Author

Topic: Should we call complex transactions Bitcoin 2? (Read 1201 times)

donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
December 04, 2012, 12:44:54 AM
#6
We don't even have Bitcoin 1.0 yet.  The death of Bitcoin 1.0 before the birth of Bitcoin 1.0 seems kinda premature.
I forget sometimes that Bitcoin is still Beta. Thanks. I'll close this thread.
donator
Activity: 1218
Merit: 1079
Gerald Davis
We don't even have Bitcoin 1.0 yet.  The death of Bitcoin 1.0 before the birth of Bitcoin 1.0 seems kinda premature.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
Let me answer with a rhetorical question: would you call writing a check to two parties, or one with two signature lines, "checking 2.0"?

I would find this more confusing than anything.  I would expect it to mean a new kind of non-interchangeable coin that works like bitcoin, and is being held out as better in some way, but isn't spendable where only a bitcoin is accepted.  Basically an altcoin.
Most people don't even know what two-party checks are. Most people don't even use checks anymore. I think of them as business checks.

I see where you are coming from, but I think most people would interpret it as "Bitcoin 1 compatible" instead of an alt coin. More importantly, it conveys the evolution of Bitcoin itself. Perhaps I am over-analyzing this. Really, very few people have even heard of Bitcoin yet to worry about their misgivings.

I can see how from a marketing standpoint bitcoin 2.0 is like web 2.0

Its an upgrade from the original.
That was my thinking.
legendary
Activity: 1304
Merit: 1014
I can see how from a marketing standpoint bitcoin 2.0 is like web 2.0

Its an upgrade from the original.
vip
Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
Let me answer with a rhetorical question: would you call writing a check to two parties, or one with two signature lines, "checking 2.0"?

I would find this more confusing than anything.  I would expect it to mean a new kind of non-interchangeable coin that works like bitcoin, and is being held out as better in some way, but isn't spendable where only a bitcoin is accepted.  Basically an altcoin.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
Now that we are starting to see escrows being created and the protocol supporting message signing, invoice creation, and more; Bitcoin is no longer a simply one way transaction network. Bitcoin 2 would convey the evolution of the protocol while keeping compatability with original bitcoins.
Jump to: