Bitcoins: missing the real revolution

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: gsingh on January 14, 2014, 06:58:52 AM

Very good read, one of rare articles on bitcoin!

http://www.thehindu.com/opinion/op-ed/bitcoins-missing-the-real-revolution/article5535348.ece

Take note though that the article was written in 2014 and updated in 2016.

https://www.thehindu.com/opinion/op-ed/bitcoins-missing-the-real-revolution/article5535348.ece

Quote

The strength of cryptocurrencies like bitcoins has little to do with its monetary potential and more to do with its technical potential

So a lot has changed already. And I'm not really sure what technical potential the author is talking about, perhaps scalability issue is not yet a problem. I guess during that time he wasn't aware or probably Lightning Network is not yet functional. And now bitcoin has become more of a speculative asset or monetary potential as what he describes.

icaica22

newbie

Activity: 163

Merit: 0

Not because bitcoin can't handle large amounts of transactions without paying a large amount of current transaction costs, it doesn't automatically mean it's completely failed. Bitcoin will continue to be developed and will develop positively over time. I see Bitcoin in this way and I believe the increase in irregularities will be done soon.

Irvinn

full member

Activity: 966

Merit: 104

Quote from: ?? on ??

Now Bitcoin is just a digital asset since it has failed as a digital currency.

expedia.com removed bitcoin as payment option.

Such low bandwidth - seven transactions per second is not present now in any coin or token. Therefore, as a payment system bitcoin is no good. If he does not improve, it is rather difficult to say what will happen to him further.
The use of bitcoin as a means of accumulating the value of a good future for him will not bring, without using the normal capabilities of the payment system, all this digital gold in one day can turn into dust, or rather, there will be no dust, only memories will be.

First77

member

Activity: 266

Merit: 32

Quote from: Mofazzal840 on August 18, 2018, 09:40:48 AM

At present bitcoin transection is very cost at the moment, it doesn't automatically mean. it has completely failed already. Bitcoin will continue to be developed in the world. Technology will move forward whether you like it or not. Wink

"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi [bitcoin creator]

Mofazzal840

newbie

Activity: 105

Merit: 0

At present bitcoin transection is very cost at the moment, it doesn't automatically mean. it has completely failed already. Bitcoin will continue to be developed in the world. Technology will move forward whether you like it or not. Wink

Sandus_Cryptolover

jr. member

Activity: 482

Merit: 3

You are absolutely right. For any tehnokogy to serve and survive the test of time, it's a must for constant development and improvement from it's creation to what it should be able to handle currently. I see Bitcoin in such way and I believe improvement in the lapses will be done soon.

Quote from: mk4 on August 18, 2018, 09:30:07 AM

Quote from: ?? on ??

Now Bitcoin is just a digital asset since it has failed as a digital currency.

expedia.com removed bitcoin as payment option.

Not because bitcoin couldn't handle a high amount of transactions without paying a significant amount of transaction fees at the moment, it doesn't automatically mean it has completely failed already. Bitcoin will continue to be developed and will evolve positively as time goes by. Technology will move forward whether you like it or not.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: ?? on ??

Now Bitcoin is just a digital asset since it has failed as a digital currency.

expedia.com removed bitcoin as payment option.

Not because bitcoin couldn't handle a high amount of transactions without paying a significant amount of transaction fees at the moment, it doesn't automatically mean it has completely failed already. Bitcoin will continue to be developed and will evolve positively as time goes by. Technology will move forward whether you like it or not.

gsingh

member

Activity: 146

Merit: 10

Very good read, one of rare articles on bitcoin!

http://www.thehindu.com/opinion/op-ed/bitcoins-missing-the-real-revolution/article5535348.ece

Topic: Bitcoins: missing the real revolution (Read 754 times)