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Topic: What are the biggest faults of BTC & how would you fix them? - page 2. (Read 1376 times)

hero member
Activity: 812
Merit: 1000
Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.


This. Maybe it is not a concern right now but it will be soon. Don't think Satoshi imagined that mining will become like this. But I don't think there is a solution to this now.
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
Take out all the irrelevant text message capabilities. They fill up blocks with rubbish, and nobody is going to take a money transfer service seriously if it is full of dog obituaries and wedding reports.
hero member
Activity: 770
Merit: 500
I'll consider the blockchain size. I might tried to get an alternate way for the blockchain size. But i'm not a dev, so i really didn't get what's the alternative way

So why doesn't someone just create a new Bitcoin and just fix those things?
If someone create a new bitcoin, it'll be an Altcoin.
hero member
Activity: 658
Merit: 500

c'mon it's already happening. do not dream of returning to the past, there is no time machine
satoshi Nakamoto. already made bitcoin very well, we have an appreciation that
sr. member
Activity: 392
Merit: 250
Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

To make it anonymous, rather than pseudo-anonymous.
hero member
Activity: 1106
Merit: 521
So why doesn't someone just create a new Bitcoin and just fix those things?

have you seen the reaction from the bitcoin community to any big changes that are required....?  can you imagine the reaction to suggesting a new bitcoin, plus people have to much invested in this bitcoin.  Bitcoin is open source by the way so anyone can suggest changes.....lol    "good luck with that"
legendary
Activity: 2674
Merit: 2965
Terminated.
There are hundreds of people creating new coins. No one gives a shit about them. Why start from scratch and why should you trust it? In case you hadn't read anywhere else in the forum lately, attempting to change bitcoin itself seems to upset a lot of people.
This is not the reason for which people ignore them. Most of these coins are either designed very poorly, offer nothing new, used to pump & dump, used to promote malware (i.e. they're trash-coins). Barely any of them have any features that would be worth looking into and possibly implementing into Bitcoin. You don't need to trust anyone if you can analyze the code; Bitcoin is trust-less and so is any fork of it that does not have malicious/weak code.
legendary
Activity: 1288
Merit: 1087
So why doesn't someone just create a new Bitcoin and just fix those things?

There are hundreds of people creating new coins. No one gives a shit about them. Why start from scratch and why should you trust it? In case you hadn't read anywhere else in the forum lately, attempting to change bitcoin itself seems to upset a lot of people.
legendary
Activity: 2674
Merit: 2965
Terminated.
1)  Block size.  Satoshi could have probably anticipated this, and he (or the team) should have written some code allowing an easy expansion through time...  Whatever developers "win" the block size tangle, please think ahead guys!
Wrong. This is not a fix and makes no sense from a technical perspective. If anything it could kill Bitcoin (if there were no infrastructural improvements).

2)  Limited acceptance by merchants (the principal thing retarding BTC growth IMO).  I do not know how to fix this one.  Time and customer demand?
This is not a flaw in Bitcoin.

3)  It is HARD to buy Bitcoin, especially quietly.
Neither is this.

Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.
This makes sense. Centralization is indeed a problem, albeit nobody has a real solution for this. Incentives to run nodes would be also nice in order to relive the costs and promote decentralization.

i would change block size no matter what the situations would be..
Read the first part of my post.

So why doesn't someone just create a new Bitcoin and just fix those things?
Because they can't. Let me try to explain this somehow; people that don't have the sufficient knowledge and technical skills think that building a spaceship (where spaceship = solutions to all inherent problems that Bitcoin has) is as 'easy' as stacking a few blocks on-top of each other.

full member
Activity: 145
Merit: 100
Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

i would change block size no matter what the situations would be..

Why?
sr. member
Activity: 658
Merit: 252
Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?

i would change block size no matter what the situations would be..
full member
Activity: 145
Merit: 100
So why doesn't someone just create a new Bitcoin and just fix those things?
sr. member
Activity: 423
Merit: 250
Mining pools and mega farms..

I think the code should have something to disincentivise the centralization of mining. I don't think rules that disallow it would be the answer. More like built in conditions that the free market will turn into decentralization rather than encourage centralization as it is.
legendary
Activity: 1288
Merit: 1087
Start off with smaller units. I know that's uncool but that's what human psychology is equipped to deal with. Put in some widget to kill off mining pools. Know how it was gonna scale. Get a professional PR agency.
legendary
Activity: 2940
Merit: 1865
...

1)  Block size.  Satoshi could have probably anticipated this, and he (or the team) should have written some code allowing an easy expansion through time...  Whatever developers "win" the block size tangle, please think ahead guys!

2)  Limited acceptance by merchants (the principal thing retarding BTC growth IMO).  I do not know how to fix this one.  Time and customer demand?


EDIT:

3)  It is HARD to buy Bitcoin, especially quietly.
full member
Activity: 145
Merit: 100
Put another way, if you could go back in time to before BTC was launched and suggest changes to the original code to Satoshi Nakamoto, what would you suggest?
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