decentralization.
Making the block system more difficult could indeed increase scarcity, which might theoretically pump Bitcoin's price. However, it's important to consider the potential drawbacks as well. Slowing down the blockchain could affect its usability and scalability, both of which are crucial for widespread adoption. I don’t see this as a solution that would benefit Bitcoin's long-term growth, as it compromises its core principles.
But always i think why not to change the block sistem to one more dificult
This for shure is going to pump the price of Bitcoin and not only that
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
This for shure is going to pump the price of Bitcoin and not only that
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
Do you mean increasing block time or how often block is created in order to reduce supply in the market? And since you said it won't slow down the blockchain, do you also suggest block size increase?
Tell Me What you think and its my personal vision if you dissagre tell me that too 
Assuming i understand your proposition correctly, i disagree since it'll mess with Bitcoin protocol in many ways. You better hope for government stop banning Bitcoin or allow Bitcoin to be used as payment method if you want Bitcoin price keep increasing.
But always i think why not to change the block sistem to one more dificult
This for shure is going to pump the price of Bitcoin and not only that
This for shure is going to pump the price of Bitcoin and not only that
If by increasing the difficulty and pumping the price you mean that fewer coins will be added in circulation and that would pump the price then you should know that we already have Bitcoin halvings that cut the block reward in half every four years which is already enough to keep the pace reasonably adjusted for coins coming into circulation. This is going to do more bad than good for Bitcoin and its network as a whole because price is a secondary aspect, the most important thing is the fluency of the network and how quickly transactions are getting confirmed.
If you are making Bitcoin transactions daily and having to wait for hours for them to get confirmed, you will be pissed off and you wouldn't care about the price anymore, I'm sure.
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
How is it worth it if it's going to slow down the network? Is it better to have $100k as the price and normal transaction confirmation times or $200k and a congested network? I would go with the former.
Tell Me What you think and its my personal vision if you dissagre tell me that too
No offense, but I disagree with your vision.
So it sounds like what you are really saying is that you want longer block times? That is the result of a higher difficulty target that it sounds like you're trying to explain. Given that there is already a blocksize limit in place, you're talking about reducing the amount of transactions that Bitcoin can process per second. I think that would be a horrible thing actually. A better idea would be to increase the blocksize and reduce the difficulty so that more blocks are found, thus increasing the number of transactions that could be processed. This would spur economic activity, lower fees, and reduce wait times for confirmations. The downside (or upside in reality) is that Blockstream wouldn't be able to force their patented layer 2 on us.
Hello and welcome!
I am not sure what you want to achieve, hence I'll write some words in here.
Bitcoin is not only about pumping the price. Plus, if you have a magic idea to make a coin more expensive, I am sure that quite some altcoins would want to test your idea (at least to get them worth more than nothing).
Actually every 2 weeks be blockchain difficulty is adjusting itself, so if at that point it's high and the blocks come too slow, it will be decreased automatically to stay in the "one block about every 10 minutes" area.
Plus, the difficulty is supposed to rise only if there are many new miners.
So please, tell more details (hopefully something clearer) about your idea because as it is:
* it makes little sense
* it is unclear what you will achieve technically
* it is unclear how you will achieve that technically
For now you said pretty much nothing, hence nothing to agree or disagree with.
I am not sure what you want to achieve, hence I'll write some words in here.
This for shure is going to pump the price of Bitcoin and not only that
Bitcoin is not only about pumping the price. Plus, if you have a magic idea to make a coin more expensive, I am sure that quite some altcoins would want to test your idea (at least to get them worth more than nothing).
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
Actually every 2 weeks be blockchain difficulty is adjusting itself, so if at that point it's high and the blocks come too slow, it will be decreased automatically to stay in the "one block about every 10 minutes" area.
Plus, the difficulty is supposed to rise only if there are many new miners.
So please, tell more details (hopefully something clearer) about your idea because as it is:
* it makes little sense
* it is unclear what you will achieve technically
* it is unclear how you will achieve that technically
Tell Me What you think and its my personal vision if you dissagre tell me that too
For now you said pretty much nothing, hence nothing to agree or disagree with.
Hey Im D4NK i am a big fan of what Satoshi Nakamoto created
But always i think why not to change the block sistem to one more dificult
This for shure is going to pump the price of Bitcoin and not only that
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
Tell Me What you think and its my personal vision if you dissagre tell me that too
BTC
D4NK
But always i think why not to change the block sistem to one more dificult
This for shure is going to pump the price of Bitcoin and not only that
I know that if you put it more difficult is going to slow down all the blockchain but it will whort it
Tell Me What you think and its my personal vision if you dissagre tell me that too
BTC
D4NK
Jump to: