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Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

betabeat.com

11–20 of 29 posts

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#11
post #4

Earlier quoted context omitted.

I just want to clarify that kiba is criticizing the betabeat article, not the bitcoin devs. Given that some core Bitcoin devs are also Linux kernel devs, they would not make the big mistake of saying that Linux is marginalized.

That kernel/bitcoin link is something I haven't heard of and pretty interesting, do you have any sources?

Jeff Garzik, Con Colivas. Anyone else?

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#13
post #10

Earlier quoted context omitted.

Bitcoin can easily be forked and changed though.

I am not sure that is true. As small as the ecosystem is, I would not want to try to duplicate it.

In a very literal sense it can be forked: https://github.com/bitcoin/bitcoin

You wouldn't need to try and duplicate an ecosystem. People with nodes on the network would "vote with their CPU power" to support the version they liked the best - so the best one would naturally get the most support.

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#15
post #10

Earlier quoted context omitted.

I am not sure that is true. As small as the ecosystem is, I would not want to try to duplicate it.

In a very literal sense it can be forked: https://github.com/bitcoin/bitcoin You wouldn't need to try and duplicate an ecosystem. People with nodes on the network would "vote with their CPU power" to support the version they liked the best - so the best one would naturally get the most support.

the best one would naturally get the most support

I don't think so. A "better" Bitcoin fork that has no MtGox, no BitInstant, no BitPay, no blockexplorer, etc. would probably have very low adoption.

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#16
post #10

Earlier quoted context omitted.

I am not sure that is true. As small as the ecosystem is, I would not want to try to duplicate it.

In a very literal sense it can be forked: https://github.com/bitcoin/bitcoin You wouldn't need to try and duplicate an ecosystem. People with nodes on the network would "vote with their CPU power" to support the version they liked the best - so the best one would naturally get the most support.

No, the most popular version will get the most support. You still have the problem that a forked chain stops being compatible, so if a node recieves coins in the new chain after the fork, the old chain won't acknowledge it. This is a big practicle barrier to implementation.

You could harvest a large number of new chain coins before you go public, and offer an exchange service, but that would involve you owning alot of new-chain bitcoin, which would be a concern to people switing in.

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#17
post #10

Earlier quoted context omitted.

Bitcoin can easily be forked and changed though.

I am not sure that is true. As small as the ecosystem is, I would not want to try to duplicate it.

There are plenty of forks running already. There's "litecoin", a fork that changes the proof of work algorithm to scrypt in an attempt to make GPU's less useful for mining.

There's "PPCoin", a fork that adds "Proof of Stake" alongside "Proof of Work" in an attempt to reduce the energy consumption of the mining process.

There's others as well. Some bitcoin proponents consider these "scam" coins as they have limited use other than speculation, others consider them experiments in different approaches. But they do show that forking bitcoin is fairly easy.

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#18

Here's a list of all the anonymous donations they have received so far (doesn't include membership donations): http://blockexplorer.com/address/1BTCorgHwCg6u2YSAWKgS17qUad... (currently 26.5 BTC)

I hope we'll be publishing first-day membership numbers as well. My goal is to publish all our public keys. How cool would that be? Total financial transparency.

Re: Bitcoin Foundation Launches to ‘Standardize, Protect and Promote’ Bitcoin

#20
post #11

Earlier quoted context omitted.

That kernel/bitcoin link is something I haven't heard of and pretty interesting, do you have any sources?

Jeff Garzik, Con Colivas. Anyone else?

Those are the only ones I can think of (and likely the only ones).
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