Topic: Bitcoin will die if this is not sorted out - page 3. (Read 503 times)
Its all new so there is bound to be issues. They will figure it out, too much money in it not too.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 
I'm not really worried with that because all coins will solve their scalability problems in a matter of time. We all know how fast technology evolves, so those problems will be over in a relatively short period of time. Also, most users are storing coins and not using them, specially when it comes to bitcoin, that is compared to gold right now. So even now, bitcoin has a use as store of wealth, and it's fees aren't that high if you use it for to transfer large sums of money. Don't forget that the LN will arrive soon in my opinion, and that alone will solve the problems you've mentioned.
My only concern, and it's not a big one really, is how regulation will be done, that is the only threat to bitcoin right now, and is not a big one, since BTC is decentralized and can't really be banned.
Yeah the sooner the LN comes into public use the better and tbh Bitcoin now is becoming less and less decetralized as traders and wallet services are asking for ID, plus its now being controlled by Fiat money because all most all people do is buy it and re-sell it for Fiat money. If people couldnent get Fiat money in exchange for it, it would become worthless so even though no one person controlls Bitcoin it is still being dictated to by Fiat money.
Perhaps though it wouldn't be worthless if the speculation aspect was taken out. I mean Bitcoin was that way for its first few years and people were using it as currency. It has shifted away from that at the moment but I think it will slowly shift back towards what it was intended for which was a new currency and a new system so that banks can't print money whenever. Give it time they will figure out all the issues I am positive about this
. This is the problem. Bitcoin was supposed to be a new way for paying for things and all people want to do is buy and sell them for real money which is what has caused the stuff up with the transactions with every tom dick and harry trying ro make a fast buck With people like myself who are trying to use Bitcoins on websites as a payment method it has totaly stuffed it up for us so we will end up looking at altcoins like Ripple which atm is fairly stable and fast and cheap to use as an everyday buy and sell coin which defeats the whole object of a decetralized sytem. Website owners who are trying to support and use bitcoins will just get fed up and go elsewhere in the end.
Bitcoin cash is probably the best option for you then. Lets face it, if it wasn't for the greedy miners then you'd be using it anyway. Don't understand why people persist in supporting bitcoin and all the fudges they're coming up. Transaction fees are here to stay, without a fork.
Why bother with lightning and segwit. Bitcoin cash works. Just move over. Sorry if you sold your coins or bought the wrong one but hey ho.
I havent sold them
This is the problem. Bitcoin was supposed to be a new way for paying for things and all people want to do is buy and sell them for real money which is what has caused the stuff up with the transactions with every tom dick and harry trying ro make a fast buck With people like myself who are trying to use Bitcoins on websites as a payment method it has totaly stuffed it up for us so we will end up looking at altcoins like Ripple which atm is fairly stable and fast and cheap to use as an everyday buy and sell coin which defeats the whole object of a decetralized sytem. Website owners who are trying to support and use bitcoins will just get fed up and go elsewhere in the end.
Why bother with lightning and segwit. Bitcoin cash works. Just move over. Sorry if you sold your coins or bought the wrong one but hey ho.
If high transaction fees and slow networks bother you, there are plenty of alts which will work for you. Bitcoin Cash and Litecoin are examples of coins where the fees are far lower. Of course, the hashing power backing the network is far lower too. All cryptocoins are not equal and there could be one to satisfy every feature you require.
The whole altcoin thing really confuses me. The Bitcoin Cash (BCash) people are convinced whatever solution they have to the scaling/fees issue is the right one. If it is, why didn't the Bitcoin devs implement it then? Is it true the only reason Bcash and Litecoin don't have the fees/transaction issue Bitcoin has is because no one uses it?
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
I think that it will happen if dumb people like you keep using bitcoin for a while. Bitcoin is not for everyone in here, if you do not know why the fees are so high, then you deserve to use crappy coins of less than 1 satoshi each.
Are you for real lol I was most prob using Bitcoins way before you. I minned them in 2012 and I used them for website payments which unlike you who sells your siggy for a few bitcoins.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
I'm not really worried with that because all coins will solve their scalability problems in a matter of time. We all know how fast technology evolves, so those problems will be over in a relatively short period of time. Also, most users are storing coins and not using them, specially when it comes to bitcoin, that is compared to gold right now. So even now, bitcoin has a use as store of wealth, and it's fees aren't that high if you use it for to transfer large sums of money. Don't forget that the LN will arrive soon in my opinion, and that alone will solve the problems you've mentioned.
My only concern, and it's not a big one really, is how regulation will be done, that is the only threat to bitcoin right now, and is not a big one, since BTC is decentralized and can't really be banned.
Yeah the sooner the LN comes into public use the better and tbh Bitcoin now is becoming less and less decetralized as traders and wallet services are asking for ID, plus its now being controlled by Fiat money because all most all people do is buy it and re-sell it for Fiat money. If people couldnent get Fiat money in exchange for it, it would become worthless so even though no one person controlls Bitcoin it is still being dictated to by Fiat money.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
I think that it will happen if dumb people like you keep using bitcoin for a while. Bitcoin is not for everyone in here, if you do not know why the fees are so high, then you deserve to use crappy coins of less than 1 satoshi each.
The fees are high because of the network congestion, and it everything goes good during the next few months or weeks, the lightning network is going to get approved by the masses.
And it would mean that the fees are drastically going to be zero.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
I'm not really worried with that because all coins will solve their scalability problems in a matter of time. We all know how fast technology evolves, so those problems will be over in a relatively short period of time. Also, most users are storing coins and not using them, specially when it comes to bitcoin, that is compared to gold right now. So even now, bitcoin has a use as store of wealth, and it's fees aren't that high if you use it for to transfer large sums of money. Don't forget that the LN will arrive soon in my opinion, and that alone will solve the problems you've mentioned.
My only concern, and it's not a big one really, is how regulation will be done, that is the only threat to bitcoin right now, and is not a big one, since BTC is decentralized and can't really be banned.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
If high transaction fees and slow networks bother you, there are plenty of alts which will work for you. Bitcoin Cash and Litecoin are examples of coins where the fees are far lower. Of course, the hashing power backing the network is far lower too. All cryptocoins are not equal and there could be one to satisfy every feature you require.
Yeah that is why the altcoins are gaining value all of a sudden. But for people who are trying to use Bitcoin as a currency and not just a pump and dump to get rich quick its getting to the point where it will no longer be a viable cryptocoin to use.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
At the moment it’s only bitcoins that is charging high and outrageous fees because of their block size. Bitcoin Cash is not going through that kind of trouble that’s why people are investing more into it. Bitcoin is the only crypto with that problem currently. 
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
If high transaction fees and slow networks bother you, there are plenty of alts which will work for you. Bitcoin Cash and Litecoin are examples of coins where the fees are far lower. Of course, the hashing power backing the network is far lower too. All cryptocoins are not equal and there could be one to satisfy every feature you require.
As much as he may be bad for crypto John McAfees recent one to one interview on youtube he answers this questions and I tend to agree. Currently there are many people trying to get a cut of the profits, including the miners, once a deal is struck these fees will drastically drop and transaction times will be sorted, we're just in a bad period now and it's best to try leave any BTC where it is and not move it around too much
yes, I agree with you, I think the intention is not dead, but the crypto world will still exist, but the users are few. and this is a result of expensive and slow systems.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
Of course they will, you're right. It's like anything else, bitcoin has built up a lot of good faith and so it can survive off that for a while but if in time nothing changes that good faith will start to dwindle and eventually be worth nothing. Hopefully lightning network can be the solution bitcoin desperately needs.
Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end
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