Do you know about BIPs?

[SmartGold01]

I have a simple question here and is; if this BIP is there why they don't implement the use of Lightning network?

Lightning network is a side chain solution that simply leverages existing bitcoin protocol features such as CLTV (checklock time verify) and CSV (check sequence verify)^[1]. Both are on the list of BIPs (0065 & 0112) that have been approved and implemented in blockchain protocols.


1. https://docs.lightning.engineering/the-lightning-network/multihop-payments/timelocks

This shows that is not widely used because most of the wallet doesn't have the lightning network enabled except for Binance exchange that has it, but I don't think is mostly used than the bch withdrawal options.
Anyway thanks for the clear explanation..
1+ for you

[Faisal2202]

Thanks for sharing this although I did read the term a lot of times and like BIP39, BIP 32 etc. But I never realized there must be some meaning to the term BIP. Well, now this short tutorial of your give me the idea that I should spend some time learning it as well.

This is actually my first time to know on BIPs and I am amazed that there is such a mechanism where people can be able to share ideas on how to make Bitcoin a lot better. Now, it would be more amazing if we can have a summary of the many BIPs that were successfully implemented that made Bitcoin more innovative, responsive and resilient as it should be. I am sure that as years will pass by, there can be new BIPs that will be subject to the discussion of the whole community.

You are right, people must be sharing new BIPs and the thing is till now I never voted for any and voted against any. I think I should vote next time if OP would share the link where these BIPs are listed for voting then it would be easier as well.

As an investor, I honestly rarely care about BIPs, even though sometimes this information can trigger a new trend in the market, such as BRC-20.

As you said such information can trigger another trend like BRC-20 then this can provide us an opportunity to make money as investors as well. So caring about BIPs might give us some advantages at some time but to be really honest I also have not come to use them a lot for investment and other things.

[NotATether]

As an investor, I honestly rarely care about BIPs, even though sometimes this information can trigger a new trend in the market, such as BRC-20.

As you said such information can trigger another trend like BRC-20 then this can provide us an opportunity to make money as investors as well. So caring about BIPs might give us some advantages at some time but to be really honest I also have not come to use them a lot for investment and other things.

BRC20 is not a BIP lol, it was announced by some guy on twitter and doesn't even have a whitepaper.

I think it's because that the Core developers are not interested in dealing with features that don't directly concern Bitcoin, so Twitter becomes a sort of breeding ground for making extensions to Bitcoin that people *might* use - e.g. Ordinals.

[Faisal2202]

BRC20 is not a BIP lol, it was announced by some guy on twitter and doesn't even have a whitepaper.

I think it's because that the Core developers are not interested in dealing with features that don't directly concern Bitcoin, so Twitter becomes a sort of breeding ground for making extensions to Bitcoin that people *might* use - e.g. Ordinals.

I understand now that BRC20 tokens are not BIPs and do not have a whitepaper. Initially, I assumed that some BIPs might have started a trend leading to new investment opportunities. However, I hadn’t considered whether these BIPs actually initiated such investment trends in the past.

[Pastaral]

BIP It usually helps improve the functionality of the Bitcoin protocol or network by suggesting a new feature, improvement or change.  BIPs help improve Bitcoin's security and scalability.

[bitterguy28]

You are right, people must be sharing new BIPs and the thing is till now I never voted for any and voted against any. I think I should vote next time if OP would share the link where these BIPs are listed for voting then it would be easier as well.

correct me if i a wrong but when you are only holding bitcoin there really is no need for you to actually vote from my understanding the developers will decide from which proposals should be implemented they then will basically let the miners decide if they want to implement the proposal some miners may or may not implement it the only way for the proposal to run smoothly is if all miners decided to run it

As you said such information can trigger another trend like BRC-20 then this can provide us an opportunity to make money as investors as well. So caring about BIPs might give us some advantages at some time but to be really honest I also have not come to use them a lot for investment and other things.

they are highly technical but a bip has a chance to change or impact the way the market moves so i think even as investors it is crucial that we understand the reasons for these

[bitmover]

Thank you for sharing this. Actually I was also seen BIP world many times on many website or the forums but I don't remember where I exactly seen that .
But it is also true that till now I was just seeing the world BIP's and I didn't know about its meaning and full form and its purpose yet. By the way in the first time after seeing the title of your thread I thought it was something Like BPIP for altcointalk 

Haha 😂, lol,
BPIP for altcoinstalks would be really nice by the way, I also thought about this immediately I came across this title or topic of this thread, but being a very frequent user of the BPIP  site, I quickly remembered that one related to bitcointalk after the "B" had a "P" before the "I", while one op is talking about had a "I" immediately after the "B", so made me realize within seconds that he wasn't talking about BPIP as it related to btt.

Maybe in a few years it would make sense to have a bpip for altcoinstalks.com

The whole point of BPIP is that highly recognized bitcointalk accounts are worth something, and the recognition can be measured.

We lack some important features here such as a trust score and the karma system is way more centralized than in btt merit system (as moderators and admjn can send/remove hundreds of karma which can't be done in btt)

[Crypto Library]

Maybe in a few years it would make sense to have a bpip for altcoinstalks.com

The whole point of BPIP is that highly recognized bitcointalk accounts are worth something, and the recognition can be measured.

We lack some important features here such as a trust score and the karma system is way more centralized than in btt merit system (as moderators and admjn can send/remove hundreds of karma which can't be done in btt)

I hope so the tool like bpip or the ninjastic.space will come here also soon. These are one kind of life saver tool on the bitcointalk.

I do data analysis on the bitcointalk forum and I can easily handle that with these sites but I could do the same here. But I didn't know yet that the moderators can send/remove hundreds of karma here!!!! 
Based on the current karma system if it make public then we will see some war on the member for the positive and the negative karma. Maybe it can be more decentralized but it's need to also customize like remove the negative karma system or make this power on the decentralized team , mod , stuffs etc.

[bitmover]

I hope so the tool like bpip or the ninjastic.space will come here also soon. These are one kind of life saver tool on the bitcointalk.

I think PX-Z already made something close to ninjastic space. He already scraped all forum data and he created some tools there.

[Wiseman]

For those of you who don't know, I'm sure you have seen the word recently, not here but on the news. Whether it was about Segwit or something else like that, I think it's important for you to know what they are and how they work. So let's get started.

1. A BIP stands for Bitcoin Improvement Proposal.

BIPs are created when somebody has an idea to improve the Bitcoin network. A BIP is a document with a special kind of format that explains exactly why the proposal is needed and how it will work.

2. BIPs are reviewed by the community

All BIPs are submitted to the mailing list of bitcoin-dev or on Github. That is wheve everyone else involved in Bitcoin can go check out the document and offer their opinions on it.

3. Not all BIPs are accepted

Natrually, some BIPs are rejected, for example if it is too complicated to implement, there is not a need for the BIP, or if it changes the Bitcoin protocol in a way that some people don't like.

A BIP is only accepted into the repository if and after it is agreed on by a majority of people. Around this time, it also gets a number.

I'm probably not a programmer and I don't work in this area, but I periodically read this and sometimes I don't understand, like this moment, you wrote that such changes are accepted by voting, I assume that this is done on Github, but tell me, how many people are on Github and how relevant are they to vote for all Bitcoin holders? For example, there are 10,000,000 people in the world who hold Bitcoin, but on Github 100 or 1000 people vote for some improvement, is that normal?

[Crypto Library]

I hope so the tool like bpip or the ninjastic.space will come here also soon. These are one kind of life saver tool on the bitcointalk.

I think PX-Z already made something close to ninjastic space. He already scraped all forum data and he created some tools there.

Yeap I know about the PX-Z https://pxzone.online/altt/archive website from the beginning.
But if you notice that then here is some features are missing I mean those should be added up here also like we can filter by custom date by board and also also some others features here.
I think this will also a good idea to suggest PX-Z add those features also in the archive. Already he have been mentioned here I am going to also suggest on his official thread right now. May pxzone.online could be a alternative for ninja.space in altcointalk forum 

[bitmover]

Yeap I know about the PX-Z https://pxzone.online/altt/archive website from the beginning.
But if you notice that then here is some features are missing I mean those should be added up here also like we can filter by custom date by board and also also some others features here.
I think this will also a good idea to suggest PX-Z add those features also in the archive. Already he have been mentioned here I am going to also suggest on his official thread right now. May pxzone.online could be a alternative for ninja.space in altcointalk forum 

I miss the search by mentioned addresses function.

This could be easily added using regex for ethereum and bitcoin like addresses. This could be a nice feature for PX-Z to add

[NotATether]

Thank you for sharing this. Actually I was also seen BIP world many times on many website or the forums but I don't remember where I exactly seen that .
But it is also true that till now I was just seeing the world BIP's and I didn't know about its meaning and full form and its purpose yet. By the way in the first time after seeing the title of your thread I thought it was something Like BPIP for altcointalk 

Haha 😂, lol,
BPIP for altcoinstalks would be really nice by the way, I also thought about this immediately I came across this title or topic of this thread, but being a very frequent user of the BPIP  site, I quickly remembered that one related to bitcointalk after the "B" had a "P" before the "I", while one op is talking about had a "I" immediately after the "B", so made me realize within seconds that he wasn't talking about BPIP as it related to btt.

I think you guys have confused "BIP" for "BPIP".

Maybe in a few years it would make sense to have a bpip for altcoinstalks.com

The whole point of BPIP is that highly recognized bitcointalk accounts are worth something, and the recognition can be measured.

We lack some important features here such as a trust score and the karma system is way more centralized than in btt merit system (as moderators and admjn can send/remove hundreds of karma which can't be done in btt)

Well since we are talking about BPIP now, I guess such a website would only make sense if you were able to scrape who had given thanks to other members, because otherwise all you have is basically just post count and that's it for the homepage.

[Crypto Library]

I miss the search by mentioned addresses function.

This could be easily added using regex for ethereum and bitcoin like addresses. This could be a nice feature for PX-Z to add

Not only the search by the mentioned addresses function  I am also missing these functions(https://ninjastic.space/search) also on the site of PX-Z scrapper site.

I made suggestions to PX-Z official thread and he said that he have already to do these job in his list and may be he will do these after doing his current projects. 

And we are waiting for that, By the way it wouldn't be also bad if we saw these functions in your BDS 

[|MINER|]

Thank you for sharing this. Actually I was also seen BIP world many times on many website or the forums but I don't remember where I exactly seen that .
But it is also true that till now I was just seeing the world BIP's and I didn't know about its meaning and full form and its purpose yet. By the way in the first time after seeing the title of your thread I thought it was something Like BPIP for altcointalk 

Haha 😂, lol,
BPIP for altcoinstalks would be really nice by the way, I also thought about this immediately I came across this title or topic of this thread, but being a very frequent user of the BPIP  site, I quickly remembered that one related to bitcointalk after the "B" had a "P" before the "I", while one op is talking about had a "I" immediately after the "B", so made me realize within seconds that he wasn't talking about BPIP as it related to btt.

I think you guys have confused "BIP" for "BPIP".

And I think this is not only me and the Fivestar4everMVP and the peoples who knows about the bpip.org in bitcointalk most of those also having the same confusing seen IMO.

I think you should add this "[not BPIP]" on the title , LOL joke apart.