Post
Topic
Board Bitcoin Discussion
Re: If you were to recreate Bitcoin to be better and more secure. How would you?
by
FifthGhostbuster
on 29/04/2015, 00:40:32 UTC
Reward halving to be only 1/3 or 1/4, that will not change the limited total supply but smooth out the distribution phase. Current reward halving scheme is just too steep that causes large appreciation expectation in general

Would you mind going into more detail with this? Are you thinking of a 2 year approach like litecoin is doing?

Hey BitCoin enthusiasts, I am trying to figure out if it is possible or if people even want a better BTC. If so how would you go about doing this.

I am not sure it is possible. I would want to make bitcoin ASIC proof, so mining could be more distributed.

So far the only implimentation of asic proof I have seen is with CureCoin using protein folding as mining. Do you have any other ideas on how to do this?

Eliminate the possibility of a 51% attack...

There have been many ways implemented to solve this one include POS minting. What do you think is best?

Cryptonote

AFAIK, Cryptonote cleans the old transactions, which is not good to keep evidence. Probably good for anonymity though...

Some financial investments require old transactions for proof of transaction. How would you propose to make anonymity and visible users happy in this case?