Topic: Bitcoin is not perfect, and that's okay. (Read 1154 times)

Well, nothing made my man is completely perfect, and since bitcoin is also one of such man's creation, so it's bound to not be perfect, and I agree sincerely that, the fees is a big issue, it indeed can act as a stumbling block to bitcoin's global adoption, but the beauty of blockchain, which also is a great help for bitcoin, is that, we all don't have to only depend on bitcoin payments alone, anybody can still take any other altcoin as payment for his or her goods or services in times when the bitcoin fees are too high, atleast, using alternatives in times like this will also help decongest the mempool and help the fees come back down.

And also worthy of mention is that, the high fees are not permanent, it goes up or comes down, depending on the activity on the bitcoin. network.

The fees problem was why SegWit and Lightning Network was conceived. You can start by reading about how the LN works and gradually start using it, although we have a lot of anti-LN voice in this forum too. Whether it can reduce the enthusiasm? I dont think so, because the fees are usually high when the price is rising and that increases enthusiasm as well. It was low when the market was bearish so fans should have bought at that time. Hence someone buying when the fees are high is also making a wrong move.

Another option is to use a different altcoin to tide over the high fees temporarily. In future we might get new features from the devs to solve this problem.

Managers will decide how to solve this issue at present. Some have used LTC as payment if LN of BTC is not used by the participants.

Yes, no. I used to think that Bitcoin was a perfect thing that was perfect in all components, but now, due to some reasons, I am forced to think that there are actually some reasons that can reduce Bitcoin in the eyes of people and that there is a problem with fees. And when I monitor, there is a lack of concept in Bitcoin due to fees, and this is a big sensitive issue for Bitcoin enthusiasm, but this issue can present a hurdle to Bitcoin adoption in the world. Moreover, two weeks have passed since my signature payment, but the manager has not sent us his payment because of the fee. Which I think could be a big issue for Bitcoin.

I prefer decentralization over centralization, there are many ways banks can reverse transaction and that is a big concern which is why I love bitcoin. It can never be reversed, not even a president of any country can oder for such thing, the highest they can do is to flag the receiving wallet address. However, banks can do whatever they like with any transaction, even the government can other banks to confiscate your money if they like which is very bad.


Terrorism started not today because Osama Bin laden started war with  US since 1996 and where was he having guns and bombs from, the money came from fiat, bitcoin was never conceive that time and terrorism was everywhere but bitcoin that was born in 2009 is now there problem. I'm not sure if there has ever been terrorism like before than now that we much technology. Bitcoin is money and money attract bad people, including the US government because they also have bitcoin.


The government knows what they are doing and even the people know that democracy is a scam but how many of us are ready to change the democracy to another form of government without forming a parallel government. It will be difficult but it is possible.

Bitcoin is not meant to change all this but if it happens, it will clear things including the people that don't like it will like bitcoin, time will tell for sure.

Bitcoin trading ,mining and stalking is a good business and positive activity. It depend upon the user how he is using it negatively or positively. Althoug, Bicoin is not perfect and there is nothing perfect in this world. Everything and man۔There is room for improvement in every human being and everything in the universe. Only God is perfect. But I think that bitcoin is a very good business. There always remained desire for betterment and development in bitcoin. But it has good potential  and excellent force of progress in this business.

The needs if are going against censorship and being decentralized then of course bitcoin is the best way to go instead of any other shitcoin. But you need both fiat and crypto to survive in the world where fiat came first and has become a part of people's lives.

So many coins have come trying to replicate what bitcoin has done but none of them have surpassed it. Even then we could cherry pick and say that bitcoin is having flaws and all, but I think they are manageable and none of them are life-threatening/too serious.

Like currently the fees are too high, this leads to FUD topics coming up and all. Just ignore them and wait it out.

Everything can always get better. There's always room for improvement in every innovation and Bitcoin will definitely grow. These are part of the reasons why I say it's not perfect. Besides, this is not a permanent issue, it will normalize with time.

Not only are transaction fees high, if comparing transaction speeds, bitcoin seems slower than other altcoins and other disadvantages. But that doesn't mean bitcoin isn't worth using and investing in. Because nothing in this world is perfect, everything has pros and cons. Bitcoin is slow, transaction fees are high, but in return it gives us privacy and safety with its decentralized nature. Meanwhile, no altcoin can provide those things and more, what we need is decentralization.

To be honest, high transaction fees sometimes affect me but I can wait for better fees, but once my privacy is lost, I will never get it back. So even though bitcoin is not perfect, I would still choose bitcoin over altcoins.

Bitcoin, like fire, water, or any other tool, shows what its owner wants it to do. Criminals opting for Bitcoin due to ignorance? Haha. They're making a digital confession without meaning to. The fact that Bitcoin can be tracked is both good and bad.

Also, lets not fool ourselves: Bitcoin has some problems. Why are transaction fees so high? A real pain, especially when moving small amounts of money. The interesting thing is that Bitcoin's flaws dont change its value, just like a diamond's flaws dont change its value.

What if we start to see Bitcoin's high fees as a filter that separates small transactions from big ones? Or even better, as a spark for new ideas in how transaction fees are handled? Its about changing and adjusting. Rather than just a currency, Bitcoin is a big change in how we think about and use money. Is it perfect? Its not needed. Making progress? Of course. Lets not just complain; Its not just about Bitcoin; its about how money will work in the future. But thats where the real fun is, my friend!

For those Bitcoin haters, it will be a reason not to use Bitcoin.
Even though Bitcoin does not always experience network congestion, it is only because of the effect of Ordinal BRC20 that the network has many transaction queues.
I was even stuck on the network for more than 20 hours.

But, seeing how Bitcoin performs, what coin can match Bitcoin?
It all depends on how Bitcoin moves and if they say their network fees (other than Bitcoin) are cheaper, then see how bitcoin impacts when Bitcoin starts to leave them or when Bitcoin crashes, of course, Altcoin will crash heavily.

Bitcoin will continue to grow and that's for sure.
To get cheaper fees, you can use the Lightning Network and that is the current solution.
But as long as the Main Bitcoin Network remains stable, the cost is still quite cheap and it is worth it with how Bitcoin develops and provides benefits.

Bitcoin is not perfect and we can make it better! 150sats for transfer, what a shame lol

Understand that your gains in crypto is someone else's lose. So you don't expect everyone to be happy with a coin. While some bought very early, some bought at all time high, and you won't expect those who bought late to be happy when the coin starts to dip, because definitely they will be at a lost.

Yea. Even in secular and conventional trading, traders often times lose money, also they make profits.
So also in crypto trading, some times you make gains sometimes it could be a lose.

But the bottom line is that your gains should out number your loses. If your gains are more in numbers and volume than your loses, then you will be alright, if not, then there's a serious problem.

I think Bitcoin will act as an economic force for the people of the world.
Bitcoin's separate satellite could make Bitcoin stronger.

Fire can take a life and we use it for making food and other good things, water can take life too and we drink it for health benefits, guns are good for protection and hunting yet it's capable of taking lives, I think the problem is the user, and in generally everything good can be use for bad things, I can remember a woman using a glass cup to break and cut his husband neck in the neighborhood, we use that for drinking water and tea.

If Bitcoin doesn't exists today people will use Fiat to fund their illegal activities, and even till today, smart crime lords prefer Fiat than anything else because they can easily get away with it than using the block chain, lack of knowledge is why criminals will prefer to use Bitcoin for anything because it can be trace back to them.

Bitcoin is not perfect and we don't need it to be perfect, I can see many people complaint about it's transaction fee, well I am affected as well, I can't send my BTC to any exchange and I will have to wait till the amount I want to send is worth the transaction fee.

It is true that nothing is perfect in this life and every thing that has advantages of course also has disadvantages in other respects, being able to have Bitcoin will certainly be very helpful in fulfilling our lives and also if we can invest or trade of course we will be able to earn The benefits of these two things, when we can feel the benefits of Bitcoin, it will be very difficult for us to believe in anything else because the benefits we get from Bitcoin are enough to help meet our needs.

What you need to do is check the transfer fees when you move your money and calculate whether they are still worth it because The integrity of the underlying Bitcoin network is not affected, but they still contribute to the decline of public trust in the currency whether in the forex market and other exchange markets.

Whatever is created by humans will certainly never be perfect, but we look for something better than many shortcomings. Bitcoin provides freedom and bitcoin can make someone more productive in generating profits if invested correctly. There are many advantages in Bitcoin and there are also disadvantages so that we can verify it ourselves because that is where caution is needed for users.

Have you never used bank products because they can also return your funds? I remember several cases that have occurred where bank customers sent money to online purchasing services but because the goods never arrived, the victim reported it to the bank and the perpetrator's bank account was frozen. But in many cases banks don't want to do that for privacy reasons to protect the customer's identity, even though it is clearly a fraud.

For a long time, I have not seen the government calling bitcoin a terrorist tool in mainstream newspapers. But I still see some people here continuing to spread this, I see that it is we who are spreading these negative arguments, not the government. It's true that they once considered bitcoin a terrorist tool, but things have changed. If they still consider it linked to terrorism, why have more governments started accepting it? We should stop spreading these negative arguments because the world is gradually becoming more positive about bitcoin.

Apart from what you have mentioned, if you believe that the main source of profit here is in the trading activity that we can do in Cex and DEX, you should know and be aware of what can happen, and of course, the losses. That's normal; it's not possible that you don't experience losses; that's why you're called traders.

That's why it's essential in trading that you really have knowledge so that you have an idea where to go to make possible the direction you're doing trading activity here in crypto trading skills called.