Topic: Bitcoin seems outdated - page 2. (Read 1183 times)
Although there are many counterfeit currency in technology seems to be more than the COINS, but can not be ignored is that all countries only recognise the value of the currency, and these fake money, any country can easily go beyond him.
I also think that bitkoyn now looks obsolete, it is not updated and has not been improving for a long time and this is an indisputable fact. Because of this, almost every month there are his clones with advertised improvements, which have long been to be in the original bitcoin. It seems that someone is profitable this situation.
I will agree if tou say outdated, and there are many flaws in bitcoin, but that is acceptable for me, and the market is still dominated by bitcoin and the fame of bitcoin still very big, if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
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 When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts.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 ?
Is anyone seriously using altcoins? Did you ever see "Waves accepted here" sign? Have you seen any successful use for tokens, smart contracts and whatever other stuff they claim to have in their whitepapers? Because so far the most successful use for altcoins was ICO scam and pump and dump schemes - no one actually accepts them as money, unlike Bitcoin. And Bitcoin wouldn't reach current price if developers were introducing buggy, half working and highly experimental code - because when it comes to money and assets, people want stability first - no one wants to lose their value due to bugs, hacks and failures of developers, as well as outright scams.
It seems outdated, but it's still ruling the Crypto-Currency world... (And it's almost hiting $9000).
You can think it's outdated, but the reality shows the opposite in numbers. People are complaining all day long about Bitcoin and trying to promote their favorite Crypto-Currencies, but most investors still prefer Bitcoin.
You can think it's outdated, but the reality shows the opposite in numbers. People are complaining all day long about Bitcoin and trying to promote their favorite Crypto-Currencies, but most investors still prefer Bitcoin.
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.
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.
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.
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.
I do not think it's outdated
At present it is increasing value, reaching a record number
But its trading today is quite high, which is also its drawback.
At present it is increasing value, reaching a record number
But its trading today is quite high, which is also its drawback.
Bitcoin will be the king at least in 10 upcoming years, I don't believe that there is any coin for now will beat bitcoin nearly, so the best option now is investing in bitcoin, and if the OP really hate the bitcoin, he should go for bitcoin cash, It's a good option for him.
I think it's perfectly understandable for a relative newcomer to wonder about these things.
I agree with this, with all the technology you see present at altcoins it's kind of logical to think about this.
Bitcoin is slow because it has to be. It cannot go up unstoppable because then the price would go to 1 million. I think that in close future there is going to be a crash in the price because it went up to much and that is not always good.
It is not that easy to update bitcoin. You need a team that have knowledge about these days technology and also that team has to be paid. I dont think the original creators of bitcoin would implicate anymore in bitcoin or maybe they will do but not public.
So bitcoin needs someone to update it. Who do you think is going to spend hundreds of hours of work to create updates for it and all for free?
It is not that easy to update bitcoin. You need a team that have knowledge about these days technology and also that team has to be paid. I dont think the original creators of bitcoin would implicate anymore in bitcoin or maybe they will do but not public.
So bitcoin needs someone to update it. Who do you think is going to spend hundreds of hours of work to create updates for it and all for free?
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 ?
Amen! we dont have a ton of innovation as of late, at least in the way it seems when I first joined the board. perhaps everything was all new then. but we spent the time forking all over the place, instead of advancing forward with developing the protocol. eth clearly seems superior to bitcoin at this point, and I hate to say that. didnt ltc get segwit hella early? and with all our capitalization, the politics of bitcoin is what is stopping up. despite the superior interest in eth, bitcoin is still the more developed sphere, hanging on by a thread. we are going to get out capped and out adopted unless we make some bold advancements, and soon.
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 ?
For me it is not a big problem, by paying more expensive fees we can transact quickly. Yes, bitcoin is outdated when compared to new alts, but bitcoin will still have a lot of interest and I guess bitcoin will not die and not be abandoned by its users. With a hard fork and then appears BCH, BTG, BCD. I think the future bitcoin will be upgraded also to still be able to compete with other new altcoins. Quote
Do you really think that bitcoin is a dead project? Waves is a dead project, i dont even know why are you mentioning them, because their devs are retarded as hell, they are always saying pure speculations but the price has not been increasing for more than three months.
i didn't say "btc is dead project" ... i said it seems like is outdated ... Price ? look at theirs blockchains not price ...
You're right about it, the latest upgrade of bitcoin is segwit inplementation but most exchanges and wallet developers don't apply it yet.
Nobody want to pay high fees and still have to wait for a long time to get it confirmed.
Look at current mempool, seems flooded with too much transactions, blockchain can't afford all of it, maybe due to hashrate switch to bcash or another reason. So, in this case, just waiting for bitcoin get an upgrade again, or using an altcoins to transact.
Bitcoin may seem outdated but you have take into account that Bitcoin was the first cryptocurrency and still many people use it. It is difficult to upgrade something in the way which would be accepted by everyone. Bitcoin is the base of all cryptocurrencies. If it failed, there would be a lot of mess in crypto-world. We can't let it happen.
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You are saying that you use bitcoin to send regular payments, but then why dont you try to use another altcoin in order to make those micro payments?
You can send money with ethereum, it is the 2nd biggest altcoin that has been created, and you are always going to be paying $0,25 worth of eth for all the transactions that you make, doesnt matter how big they are, or how much are they worth.
I have been using eth for a long time to send those kind of payments who are less than $100, and i have never had any problems with this coin, and it has increased a lot during this year too.
You can send money with ethereum, it is the 2nd biggest altcoin that has been created, and you are always going to be paying $0,25 worth of eth for all the transactions that you make, doesnt matter how big they are, or how much are they worth.
I have been using eth for a long time to send those kind of payments who are less than $100, and i have never had any problems with this coin, and it has increased a lot during this year too.
Lol priceless, maybe he just wanted to say he is no longer happy with bitcoin. Now i do agree they need to work on getting fees lowered and of course find a way to speed up transactions WITHOUT the need of a hard fork coin trying to take over or cause chaos for bitcoin.
No, if you think like this there are updates in the system every time needed making it up to date. I know the main issue which creates difficulty for new user it its transaction fees. But if you compare this transaction fees with other service provider for global usage than you will definitely love Bitcoin more. according to me Bitcoin has more capability across the global users than local users as for them transaction fees can be an issue to deal with.
what you're saying is partially true. of course i do believe technology improves and btc core has to keep up with latest technology hence there's this thing called lightning network for example which could potentially solve these issues.
btc has to keep improving itself indeed to stay relevant and we have to support btc as well
btc has to keep improving itself indeed to stay relevant and we have to support btc as well
The technology is not dated, however the currency itself was not planned well enough. We're at the limits and it's what causes the expensive and long TX times.
Honestly, for someone using Bitcoin for daily expenses and normal purchases it is becoming impractical due to high fees and the long time a transaction can take to get confirmed.
On the other hand, holders and investors are satisfied with the increase of bitcoin value.
I think there will be a fork in the near future that will fix this issues otherwise people will no longer use bitcoin as a payment method.
On the other hand, holders and investors are satisfied with the increase of bitcoin value.
I think there will be a fork in the near future that will fix this issues otherwise people will no longer use bitcoin as a payment method.
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