Topic: Bitcoin is working fine! No change needed! - page 7. (Read 4666 times)

I think so, bitcoin need not change. I used to think that segwit was the most perfect method for bitcoin, but I was wrong, and after I read an article about segwit, I realized it was still flawed. And I do not want to support it.

Enjoy $20 fees and waiting for hours to get a confirmation then.
The sole reason Bitcoin has 42% market share is because it sucks so bad that it's unusable.

Let's give it some more time to be dethroned by Ethereum.

Surprisingly it was working smooth and steady and the confirmation times were really fast with lower fees for the past two days and i am not sure what the real cause is,but i think the spam attack has stopped completely for now and so is the reason,but we need to have a network upgrade if you are thinking about the future and i support the upgrade.

Yes bitcoin still wants to improve in many things, like this confirmation time decrease and transaction fee. What we are paying it is the high amount for small bitcoins transaction. People are hoping that issues will solve on this August first. Let's wait for one more month maybe we see a lot of changes in bitcoin. At present only the price is good, and I don't want to change this price that means it can increase but not decrease.

I think that the wallets and the services need to evolve.

Most important, everybody should allow (in certain range) the user to set the amount of satoshi/kb they want to pay.
Of course, the services will have to have a bigger "lowest limit" to make sure the tx is actually confirmed (at all), but the days of fixed fees should be over.
I still see places (bittrex...) where they charge 0.001BTC for a withdrawal; I know that they can do better.

We really do need the new system, besides the large amount of time required for confirmation of TXs, there is also the high amounts of fees it has become completely pointless to transfer small amount of BTC It is completely unreasonable to pay $2 fees for a $10(or less)  transaction.

If anything, the spam attacks a few months ago show us that blockchain cannot handle massive number of transactions. We need to change something in bitcoin so it can adopt. But if we let it just stagnate, I am sure it will be eaten by competition.

Im already immune to those FUDs which i do treat it normally already on bitcoin ecosystem which do people would really try out to make fuds just to dump the price for them to buy a cheaper coin since they know that later on bitcoin would increase its price and can able to make profit. Scaling issue might really be hassle for some but for me its just fine actually.

I feel that the whole scaling issue brings people to hold off from holding Bitcoin since the other group of people know that the price know that the price of Bitcoin is going to increase so they try to post FUD against the coin.
Once the whole scaling issue is over there will be people that want to find new things that they can FUD against Bitcoin so the price of Bitcoin will go lower.

If you ask me, there is nothing that is complete in itself without development or else with time, it will just fade away this has happened to several companies and they have faded away out of existence with the several competitors coming out with new technological advancement, bitcoin might not hold the forte for long if something is not done about the transaction time and the issue of transaction fee which has in no small way affected a lot of transactions that should have been carried out. Aside those two, every other thing is working fine.

The scaling debate is hurting bitcoin more than something else. it doesn't help at all

If we are not facing any issues and everything is fine and dandy, then there's no reasom not to be bothered. But with the problems on delayed transactions and escalating fees, one can't help but hope that something better is in the horizon. Or maybe there are groups that keep bitcoin from its natural progression that is why we keep encountering numerous glitches. Just wondering around here.

You do have some points but we do need new system or add ups on bitcoin. I agree what you said that it does survive on those circumtances that do happen to it back in the past and also to this current state,bitcoin is still standing up and do gradually grow even more and segwit wont be needed for me but no one knows if it would be implemented or not. Lets wait and see.

Why do you say that,we need improvement,look at this long transaction and sky high fees
With more altcoin with better system,bitcoin should make improvement too,so it would be still number one after years to come

Bitcoin is getting tested of the beta version of the segwit2x code and that makes the bitcoin to go back in normal but we are in just a beta version and we can expect more if the segwit2x will get implemented very well because the team is just testing and for sure there are some bugs but after august 1, bitcoin will become the best cryptocurrency again and it will make the price go up very high.

If the bitcoin works fine without any changes then it's ok but as we all know that bitcoin does really need a few changes to be made to facilitate faster transactions with lower fee hence changes should be welcomed. The only thing which is needed is the consensus. There should be consensus among the miners and everyone else in the bitcoin ecosystem should support the devs and miners. After all all these changes are and should be aimed at making bitcoin a much better digital currency than it is now.

As majority of the users stated I too believe that blocksize increase is a must, but right now everything is quite good and nothing seems to be an issue. Even if some issues arise, within a short time span it is getting solved. All we need is time, because we're just 8-9 years from the day of bitcoin into the world. It needs time to show it's growth. Even before that no need to penetrate into it.

I admit bitcoin is working pretty well, it is expanding worldwide. But trading activities are more risky, there is no certainty in the transaction. When it is necessary to trade a large amount of bitcoin through intermediaries, it takes time. So we need to change something in bitcoin operation

I guess everything related to technology has always to be updated for the better use of it ! Sometimes the updates are better, sometimes they are not, but they are necessary to close breaches that exist, or to correct things that are slow.  As this is cryptocurrency, it is necessary to close the breaches, make it fast, so it is wise to accept some changes, as long as it doesnt cost us, bitcoin "client" any massive lost.

You may be happy with "fine", but the blocksize limit of 1mb isn't fine.

I want Bitcoin to be "great", "fantastic", "brilliant", - "fine" is lowest common denominator acceptance.

Oh i do agree that we do not need segwit at all. Absolutely useless pile of extra codings for what? To potentially increase the blocksize.

Guess what, i had a nightmare this morning about segwit. It woke me up. The nightmare was about a car manufacturer wanting to make a faster car. A standard car of 1.0L engine is to have a 4.0L engine.

A wise engineer said, "No problem boss, 4.0L is it. A test car will be ready in a week."
Boss replied, "Great."
An idiot engineer trying to impress the boss said, "But boss, instead of building a 4.0L engine, can i suggest 4 * 1.0L engines. The front will have 1 * 1.0L engine the the boot will be enlarged to fit in 3 * 1.0L engine."
Boss looked very puzzled asked, "Why?"
The idiot engineer replied, "Well the buyer can choose whether to drive a normal standard car using only the front engine and another buyer can choose to drive faster using all engines."
Boss looked even more confused replied, "So, a buyer using 1 engine has top pay the extra costs of 3 extra engines and an enlarged boot for nothing?"
The idiot engineer replied, "Well boss, increasing the block size of a 1.0L engine is stupid. It will require the bonnet to be a little be longer to fit in a 4.0L engine."
Boss, even more confused asked, "How long will it take to get a test car ready?"
The idiot engineer replied, "Oh well, erm, perhaps 6 months to 2 years."

The visual nightmare woke me up.