Topic: Against the high competition of blockchain. What will Bitcoin do to compete? (Read 141 times)
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
January 15, 2018, 02:51:06 AM
Ok so i will admit that bitcoin does have some issues that need to be worked out. Now i know that with each new crypto currency that comes out comed a new promise of change. In the end all that matters is what people and most importantly large businesses will accept i believe. Now people are mentioning the lightning network and i believe this will fix alot of issues.
January 14, 2018, 06:43:10 PM
Over time the blockchain has greatly improved to give out the coin of excellent quality of time and way of trading. And it is constantly evolving with blockchain 3.0 in the near future. This puts a tremendous amount of pressure on Bitcoin. Requires an upgrade and changes come from bitcoin.
What do you mean with "pressure"? For me, bitcoin is perfect right now, i am still holding some of them and i am relaxed about the price and the development.
I am quiet & fresh, and for me, the lightning network is all that bitcoin needs at the moment to be a serious "competitor" to all the other cryptos.
Let's be serious and honest for a while, bitcoin is outdated, but it has it's price because of the huge hype that it has, nothing more.
January 14, 2018, 06:36:11 PM
There are general ideas in the air from developers, entrepreneurs and others. The innovation happening across all of the altcoins will benefit everyone.
January 14, 2018, 05:26:26 PM
Over time the blockchain has greatly improved to give out the coin of excellent quality of time and way of trading. And it is constantly evolving with blockchain 3.0 in the near future. This puts a tremendous amount of pressure on Bitcoin. Requires an upgrade and changes come from bitcoin.
If you mean that blockchain technology has changed a lot and improved in the last years, that's true. Bitcoin is also improving, although it does it slowly, because it's a stable and working system (these days it's a bit slow because of the high amount of transactions, but still working). You can have a look at altcoins, with different systems and different strengths and weaknesses, but as long as you can only buy altcoins with bitcoin, bitcoin will be the major cryptocurrency. As soon as bitcoin will have the linghtning network on the mainnet, it will have the major improvement you're missing. 
January 14, 2018, 12:13:10 PM
I fail to understand how blockchains and Bitcoins are going to be competing, as Bitcoin USES the blockchain to be able to have their public ledger and to be the currency which they are today. These two things aren't competing, as one is a technology (the blockchain) and another is a currency that uses this technology, Bitcoin.
You may want to reword your question to fix this.
You may want to reword your question to fix this.
January 14, 2018, 10:49:37 AM
Over time the blockchain has greatly improved to give out the coin of excellent quality of time and way of trading. And it is constantly evolving with blockchain 3.0 in the near future. This puts a tremendous amount of pressure on Bitcoin. Requires an upgrade and changes come from bitcoin.
I hope that you will give a lot of ideas to develop bitcoin January 14, 2018, 10:23:13 AM
Over time the blockchain has greatly improved to give out the coin of excellent quality of time and way of trading. And it is constantly evolving with blockchain 3.0 in the near future. This puts a tremendous amount of pressure on Bitcoin. Requires an upgrade and changes come from bitcoin.
Jump to: