Topic: Bitcoin is working fine! No change needed! - page 2. (Read 4666 times)
Who are you to tell that it is working fine without any issues? The number of unconfirmed transactions have decreased along with the transaction fee, but it needs to be seen how long the situation will remain like that. But it is true that a lot of people are now using BCH and ETH for the transactions, and therefore the volumes have gone down a bit.
For now we can say that no change needed for bitcoin because it works fine your you and me. But ofcourse, there will be changes may occur in the future and how it also works in the public, this has to be enhanced or change accordingly. For example, bitcoin transaction fee to other ways of having it or transferring it give weighs to many so I think this has to be enhanced even more.
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Bitcoin is working very fine if you consider it an asset. It is nothing that actually can bring so high return on your investments in a so short period of time.
But if you want to use Bitcoin as a method of payment, you will find many problems, like high fees and long confirmation time.
I'm a very crypto enthusiast and advocate, but I also like to be honest and to not hide problems...
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.
The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
No,definitely we need segwit.Already,we have suffered a lot by paying high transaction fees due to small block size.So block size has to be increased and for that segwit has to be activated.Only that would ensure smooth and quick transactions. Yeah, working just fine. But not really perfect. There is still a big room for improvement.
Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
As of now I don't have any problem with my bitcoin, in my bitcoin wallet I don't have any transaction fees especially when I am about to withdraw my bitcoin and converted it into fiat. So for me bitcoin works fine. Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
Which wallet do you use where for outgoing transaction there is no fees ? Is there any fees on incoming like LB have started taking fees for incoming too ? Fees charged by this wallets are high and it's killing even to transfer the Btc due to such high transaction amount charged by them .
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
You are right but still in my opinion we need to make a thing more better than from better .Here the segwit2x will not only give the birth of new baby in form of another new coins but also this will give the birth to the new technology in the algorithm of the blockchain .
During the bulky transaction the transaction fee absolutely get increase but normally fee remained same , so currently the blockchain old segwit was and is better but I think the team of the blockchain is making the blockchain network more better for the future because only a few percentage of the people are using Bitcoin but in the future we need more better technology so that the network can easily handle the bulk traffic of transaction with a suitable amount of fee .
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
That is just because the spam attack was stopped some time ago, we need bigger capacity to transactions that is not up to discussion what we need is to come to an agreement on the solution that we are going to choose and follow it. 
To my mind, bitcoin is a full-established cryptocurrency that doesn't need any fixes. For sure, as the time passes, it needs to be upgraded and improved, but not now!
Absolutely right! Bitcoins are extraordinarily leading the crypto market. Bitcoins do not have any serious flaw but room of improvement is always there. At present, there is nothing that should get fixed but with the unsteady world economy, it will need certain improvements. To my mind, bitcoin is a full-established cryptocurrency that doesn't need any fixes. For sure, as the time passes, it needs to be upgraded and improved, but not now!
Absolutely right! Bitcoins are extraordinarily leading the crypto market. Bitcoins do not have any serious flaw but room of improvement is always there. At present, there is nothing that should get fixed but with the unsteady world economy, it will need certain improvements. 
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.
The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
Not everyone here understands that. Funny that Bitcoin fee is pretty low atm and these honks still keep complaining about high fees.
Yeah, working just fine. But not really perfect. There is still a big room for improvement.
Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
As of now I don't have any problem with my bitcoin, in my bitcoin wallet I don't have any transaction fees especially when I am about to withdraw my bitcoin and converted it into fiat. So for me bitcoin works fine. Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.
The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.
Dude people are complaining about the slow confirmation time and we need change that. I agree it has proven itself but we need certain areas to improved so that bitcoin can go further that you ever dream of. If we are struck with this issue, then bitcoin will stall. And so that there is also a high chance that it will be mass adopted sooner than later. I hope you understand why changes are needed to bitcoin technology.
The lessons and unintended results of TheDAO and the Ethereum contentious hard fork. Technical success but political failure. The expensive potential damage for all cryptocurrencies of contentious hard forks. All cryptocurrencies get one mulligan. Being in a position where you're making decisions in this ecosystem is very difficult and a dangerous handicap. Tendencies to fragment. The Bitcoin Unlimited remote exploit bug. They should be relieved it was discovered early. Quality of code does not depend on having the best "superstar" developers, because they come on a Bell curve; quality code comes from a good QA process and a very large, diverse development team matter. Ethereum has a fantastic opportunity to learn from the mistakes of Bitcoin, and Bitcoin from the mistakes of Ethereum. Cross-ecosystem learning is how we mature.
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.
As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.
Change is the only constant thing in life. It's a principle that's cardinal to development. Whenever I hear people say Bitcoin should be left the way it is and that there isn't any problem with it, I am thrown off balance. What? With all these inconsistences of transactions and high fees and delays? Such frustrate the use of Bitcoin and that's got to change if we were to advance Bitcoin and get more people to use it.
As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.
Change is the only constant thing in life. It's a principle that's cardinal to development. Whenever I hear people say Bitcoin should be left the way it is and that there isn't any problem with it, I am thrown off balance. What? With all these inconsistences of transactions and high fees and delays? Such frustrate the use of Bitcoin and that's got to change if we were to advance Bitcoin and get more people to use it.
Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.
Why do you say that? Did you make any transaction lately or you are just repeating old news?
The fees are still too high for micro transactions.
And the clog in the mempool has dropped because the usage has also dropped.
People are sending less frequently money,not using it for small payments or earnings and this way you can't say that everything is fine.
Is like imposing gas ratios and when seeing people still driving around you say everything worked well.
And btw, the network hash rate exploded lately and blocks are coming up at around 9 mins, that's a hefty 10% increase in the chain capacity that will evaporate (maybe) next week.
We are in a summer hole snapshot. All nice.
What father would say, all good kids, we have enough , stop working....
Winter is coming!!!
The technology, features and security system were good in bitcoin. In simple way, bitcoin is fully-featured application, but it will need changes to meet next generation requirements in payment system.
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