Bitcoin: So successful it needs to be changed?

Casabrandy

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Quote from: harizen on August 31, 2017, 02:19:22 PM

Quote from: Bitcoin.Optimist on August 30, 2017, 10:23:26 PM

https://medium.com/@bitcoinoptimist/bitcoin-so-successful-it-needs-to-be-changed-6cd8bac4d90d

The progress is on going and surely people behind bitcoin already have some plans to be implemented in the future. Let's just watch how it will grow and see the progress slowly while the trend is growing. As long as the community shows continue support for this crypto, further developments will surely take placed as the best thing to have for crypto to become more successful is the community itself.

Anyways you catch some nice numbers of visitors in your article.

Bitcoin still have lots of future it has a continues progress that can have more developments for its broad access. Bitcoin can help us a lo more in future.

harizen

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Quote from: Bitcoin.Optimist on August 30, 2017, 10:23:26 PM

https://medium.com/@bitcoinoptimist/bitcoin-so-successful-it-needs-to-be-changed-6cd8bac4d90d

The progress is on going and surely people behind bitcoin already have some plans to be implemented in the future. Let's just watch how it will grow and see the progress slowly while the trend is growing. As long as the community shows continue support for this crypto, further developments will surely take placed as the best thing to have for crypto to become more successful is the community itself.

Anyways you catch some nice numbers of visitors in your article.

wuvdoll

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Quote from: crismass1225 on August 31, 2017, 02:14:36 AM

as far as i understand bitcoin became more popular and it have many users around the world, if we want bitcoin to be adopted by everyone in this world, bitcoin will need to take upgrade and innovations. It will happen time to time as this will be the pre-requisite of our world and every things, if it not be change so upgrade it. In ths manner bitcoin will survive. as every developer still searching for its solution very hard WE bitcoiner have different side about it we dont have a centralize system so there no good or bad about it.

There must be some amendments and improvements in bitcoins to keep interest of people. It has already been working on the transaction fee and speed but if we give a second thought, what improvements other than mentioned can be made.
Bitcoins is already giving everything. Can you tell what kind of change you want to see in BTCs ?

crismass1225

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as far as i understand bitcoin became more popular and it have many users around the world, if we want bitcoin to be adopted by everyone in this world, bitcoin will need to take upgrade and innovations. It will happen time to time as this will be the pre-requisite of our world and every things, if it not be change so upgrade it. In ths manner bitcoin will survive. as every developer still searching for its solution very hard WE bitcoiner have different side about it we dont have a centralize system so there no good or bad about it.

TagaMungkahi

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Need is surely needed in Bitcoin, it needs to be changes in terms of the transaction speeds, future upgrades and specially the main concern of bitcoin users is the high transaction fee, change is inevitable but we must always hope that those changes will lead bitcoin to better state.

mackenzied

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Quote from: Sithara007 on August 30, 2017, 10:55:51 PM

If Bitcoin want to survive in the long term future, then it needs to adapt with the changing times. For example, Satoshi failed to predict that so many people would use Bitcoin. That's the reason why he limited the block size at 1 MB. But as we can see, Bitcoin will not survive for long if we stick to this limit.

We need to change the limits, however, we need to find the best solution, experts always work on that. However, they still can not offer the best solution to be recognized by everyone.

Kakmakr

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OP, What you are missing is the following : We want Bitcoin to reach it's full potential and that is exactly why we are fighting. We have differences in the way people want to scale and that is why we are fighting. The good side of all of this is, we do not have a central authority making all the decisions. < good or bad >

People can debate, fight, brain storm ideas and this is beneficial for the whole open consensus mechanism. Everyone is given the opportunity to improve this experiment.

SHOTTI

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Quote from: TheGodson on August 31, 2017, 12:34:01 AM

I don't understand enough about the technology to know what specifically needs to be done to Bitcoin to keep it going, but it for sure needs to change. The guy in the article was saying that the Bitcoin developers need to try harder and that those who want to change it lack vision. However, he doesn't offer a solution. Sometimes things need to change when you can't accomplish your goals with the own rules you've made. In this case, you have either two options. Lower your goals or change the rules.

Bitcoin transactions are too slow and expensive this definitely needs to change if Bitcoin is to survive.

At this time there aren't very many real-world uses for Bitcoin. It is great for online gambling and certain payment types to multiple people (signature campaigns).

More and more business are accepting bitcoin payments too ya know. Even car dealerships.

Juggy777

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Quote from: Bitcoin.Optimist on August 30, 2017, 10:23:26 PM

https://medium.com/@bitcoinoptimist/bitcoin-so-successful-it-needs-to-be-changed-6cd8bac4d90d

Nice way to promote your own link and get some free traffic in the way. Look every one has different and mixed opinions of Bitcoins, but for a rare chance consensus was reached and that's what changed the Bitcoin for ever my friend. Yes there were lots of news, but I believe that it was all paid news and more or less work of centralized institutions. I feel we should go with the flow and let's it continue as it is. I am really happy with the way it is.

TheGodson

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I don't understand enough about the technology to know what specifically needs to be done to Bitcoin to keep it going, but it for sure needs to change. The guy in the article was saying that the Bitcoin developers need to try harder and that those who want to change it lack vision. However, he doesn't offer a solution. Sometimes things need to change when you can't accomplish your goals with the own rules you've made. In this case, you have either two options. Lower your goals or change the rules.

Bitcoin transactions are too slow and expensive this definitely needs to change if Bitcoin is to survive.

At this time there aren't very many real-world uses for Bitcoin. It is great for online gambling and certain payment types to multiple people (signature campaigns).

pikebu

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Quote from: winderx on August 30, 2017, 11:10:35 PM

i dont agree with the change. It has proven its concept works, why change something that has been working for so many years

In my personal opinions bitcoins needs to be changed with hard fork due to bitcoins has scaling issues and almost all of digital coins has it is issues and it must be fixed if the comunity of bitcoins want bitcoins be adopted by all of the people around the world or bitcoins to be currency, this change must be done for bitcoins to be better in the future.

chesegrinder

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bitcoin is now getting popular by now, even satoshi dont really know that bitcoin will come up to this level of popularity and users thats why he limit its block size to 1 MB. but as the time goes by the increase of demand to bitcoin is rapidly fast. thats why bitcoin need to upgrade as the time needed it. and we bitcoiner are the new revolutionary generator of the world that can cope-up in any changes and innovation that bitcoin will take. IMO bitcoin is very successful right thats why we dont need to stick on it and the rapid change is one cause of it. all hail bitcoiner!

Singbatak

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It was only august we saw a big change. Due to the downturn of Bitcoins and can not stop it. Today's coming back to Hardfork again in the future. 2. Now we know what's going to happen we should not worry about it. We should still be happy because the price is increasing

Janation

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Quote from: Sithara007 on August 30, 2017, 11:25:14 PM

Quote from: Janation on August 30, 2017, 11:08:13 PM

Quote from: Sithara007 on August 30, 2017, 10:55:51 PM

If Bitcoin want to survive in the long term future, then it needs to adapt with the changing times. For example, Satoshi failed to predict that so many people would use Bitcoin. That's the reason why he limited the block size at 1 MB. But as we can see, Bitcoin will not survive for long if we stick to this limit.

Satoshi didn't predict any future users. He said that either there will be a lot of transactions in the future or there will be none. We can say that he either predicted a lot of users or did not, still, he left bitcoin. But yeah, bitcoin cannot be left not tweaked for the following changes and with a lot of incoming and future users. Keep the BIPs coming, let people keep talking to make bitcoin good.

Hmm.. Yeah... I remember reading it somewhere. So he was confident about his invention. But then I am surprised as to why he kept the block size at 1 MB. For example, VISA/MASTER processes more than 2,000 transactions every second. If Satoshi wanted Bitcoin to challenge VISA, then he should have found a way to accommodate large number of transactions.

Mayve that time the users are still small and the problem do not lie on the transactions. Now that the users are alot more than the past users, this is the main problem now. If we take Bitcoin Cash as a reference, we can say that the vision of Satoshi Nakamoto includes a lot of users with a good transactions.

iamTom123

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Quote from: Janation on August 30, 2017, 10:48:41 PM

Quote from: Bitcoin.Optimist on August 30, 2017, 10:23:26 PM

https://medium.com/@bitcoinoptimist/bitcoin-so-successful-it-needs-to-be-changed-6cd8bac4d90d

Many people are being nervous everytime they heard the word fork, but for me it is a good sound. Bitcoin is being popular as the time passes and many more people are using it. It is really necessary to make some changes so bitcoin can take all of those users. The reason there are BIPs is because of this. Bitcoin is like a brain, there is still a lot of upgrade we just don't know how and when it will be upgrading we just need to try and try again.

Bitcoin has to be upgraded because of the increasing demand for it in terms of transactions. At the present, clogging can still be possible to happen anytime because its capacity is not enough anymore. Bitcoin is now slowly reaching the mainstream population.

Of course, Bitcoin has to be proactive too by thinking ahead of the future as it can not just sit idly and be a victim of its own success. In business, there had been a lot of firms that eventually faded because they were not able to handle the expected pressures of being successful...Bitcoin has to make sure that it will not happen to it otherwise it would be a laughingstock of the whole world.

Fork is just an upgrade actually and we should not be afraid of that as it means that a better and more accommodating Bitcoin can be possible to emerge. Now, the only thing is that in Bitcoin a hard fork can also result into a split when some miners would not go along with the decision and action of the majority...in this case there would be a new coin just like what happened with BitcoinCash (BCH).

Now, if there would be a contentious fork that means that we Bitcoin holders would be given new free coins...and that can be exciting, actually. Who would not want some free money, right?

Sithara007

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Quote from: Janation on August 30, 2017, 11:08:13 PM

Quote from: Sithara007 on August 30, 2017, 10:55:51 PM

If Bitcoin want to survive in the long term future, then it needs to adapt with the changing times. For example, Satoshi failed to predict that so many people would use Bitcoin. That's the reason why he limited the block size at 1 MB. But as we can see, Bitcoin will not survive for long if we stick to this limit.

Satoshi didn't predict any future users. He said that either there will be a lot of transactions in the future or there will be none. We can say that he either predicted a lot of users or did not, still, he left bitcoin. But yeah, bitcoin cannot be left not tweaked for the following changes and with a lot of incoming and future users. Keep the BIPs coming, let people keep talking to make bitcoin good.

Hmm.. Yeah... I remember reading it somewhere. So he was confident about his invention. But then I am surprised as to why he kept the block size at 1 MB. For example, VISA/MASTER processes more than 2,000 transactions every second. If Satoshi wanted Bitcoin to challenge VISA, then he should have found a way to accommodate large number of transactions.

Schuyler

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As the saying goes, the only thing permanent in this world is change. And bitcoin is not immune to it. Clearly there’s a need to make some changes to accommodate the growing number of transactions that need to be processed. And it should be able to handle both small and big transactions at lesser cost to the users for it to be deemed as a better alternative for doing transactions.

winderx

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i dont agree with the change. It has proven its concept works, why change something that has been working for so many years

jakezyrus

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Quote from: Bitcoin.Optimist on August 30, 2017, 10:23:26 PM

https://medium.com/@bitcoinoptimist/bitcoin-so-successful-it-needs-to-be-changed-6cd8bac4d90d

bitcoin is perfect and doesnt need to be change the way it was but the transaction fee needs to be change because the transaction fees seems to be much high and higher everyday as the bitcoin value increases and miners are taking advantage of it. fees is the number one issue on our bitcoin ecosystem today, hopping that they fix this problem as soon as possible.

Janation

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Quote from: Sithara007 on August 30, 2017, 10:55:51 PM

If Bitcoin want to survive in the long term future, then it needs to adapt with the changing times. For example, Satoshi failed to predict that so many people would use Bitcoin. That's the reason why he limited the block size at 1 MB. But as we can see, Bitcoin will not survive for long if we stick to this limit.

Satoshi didn't predict any future users. He said that either there will be a lot of transactions in the future or there will be none. We can say that he either predicted a lot of users or did not, still, he left bitcoin. But yeah, bitcoin cannot be left not tweaked for the following changes and with a lot of incoming and future users. Keep the BIPs coming, let people keep talking to make bitcoin good.

Topic: Bitcoin: So successful it needs to be changed? (Read 582 times)