So...Is Bitcoin the ultimate coin that does not need more development? - page 4.

kryptqnick

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Quote from: jseverson on January 22, 2020, 09:21:38 PM

Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

You may want to spend a little more time reading about Bitcoin. It's still in active development, and will continue to be for the foreseeable future. There are still a few glaring issues that are yet to be addressed.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Can we still expect better coin than Bitcoin?

Of course. The possibility will always be there, it's the probability that is in question.

Of course, it's in active development, but perhaps the op wanted to say (or could agree it would now be more interesting to discuss) whether any huge change is coming. Small improvements are good, but how much can we expect Bitcoin to change? How much is it even possible to change it? What is based on consensus and what definitely stays the same? And speaking of consensus, how likely is it that consensus would be reached about a very major change (some people called for Bitcoin to become PoS, for example)? Does Bitcoin even need those changes? I believe if there's something that can be done with scalability, it should be done, but apart from that I'm fine with small changes.

acdc

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

Is it still possible to develop it?

Of course bitcoin is still developing, the biggest downside of bitcoin right now is that the transaction speed is gradually improving. I think that in the future bitcoin will have many new improvements to meet the needs of the market and investors.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Can we still expect better coin than Bitcoin?

Of course, there will be many better coins than bitcoin, but the reputation of bitcoin is so high that it ranks number one in the cryptocurrency market and no other currency can surpass it.

TIDOVEE

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Even at bitcoin's ultimacy it Should not be deprived of constant development and upgrade, if another coin rises above bitcoin should anyone be amazed?, Not because bitcoin is not good enough but because life is full of competition and all these altcoins are not relenting either,

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As technology and society develops, bitcoin also needs to keep up, so saying that it already is the ultimate version currently is plainly wrong as you'll never know what comea along the way. I also thought of the same thing a couple years back, when I was a naive trader thinking only of the profits. A few steps forward I realized that there a ton of things that could potentially affect bitcoin negatively if the developers won't do anything to patch or fix it. The threat of quantum computing is lingering though not that evident yet, but should it ever see the light of day, we may have to move to quantum-resistant algorithm to secure the integrity of transactions and whatnot.

Innovation never stops as the society and our technology continues to develop. We will always have to patch things up for bitcoin in order to complement the world and economy we belong to. It might seem stagnant now but updates are constantly being pushed into it.

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Quote from: tz on January 23, 2020, 05:10:08 AM

The structure of the house and main features (walls, rooms) are all done. All that is left are for the small details, like furniture, before bitcoin is a full house.

Hey Bitcoin is already a full house, it has furniture. The only thing left is some nitpicking on furniture styles and maybe their comfort. Or maybe changing some lamps or moving appliances from one place to another.

This happens when software leaves its testing cycle and becomes production ready.

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Quote from: davis196 on January 23, 2020, 07:14:18 AM

Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Nothing in this world is perfect.Bitcoin is far from perfect.It's development will continue forever.
If we compare Bitcoin to all existing altcoins,yes it is the "maximum version" of a cryptocurrency.
Yet,still Bitcoin Core has it's own issues,that have to be solved,in order for BTC to gain mass adoption and become a real global currency used by billions of people.

It has to constantly be iodated along with its technology in order to provide the best possible service to everyone. Stagnating bitcoin's progress will be death of it, since innovation is it's main game. So bitcoin might be the peak image of what a cryptocurrency, but it's still far from done and would still need the progress and development every now and then to ensure it is working in its peak performance

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Quote from: Asmonist on January 23, 2020, 07:09:55 AM

Bitcoin as its name suggests is really the ultimate coin. The development is always there. As they say, change is constant. But as to the name itself bitcoin had established its worth. Its like a brand name that always improves and develops many variants but still the name is continued.

There is always changed that we may see as we dig more deeper on what bitcoin can possibly do in all means, it always need some development that forked coin appears but still we choose to focus on the original. It's the basis why other alts and forked coins developed, to add and provides some functions that may lacking in bitcoin.

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There is always room for improvement in every innovation and same holds true for bitcoin. Bitcoin has serious issues like scalability and high transaction fee. If that does not address timely then bitcoin won't reach to masses.

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So far ,It has proven to be an ultimate coin, No one can predict when it's price goes up or down, It survives as long as modern technology exists , if Technology one day disappears from the world , people will consider another thing for ultimate coin.and that day is far away .Use and trade BTC without any hesitation.

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Of course it have an improvement, remember that even though the best person has the room for improvement in which we all need to continue on improving do that we will be keep updated no matter what happens. Maybe on the next few years bitcoin will still develop and develop so that it will not be on the last line in which it will keep on the first and good coin so that many people will patronize it no matter what happens, because if bitcoin stop on upgrading and developing then the people will not patronize it because there are no improvement at all. If coin is continuously improving then it would be a good sign in the market because it means that they are still continue to grow no matter what happens.

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# anybody can fork bitcoin and add any improvement they like
# its opensource and improvement within bitcoin itself is possible when required and if everyone is willing to do so

However with every improvement we have left with countless number of bitcoin clones and split of overall bitcoin community. Most of the forks or hardfork are lead by group of people with financial motive rather than motive to improve the performance of original bitcoin network.

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Seems this is a vague question there's no such thing as maximum version of it.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

It is always on development and AFAIK I never heard of any that there's a better coin right now than Bitcoin and I think not even on another decades or even if the last bitcoin be mined.

davis196

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Nothing in this world is perfect.Bitcoin is far from perfect.It's development will continue forever.
If we compare Bitcoin to all existing altcoins,yes it is the "maximum version" of a cryptocurrency.
Yet,still Bitcoin Core has it's own issues,that have to be solved,in order for BTC to gain mass adoption and become a real global currency used by billions of people.

Asmonist

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Bitcoin as its name suggests is really the ultimate coin. The development is always there. As they say, change is constant. But as to the name itself bitcoin had established its worth. Its like a brand name that always improves and develops many variants but still the name is continued.

ice098

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Quote from: acroman08 on January 23, 2020, 07:01:13 AM

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Is it still possible to develop it?

bitcoin is still in its early stage its development is still in progress. so yes, bitcoin still possible to develop and yes, you can expect better bitcoin in the future.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Can we still expect better coin than Bitcoin?

There are already better coins than bitcoin existing today(incase of features, transaction speed and such).

Bitcoins needs a lot of improvement but for me still it is the best coin over than any altcoins. If bitcoin still exist in the future it will probably develop as the time passes by. I know it cant replace fiat but it will help our economical status in the future and also the way of our traditional banking. At least we have the choice if we will store our money in the real world or in the virtual world.

acroman08

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

Is it still possible to develop it?

bitcoin is still in its early stage its development is still in progress. so yes, bitcoin still possible to develop and yes, you can expect better bitcoin in the future.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Can we still expect better coin than Bitcoin?

There are already better coins than bitcoin existing today(incase of features, transaction speed and such).

CodyAlfaridzi

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Bitcoin is always in development. It's an open-source project and everyone can contribute to developing it. Yes there's certainly much room for improvement. As you can see, the development over the years has been great. The community were able to solve the network congestion problem with creative solution Segwit. You can expect these kinds of development still happening in the future. As for other coin, I don't think there would be a coin better than Bitcoin and more adopted than Bitcoin.

BrewMaster

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you can keep expecting a better coin but it won't happen any time soon. you see there has not been any major innovation in cryptocurrency world after bitcoin was created and the greed of making money from newbies has blinded majority of developers that they stopped trying and decided to create shitcoins (aka the easy way) and make money instead of innovating.

tz

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In its current state, it suffices for everyone. Currently, it provides a pretty unique and popular solution to regular banking, and the basic idea of bitcoin has become fairly unchanged, with updates not actually affecting the philosophy of Bitcoin, but instead, the efficiency of it (transaction confirmation times, etc).

I do not think bitcoin's main idea, and the philosophy around it needs development, ever. But there are definitely areas that can be improved upon, although most of it is related to time/speed.

The structure of the house and main features (walls, rooms) are all done. All that is left are for the small details, like furniture, before bitcoin is a full house.

hatshepsut93

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Quote from: duke89 on January 22, 2020, 09:15:25 PM

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

Just look at Bitcoin's github - https://github.com/bitcoin/bitcoin

As you can see, there's a ton of activity, commits happen frequently, there are open PR's and issues, there are hundreds of contributors, and there are absolutely no signs of Bitcoin's development slowing down.

Quote from: duke89 on January 22, 2020, 09:15:25 PM

Can we still expect better coin than Bitcoin?

As of now, no coin is even close to being better than Bitcoin, they have features that come at a price of reduced security and decentralization, a price that Bitcoin developers don't want to pay.

Topic: So...Is Bitcoin the ultimate coin that does not need more development? - page 4. (Read 927 times)