Topic: Why don't we create a new crypto and call it bitcoin? (Read 1568 times)

This is still a Bitcoin forum. Do you hang out on Ford truck forums and tell them how great Dodge trucks are?

Happened already. Go to altcoin section, there is less Bitcoin bagholder shilltalk. In this sub nobody would admit to how technically inferior btc is to almost every altcoin.

We can do this, of course, create a new crypto, call it bitcoin but there are a few unanswered questions here.
Who will do this, who will start and organize everything?
What will be benefits for users and developers?
Fully decentralized?
Anybody thinks this is really possible?
Lower transaction fees?
Not sure either.
As idea this may be interesting but realization is to far away.

We just can't.  We are hardly to make something fully decentralized.
The mining of bitcoin will be centralized, it is inevitable. Every one is mining is not good as we image.
If we want decentralized, which means we need time to be consensus.

there is your answer inside your own question.
you can never make something that everybody agrees with. there will always be some people who disagree with the whole thing or a part of it.

just look at the rest discussions on increasing block size. for example do you want to include bigger sizes in your so called new bitcoin or do you want to continue with the same size, whatever you choose there is going to be some people unhappy with it.

It is somewhat true. But there is many more things you can add:

1. If you create new coin it would be just another altcoin.
2. There always be more features, more possibilities and extra upgrades you can include to make new coin better.
3. Instead of creating numbers of alt why don't we all focus on bitcoin and make it better?

It's absolutely impossible to get everyone to agree on something. If you had that kind of power, it'd be more useful to find a cure for death or something.

Bitcoin is pretty much everything you asked for in the OP except the
transactions/sec, which is currently a topic of debate as to the
best way to increase that... Even the best developers Gavin
and Greg Maxwell can't agree on the best way to do that.
What makes you think a bunch of forum yackers are going
to be smarter and create something better?
 

I was mostly being sarcastic. Even if you think you have the perfect system that suits everybody's needs, you just know that somebody's going to disagree or have different needs that the system doesn't fill or they're going to say that you're an arrogant little brouha for going around telling everybody about your perfect system. That's why I have a tendency to ignore the Utopia types who never give me a straight answer about how Utopia, or even some subset of Utopia like the "perfect" cryptocurrency, can be made practical over the long run.

You can try and even create such a thing but why should anyone buy it?

Bitcoin already has all the infrastructure good luck with your endeavor.

as someone else said.. its already been done.. its called bitcoinscrypt... the reason why it has not become popular is because the original bitcoin remains better.

with the many hundreds of altcoins in existant not playing on the name.. all have every variaty of feature combination that everyone moans about. yet the original bitcoin reigns supreme every time.. this should alone prove that after all the whining, bitching, moaning and feature demands are met.. the original bitcoin still remains better.

if anyone continues to moan about bitcoin.. go sell your bitcoin for the alt that meets your desires, trust me there is a coin for every desire imaginable. then oneday after getting bored with your altcoin, you will come to the realisation that the only reason you originally moan and got emotional about bitcoin in the first place, is because you secretly loved it so much that it triggered your emotions.

even the most perfect girl you could ever meet agreed to be with you. your love for her will eventually get you emotional to knit pick her faults.. yes you will wish that she would not fart in bed, or leave her hair clogged up in the sinkhole. you will hate that she is not home cooking you food because she wants a career of her own, simply because you want her in your arms so much. and yes no matter how good she is at giving you 'head' you wont like the gross taste of her lips when she tries kissing you straight after.

in short. you secretly love bitcoin and girls.. but its normal to knitpick perfection.. so either accept the minor imperfections or go find something else to waste your time with

In theory Bitcoin should be the perfect coin... If a better or improved feature was needed, it could be added to the protocol.

This is where the problems starts.... We have the human factors that come into play.

1. A developer does not want to incorporate someone else's successful feature, because he/she wants full credit. {No copy cat}
2. People have hidden agendas {They secretly support a possible side-chain} This will give them more power and control.
3. Arrogance & self importance {Getting a big head syndrome}
4. People perception of what feature is perfect differ widely. {This is why we have +700 Alt coins}

Things like this is sabotaging the perfect coin. So yes.... UtopiaCoin is not a bad description for it.

I think it's an infrastructure thing and a testing thing. Bitcoin is already established and tested in the real world. You would need to change every vendor that accepts and been sold on Bitcoin at once. Could you imagine BitPay going to every customer and telling them that the old Bitcoin needs to be changed to the new one. That's a ton of work worldwide.

Even if you could change everyone in the world at once, how would you know you're really giving them the best "Bitcoin"? The one that's in the wild right now is real world tested and passed. Sure it has problems that need to be fixed but it's already out there working. There's no way to prove your new Bitcoin is better in the real world and when would it be finished? How can you be sure you caught all of the potential problems before releasing it? Microsoft Windows began in 1975 and it's still not the final version. Did you want to wait 40 years before releasing your new Bitcoin to make sure it's perfect?

What you're talking about sounds reasonable at first glance but it won't work any better than just fixing what's already there.

this is was already done multiple times, there is an altcoin discussion, they just don't call those bitcoin to avoid confusion

actually there was one, and it was called exactly bitcoin but it was scrypt, then they removed it because it was making too much confusion, now it's called bitcoin scrypt

That's because hardly anybody uses them.

I don't really pay much attention to the altcoins, but those who don't like the way Bitcoin works don't have to complain about it, they can just switch to another currency.  No one is forced to use bitcoins.

well, if a fork is done on bitcoin that coins essentially become an alt no?


As i said in OP the coins will need to have the large majority agreeing on the features before,

Actually i should have only mentionned the decentralization feature because people got confused about what i wanted to say.

I don't want to use an altcoin, i want bitcoin to succeed and as i see it the main reason why people can't find consensus on the blocksize is because of decentralization vs centralization issue, so was wondering if we could create a new bitcoin that can process many transactions while staying decentralized

do you know how some altcoins can process many more transac than bitcoin and why doesn't bitcoin use the same system? they aren't secure? they aren't decentralized?

I think no bitcoiners will agree with this idea except the one without holding any bitcoin. I can bet that the new bitcoin alt will be worthless and no one will buy it.

is there any altcoin that can process a lot more transaction than bitcoin/sec, that is decentralized and will remain so in the future regardless and that is secure?