Can Bitcoin become the best technology ? - page 3.

amand0

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Quote from: evok3d on August 04, 2015, 01:41:26 PM

We most definitely do not live in a world where the best technology leads the market. if that was the case, the world would be a much better place with highly efficient machinery and systems that would reduce costs and increase the lifespan of our material world. If that was the case, Bitcoin would have replaced Visa/PayPal/MasterCard and a lot of other businesses already. Though this is not the case. We live in a world where adoption and marketing leads the way and politicians and the media who can be bribed dictate rules on who can progress and who cannot.

Sir, Your reply is legit and wise thank you .

Pk880058

sr. member

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Quote from: HeroCat on August 05, 2015, 08:35:28 AM

Bitcoin can be one of best technologies, if transfer times will be aeound not more than 2 minutes Wink

hey transfer or transaction time is instant but the major problem is in the confirmation time.

Falconer

legendary

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I think bitcoin is a cryptocurrency, same with fiat as a currency. The technology is its transaction and value systems, or we can say it as blockchain. With improved technology, bitcoin will develop rapidly time by time.

amiryaqot

legendary

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BTCitcoin is one of the best coin as we look at it's technology and i don't think we need another thing so false claim they have the best technology, there are so many factor which makes BTCitcoin the best ever.

HeroCat

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Bitcoin can be one of best technologies, if transfer times will be aeound not more than 2 minutes Wink

ashour

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Quote from: CoinBateman on August 04, 2015, 12:51:18 PM

Bitcoin doesn't need to be the 'best' in terms of technology. It has the first mover advantage. It will also serve as the base crypto-currency.

This, Bitcoin itself is a technology and is the most popular cryptocurrency. So the statement is false, bitcoin is currently the most popular cryptocurrency.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: rscholey on August 04, 2015, 10:31:46 AM

I just read a poster saying "Bitcoin is not the best technology around". It made me wonder. Can it be changed to be better and if so is that what is planned or is the technology so baked in that it cannot be improved upon?

Bitcoin is the best technology around because it can and will be changed by the course of time. Nothing is "hard coded" and bitcoin can be forked into something better
in the future if there is some need for it to be done. The only thing that wont change (shouldnt change) is the 21 million coin limit.

cheers

investspot

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Love me love my Bitcoin.

Quote from: CoinBateman on August 04, 2015, 12:51:18 PM

Bitcoin doesn't need to be the 'best' in terms of technology. It has the first mover advantage. It will also serve as the base crypto-currency.

Agreed.

Derrike

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By doing some minor tweaks in Bitcoin network, it will become the best technology ever mankind has ever seen.

umair01

hero member

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well honestly every single technology has it flows and edge , just like in bitcoin , nothing can be labeled perfect as there is none and not any technology could be compared to another one as they have each different category but when it comes to the category that bitcoin is in , I think that its at the very top

Kprawn

legendary

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You will hear a lot of things like this --> http://www.inc.com/murray-newlands/7-top-trends-in-venture-capital.html

" Despite the fact that the average consumer is still trying to decipher what exactly it is, Bitcoin promises to revolutionize payments over the next decade. Blumberg points out, however, that the most important part of Bitcoin is its "blockchain" technology, not the currency itself. "

The trend now, for most investors, are to invest in "Blockchain" technology. In a sense they just want to copy the Blockchain {Bitcoin is a token of payment, running on the Blockchain} and add their own token or

use the other features of the Blockchain {Remember... Bitcoin is just the currency token... but the Blockchain has loads of other uses too}

Learn some more about the Blockchain and where Bitcoin fit into this and you would understand the whole issue about this. Wink

MinerHQ

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Quote from: tearfereon on August 04, 2015, 05:46:44 PM

Bitcoin is not a technology. It's a product of some technologic advances, such as cryptology, math, computer science etc.

When you say technology it means an area, not a spesific product.

Yes your correct, it is not a some thing new technology. It is a new product created - I don't think, it is a best but surely it is very good product and slowly more places accepting it as a alternative currency.

Bitcoin.ProGambler

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Bitcoin is just numbers Games. which have value because of his users

tearfereon

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Bitcoin is not a technology. It's a product of some technologic advances, such as cryptology, math, computer science etc.

When you say technology it means an area, not a spesific product.

dothebeats

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Cashback 15%

Block chain is the best technology, no arguing in that. Bitcoin's concept is fine, but what is greater is the underlying technology within it, which is the block chain ledger. Even the banks are so interested in acquiring it. Bitcoin and block chain's concept together are the forerunners on the innovations in technology. It doesn't need to be the best, as long as it fulfills its task. Wink

oblivi

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Quote from: gentlemand on August 04, 2015, 01:35:25 PM

When there are millions and billions of dollars invested 'good enough' suddenly sounds like a very compelling proposition.

These people who love to wheel out the myspace/facebook comparison seem to forget that it cost nothing to switch, and if there was a technical failure because the new system was unproven the only thing you'd lose would be your album of burger shot selfies.

You can replicate the blockchain a trillion times a day. You can't replicate the trust that it's still in the process of earning.

Ineed good enough is all that matters. Does anyone remember the early days of the internet and the alternatives to the tcp/ip protocol? some said it wasnt the best technology, some said it will never scale, but it obviously did and bitcoin is exactly the same situation again, its so clear to anyone that has been on the internet since 1985.

Kazimir

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It's not the best possible (yet), as in Bitcoin can still be improved further.
But I'd argue it IS the best, compared to other alternatives.

evok3d

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The Protocol for the Audience Economy

We most definitely do not live in a world where the best technology leads the market. if that was the case, the world would be a much better place with highly efficient machinery and systems that would reduce costs and increase the lifespan of our material world. If that was the case, Bitcoin would have replaced Visa/PayPal/MasterCard and a lot of other businesses already. Though this is not the case. We live in a world where adoption and marketing leads the way and politicians and the media who can be bribed dictate rules on who can progress and who cannot.

Abiky

legendary

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www.Crypto.Games: Multiple coins, multiple games

Ethereum has interesting technology, though. It's a platform for decentralized applications. However, even though these alts provide innovation (such as Maidsafe, Ethereum and NXT) Bitcoin will still be the king of all cryptos. It is the first decentralized crypto currency ever made and the most important thing above all this is the Blockchain technology. Just my opinion Roll Eyes

gentlemand

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Welt Am Draht

When there are millions and billions of dollars invested 'good enough' suddenly sounds like a very compelling proposition.

These people who love to wheel out the myspace/facebook comparison seem to forget that it cost nothing to switch, and if there was a technical failure because the new system was unproven the only thing you'd lose would be your album of burger shot selfies.

You can replicate the blockchain a trillion times a day. You can't replicate the trust that it's still in the process of earning.

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