Topic: Bitcoin. Time is running out - page 2. (Read 631 times)

Yes, transaction speed in bitcoin really need to developing more. it is because the blocktime of bitcoin is long.
once the transaction speed is increasing, bitcoin will be the best cryptocurrency coin ever.

We've already experienced some kind of transaction. They already have bitcoin to fiat, bnb to fiat, eth to fiat being bitcoin. Bitcoin will be similar to another coin or some altcoin that is already in bitcoin in some way is still very valuable and I say we replace bitcoin still has value in the crypto world so we always think and it can still be profitable for those who have the coins.

The existence of an object or thing must have meaning, then this object or thing will be appreciated.
Now bitcoin is needed in order to buy altcoins. Dollars <-> BTC <-> Altcoin. While this chain is exist bitcoin is in safety. But more and more exchanges will introduce trade to the dollar ... Do you understand the idea? Nothing will be forever

I quite agree with your opinions.
Bitcoin is the first cryptocurrency that created. But if bitcoin not developing some new features to improve its speed
or performance, i believe many altcoins such as Ethereum etc will have more users than bitcoin.

Bitcoin will always be the king of the kingdom no matter how great the new coins is and it will be.
 The bitcoin will always be the first choice of every person. It will always be.

In truth, there is another undervalued coin with a lot of potential. It's Waves. Already, it is technologically better than Etherium, but the promotion and marketing of this coin simply kills all its advantages. Now, even no one knows what this coin is.

This could be true, a lot of other cryptocurrencies are coming up right behind bitcoin and until bitcoin sorts out some of it's issues, these cryptocurrencies will keep catching u. The problem with the fee doesn't help matters much either.

There is nothing to sort out. it is a perfect decentralized crypto-currency. unbanked people in third world countries don't need Bitcoin. they have access to hardware AFAIK so they could mine alt-coins and sell them on the same exchanges supporting Bitcoin.


Can you charge even that $0.001 fee per transaction on people using Ripple? let me think now. you could charge $55 fee per transaction on people using Bitcoin. can you generate Ripple with any hardware?

When bitcoin sorts out its scaling issues and start running smart contracts on Rootstock it will give eth competition. Assuming it all work of course 

I suppose, tomahawk9 means that Ripple looks like US Dollar. The system is centralized, the emission is unlimited, the printing press is in one hand, the main participants and investors are the banking system. It goes against the fundamentals of cryptocurrencies

Do these bankers charge fees and interest on money by any chance  ?

Clearly you have not seen this network map https://lnmainnet.gaben.win/
or even taken the time to read the lightning network white paper yet that you can read here
https://lightning.network/lightning-network-paper.pdf

Open the document and search for the term "Saving account" and "Spending Account" if you don't understand the
technical side of the document or just do a word count on the word "Fee"

Ripple is not being pumped up using counterfeit money like the USDT  

Let me think now $55 peeks fees or using Ripple and paying $0.001 per transactions

 

The question is do you like walking down to the train station whilst waiting for transaction to complete and then
sitting on 3rd class seats ("Of-Block" Lightning) or do you want to pay $20 in fees to go first class on the steam train when you can
now but cars with electrical or petrol engines.

3rd class means sitting with beggars and thieves who are unemployed miners that mugged you last week and said it was a transactions fee

ETH - has scaling issues aswell, but yes, it can outstrip bitcoin by market cap (not like anyone cares about market cap except for crypto newcomers)

Ripple - centralized bankers shitcoin that goes against the fundamentals of cryptocurrencies and what they're based on. Obviously, Ripple has a high chance of getting the #1 spot by capitalization, but not because investors are interested in Ripple, but because the circulating supply represents 40% of the total supply, so if the team behind Ripple decides to release 20m XRP from the total supply, its market cap will instantly go up without needing the help of investors.

Stellar - a project with potential that is playing the long game, the main problem is the unreleased supply, it's worth mentioning that Stellar devs own 80% XLM, so if the devs decide to release all those lumens little by little into the market, it can become a serious issue for investors. It can go above Bitcoin by capitalization, then again, does it matter?

"Time is running out"? this sounds completely biased, I can say the same thing about time running out for altcoins because Bitcoin is going to implement lightning network, and SegWit widespread adoption will reach its peak, which is going to make Bitcoin bulldoze every altcoin in the market.

I'm all with you that bitcoins time is running out. And I do think that Ethereum will become king soon too BUT Ripple and Stellar? WTF? ^^

I think the mistake of thinking that the capitalization of the coin is an indicator of its value. Even if capitalization Ethereum compares to the market capitalization of bitcoin between them will be the abyss. Bitcoin was and will remain an asset for safe storage and movement of big capital. It will always be in demand. Bitcoin is the cryptocurrency elite.

Just wait until lightning networks launch! For sure all of your speculations about bitcoin will change. The problem of slow process at high transaction cost will be solved. Wait until the time of bitcoin will awake because all of our sudden fear of its downfall will change.

I'm coming to the conclusion that slow transaction times are actually good for Bitcoin. Bitcoin wasn't designed to be a high use micro-payment system, whatever the white papers and other comments might say. The 21 million coin cap, and the 10 minute block generation average will prevent massive adoption for everyday payments. However, Bitcoin is great as a store of wealth, and a payment service for digital assets. It is also a good way to make consolidated payments of affiliate bonuses and rewards.

The addition of more options associated with signatures can only help to improve this. I believe that we will see a rocky ride for a while whilst Bitcoin matures into the crypto gold standard, but the long term trend for its value can only be upwards.

In what you are saying we see how when bitcoin takes a fall in value it has a domino affect to other crypto currencies. There are many currencies that do better in regards to transactions and if something was to completely overtake bitcoin it would have to be a slow process or everything else would crumble.

There are many worthy cryptocurrencies, but Bitcoin is like a basis on which the whole  cryptoworld stands. If we will try replace BTC by something else - we risk losing the balance of cryptocurrency, nobody wants that.

Actually we already experience all kinds of transaction like in binance they already have btc to fiat,bnb to fiat,eth to fiat so even btc will be similar to other coins or some altcoins ahead already in btc at some way still it's valuable,I say even we replace btc still it's have already value in crypto world so always think that and it's still profitable.