seems like bitcoin is too slow to progress

Bitcoinislife09

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Quote from: shoreno on June 15, 2020, 09:41:05 PM

bitcoin is incomparable to others imo . others are just too young to compete with btc , its like they all have thier own gimmicks in the hopes of defeating bitcoin but still not enough if i were to ask . come to think if btc is out of date , then why it still the number one crypto coin that being used by many people .

if you want to see new update , well that happens too recently or idk maybe you just missed that one out , im talking about the halving .

Bitcoin is the most popular coin and nothing can be compared to bitcoin. With the range that the bitcoin has achieved it is hard to compete with. Many cryptocurrencies are making things to encourage people and defeat bitcoin. They are trying to launch gimmicks. Many people are saying that bitcoin is not up to date but still many people are using and supporting bitcoin.
When we talk about the halving and you want to see updates about it you just have to scroll about it because it just happened recently. Most of the time people is just missing the upates.
Some cryptocurrencies are modeled from bitcoin. These are called alternative cryptocurrencies which are much easier to trade and mine than bitcoin. Bitcoin and alternative coins are all virtual or electronic money.

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Quote from: creep1980 on June 15, 2020, 08:51:32 AM

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

Many here posted their own opinions already. Just do this. SELL YOUR BITCOIN, HOLD A SHITCOIN AND

If you don't want Bitcoin then just leave. Simple as that. No need for further explanations. Ethereum and Bitcoin are 2 different coins and they are good in their own ways. If you don't want to buy Bitcoin, just buy TRX since the owner it self already that it is a shitcoin like you, pure shit.

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Quote from: creep1980 on June 15, 2020, 08:51:32 AM

seems like bitcoin is too slow to progress

Seems like we are to slow to progress to earn full profit from our using of Bitcoin.
How much fast you want it to be. Bitcoin itself is a progressive mecanism which operates based on the progressive knowledge of its users. With the increase of adoption among more and more users around the world, bitcoin is enriched by more useful adds to maintain his ability to adopt with all our needs for security,anonymity...

LbtalkL

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Bitcoin is more or less 11 years now, from the start until now it has some huge progress, maybe slow but huge. What do you think if bitcoin does not exist? Will Ethereum exist now? Of course, altcoins have more features than bitcoin, honestly better than bitcoin technically, it is faster, with smart contract features and other stuff. It is designed to be better than bitcoin and with specific use cases but bitcoin is the king.

DoublerHunter

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Quote from: dunfida on June 16, 2020, 02:50:49 PM

~snip~
we cant really avoid the fact that first things that had pop out would always took the spot light
even no matter how many much better alternatives out there.

^ Definitely right, for over 10 years of being existed of bitcoin we can see that it is always on the top and no one alternative coins were defeating bitcoin even it has slow progress. The way of payment method always reliable even though we know that the fees and the speed is quite different from altcoins.
Nevertheless, I dont see any altcoin that the best alternative to bitcoin. Probably the uniqueness on bitcoin will always put on the top and many developers who have to try to have improved because it is an open-source system.

dunfida

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Quote from: Emitdama on June 16, 2020, 02:42:19 PM

Quote from: creep1980 on June 15, 2020, 08:51:32 AM

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

The thing is, all these altcoins were created after Bitcoin and as usual the last will always see the things that are not perfect with the first product and they will try to add more features.

I think that when Bitcoin was being created, the main thing they had in mind was just transaction and they were not really looking more into other features. Even though the transaction is a bit slow than others, there is still nothing wrong with it. Others were able to identify the few faults it had and then used it to perfect their own projects.

Nothing is perfect!

This is why other developers would try to create to much better and more updated coin.This isnt only talking in cryptos side
but this had been happening since from the beginning of time since its part of our instinct to create something better on where
others had already done but we cant really avoid the fact that first things that had pop out would always took the spot light
even no matter how many much better alternatives out there.

Emitdama

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Quote from: creep1980 on June 15, 2020, 08:51:32 AM

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

The thing is, all these altcoins were created after Bitcoin and as usual the last will always see the things that are not perfect with the first product and they will try to add more features.

I think that when Bitcoin was being created, the main thing they had in mind was just transaction and they were not really looking more into other features. Even though the transaction is a bit slow than others, there is still nothing wrong with it. Others were able to identify the few faults it had and then used it to perfect their own projects.

joinfree

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Well, there is not much that we can do to modify the bitcoin network looking at how robust it was designed. Currently, all eyes are on the developments of Lighting Network to accelerate the speed of confirming transactions on the bitcoin network. I would advise you to stick with Ethereum if you want to accelerate your transactions.

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Quote from: creep1980 on June 15, 2020, 11:35:56 AM

ok, let's be more specific
Satoshi designed bitcoin as electronic money for all people, for their independence from governments

Probably you need to read this article: Why was Bitcoin created?. It was said that Satoshi Nakamoto wanted to create a trust-less cash system not to have independence from the government.

Quote from: creep1980 on June 15, 2020, 11:35:56 AM

Now bitcoin is not money at all because of fees and velocity. No ideas how to correct this excepting lightning, which is close to fail.

It seems you do not understand what money is...

Quote from: creep1980 on June 15, 2020, 11:35:56 AM

And bitcoin is actually controlled by centralised agents.

Err... isn't ETH is the one controlled by centralized agents? They can easily fork and rewrite blockchain once the founder/creator decided that it should be done?

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Quote from: davis196 on June 16, 2020, 06:16:25 AM

Ethereum was far ahead with smart contracts and Dapps in the past.Now,ETH is far ahead with defi and yet it's still not the number 1 cryptocurrency in the world.There's might be something wrong with ethereum. Grin

Its not slow and have plenty of development. And this is wrong for the hodl cult. You dont proper hodl if you can move the coins around.

None of the cryptocurrencies are really decentralized, even bitcoin. If you have 1% of the users holding 99% of the supply, then its not decentralized. And if you have whales manipulating the market, to accumulate even more, then you have increased centralization of supply. You can say the tech is decentralized, but if the supply is not, people will not use the tech.

The exchanges are to blame for it, as they allow the centralization of supply. A exchange with only 5btc in the last 24 hours dont have any issue when 100btc enter in just one account and burn the entire book. Its good for them, as they will get more money from fees, but this hurts the project, as a lot of people will have their money stolen, and many of them will not come back to bitcoin after the crash.

MCobian

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Nothing is perfect, neither is Bitcoin. If bitcoin is too slow to progress, not something that caused me to be leaving bitcoin.
Not without reason until now bitcoin has always dominated the market, even though many altcoins have more transactions
fast and cheap. But the demand for bitcoin is the highest compared to other coins. Many people believe in bitcoin because
it is fully decentralized. Until whenever I'm sure bitcoin will always be the best cryptocurrency. So I never hesitate for
investment in bitcoin.

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thank you for your attention guys! I ve read the exact words I need about bitcoin!

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Patience is an important skill to learn in life. I mean, honestly, what's the rush here? Are you in a hurry for some fiat profits? Sorry, but contrary to popular belief, that's not what Bitcoin was designed for. I'm not a developer, but I think it's pretty safe to say that making short-term market gains to give you better ROI is definitely not one of the top priorities when it comes to development. There are loftier goals in mind. We're building something that will endure. You can't rush that.

If your sole intent is speculation, then I can see why altcoins would hold a stronger appeal. Just keep in mind that hype only lasts so long and most of them will disappear as quickly as they came. People generally have short attention spans and novelty soon wears off. Know when the time is right to sell and don't end up being a bagholder for dead coins that no one cares about anymore. That's the risk you take when you try to keep up with the latest trends.

Personally, I'd keep my focus what actually works and will continue to work because it is developed responsibly, for the right reasons, based on fundamental underlying principles that matter.

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Quote from: creep1980 on June 15, 2020, 08:51:32 AM

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

if you think bitcoin is not good for you then just ignore bitcoin and get on with your life. It makes no sense to make a comparison between bitcoin and other altcoins. there are thousands of altcoins just to offer choice options for people who like different things. There is one thing that you are also not taking into account that it is about decentralization that exists in bitcoin and that does not exist in most altcoins and that is a factor that makes many people use bitcoin. In altcoins we constantly see the owner of altcoin post something on twitter and altcoin goes up in price and there are times when the altcoin owner is simply traveling to all over the world and making empty promises

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Quote from: creep1980 on June 15, 2020, 08:51:32 AM

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

Ethereum was far ahead with smart contracts and Dapps in the past.Now,ETH is far ahead with defi and yet it's still not the number 1 cryptocurrency in the world.There's might be something wrong with ethereum. Grin

The crypto exchanges are centralized,but they have nothing to do with the structure of the Bitcoin Core blockchain.Lightning Network has nothing to do with the blockchain structure as well.
The upcoming Taproot and Schoor soft forks are some proof that the BTC core developers aren't sleeping. Grin

Slower progress is better than fast progress,because the developers would make more mistakes,if they are forcing the speed of new implementations.

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Quote from: Ashes4Beauty on June 15, 2020, 05:12:03 PM

One would easily say that bitcoin is low to progress majorly because of the small Satoshi owned but in reality Bitcoin is main gem to hold on to for as a long possible without fear of totally lossing it value.

Bitcoin is the most popular cryptocurrency that a lot of people are using these past few years. For me, bitcoin is the basis of those altcoin when it comes to its value, and it is because bitcoin is the widely used asset in the market. Volatility of bitcoin can really varies in time and you need to deal with its value. That's the reason why other people say Bitcoin is much greater as a store of value than Gold depending on the time.

Quote from: Ashes4Beauty on June 15, 2020, 05:12:03 PM

One should not be carried away with the speedy movements of alts cause quite a lot of them don't have future except for selected few.

Altcoins are really just an alternative source of profit and still bitcoin is the number 1 digital currency that is effective to use in many transactions. You should always prioritize the use of bitcoin, and always keep in mind its increase in price once it has an extreme spike in the market. Bitcoin truly has a great future when it comes to cryptocurrency adoption and popularity.

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Quote from: StonerStanley on June 15, 2020, 11:08:36 PM

Please, enumerate the flaws and problems your are talking about.

At the moment i think a lot of cryptocurrencies can surpass bitcoin in many ways.

Most altcoins have inherently unsecure or centralized designs, like PoS, masternodes and big blocks; they have centralized ecosystems when developers can do whatever they want and community will always follow; almost every new altcoin is profit-driven; they are prone to hacking and critical bugs because they have little number of devs; their markets are heavily manipulated because there's very little activity, so it's hard to use them on practice as money; altcons lack adoption because the world doesn't care about the problems that they solve.

If a coin is fundamentally centralized, it doesn't matter if it surpasses Bitcoin.

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You are way too wrong my dear and you are doing a wrong comparison. Bitcoin is currently holding ~0.8t usd of the all financial markets and comparing to other markets such as stocks and property with much more older markets and more people and investors knowing about them Bitcoin is not progressing slowly at all.

Quote from: creep1980 on June 15, 2020, 08:51:32 AM

the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges).

If you take a look in bitcoin's GitHub repository and check the "commits" part you will see the last changed made to the Bitcoin project and there is always at least 2-3 commits per day helping the project to increase the quality by the time. Also, you can choose to use the centralized exchanged they ask you the KYC or not. For me, Since I started using Bitcoin I never used centralized exchanges.

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Honesty, I don't quite understand what do you mean when you say Bitcoin is slow to progress. Slow in price, technology, transactions or something else.
Bitcoin is based on quite advances technology although that doesn't mean there is no room for progress.
Price is defined by market and that can't be much influenced.
However, I think that some people looking for instant solutions but progress doesn't come over night. Maybe if the question was more elaborated it would have been easier to explain.

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Quote from: Yamifoud on June 15, 2020, 05:41:31 PM

Well, I don't want to argue to you if that is what you want but honestly, I don't think we have to need it. What we have needed most by now is the support coming from the community. That be more helping and progressive.

Nothing is instant in this world, we need to help bitcoin to become more known in the community. Supporting it is not that hard, there are a lot of people who are using bitcoin right now, we just need to help it grow more and more. We should make a move in order to contribute on the progress of bitcoin.

Don't say that bitcoin is slow to progress if you're just sitting there and waiting for a miracle to happen.

With a simple use of bitcoin in many transactions to promote its advantages, we can help each other advertise bitcoin in huge companies. In order to attain that progressive movement, we should always think of the things that might make bitcoin grow more, especially those factors that mostly affect its price.

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