Quote from: jabo38 on May 02, 2014, 03:49:55 AM

I think bitcoin will be around for a while and the price will go up a lot and then yes, eventually another "coin/platform/tech" will have addressed all of bitcoins flaws and become more widely accepted.

What are these flaws?

One guys owns 10% of the economy.
Block times are 10 minutes.
If I want it to be secure, I have to load linux on a computer not ever connected to the internet and then make a cold wallet and then store that safely. (are you kidding me??? like .01% of the population is even capable of doing this. seriously 0.01%)
Mining bitcoin uses lots of energy and computing power which ultimately makes bitcoin prices much higher than they need to be for the service actually performed. (yes, I know some of you like this, but really it is a flawed system)
Mining is becoming heavily centralized and moving forward if the pools don't okay something, it won't happen. (do you think they will okay things against their interest, even if it is in the average person's interest. sounds like the government we have now controlling fiat)
The language is confusing.
It's start has grown out of shady industries tainting its image.
There are lots of services being provided by or planned by 2.0 platforms that bitcoin just can't do or at least isn't doing.

Yes, bitcoin is adaptable and yes it can address many of these faults and adapt, but will it address all of them? Some of these flaws are pretty serious flaws. A new platform that wipes the slate clean and addresses these issues and more, could be much more successful and overtake bitcoin. I gather bitcoin will still be around when that happens; just as fiat surpassed gold, it didn't make gold irrelevant.

Part of my point exactly. Bitcoin is not a fair coin. Now we have been seeing this with rich people buying all the mining power they can find and chewing through the network while those of us who can't afford to mine on a large scale are stuck with the Bitcoin equivalent of trickle down economics. Which we know does not work in the real world. We need a coin that can do a few neet tricks. I would like to share

1. The coins mined earn interest while in your wallet or on an exchange Wallet. Don't know what would be an appropriate rate though. But the best thing i think would be the rate would very based on how much hashing power would be on the whole network ex. more hash = more interest . This would help little guys who don't have a lot of hashing power. makes it more like banking

2.No interest made when your not mining. Not putting in the work anymore why should you earn.

3.The biggest part a coin that can adjust with inflation and deflation. If the value goes down everyone should feel it in there wallet no mater how big or how small. Amount of coinage in your wallet would decrease or Inflate based on value think for example if the coins value got really high it would split like a stock 1 coin becomes 2 coins and so on a split would happen after it reaches a fixed doller value.

4. Some sort of new hashing algorithm that puts everyone no matter how much hashing power they have on equal footing. Difficulty increasing should not be able to be cheated by having more hashing power.

5.Mined block size will vary based on all of the above. Each block will have the interest to pay out to everyone's active mining wallets.

I would love for others to add there ideas and comment on my ideas