Hi coiners, what would you suggest bout bitcoin amelioration?

Sandra_hakeem

hero member

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Goodnight, ohh Leo!!! 🦅

Quote from: mk4 on November 15, 2021, 07:47:20 AM

1. Crypto scams have existed for a while now, and scams are simply something that exists in any industry. We don't need more policing in this industry, people just need to learn to not be greedy and delusional

For the fact that scammers grow everyday shouldn't make people relaxed bout everything, I'm not saying scam doesn't exist everywhere but what do you mean 'we don't need more policing''? Huh
Economic depreciation and crisis in diverse places have made people go into things they aren't suppose to; just like fraudulent act all over the internet that you can't even trust anyone?
I thought you would say that more cyber securities be employed to cover those flaws and i believe with these, everything is gonna be fine someday .
Regards
Sandra_

carrigan

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Without having any suggestions also Bitcoin has made a lot of improvements actually. It can be seen from year to year that Bitcoin is getting better and better. Many people have made a lot of profit from Bitcoin. And the more years there are more and more Bitcoin users, this shows that Bitcoin is getting more and more known and trusted by them. Bitcon also maintains its position as the king of cryptocurrencies, being the number one coin in cryptocurrency.

Lucius

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When it comes to the future of Bitcoin in terms of its technical development, I am not in the least worried about it, because very intelligent people are working on it and it is completely wrong to think that Bitcoin has remained the same as on the first day of its existence. The decentralization of Bitcoin is precisely the strength that other projects lack, which in most cases disappear after a few years, thus confirming the already well-known fact that their existence never made sense.

As for the altcoins market, it will always exist and serve those who want to get rich quick, whether they are project owners or those who will invest their money in them. For now, it seems like something with no end in sight, but maybe one day people will become more aware of the risks and the market will start to weaken.

aoluain

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Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

...all in the bid to help its growth and also profit the masses as well as miners?

Just remember there are only going to be 21,000,000 mined Bitcoin and less available.
It will become an elite coin, currency, asset, it wont be for the masses unfortunately, so few
people realise this.

Quote from: titular on November 15, 2021, 09:19:29 AM

The protocol will constantly improve. People will always attempt to create their own iteration of what cryptocurrency is. Especially when they can make a whole lot of money doing so. Many of these projects, if not all of them, will not make it past the next decade. Regardless of how "cutting-edge" the technology is.

Bitcoin will always be improving, this is why many of these alternate currencies will become obsolete.

This is not something that happens overnight, however. We just had the Taproot upgrade which was very significant, but we have a long way to go.

The protocol will indeed improve and it will take time. There are seriously
talented developers working on Bitcoin. There will be new pretenders but as time
passes Bitcoin will continue its development and outgrow everything else.

titular

sr. member

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"Stop using proprietary software."

Quote from: Luzin on November 15, 2021, 09:57:31 AM

I don't understand taproot detail, which I know is a kind of development like a smart contract. Although it seems to give a better transaction effect, but I so imagine like ETH. The incredible density of the network makes transaction costs very expensive. Will BTC be like that?
Hardfork's Blocksize size development has not been a good solution for BTC. But hopefully the consensus on the implementation of Taproot can be a solution to this problem.

No, bitcoin won't be like that.

While network congestion is an issue on many networks, ethereum still has nowhere near the volume bitcoin has. Their high transaction fees are different from our high fees. If ethereum had the daily volume bitcoin has, their fee crisis would be FAR worse.

Taproot will not bring down transaction fees by very much as it was not designed to. It was mainly aimed at privacy and security, with some smaller scalability improvements.

suzanne5223

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Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

Is it gonna pave it way out for the better?

It depends on what you mean by paving the way cause a lot of people around the world have seen good things in cryptocurrency and some even see it as generational wealth.

Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

I Can already presume that alot of people are making their survival out of coin and currency trading so everone will always want it to advance in their favour but I'm not seeing it that way.

Why is that? Understand that Bitcoin cannot solve every issue and there are some issues every individual ought to solve by herself.

Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

The question is, we have people underground that are working effortlessly to make sure crypto doesn't just die out or turns into money heist projects, what are they doing amidst the situation on ground? Don't y'all think they should be an improvised coining system forked out of bitcoin with high mining rates,low radiation and less expenditures all in the bid to help its growth and also profit the masses as well as miners?
Think bout these

Regards
Sandra_

Thefter will always want to use something that comes with a great opportunity to their advantage but it has nothing to do with mining.
The last time I check Bitcoin is experiencing the lowest transactions fee these days but any amelioration is still always welcome.

mamesso

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Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

Bitcoin and other altcoins has been introduced to us since the creation of crypto and we're much aware of the sudden decrease in the rates of mining and also the worth of bitcoin formerly before its recur but has anyone ever pondered in his mind the next move of these coin? Is it gonna pave it way out for the better?

Since its inception more than 10 years ago, the public began to ask, what is the function of Bitcoin?
Now that the public is aware of the development of cryptocurrency, and Bitcoin has been accepted by several countries around the world, many predict cryptocurrency will replace fiat money, although Bitcoin legalization is not yet legal to replace fiat money. Hope it can happen in the future.

Quote

The question is, we have people underground that are working effortlessly to make sure crypto doesn't just die out or turns into money heist projects, what are they doing amidst the situation on ground?

Many things need to be improved to show the true advantages of Bitcoin. Bitcoin is still considered relatively new to the financial world. If it continues to be developed and improved, It is not impossible that Bitcoin will emerge as a new payment method in the future.

Luzin

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Quote from: titular on November 15, 2021, 09:19:29 AM

This is not something that happens overnight, however. We just had the Taproot upgrade which was very significant, but we have a long way to go.

I don't understand taproot detail, which I know is a kind of development like a smart contract. Although it seems to give a better transaction effect, but I so imagine like ETH. The incredible density of the network makes transaction costs very expensive. Will BTC be like that?
Hardfork's Blocksize size development has not been a good solution for BTC. But hopefully the consensus on the implementation of Taproot can be a solution to this problem.

alpamar99

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Activity: 1092

Merit: 106

of course they will always make updates to make updates so that later bitcoin will not be like what you say.
regardless of the problem of theft or scammers and other crimes, things like this will continue to exist and even not only in bitcoin or crypto but maybe in all aspects that contain profits in it.
there will always be things like this and I think we have to contribute there, at least by securing our assets and wallets to avoid this.

bitcoin will continue to shock the world and will neither become obsolete nor die. although indeed nothing lasts forever but at least for the next few decades I think there will be no problems there.

titular

sr. member

Activity: 287

Merit: 368

"Stop using proprietary software."

The protocol will constantly improve. People will always attempt to create their own iteration of what cryptocurrency is. Especially when they can make a whole lot of money doing so. Many of these projects, if not all of them, will not make it past the next decade. Regardless of how "cutting-edge" the technology is.

Bitcoin will always be improving, this is why many of these alternate currencies will become obsolete.

This is not something that happens overnight, however. We just had the Taproot upgrade which was very significant, but we have a long way to go.

buwaytress

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Quote from: Sandra_hakeem on November 15, 2021, 06:19:56 AM

The question is, we have people underground that are working effortlessly to make sure crypto doesn't just die out or turns into money heist projects, what are they doing amidst the situation on ground? Don't y'all think they should be an improvised coining system forked out of bitcoin with high mining rates,low radiation and less expenditures all in the bid to help its growth and also profit the masses as well as miners?

There are people working tirelessly on their own ideas about crypto sustainability (not to make it sustainable environmentally but to become a system that is self-sustainable) but I personally think the vast majority of these are working only on Bitcoin itself. Take a look at the various BIPs out there on github and you'll see a healthy number of ideas proposing all sorts of improvements, upgrades, tweaks. If they're good enough, they get attention, consensus, and rigorous testing and development and they get implemented, just as Taproot eventually was just yesterday =)

Then there are also those on-the-ground people all doing their own part to encourage actual Bitcoin use on their own time and effort. Could be as radical as hacktivists believing Bitcoin can be weaponised for political change. Could be as docile as business users encouraging growth in Bitcoin City in the Netherlands. These guys are about anything but money heists =)

mk4

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1. Crypto scams have existed for a while now, and scams are simply something that exists in any industry. We don't need more policing in this industry, people just need to learn to not be greedy and delusional.

2. You can fork Bitcoin and do your own alterations on what you think should be "best" for it, but in the end it will just end up dead. Bitcoin's economics is good enough. If you create too much supply through "high mining rates", you're going to increase the supply too much that the price will crash just as fast. The same reason how the federal reserve keep on printing more and more USD, decreasing it's value.

Sandra_hakeem

hero member

Activity: 798

Merit: 1045

Goodnight, ohh Leo!!! 🦅

Bitcoin and other altcoins has been introduced to us since the creation of crypto and we're much aware of the sudden decrease in the rates of mining and also the worth of bitcoin formerly before its recur but has anyone ever pondered in his mind the next move of these coin? Is it gonna pave it way out for the better?
I Can already presume that alot of people are making their survival out of coin and currency trading so everone will always want it to advance in their favour but I'm not seeing it that way.
The question is, we have people underground that are working effortlessly to make sure crypto doesn't just die out or turns into money heist projects, what are they doing amidst the situation on ground? Don't y'all think they should be an improvised coining system forked out of bitcoin with high mining rates,low radiation and less expenditures all in the bid to help its growth and also profit the masses as well as miners?
Think bout these

Regards
Sandra_

Topic: Hi coiners, what would you suggest bout bitcoin amelioration? (Read 235 times)