Bitcoin is working fine! No change needed! - page 5.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: Humanxlemming on July 04, 2017, 02:45:57 AM

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.

Everything can be and should be subjected to improvements with the passage of time. In this global village we are living in right now it has become crucial to keep up to the industry.

Bitcoin if outdated will need new methods to be implemented. But right now bitcoin is already ahead of time. The infrastructure and he system that was built years ago was made to be adaptive. The methods and the capabilities that are already present are enough.
Change will of course be needed in future, but the infrastructure and system on which bitcoin is working right now is very good.

cryp24x

sr. member

Activity: 1190

Merit: 253

I believe bitcoin need to evolve and upgrade to keep up with the technological development and be able to scale with the number of people transacting with Bitcoin. If Bitcoin development become stagnant, yes it is functioning well today but who knows if it will cope up with the competition especially in scaling and current technology the new altcoin is offerring.

ArnoldChippy

hero member

Activity: 700

Merit: 500

Quote from: JimmieA on July 05, 2017, 06:00:39 AM

Btc is great, i agree. But btc still needs improvement to further develop, more and more perfect and attract more users. From there it can become a popular currency worldwide. What I often hear about btc is that the transaction costs are too high. I hope this will be changed.

in fact there is nothing wrong in bitcoin, bitcoin is in fact a perfect currency and is providing opportunities to their users to use it for different purposes and in act that are getting good profit from it.

john2231

hero member

Activity: 924

Merit: 1001

Quote from: darkangel11 on July 05, 2017, 03:10:28 PM

The problem is fees will continue to grow. A year ago we were paying 50% less, so what will happen in 2018? Another raise by 50%?
I don't know if it's working as intended, but somewhere someone has made a miscalculation. Maybe Satoshi didn't expect such growth or maybe he decided we will upgrade at some point. Anyway, thinking the market will regulate itself is naive, because the only regulation it's imposing is increasing the fees proportionally to the growing value of BTC, which makes long time holders say it's all fine, and newcomers complain and leave.

This is the only thing that i think the problem with bitcoin the fee is a big problem if segwit activation can give a solution about the increase of the fee and the increase of speed of transaction we will see a big price pump of bitcoin..
Bitcoin was fine last year because we are paying small amount of fee but right now we are experience of big fee if our transaction is high size even we are just sending a small amount of bitcoin but the fee is nearly the amount you send..
This should be priority to fix not other features..

tosmartak

sr. member

Activity: 630

Merit: 250

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

Thoughts like this are exactly what got Nokia and BlackBerry out of the market. When you think you are OK and just doing fine in your comfortable zone as a king, someone else will come up with something better and before you know it, it may be too late to recover. I think it is best we do it better so as to give better experience to be able to continue staying at the top.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

The problem is fees will continue to grow. A year ago we were paying 50% less, so what will happen in 2018? Another raise by 50%?
I don't know if it's working as intended, but somewhere someone has made a miscalculation. Maybe Satoshi didn't expect such growth or maybe he decided we will upgrade at some point. Anyway, thinking the market will regulate itself is naive, because the only regulation it's imposing is increasing the fees proportionally to the growing value of BTC, which makes long time holders say it's all fine, and newcomers complain and leave.

JimmieA

sr. member

Activity: 396

Merit: 250

Btc is great, i agree. But btc still needs improvement to further develop, more and more perfect and attract more users. From there it can become a popular currency worldwide. What I often hear about btc is that the transaction costs are too high. I hope this will be changed.

Crypto_trader87

full member

Activity: 322

Merit: 100

I hope that the devs of bitcoin can provide a good idea for the high charges to all the bitcoin consumers today the transaction is become more expensive and slowly it takes a long time to recieve your payment i hope they can fix it if needed to broke the old bitcoin into for the sake of all its fine for me

Amph

legendary

Activity: 3248

Merit: 1070

i guess if you can accept the current enormous fee then it's fine yes, but not everyone is ok with the current expensive fee, bitcoin is not suitable for micro-transaction

which is hindering adoption for casual people that want to buy small stuff, and i'm not talking only about the usual coffee, but also many steam game that are on sale and very cheap can not be bought with bitcoin

because you end up spending 2-3 times more than their cost, which is retarded

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Mandoy on July 04, 2017, 02:17:25 AM

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

If we do not accept new developments in bitcoin then we will still be suffering from transaction logs. If you remember last month there is a 200k plus pending transactions on the mempool, this implies that the current hashpower cannot comply to the demands on bitcoin. Thus it is necessary to increase the blocksize so we can make the transactions much more faster and with lower fees. If we do not accept new developments in bitcoin then companies will not trust bitcoin since it is unstable due to problematic network cause by blockchain overload. We need to increase the blocksize to bring back bitcoin into the mainstream and to attract big companies to adopt and join.

This is exactly my point because as individuals we can still cope with the time lags between sending and receiving likewise with the high transaction fees because we have come to understand the basic technicality surrounding such situations but for companies who wants to make profit and make life easier for their customers, I doubt if they will have such patience and the irony of it is that, the set of people that can pull the kind of response we want in the place that matters when it comes to government institutions are companies considering the volume of transactions they will be doing on a recurrent basis.

aioc

hero member

Activity: 2926

Merit: 567

I have a lot of transactions that took 24 to 32 days to confirm and if the Bitcoin community grows the problem of confirmation will persist and the transaction price will go up,technology is growing and changing and Bitcoin should be ready for massive adoption that is why we need a change or add .

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: TrissMerigold on July 04, 2017, 11:04:24 PM

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

yeah agree instead of segwitx2 maybe its time to fix goddamn fees or maybe transaction time , dont know if clearing blocks from segwit will make transaction faster tho , i heard also it will be splitted between bitcoin core and bitcoin unlimited , the hell is different between these two things ? i still didnt understand , they just make it harder for bitcoin user

The introduction of Schnorr signatures will make spam attacks a lot more expensive and this will reduce these spam attacks and also sort some of the problems with scaling. So this has two advantages < it takes less space and it makes spam attacks more expensive > I am saying more expensive, not impossible and these are just some of the advantages applicable to this argument. You can read a bit more about this here : https://bitcoinmagazine.com/articles/the-power-of-schnorr-the-signature-algorithm-to-increase-bitcoin-s-scale-and-privacy-1460642496/

Caelanpelley

sr. member

Activity: 602

Merit: 250

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

right like. We don't need the new changes from bitcoin because the current bitcoin is works very well and pleased many investors.So I don't think they need to change new bitcoin

itsallpc

full member

Activity: 196

Merit: 100

Quote from: AGD on July 04, 2017, 01:51:37 AM

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,bitcoin needs a change.Bitcoin users suffer more either due to high transaction fees or slow transactions.If segwit had been implemented earlier,bitcoin price may have crossed $3500 by this time.So,segwit has to be activated and we could hope that it would be activated on August 1st.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Quote from: shamzblueworld on July 04, 2017, 11:15:12 PM

But growing fees and slow confirmations are a problem that needs addressing. If bitcoin is to stay the king of crypto, and gain popularity among masses, it has to fix these problems sooner than later.

There are no growing fees and no confirmation problems. Did you try it out? I did.

shamzblueworld

hero member

Activity: 714

Merit: 500

But growing fees and slow confirmations are a problem that needs addressing. If bitcoin is to stay the king of crypto, and gain popularity among masses, it has to fix these problems sooner than later.

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

I agree op I also wish they leave Bitcoin as it is without making any unnecessary changes, I am so pissed when this all started why mess up with something that is already beautiful but no this guy's have decided they will destroy Bitcoin and it's a shame no one has stood up to this, today we all will be here and tomorrow we will be like why didn't we make a case, why didn't we stop this. It's yet another chance for us to form a bond and stop this.

Prodigan786

sr. member

Activity: 434

Merit: 250

If you satisfy with the current scenario think about last month 220k plus transaction on the Memphis so the current hashpower cannot satisfy to the demands on bitcoin. So it is required to increase the block size.

Astvile

sr. member

Activity: 1484

Merit: 276

Yeah it works fine right now no doubt at all but there is one side of bitcoin that has a negative impact to the users of it is about transactions,yes its working pretty good but not as good before because too much delay in transactions right now

TrissMerigold

member

Activity: 84

Merit: 10

Bitrated user: Olysikes1. Authenticate

Quote from: AGD on July 04, 2017, 01:51:37 AM

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.

yeah agree instead of segwitx2 maybe its time to fix goddamn fees or maybe transaction time , dont know if clearing blocks from segwit will make transaction faster tho , i heard also it will be splitted between bitcoin core and bitcoin unlimited , the hell is different between these two things ? i still didnt understand , they just make it harder for bitcoin user

Topic: Bitcoin is working fine! No change needed! - page 5. (Read 4666 times)