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Topic: Has Bitcoin grown in the past year despite the price? - page 2. (Read 390 times)

legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
Heres what I mean.
Has the bitcoin network gotten stronger over the past year? I would say yes there is high hashpower than last year, theres been a lot of bug fixes,
Are more people using bitcoin than last year?
There have been a number of big moves for bitcoin this year, Lightning network and the world overall is more aware of bitcoin. Are there any more big bitcoin news  events that happened this year.
Negative news is the price but its not all about the price sometimes.

The first sidechains have come online -- RSK and Liquid.

you are correct about the hashrate increasing which has made the network that much stronger but i don't know what "bug fix" you are talking about. there has been no bugs in bitcoin protocol to be fixed to make it stronger! however, there has been some bugs in some wallet applications and implementation like they always are which were fixed like always. i wouldn't say that made bitcoin stronger!

Well, there was a pretty serious bug in the last several releases of the reference implementation (run by most of the network) that was fixed a couple months ago. It could have been used to inflate the Bitcoin supply:

Quote
This week’s major bitcoin bug was even worse than developers initially let on.

The bug originally rocked the bitcoin world when it was reported the vulnerability could be used to shut down a chunk of the network.

While this sounded bad enough for many, it turns out developers for Bitcoin Core kept a second, bigger part of the bug a secret. As disclosed through an official Common Vulnerabilities and Exposures (CVE) report, an attacker could have actually used it to create new bitcoin – above the 21 million hard-cap of coin creation – thereby inflating the supply and devaluing current bitcoins.
legendary
Activity: 3472
Merit: 10611
you are correct about the hashrate increasing which has made the network that much stronger but i don't know what "bug fix" you are talking about. there has been no bugs in bitcoin protocol to be fixed to make it stronger! however, there has been some bugs in some wallet applications and implementation like they always are which were fixed like always. i wouldn't say that made bitcoin stronger!

as for more people, i believe the real adoption is growing despite the price but there is another kind of adoption by the speculators and those who want to become rich over night and that was peaked by the end of 2018 and then fell down as price went down.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Bitcoin has really been good this in terms of fundamentals, and I don't see things slowing down any soon. Calling the fundamentals "good" is even a huge understatement. I think we've honestly had worse FUDs last year, but the markets have been reacting the opposite for some reason; and also not to mention last year was just mostly full of speculation, compared to this year whereas there's actually a lot of development going on.

Also, the BCH hash war is affecting the markets a lot worse than I anticipated. Not sure how long this will drag out, but I sure hope it ends asap.
member
Activity: 126
Merit: 29
Get Maximalist or Get Wrecked
Every 10 minutes bitcoin gets stronger and more secure.

And every 10 minutes shitcoins still smell funny....
newbie
Activity: 12
Merit: 0
Heres what I mean.
Has the bitcoin network gotten stronger over the past year? I would say yes there is high hashpower than last year, theres been a lot of bug fixes,
Are more people using bitcoin than last year?
There have been a number of big moves for bitcoin this year, Lightning network and the world overall is more aware of bitcoin. Are there any more big bitcoin news  events that happened this year.
Negative news is the price but its not all about the price sometimes.


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