Post
Topic
Board Development & Technical Discussion
Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats'
by
Therilith
on 08/04/2012, 10:35:17 UTC
I seriously invite all those who want change the rules to make their own currency.
(In case that was directed, in part, at the proposed solutions to the uncertainty/massive overnight inflation problem:)
Do you seriously think that a fork that introduces short term (mostly emotional) discomfort to solve a potential long term problem would have any chance of catching on?

Yes, I seriously believe that when you make something good, and it is free and open source, people will come and support you.
That is the way Free Software works, it always has been this way since the dawn of GPL and Linux. This time is not different.

So just make a better currency, advertise it, publish a whitepaper like Satoshi did, and repeat the success of Bitcoin. If your conception is worth it, people will follow. It is that simple.

But perhaps the problem is, that the conception is not worth it, and this is why stealing other people's money through "wallet heartbeats" or some inflationary bullshit will fail.
You seem to have missed something important: A great many people are myopic gits. If you want to create a stable system with a large user base, it has to be myopic git-proof.

I suppose gmaxwells idea (https://bitcointalk.org/index.php?topic=20799.msg267555#msg267555) would actually be a better solution. If you leave a pile of money lying around in a crowded mall completely unguarded where anyone can see and take it, you can't reasonable expect it to still be there when you get back.

Oh, and some obligatory sarcasm:
You want P2SH? Create a new currency and convince people to reprogram their apps, transfer their money and start over from scratch trying to promote it to the public.

...The moment someone starts to mess with my savings, I'm leaving this boat - and so will do many big players...
Yep. I would sell my BTC that day and move on to real estate, art, and my angel investing efforts.
How dare people try to keep everybody's money from becoming worthless!
Seriously, if you don't think there's a problem, explain why. If you have a better solution, explain it.
So far the only argument you've come up with is "Nu-uh!"