The centralized inferstructure surrounding Bitcoin is fundamentally broken. And NOW is the time to fix it.
Here's how...
Here's what needs to happen for Bitcoin to be massively adopted and not killed by its own exponential growth:
- decentralized, scalable exchanges.
- stupid simple, one-click LOCAL wallet solutions that a newbie could not mess up if they tried.
- decentralized encrypted cloud back of local wallets.
- decentralized Bitpay-like solutions.
No central anything. No central wallets. No central exchanges. No central payment intermediaries. No central wallet backup locations. Nothing central period.
Here's a solution to all these problems:
A decentralized Bitcoin user/minor driven network...
...A darknet that's fully powered by the Bitcoin users and miners. Simply take existing darknet code and retrofit miners to it.
On top of this network we build a decentralized exchange that quickly matches buyers to sellers.
In addition to that we build a decentralized cloud storage solution. Using this cloud storage, local wallets are backed up across the network automatically. Along with every bitcoin client is an encrypted backup of the wallet in the network. No more novices losing their coins.
All users get enough cloud storage to store their wallet.
Web services could also be purchased on the Bitcoin network too. The fees would go to the Bitcoin miners powering the network. The fees would be based on a market bid/ask. Effectively allowing a fast, fully decentralized tor-like network with no central point of attack.
This could be dovetailed in nicely with the existing Namecoin DNA system.
Users could also purchase additional Bitcoin cloud storage based on the market driven by the miners/users.
An encrypted email-like system could also easily be built on top of the network that would allow fast communications that can't be shutdown by an Internet kill switch.
Who knows what else could be build on the platform and offered as services.
These additional services would encourage more mining and diversify the network.
Miners/users get the fees.... The free market governs the price.... No central authority possible.... Everyone wins.
That would be a very robust network that would solve most the Bitcoin centralized inferstructure problems in one fell swoop.... And create an entirely new Internet that can't be snooped or shut down.
...and would make Bitcoin completely independent of the Internet. All transactions could be roughted through the Bitcoin network.
We already have more then enough hashing power. There is already open source darknet code to build on . The groundwork has been laid.
...Now we just gotta create it!
Create it and finally we are free of central attacks, central control, and Bitcoin can scale.... And no longer beholden to any central authority.
...and idea who's time has come.
Techies, tell me...
...the viability of the idea...
...any improvements to the idea...
...the obstacles that need to be anticipated and overcome...
...and the next step to make it happen.
No trolls reply. No non-intelligent replies. Only those who know what the hell they are talking about chime in here.
