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Topic: Should we start New Bitcoin? - page 4. (Read 4482 times)

legendary
Activity: 947
Merit: 1026
March 03, 2014, 12:31:20 PM
#24
reward the stupid and punish the wise is never a good idea.  
msc
sr. member
Activity: 284
Merit: 250
March 03, 2014, 12:24:20 PM
#23
In fiat currencies inflation will inflate away the injustice, but in bitcoin the deflation does the exact opposite, rewards the thieves.

There's nothing you can do about that.  You can't accurately separate the thieves from everyone else.  As soon as a thief transfers coins from one address to another, you have to assume that the recipient is not a thief, and it's a legitimate transaction.
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
March 03, 2014, 12:24:06 PM
#22
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

You will never remove theft from one currency.
Where there is currency, there will always be theft.
Or you can secure yourself , spending time in keeping them secure is as important as getting them..! even spending few bucks in securing them is worth it , instead of using any service which is easily exploitable
sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
March 03, 2014, 12:23:53 PM
#21
A new Bitcoin was started a long time ago: Terracoin. It is an exact duplicate of Bitcoin, except for the name. Where have you been? And if you want to improve on Bitcoin, you already have hundreds to choose from. May I suggest Dogecoin?

This. OP stop talking nonsense. This was tried before, this didn't result in anything.
Who can guarantee that the same won't eventually happen with the coins of Bitcoin 2.0? No-one.
Then we start bitcoin 3.0

After each iteration, the technology and the usage of it will mature in a way that will make the risk of a new "MtGox" less probable.
legendary
Activity: 2674
Merit: 2970
Terminated.
March 03, 2014, 12:22:32 PM
#20
A new Bitcoin was started a long time ago: Terracoin. It is an exact duplicate of Bitcoin, except for the name. Where have you been? And if you want to improve on Bitcoin, you already have hundreds to choose from. May I suggest Dogecoin?

This. OP stop talking nonsense. This was tried before, this didn't result in anything.
Who can guarantee that the same won't eventually happen with the coins of Bitcoin 2.0? No-one.
legendary
Activity: 1064
Merit: 1001
March 03, 2014, 12:19:07 PM
#19
We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...

A concerted effort into forking the network because some people feel the past has been too "unjust" for their liking would be detrimental to the value of both the 'new' Bitcoin and the 'old'.
sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
March 03, 2014, 12:18:43 PM
#18
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

You will never remove theft from one currency.
Where there is currency, there will always be theft.
In fiat currencies inflation will inflate away the injustice, but in bitcoin the deflation does the exact opposite, rewards the thieves.
hero member
Activity: 504
Merit: 500
eidoo wallet
March 03, 2014, 12:18:23 PM
#17
I'm totally on board with a New Bitcoin. Old Bitcoin is too corrupted.

In case you're also tired of the current Bitcoin we have, then send me your Bitcoin to this address:  1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur

I'll collect all the Bitcoin and change the password to my wallet to a random set of numbers while being blindfolded, thereby losing all current Bitcoin forever.

Send to here: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur
sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
March 03, 2014, 12:17:37 PM
#16
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  
Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows Wink
BTW i'm not holding anything :p but can understand the pain of holders , I mean com'on man they deserve some reward for surviving and suffering daily heart attacks..! Up and Down , Rise And Fall...
I just say what poor fellows can do: either give up on crypto currencies completely, or jump on a new bitcoin-clone.
IMO ripple got the best prospects to replace old bitcoin, IF they make it 100% open source.
member
Activity: 77
Merit: 10
March 03, 2014, 12:17:09 PM
#15
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

You will never remove theft from one currency.
Where there is currency, there will always be theft.
msc
sr. member
Activity: 284
Merit: 250
March 03, 2014, 12:17:02 PM
#14
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
No, it would punish everyone equally.  
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
March 03, 2014, 12:14:07 PM
#13
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  
Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows Wink
BTW i'm not holding anything :p but can understand the pain of holders , I mean com'on man they deserve some reward for surviving and suffering daily heart attacks..! Up and Down , Rise And Fall...
sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
March 03, 2014, 12:11:33 PM
#12
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  
Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows Wink
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
March 03, 2014, 12:09:09 PM
#11
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs. Wink
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding their  BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  
donator
Activity: 1218
Merit: 1079
Gerald Davis
March 03, 2014, 12:07:43 PM
#10
I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.
We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...

It has already been done multiple times both exact copies of Bitcoin and modified version (commonly called altcoins).  You are free to do it again at anytime but people are also free to ignore such attempts.

So let me know when you launch "newBitcoin".
full member
Activity: 154
Merit: 100
March 03, 2014, 12:07:29 PM
#9
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
Go ahead, nothing is stopping you. When will you be removing the "BitCoin" address from your signature and replacing it with a GollumCoin address?
sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
March 03, 2014, 12:05:17 PM
#8
I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.
We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...
legendary
Activity: 1310
Merit: 1000
March 03, 2014, 12:03:43 PM
#7
I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.
newbie
Activity: 28
Merit: 0
March 03, 2014, 12:01:49 PM
#6
I bought a new car earlier in the year, gonna make the car salesman pay and create a new US Dollar!!!
sr. member
Activity: 266
Merit: 250
March 03, 2014, 12:00:17 PM
#5
we need new hopes yes...
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