Bitcoin seems outdated | Bitcointalksearch.org

Bardman

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Quote from: frowsiter on December 01, 2017, 11:46:13 AM

Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Oh come one man that was just temporary period when the transaction were very slow. This kind of slowness will come multiple times in the future because whenever shit coins like BCH will interfere with the blockchain invested, which is not good approach anyway.

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development is dead

No it isn't dead yet, there are so many developments already gong on thats why big entities like futures are now ready to accept the bitcoin in first place. Once such companies starts coming into the market of crypto then bigger developments will take place surely.

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faster blockchain or something like that ?

There is no such thing which is faster than the blockchain. Even the swift technology which is similar to blockchain and used in the traditional banking system are having the problems of faster transaction. The load on the blockchain is enormous and still it is faster. More developments soon as I said in second point.

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BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

LOLZ!

Come on, bitcoin is much much slower than many coins and with far higher fees. Bitcoin is just not well suited as a means of payment which is what it is intended for. Bitcoin replacing gold could work but not as a currency. Obviously many other coins have different purposes, not all of them are competing against each other but I personally think if a real team of professionals wanted to make a crypto better than bitcoin, they could right now.

qiwoman2

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Bitcoin is the DAD of all blockchains and thanks to BTC, blockchain technology has mushroomed and been unleashed now. Yes there will be other blockchain platforms easier to scale, cheaper to make transactions etc but now Bitcoin is primarily a store of value for the Wealthy and big whales and a dream for smaller holders like myself to aspire to.

frowsiter

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Oh come one man that was just temporary period when the transaction were very slow. This kind of slowness will come multiple times in the future because whenever shit coins like BCH will interfere with the blockchain invested, which is not good approach anyway.

Quote

development is dead

No it isn't dead yet, there are so many developments already gong on thats why big entities like futures are now ready to accept the bitcoin in first place. Once such companies starts coming into the market of crypto then bigger developments will take place surely.

Quote

faster blockchain or something like that ?

There is no such thing which is faster than the blockchain. Even the swift technology which is similar to blockchain and used in the traditional banking system are having the problems of faster transaction. The load on the blockchain is enormous and still it is faster. More developments soon as I said in second point.

Quote

BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

LOLZ!

Bardman

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Quote from: littlewizard on November 26, 2017, 06:24:36 PM

The reason bitcoin has its current position is because it is the first, and all the other coins are its followers.
We can say it is slow now, but it is the most safe and also the most adopted cryptocurrency.
Don't worry about the slowness, people are still working on it and in the future it will be lightening fast.

It will be the least adopted soon enough. No one wants to make transactions with bitcoins right now, fees are way too high, price way too volatile and technology outdated compared to other coins. It's only where it is because 99% of ''investors'' in bitcoin are only looking to get rich fast.

jabfly

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First of all, this is already an anticipated reaction because bitcoin is the first cryptocurrency. But, it is never outdated, it just keeps getting stronger and always in demand within its community.

katiecbell

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Quote from: jakezyrus on November 26, 2017, 02:16:51 AM

Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

well that really depends, bitcoin is not slow if you put sufficient amount fees for the transaction and infact it can go verry fast and instant , if you put a verry high fee or above the recomended transaction fee. upgrades occur when theres a fork or segwit available and i dont think that it is outdated because we oftenly see them every month and sometimes twice a month.

The real problem is that many people make transactions in Bitcoin due to which it becomes difficult for miners to tackle with all of them at one time. Obviously this is impossible to transfer every Bitcoin at the same time. When there is a traffic increase, those transactions that pay extra fee are served first.

This also makes sense. If Bitcoin was outdated, it wouldn't have been making the present progress. By the way, I heard that transactions have been improved over the last few months.

littlewizard

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The reason bitcoin has its current position is because it is the first, and all the other coins are its followers.
We can say it is slow now, but it is the most safe and also the most adopted cryptocurrency.
Don't worry about the slowness, people are still working on it and in the future it will be lightening fast.

filharvey

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Just because bitcoin already has its unique features and does not need any upgrade.Bitcoin is a decentralized currency and it does not has any authorizing body to control it.It was the design created by satoshi.It is not just like an altcoin having a small marketcap which is mostly controlled by devs and they could easily change anything as they wish and there is no need for reaching concensus.Just change rule even daily.But bitcoin is not like that.For any change in rule,concensus has to be achieved.

a.denis1

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Because who win in IT is not the "best" , it is not the most powerful it is not the most full of features ...
Who win is the SIMPLEST the minimum required to work that was bitcoin .

Do you want to build a new coin ? Build a simple coin with only one function send-coin indestructible if possible in 1000 lines of programming code everything else don't care.

Wink

Bardman

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Quote from: AmXProX on November 25, 2017, 07:35:47 PM

Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ?

Reason why people are saying that bitcoin has a high fee is because you are converting it to your fiat currency. Try looking at the transaction fee as satoshi and it is still the same. $10 in transaction fees before will surely increase today because the price of the coin already increased but nothing is wrong with that. Transaction fees are being computed on how the coin was created but not on how it is converted into fiat.

Quote from: Bardman on November 24, 2017, 08:35:41 PM

It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.

You are contradicting your statement how will it be overvalued if you want it to be a currency. For bitcoin to be used as a currency you should be able to use it to do purchases same as fiat and for it to do that bitcoin should have an enormous price millions of dollar per piece. When do you want the price to increase when people are already using it as a currency? That is impossible because bitcoin can't be introduced in an instant with a high price.

No it doesn't need to have a ''high price'' because price shouldn't be determined by dollars. If you buy something with euros, a coffee, for example, you don't care how much the eur/dollar ratio is, you care how much the coffee costs in euros. It should be the same with bitcoin. Since bitcoin is divisible, it doesn't matter that the total cap is low. That's the only way for cryptos to be used as real currencies, only when the price of it doesn't matter, only when people actually care about the cryptocurrency itself rather than the price.

BrewMaster

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts.

you are comparing bitcoin with these alts on an uneven ground.

on one hand you have bitcoin, a payment system that has been working fine without any downtime, any fraud like 51% attacks, wipe outs, bugs in the code, in the main/official wallets, protocol,... and this system has been handing a HUGE amount of money in lots of transactions every day without a single issue, except non-issues such as higher fees.

one the other hand you have altcoins which aren't really being used. have empty blocks and had lots of embarrassing moments. exploits in the protocol, easy 51% attacks and wipe outs, serious bugs even security related, and lots more.
for instance if you start using ethereum and want to sync with the network, you can NOT. you have to use a web wallet these days or a non-full mode. and there has already been multiple exploits and hacks and even failure!

jseverson

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It could be considered as such. It's pretty much common knowledge that on purely technological terms, some altcoins are far ahead.

Altcoins have to be far ahead though, otherwise people won't even look at them. You also have to consider the fact that Bitcoin is the oldest cryptocurrency. Every other coin is based off of it, and it's only natural people would want to seek improvements if they want to offshoot someone else's work. But yeah, the community is always looking for ways to implement improvements while making sure Bitcoin remains Bitcoin. I'm sure things will get better as we go.

athanz88

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?
BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Slow is kinda relative word, and so are high too. I dont know about you guys, but fees is important for the miner. You want a system that is fast and cheap? Go build your own and see how much money you spend on to make the system. For me, as long as the fees is acceptable, im happy and content with it.
Maybe because bitcoin is always at the top, so the development always got delayed, because they are already comfortable with the system, and i agree with you that bitcoin needs an improvement, but we need to keep in mind that People didnt build Rome in 1 day, so we need to be patience. I believe it will be updated soon than we think.

soljal543

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Bitcoin surpass altcoins. It has proved itself in price increasement even though there was no fork

tikaka

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I do not think so. Bitcoin has existed for a long time but it has not been forgotten. Value continues to increase. Many people are trying to get it. Many traditional payment methods have been replaced by bitcoin payments quite interesting.

wonderchaff

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Quote from: Indrawan77 on November 25, 2017, 08:23:27 PM

I will agree if tou say outdated, and there are many flaws in bitcoin, but that is acceptable for me, and the market is still dominated by bitcoin and the fame of bitcoin still very big, if you are talking about using the fork coin then I completely disagree with you, for me those "upgraded" coin like bch, btg, bcd is a joke for me, the coin is not better than bitcoin

I am not talking about using alts ! I am talking about theirs blockchain technology ... for me is btc king of crypto but i am trying to say that we need some upgrade of king cuz for small transactions is not good to use ... Just image btc with all the new technology it would be awesome . I don't defame bitcoin ! Whole my portfolio consist of 90% btc and 10% eth .... So if someone will trying to tell me that i am for alts and scold on bitcoin just read the fucking whole discussion !!!!

wonderchaff

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Quote from: ToTheMoon$ on November 25, 2017, 07:36:20 PM

Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

Outdated ? Lol. looks like you'r new in crypto world bro.

can you read ? i said against other alts and theirs blockchains technology ...

Xabad

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

These things was already already accepted by bitcoin users. Bitcoin will always be bitcoin and no other coin can go beyond it. People who are getting into crypto currency are investing because of bitcoin they know that investing is already a gamble why would they invest to a less reliable coin?

zenrol28

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

How about stability? Is there any altcoin that can surpass bitcoin's stability? I think the devs are taking it slowly but surely. Yes, altcoins can give you more advantage than using bitcoin atm. Why? Because they need to be ahead than bitcoin. But still in spite of being ahead to bitcoin, they still can't overthrown it. Because of a strong foundation the creator of bitcoin made.

jakezyrus

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Quote from: wonderchaff on November 24, 2017, 03:45:43 PM

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

well that really depends, bitcoin is not slow if you put sufficient amount fees for the transaction and infact it can go verry fast and instant , if you put a verry high fee or above the recomended transaction fee. upgrades occur when theres a fork or segwit available and i dont think that it is outdated because we oftenly see them every month and sometimes twice a month.

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