Topic: The Perfect Bitcoin - page 2. (Read 571 times)

Nothing is perfect in this world, even fiat money that has been used by the general public cannot be said to be perfect, especially bitcoin which has many obstacles such as energy, I just hope bitcoin will be much better in the future, and the price will be more expensive. stabilize again. .

I think Bitcoin is perfect, it has its own special attributes. And there is a perfect development mechanism, and there are more people to support him.

Why would SatoshiNAkamoto care one iota about fee's, and congestion. The experiment is/was a success, the 'digitization of wealth' is now universally accepted, now time to slip & replace the USA/CHINA NWO Crypto aka SDR-COIN, or FED-COIN, call it what you want.

1997 BIS/IMF jointly publish original bitcoin white-paper

2009 NSA release bitcoin source

2021 Bitcoin crashes, destroying $1.2Trillion USD of wealth; hacking slowly zeros the wealth of all HODL'ers

2022 NWO bans non-UN approved crypto

The perfect bitcoin? The bitcoin core dev group owned by WSJ banks and DC-GOV never even tried to build the 'perfect bitcoin'

I think satoshi will probably focus on network congestion and transaction fees if satoshi is still here because in my opinion, this two are the biggest problem for the circulation of the economy.

I also hope Satoshi Nakamoto is well, most likely he won't change anything. Because Bitcoin with all its shortcomings can be useful for the lives of
many people, surely Satoshi Nakamoto is very happy with what Bitcoin has now achieved. Satoshi Nakamoto is one of the most successful with his
creation, without being identified, he can live freely without government interference.

We can't deny the fact that more adoption causes higher fees in every transactions. These fees is already part of bitcoin and to really gained profit we need to master how to trade and make the most out of it so if there are fees it can be unnoticeable due to profit we can somehow gets.

In my eyes, Bitcoin is also perfect. He is perfect because he has his own unique attributes, which guarantees his vitality. Then there are many people who have a consensus firmly believe in Bitcoin and support Bitcoin. Bitcoin has its own strong support and backing.

Proof of Snake ( oligarchs wet dream ) is proof right there that this 'concern troll' is working for 'them'

[ Remember here noobs, what POS, they call 'proof of stake', I call proof-of-snake means is that only WHALES get to decide bitcoin future, it means the little guy is silenced forever, it means that once one whale with +51% takes over bitcoin, that its his forever, essentially a coup. This defy's all of the orginal NakaomotSAtoshi(NSA) mythology of btc being 'every little guys bank' POS is just same-same as we have now, another FED-RES bank, where whales oversee bitcoin. F**K POS. ]


Proof of Work, works, 21M coins works, actually as a store of value, not for shopping BTC is fine right now.

Contracts? Well the 'lisp' model on CHIA would be nice, and remember if you want bytes on the block-chain U must pay for the space, so it really there problem

Interest rate? I think this bot, messed up here

Fee's destroyed? Well obviously our POS doesn't want our miners ( the builder of blockchain consensus ) to make anything for running full-nodes and miners

Actually BTC IMHO only has one serious problem, the crypto is old an Obsolete, need sha512 for hash, and secp512k1 for keys, so it can't be broken another 20+ years. WRT to the blockchain size, who cares if CHIA can do 14EB and double per week, then a blockchain can do 1TB ( now what 400gb? )

For a long-term store of value, BTC must make the crypto more secure before all is stolen. I personally believe that DEV (NSA) wants BTC to revert to zero, which is why they sit on their arse. Maybe this is the play all along for FED-COIN, BTC was the trojan horse, it fails and uncle-scam slides in FED-COIN as savior?

Lastly,PRIVACY, PRIVACY, PRIVACY; for BTC 3.0 we need to have z-snark, or some means to have private transactions, this is the major failing of bitcoin right now that people who want privacy must use monero, or zcash clones; why in the hell does BTC-DEV-CORE drag their arse on privacy, oh that's right KYC big-banks own the core, ok so its time for another BITCOIN fork.

Nakamoto already achieved what he wanted to do with his bitcoin. We cant actually change bitcoin today, thus altcoins was created to compensate all the bitcoin's lack characteristics. That blockchain system associated with it definitely is an advantage. Though, I admit that some flaws like high fees should be change.

 I believe Nakamoto is now content with the size of the bitcoin network he has constructed. Also, there is no such thing as perfection in this world, and even if Satoshi adds or changes something in bitcoin's characteristics, it will never be flawless. Because there are no flawless things in this world, there will always be a problem with bitcoin's security, privacy, gas fee, and so on.

Why do you think there can be a "Perfect Bitcoin". And that would come from alterations by Satoshi. Bitcoin has gone hundreds of alterations since beginning and continues to do so.

As Bitcoiners, we are accustomed to this sort of concern-trolling. People who aren't actually interested in learning about Bitcoin but just want to ask rhetorical questions. You guys fail to take into account the countless examples of centralized shitcoins that are nowhere near being trustless and censorship resistance.
Tell me what "whitepaper" you've read that makes you confident to post these presumptuous questions? (I can see you made multiple posts with one about blocktime and difficulty adjustment). We can take it from there, if you want to.

One thing I am certain of, is that the man who invented Bitcoin as a reaction to the monetary collapse of 2008 and shameless bailouts, would instantly recognize the bag-holders of "corporation" and "foundation" coins that are so eager to masquerade as supporters of financial sovereignty.

Bitcoin is quite revolutionary but just like any man-made invention there is nothing that is really perfect especially in the light of the present circumstances we are in. I am more focusing on the energy requirement for mining Bitcoin which is we know can be so huge that many people are questioning its viability and contribution to environmental degradation. I know that compared to other industries, Bitcoin is not actually that bad but then again it can be better if a different technology can be utilized by Bitcoin in mining so that power requirement can be lessened dramatically.

Users can move their coins between exchanges, just as many bitcoiners have said miners can move between pools.
Note only 4 pool control over 51% of bitcoin hashrate, a little collusion and the ultimate double spend occurs.

No worries , Bitcoin Devs will never improve bitcoin , because it would hurt their profit margins from forcing users offchain.
https://www.trustnodes.com/2017/10/26/blockstreams-business-plan-revealed-profit-transaction-fees

The OP's question was asked as a hypothetical.

I'm sure if he's alive and a person, he wouldn't change much of what's actually going on, except would be proud and glad of what he has done and how his project became one of the most successful project of the world in his history. If he is aware of this movement, I'm sure in night he sleeps at peace knowing how much power he has brought back to the hand of people snatching it away from the government and evil who took it from us!

What you want for Bitcoin simply has so many flaws that I don't even know where to start. Even the proof of stake part itself is exceptionally bad for Bitcoin; imagine how much power exchanges would have over the network if Bitcoin was PoS.

My Perfect Bitcoin
Proof of Stake with a 30 second block speed
~37 billion coins
All Transactions at a fixed rate
All Transactions Processed Sequentially
An extremely low interest rate 5% or lower 
All Transaction fees destroyed to offset new coins created.
No smart contracts feature to avoid blockchain bloat
 

We'll never know. What I'm kinda sure of is that Satoshi seemed a reasonable person/people who enjoyed discussing ideas with others. He/She/They would probably openly take suggestions and even criticisms from credible individuals and objectively respond to it. So if there is anything Satoshi would change about Bitcoin today, I'm more than sure it is always for the improvement of the creation and the end-users. Anyway, I don't think there'd ever be a state of a fully perfect Bitcoin. Everything keeps on rolling. Developments are always happening one after another.  

A self adjusting block size based on the number of transactions (with payment) could have been better. Satoshi knew about the energy usage and limited block size, and yet still kept these in. These will prevent bitcoin from being established as a daily 'currency', despite having incredible computing power behind it. They push it towards a unit of large value though with slower growth, so that may have been the point.

The mining reward stopping in 2140 may kill off bitcoin at that time. I would change the mining reward to continue forever, although decreasing at a different rate after 2140.

It was the first and had yet to be established as a viable method, so there would be improvements to be made.

Brilliant.I forget this concept. Indeed was intended to be governed by decentralized consensus. Growing up in the centralized world it is hard to break the concept of decentralized community driven. Thank you for reminding me of this important fact.

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Very good point. Thank you for sharing this concept with me.

[moderator's note: consecutive posts merged]

Personally, the challenge that Bitcoin currently faces is actually derived from Ethereum. If Satoshi Nakamoto was a real person rather than a robot that traveled from the future. He may not have thought that there are countless public chains appearing on the market now, such as ETH and BSC, whose functionality has far exceeded the BTC chain. If I were Satoshi Nakamoto, it might be a better solution to study a method to connect various public chains together in a decentralized way.