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Topic: The Perfect Bitcoin - page 3. (Read 581 times)

copper member
Activity: 50
Merit: 2
Unidentified Aerial Phenomena = Aliens
May 27, 2021, 09:34:34 PM
#11
Bitcoin is created the way it is. It is open-source so everyone can contribute to Bitcoin, even you are Satoshi or not.
For me, Bitcoin is already perfect me.
Speaking of the scalability that most people talking about, which is the problem of Bitcoin now. There is already a lightning network built on top of the Bitcoin network, so no need to change Bitcoin at all.

Bravo. Very well put. Thank you for your reply and insight.



Bitcoin is created the way it is. It is open-source so everyone can contribute to Bitcoin, even you are Satoshi or not.
For me, Bitcoin is already perfect me.
Speaking of the scalability that most people talking about, which is the problem of Bitcoin now. There is already a lightning network built on top of the Bitcoin network, so no need to change Bitcoin at all.

Yeah, probably scalability will be one area that Satoshi are going to improved because he didn't see that his invention will grow so big like this. But the good thing is that there are devs who contributed to the bitcoin core so I would say that we are in good hands.

LN is one solution to help mitigate the problems of scalability, although that yet wildly adopted, but for sure Satoshi will go and focus if he want's a "perfect bitcoin".

That is really good concept. Think about a Craftsman that builds a Wooden chair. I am sure their first chair built was not even close to as stable as the 100th. Seeing what Bitcoin has become. Wonder if his vision has changed



Forget scalability since fungibility definately has priority。

I doubt he would feel pity that bitcoin growing too fast that the fungibility update might never have a chance to be applied on bitcoin in the future.

Love your insight. Thank you for sharing this.

[moderator's note: consecutive posts merged]
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
May 27, 2021, 09:26:19 PM
#10
What would he or she change? Why? The making of a perfect Bitcoin?

Nothing. Because Satoshi created a currency to be ran by the community, not solely by him. He/she/they definitely knows that what Bitcoin should be is what consensus thinks it should be.
member
Activity: 166
Merit: 16
May 27, 2021, 09:18:57 PM
#9
Forget scalability since fungibility definately has priority。

I doubt he would feel pity that bitcoin growing too fast that the fungibility update might never have a chance to be applied on bitcoin in the future.
legendary
Activity: 3080
Merit: 1353
May 27, 2021, 08:57:45 PM
#8
Bitcoin is created the way it is. It is open-source so everyone can contribute to Bitcoin, even you are Satoshi or not.
For me, Bitcoin is already perfect me.
Speaking of the scalability that most people talking about, which is the problem of Bitcoin now. There is already a lightning network built on top of the Bitcoin network, so no need to change Bitcoin at all.

Yeah, probably scalability will be one area that Satoshi are going to improved because he didn't see that his invention will grow so big like this. But the good thing is that there are devs who contributed to the bitcoin core so I would say that we are in good hands.

LN is one solution to help mitigate the problems of scalability, although that yet wildly adopted, but for sure Satoshi will go and focus if he want's a "perfect bitcoin".
legendary
Activity: 2506
Merit: 1394
May 27, 2021, 07:58:34 PM
#7
Bitcoin is created the way it is. It is open-source so everyone can contribute to Bitcoin, even you are Satoshi or not.
For me, Bitcoin is already perfect me.
Speaking of the scalability that most people talking about, which is the problem of Bitcoin now. There is already a lightning network built on top of the Bitcoin network, so no need to change Bitcoin at all.
copper member
Activity: 50
Merit: 2
Unidentified Aerial Phenomena = Aliens
May 27, 2021, 07:11:26 PM
#6
The fact that it has been 10 years already and we have no single clue who he/they were is a sign that they wouldn't be seen nowadays. And I don't think they will still going to show in another coming years like 20 years or so. They choose to stay hidden after all of this that happen to crypto community.

I don't know why you want Bitcoin to change so much but let's just accept what Satoshi offered by his knowledge that we are using today.

call it curiosity.My query is your thoughts on the Perfect Bitcoin. I am certain Satoshi would have some alterations . Would have some tweek or adjustment . Being the first has its downfalls. You become the example of what to do and what not to. Be  Satoshi for a bit if you can spare the time. Ask yourself what is the Perfect Bitcoin?
copper member
Activity: 50
Merit: 2
Unidentified Aerial Phenomena = Aliens
May 27, 2021, 07:06:45 PM
#5
No one knows who Satoshi really is and I think Nakamoto is now satisfied with the extent of bitcoin he has created. Also, there is no perfect in this world and even Satoshi will add or change something in the features of bitcoin, it will not become perfect. The security, anonymity, gas fee of bitcoin,...etc will always have a problem because there are no perfect things in this world. The gas fee sometimes is too high, the anonymity can be leaked and your bitcoin wallet can be hack if there is lack of security. Don't expect a perfect bitcoin.


I enjoy your perspective. If you could re-write Bitcoin. How would you define the perfect Bitcoin. This is thought experiment . I know what Satoshi  has said. I am curious.Be  Satoshi for a couple minutes if you have the time? 
sr. member
Activity: 2506
Merit: 368
May 27, 2021, 06:59:53 PM
#4
The fact that it has been 10 years already and we have no single clue who he/they were is a sign that they wouldn't be seen nowadays. And I don't think they will still going to show in another coming years like 20 years or so. They choose to stay hidden after all of this that happen to crypto community.

I don't know why you want Bitcoin to change so much but let's just accept what Satoshi offered by his knowledge that we are using today.
copper member
Activity: 50
Merit: 2
Unidentified Aerial Phenomena = Aliens
May 27, 2021, 04:51:47 PM
#3
First of all that's Dorian Nakamoto. We really don't know what he/she/they looks like.

Second, I don't think that Satoshi will change anything on his invention, let me quote him

Quote
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.


I am aware of who Dorian Nakamoto is. I enjoy GIFs sorry Cheesy What i am asking is hypothetically. I want you to be Satoshi theoretically . What would you change to make the Perfect Bitcoin? This is a thought experiment. sorry if it was not clear. Going to edit post .
legendary
Activity: 2576
Merit: 1655
May 27, 2021, 04:36:47 PM
#2
First of all that's Dorian Nakamoto. We really don't know what he/she/they looks like.

Second, I don't think that Satoshi will change anything on his invention, let me quote him

Quote
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
copper member
Activity: 50
Merit: 2
Unidentified Aerial Phenomena = Aliens
May 27, 2021, 04:17:49 PM
#1
What if satoshi nakamoto looks at Bitcoin today. What would he or she change? Why? The making of a perfect Bitcoin?




I need to clarify. This is a hypothetical query. Please put your satoshi hat on. Tell me what you think satoshi would change and why?
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