Play with me here.... A solution to Bitcoins problems

[Thetamind]

I think that maybe the idea that people have been working on to solve bitcoins problems, such as segwit, and bitcoin unlimited, may be a little too complex, and potentially dangerous ( causing the death of bitcoin) to implement. I think there may be another solution, where bitcoin remains decentralized, and doesn't hard fork risking a currency split, and potentially making bitcoin worthless.... This idea is simple, and probably already thought of, but this is a forum, and I figured why not throw it out there for people to play with even if it has been thought of.

As we know, there are many other crypto-currencies out there, so many now, that it makes your head spin just reading the list of all the bizarre names people come up with... bitcrystals and shadowcash....seriously? So anyway, all these currencies are competing to become the top dog, they want to dethrone bitcoin, but lets be honest about something. Bitcoin has roots deeper than any other crypto-currency, people all around the world have invested too much time effort and money into bitcoin now, for bitcoin to fail. So it's not going anywhere any time soon, unless of course, people are stupid and screw it up somehow by trying to alter it in ways it wasn't meant to be altered, then well, it just might implode and we'll all be out some serious money. Do we really want to take that risk?

Another risk we don't want to take, with one of the potential solutions, is the fact that it may not keep bitcoin as decentralized as it currently is. Now I don't know about you, but, I'm a fan of decentralization, that's the whole reason why I support bitcoin in the first place. If the integrity of the decentralized concept that bitcoin is, begins to show cracks because one of these proposed solutions wins, then bitcoins days will be numbered as one of these other decentralized currencies will rise up.

What if we created a bridge between Bitcoin, and another crypto currency? Where Bitcoin becomes the "gold" of digital currency, and another cryptocurrency becomes the "cash" where instant transactions are easily used for every day living, and bitcoin is used for bigger things? For example, like linking your instagram account to your facebook account. You see how they compliment each other, instead of compete with each other? Is it possible that Bitcoin could bridge itself to another currency, like perhaps byteball, or ethereum, or monero? Because if it can, then all of bitcoins problems are solved as it would delegate it's blocksize and transaction issues to that currency. Wallets would have to support both of these currencies and make them easily interchangable, but I think it could be done fairly easily, and user friendly.

What do you guys think, is this not a viable alternative to the gong show of BU VS SW? I don't personally like either of them, because they threaten Bitcoins integrity. Where as right now, Bitcoin is fair for everyone, and I think it should be left as is so that we don't ruin a good thing. Last I checked, Ethereum classic wasn't doing all that well, so lots to think about. Feel free to contribute your two cents, tell me I'm wrong, tell me it's not a good idea, or tell me it's possible. Lets discuss.

[Thetamind]

I'm so tired of making threads that literally get swept under the rug into thread oblivion! This is a plainly obvious, bump back to the top... I mean come on, I wanted to have a discussion here, not talk to myself!

[Decoded]

I'm so tired of making threads that literally get swept under the rug into thread oblivion! This is a plainly obvious, bump back to the top... I mean come on, I wanted to have a discussion here, not talk to myself!

I'll take you up on that offer. This is a very interesting thread anyways.

My opinion on this matter is that yes, Bitcoin in my view is not a means to the end of fiat as we know it. It's almost like another gold. However it can't be sized if you store it properly, and it doesn't require a license to own. The problem is that many stores and services are now starting to accept Bitcoin and they are the ones that are starting to move to this "PayPal killer" sort of mindset. If we change that now, it could affect bitcoin's reputation as a monetary form. Pretty badly too.

The thing is, what coin will bridge this gap? There are so many altcoins out there that can do this. What makes one any more viable than another?

Segwit and the Lightning Network aim to make Bitcoin more of a semi-anonymous cash, and BU and most other forms try to make Bitcoin in its current state more stable and less congested.

[Thetamind]

Right, but the problem is, anything segwit for BU does, is going to attempt to alter the original code Satoshi created, and that could fundamentally change bitcoin in ways that are not favorable. Do we really want to take that risk? This isn't about dominating bitcoin, it's about turning bitcoin into the future of money. Because we have to face it, crypto-currencies are going to be the future, and we're going to need a system in place that can handle the volume, instantly, usable by everyone, anywhere. I think with a bridge between bitcoin and another currency, this is possible, without attempting to change bitcoin at all. As I said, it can delegate it to the other currency. Inside a wallet, you can exchange bitcoin, for say, monero, which is now worth the same as bitcoin.... People then use monero to trade their daily money, like people have cash in a wallet, and at the end, of the day, say they got paid from their boss, if they don't want to keep that as cash, they can put it back into bitcoin, as a bank, taking out only what they need in monero, to get them through the day, or the week, or w/e. Bitcoin can continue to act as an asset, as gold, and monero can be the cash. I think finding a way to bridge two currencies, is a lot smarter than trying to fix a system that wasn't designed to be tampered with....... Doesn't it make more sense?