Topic: So...Is Bitcoin the ultimate coin that does not need more development? (Read 958 times)

I agree,  development is always there to anything in this world.  As day goes by,  technology also getting better and improving.  Just like to bitcoin I believe it can be develop more. Its usage and its purpose.  Without development bitcoin can be over pass by new coin which can defeat its characteristic and capability. 

Bitcoin is not yet fully developed and still has a bigger room for improvement. And since bitcoin is so unpredictable, we cannot deny the fact that maybe in the near future, there will be other coins that are much better with bitcoin. For now, bitcoin is still very new to the eyes of the people and it will take long years to be accepted by all countries in the world.

It seems impossible that there will be other coins better than bitcoin, because the history of Bitcoin itself is quite difficult since Satoshi was created. Maybe it's not developed but rather approaches to the world to be more easily accepted

If bitcoin doesnt need any development and no updates would happen, this coin would disappear in 1 year or less. In our world you should always be better than others and in crypto world there are a lot of contest. Thats why bitcoin should always do updates and develop new features.

We see that bitcoin in its current state has many shortcomings, so it needs further improvement. In general, everything needs constant improvement. Everything that does not develop is doomed to gradual extinction. Bitcoin still has work to do, and such work needs to be done all the time. Yes, I don’t see any reason to refuse further improvement.

In my own opinion, bitcoin is still possible to develop since we are in the modern age or technological age. Since, technology innovates the bitcoin and other cryptocurrency is not necessarily needs to keep up to the technology. But I think, the only thing that we need to expect the most is its price in the market or for its better trade to other cryptos.

Bitcoin is a developing space of advancement and there are business openings that additionally incorporate dangers. There is no assurance that Bitcoin will keep on becoming despite the fact that it has created at an exceptionally quick rate up until now. Contributing time and assets on anything identified with Bitcoin requires enterprise.
Bitcoin doesn't require further development,  rather whatever that it lacked is open to improvement by other cryptocurrencies.

This is not true, the halvings have occurred exactly when they were expected to occur and this hasn't changed since the beginning. The high price also means nothing, since it just means that current bitcoin is fine as it is.

No, if you want "proof" go take a look at bitcoin's code and the few changes it has gotten over the years. The "bitcoin core" developers have been maintaining the code for node and wallet etc which is something you can see at the very top "News: Latest Bitcoin Core release: 0.19.0.1" etc.

It actually is quite possible, even bitcoin is open source that means anyone can freely use the code to create their own "custom" coin and possibly add or improve the features that bitcoin currently has and it's called altcoin. Speaking of development, even bitcoin itself is not perfect and what I mean by that is bitcoin has some weakness here and there more specifically the speed of transaction.

Innovation and development is necessary for survival in the market because the demand of user changes time to time,According to the demand of user changes must take place that users retain forever.
If new project of any coin come in market must came with change and also know the demand of the market because people switch to more developed technolog.I am in favour that Bitcoin changes should be updated time to time to retain and attract the new users.

Its further development will bring more improvements in it. Why to reject improvements and more innovations, imagine if it is such valuable and powerful at this stage of development, how it would be after some years later. It will lead the whole markets and all other currencies. It would be more stable and more attracted for the people. Its functioning would bring new technologies which will lead more benefits. It will continue to develop with time.

I highly believe on the concept of database management that it is considerably easy to create a system or database, but what is difficult is to update and maintain the system or database that we have. Comparing this to bitcoin and cryptocurrency, even though bitcoin encounters difficulty in terms of upgrades mainly because of increasing number of people using it, it is not an exception that bitcoin will not be develop. As simple as inducing market adoption, it could already be considered development, as we all know, Bitcoin is very strict in terms of its protocol, so no one could basically alter it even if their purpose is good.

To be honest, every technology needs a continued development and Bitcoin or blockchain in general is one of them otherwise this coin will disappear. Plus, it is fortunate that Bitcoin is a good progress despite many governments tried to destroy it through different ways but they did not succeed in achieving this goal until now due to Bitcoin is secure.
Also, I am pretty sure Bitcoin's era is going to stay in the market until all the countries will recognize it.

Especially if we are speaking about IT sphere - if you do not evolve/adjust/update/improve as the time goes by, it means the project is dead. Do we have things to improve? Of course, now LN is the most important element of the development, as we learnt in Dec 2017, that BTC transaction could take even 24 within its blockchain. Other features can be taken from other cryptos, like ETH (contracts, dapps).

The only feature which would be potentially harmful for BTC would be full privacy (like of privacy coins), as this would automatically cause a hostility from authorities and could lead to bans for BTC (as officials are too afraid of any sort of possibility allowing money laundering).

To say the technology of bitcoin doesn't need more development is in my opinion something that doesn't pay attention to the environment that bitcoin has to function within.

Bitcoin is considered stable right now, as a piece of software, in terms of functionality, network usage etc. Yes, those are fundamentals for any computer network and it's important that bitcoin's core aspects are fully functional without any major issues.

However, I think it's important to remember that bitcoin solved previously unsolved issues and also now poses as an alternative to FIAT. It created an entire alternative to the sector of finance by introducing the blockchain and allowing many innovations to be put in practice through it. To this day, bitcoin remains the most used cryptocurrency, but is this enough? Couldn't the project's scope be widened and core aspects improved?

There are limitations to how much bitcoin can be utilized and by how many people. Bitcoin Improvement Proposals go through a thorough process of checking to improve upon the solid foundations bitcoin has set, without disrupting existing functionality or endangering the robustness of the network and its technology. Improvements and further utilities are vital to making the technology more viable for new use cases, among new crowds etc.

Just to be more specific by providing an example: trustlessness and decentralization are great, but there are barriers to entry for every day transactions and real-world use. In such, people distressed by an oppressive government that inflates the currency might have a hard time utilizing bitcoin's virtues for their needs to survive like shopping groceries. Technologies like the lighting network build upon the bitcoin network's robustness and enable such use cases to become viable.

This is why we need to always keep improving on bitcoin and tools build upon it. Because people need it for what it was built. Digital cash without the potential of interference. Wouldn't you love to see BTC used more for purposes outside of speculation one day?

In other words and to summarize, the fundamentals bitcoin introduced are great. But we should never stop improving and expanding upon them with case so as not to damage the foundations.

Bitcoins were originated as an anonymous currency and we are not even aware about the main developer of bitcoins. Bitcoins have shown us immense growth from the date they were launched which has opened doors to profits for a lot of unemployed community. This serves them as a passive source of income.

Bitcoins might be having some disadvantages which might include their use in illegal firms, etc which would need to be changed in order to start accepting bitcoins on a larger scale globally, but excluding this I do not really need any more changes in the bitcoin networks. Bitcoins can be made more advanced with the newly emerging technologies but it might ruin the original caliber of bitcoins.

I do not agree with your idea, everything needs improvement and developments with the passing time so is the case with Bitcoin. I am not saying that it is not standing at a stable or secure position, no doubt is it has touched the many steps of development and working as the king in crypt market. But development with time will bring more improvements and it will become more efficient.

Everything eventually gets outdated and need to be kept up to date. Everything constantly approves as we come up with new ideas. New features may be added. Remember bitcoin is an open-source project and every one of us contribute towards its direction.


Even people and animals/creatures upgrade. It's called evolution.

Everything needs development. There are no things in this world that are finished and will never be changed.

Think of other great inventions like a telkephone, a computer, an aeroplane, they all change throught the years. Computer languages change, monitors change, everything get better as time goes by... or get's abandoned and forgotten like the telegraph

The team? Which team? As far as I know bitcoin is open source and anyone can contribute to its development through GitHub. And it is wrong to assume bitcoin has been fully developed. There are lots of issues still to be addressed. Several people have tried to fork the main chain and presented their solutions to underlying problems with Satoshi's original chain but again the problem is consensus. Community is still stick with Satoshi's version of Bitcoin Core. But I believe a general consensus will develop very soon and we will see some other version of bitcoin taking over bitcoin core. It would be a doom day and could be very profitable for holders if the price of both currencies rise.

as you mentioned, bitcoin still has a problem that needs to be refined, and it's not easy and has to go through consensus several times. No other coin has the same level and most of the popular altcoins have really become centralized and cannot be compared, other coins will remain alternatives that actively support bitcoin.

Based on this article, quantum computer wont be able to threat bitcoin network anytime soon. Although I didn't read all of the answers there, but I see that there are still many things that are full of obscurity.

So there is still a lot of time for bitcoin developers to prepare from this threat. I'm also wondering if every other miner is also using a quantum computer in the future so it's not possible anymore to threaten bitcoin network with 1 quantum computer. I'm not a bitcoin expert so I also want to know what do you guys think about this?

And also I just see there is a project called Quantum Resistant Ledger who try to resolve this quantum computer threat.

Yes of course. Almost everything needs to be updated and follow the trend if it wants to keep gain interest from people and doesn't want to be abandoned. Except for fiat which is forced to be used by the government.

Stash that BTC and try some smartcontracts. Way more fun.

Throw some new money at it.

Bitcoin maybe popular but its technology is falling behind other altcoin so developer wanting Bitcoin to be competitive and at the same time address several issues regarding its transaction time and other stuff, so they intend to further develop Bitcoin.  If you have read the recent thread created by Jet Cash, you will see the possible update of Bitcoin.

well for me btc is okay now and not need any improvement   . i like the way how it work ( up and down price  ) and in my mind , what if btc will improve i think this feature will also be gone  which i dont like to happen  . they can tweak other coins because there are so many coins on this crypto market  . its okay if they can fix or broke those coins because many people wouldnt care at all but bitcoin  , nah , its hard to mess with it because btc got alot of base users   .

No, bitcoin isn't the maximum version yet, bitcoin still has a lot of areas that need improvement. Bitcoin is not a perfect coin and as the technology advances improvements are necessary thus, we can expect that bitcoin is not exempted from these improvements.

Oh no of course.
There are bitcoins and there are altcoins, there is huge difference between them and altcoins were created in order to offer something better in it, some of them succeed this way. Let's talk about that, what bitcoin has and what it lacks.

Bitcoin is as simple as it is - it's decentralized, mineable with fixed supply, with some fees, with blockchain. Is it maximum? No, cause...
Bitcoin lacks anonymity and Monero rises here with it Ring Signatures, it creates unique signatures and combine them with old ones, makes it hard to tell who created transaction and Stealth addressing, making it hard to tell the destination of sent Monero.
Bitcoin lacks what Ethereum has - Smart Contracts and DApp platform.
Bitcoin Mining - It turned into commercial business.
There are still some currencies to compare bitcoin with, but I find it very boring and included example of two popular coins, Ethereum and Monero.
So to sum up, bitcoin isn't the current maximum version of cryptocurrencies.

We can deny the fact that Bitcoin has been through a lot and has passed all the tests of time but as for me, it will still be an advantage if it will improve as a digital currency. Creating more features that would make it attract more investors and merchants to be adopted is a huge thing. We still need massive adoption so Bitcoin could grow more and so that more countries will recognize it as a currency.

Of course, bitcoin is not functionally perfect right now; it is already relatively slow and expensive in transactions. Therefore, he must continue to improve. Yes, and nothing should stand still. Everything must develop, otherwise it immediately gets old. This is especially true for technology. Many altcoins even now demonstrate the best functionality and therefore Bitcoin also needs to be improved.

bitcoin is self-audited, por lo que no depende de un tercero que la mejore. it is the mother of all cryptocurrencies, I really do not believe that one day there is one that steals that position, it would have to be another type of technology that may not work with blockchain.

No, Bitcoin is not the ultimate coin in crypto world. There is a lot of development that it needs. At the moment there are developers who are still working in the background on its development. If you want to know what is happening the doa simple search on google and you will find a lot of articles related to it.

We already underwent through some fork of bitcoins which gave birth to some new coins. But I do not really think it is important to fork bitcoins. Why are we even creating coins like bitcoins if we have the original bitcoin among us? Bitcoin transactions needs some changes and it must be made more futuristic but changing the entire properties of bitcoins would not really work.

I agree with you that the transaction costs and transaction fees would be something which should be considered by the developers for improvement. Long confirmation time does not make bitcoins to be accepted locally because people cannot really wait for the transaction to get confirmed once they made any purchase offline.

Bitcoin is still evolving in previous years they implemented SegWit on the Bitcoin Blockchain making the platform faster and more scalable. I guess they will continue in making bitcoin faster as years passed. Bitcoin lightning network already exists but it is not used frequently on wallets, exchanges and online shops I don't know.
There is no better coin than bitcoin it is the one true king. Those bitcoin forks claiming to be better than bitcoin are sh*tcoins and copy cats.

This is why people create alternative coins, they want create something that blockchain doesn't have, but I agree with you there are so many altcoins out there which better than bitcoin but one thing that those coins don't have, yup the decentralized nature.

Yes, both of bitcoin and blockchain still developing and has so many potentials that can be expanded more by the community, you might check the project on the GitHub.

Most of the cryptos are decentralized if I'm not wrong because of the concept of blockchain technology. Bitcoin still is on the process of development despite of its market value at this moment and the community that it have established. Once adaptation became widely implemented, things could go better not only for Bitcoin but also to this industry.There are lot of developments that could make Bitcoin a better crypto, and in general aspect.

Any technology or system will definitely need an update as time goes on. The bitcoin blockchain technology will definitely need more development considering how the world of technology and invention keeps growing. Bitcoin blockchain technology is an open source technology meaning any developer can have access to the source code of the entire framework of the technology and develop a feature that can enhance the bitcoin blockchain network...

Basically forking bitcoin doesn't really affect bitcoin itself, forking happens because people want more upgrade but unfortunately, they couldn't change the bitcoin itself, but they end up creating new crypto, and if people think that quantum computers, could affect bitcoin and that makes bitcoin need upgrade, probably there is no concrete proof of quantum computers to affect bitcoin blockchain network, so the fear of it for upgrade isn't necessary. I highly consider upgrade for bitcoin should focus on transactions speed.

its not the ultimate coin but its stable that doesn't need much development.
BTC had been forked many times for its development but there were also development that can work on top of its blockchain like the Lightning Network.  quantum computing is a threat to Bitcoin which the team may actually be working to make it quantum proof and because of there may be another fork in the future.

Im sure as time goes by we could realize some features of it but for now. It is the most advanced and innovative technology that is. It's 100 years more advanced than any payment system out there.
I guess the only thing we could do about Bitcoin technology is fixing its issues, for example the market cap 21 million what would happen if it mined it all then the world isn't still ready for BTC ? things like that i guess.

I hope you also mean blockchain.

Sure it will be as we have many back end developers that continues to innovate nor maintain the network. Those unsung heroes of bitcoin innovation.
Who are Bitcoin's Unsung Heroes?

No one currently owns bitcoin, and no one can develop and upgrade it. Actually, there are still a lot of altcoins far better than bitcoin. alts like LTC, XRP, CS, ... have very fast transaction speeds and cheap fees, because their network is really good and can handle millions of transactions in just a few seconds. but its value cannot be equal to bitcoin because it has control. Here people don't like having to hold any kind of assets under control, which is why bitcoin is so expensive. It was all in Nakatomo Satoshi's calculations.

Until now, the development of bitcoin is still continuing because there are still some problems that become obstacles to the maximum adoption of bitcoin. For example, such as transaction speed and lack of use of bitcoin transactions between users. So far only user transactions to exchange are still very high number of transactions. Of course this development will require a long time, certainly not predictable when.

There is a lot of room for improvement. From its slow transactions, to power-hungry PoW system, and all these scalability problems. There's nothing that does not need more improvement, we always seek, and must always do, and does not become stagnant.

Altcoins are there in hopes of becoming the better version of Bitcoin. Though being the better is always subjective, it does bring this point, we always need to improve.

Bitcoin is now increasingly recognized by the world community, bitcoin is fairly young age still under 20 years, of course bitcoin still needs better development for the future. There is no perfect system. Bitcoin is increasingly being improved and currently bitcoin also has developments such as Lightning Bitcoin and Liquid Bitcoin, this supports bitcoin to be more efficient in making transactions and fees become cheaper.

For coins that are better than bitcoin there may be and continue to emerge, but for the most decentralized coins it might be very difficult to rival bitcoin. However bitcoin remains the first coin to affect other altcoins, because all altcoins use BTC points as trading on the exchange.

halving will occur this year, and that is one proof that bitcoin is still being developed, and the high price can also be proof. however, technology will always be improved, especially on the internet.
in the case of altcoin which exceeds bitcoin, you can expect it, and in the future, there will be coins like that, but for now, not a single coin has approached or can replace bitcoin.

Bitcoin is different from other altcoins in terms like this. Seems like it has its own world that cannot be accessed by other altcoins so there is still room for improvement. Not everyone uses computers and not everyone has access online so we could still say that Bitcoin and the team has a lot more work to do to overcome the gap.

I find it bizarre when people seem to believe it's somehow frozen in aspic. There is a difference between making an announcement about an announcement and 'partnerships' vs real work. The latter actually makes progress.

This is completely out in the open for all to check at any time - https://github.com/bitcoin/bitcoin

Can anyone spot anything going on there? I can.

By this logic, scenario of thousands of unconfirmed transactions (which happened in late 2017) would happen again and honestly, Bitcoin was barely functional at that time. There needs to be changes and development because new challenges will emerge and Bitcoin will need to offer solutions. Just look at SegWit and Lightning Network. And solutions that will increase anonymity of bitcoin transactions are being developed at the moment.

bitcoin is still under development
it will get more update in the future to match what the users needs
that's why we also don't need to expect a better coin than bitcoin because bitcoin itself will be upgraded in better version in the future.

I do not think, bitcoins needs any more development.
We peoples love bitcoins as they are and hence we should continue using them as they are.
Are we really expecting any change in the blockchain technology?
It would be good if the technology gets more advanced but not much changes are required in bitcoins.

It will always need more development.
OP, when was the last time you saw a flaw in Bitcoin?
Think of it as like a business that continues to get new franchise worldwide, it expands and gets further reach.
Are you aware that even your Chrome browser gets new update, but from how you look into it, it looks perfect already right?
It's the same way as Bitcoin. It continues to be developed.

of course, it is, day by day we are developing our idea, our living style is changing with the change of time, technological advancement is brought to us a lot of changes in our life, So everybody expects more or less change and a better thing what we have at now. I don't think that Bitcoin is enough what it has, a lot of things should be developed, especially, Bitcoin is not safe yet because you must be worried about the news of the price of Bitcoin, the safety of Bitcoin and the market of Bitcoin, the most important thing is that the legal aspect around the world, Unless it's legalized people won't accept it in an easy way. So still I expect better things than what exists.

In terms of software and technology systems. Developing a system is the easiest task to do, however, the maintenance and upgrade is the most difficult among all. That is because maintaining and upgrading bitcoin system will require lots of adjustment and since bitcoin is decentralized, no one will stand for now to upgrade bitcoin other than to create more application of bitcoin to incorporate it to their systems. Bitcoin will remain as it is that we, people should not fear because bitcoin is the digital gold, could be reshape to fit one's needs, but doesn't need upgrade and people will still use it.

no, but bitcoin has improved a lot of technology since its birth 10 years ago, and if we look at some bitcoin developments that continue to the present such as Segwit, Lightning Network and innumerable new versions of bitcoin core software, then bitcoin is a continuation of growth entities sustainability and relative conservatism have provided stability and resilience that is not shared by other altcoins.

Bitcoin continues to develop technologically.

It will be left behind if bitcoin will not continue to develop. Bitcoin always needs progress, therefore it certainly need a useful development.
A new coin  better than Bitcoin?
When it comes to the fast transactions, low fees, etc. There are so many coins out there that surpass that issues. But Bitcoin will always be Bitcoin, the King and I can't really imagine there is one who will gonna replace it.

I think bitcoin is the result of maximum coins, so nothing else can be more leverage than bitcoin .. !!

It is on continuous development and updates are being delivered to us. This is one reason too why bitcoin is becoming the most known cryptocurrency because the update never stops and it has to cope up with the demand of the people.

Debates are there of what it should be focusing on the size blocks and other concerns that were asked to it. But leave the rest of it and asking if it's the ultimate coin, so far it is and I don't think there will be another one.

If bitcoin has reached the maximum version then it is time for ending up of its usage. The continued development is a must with bitcoin network to stay strong in the market. With time development and the competence will increase, if there happens lack of development something will acquire the place.

Right now yes.

Yes.

Yes, hopefully.

No technology stays like that without update. It part of the things that makes it better. Therefore, there is alway room for Bitcoin to grow and that's when there is more adoption.
Also, there are possibilities of seeing more coins which are way better than Bitcoin but with the low quality coins emerging from ICOs I don't think there will be anyone sooner.

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.

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.
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.

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,

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.

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.

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

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.

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.

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.

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.

# 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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.


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.

A coin without progress is nothing so I believe bitcoin should continue to grow and develop new things because if not, then altcoins will replace bitcoin on top. Halving is a great update on bitcoin and we are still looking for its update so people will still believe on bitcoin. I can't think for any update aside from lowering the transactions fees and making it more a lot faster just like the altcoins. Bitcoin is great, and making new updates will make bitcoin stronger than any cryptocurrency and can stand all the challenges in the future.

NO
When the network of bitcoin got overcrowded and the fee becomes ridiculously high due scalability issues, lightning network got implemented to counter this problem and the development will always grow like this. There are so many problem that bitcoin need to be adressed and I'm sure that as the time goes, bitcoin will become better and better. Bitcoin is not perfect by any means but it's good enough and also keep developing to become a better currency.

We all know that systems do need allot of development for it to achieve its ultimate form. Most of the time, those that have already achieve a milestone still needs improvement and maintenance. But looking at cryptocurrency especially bitcoin, if we tend to upgrade bitcoin, forking is happening, so basically, we couldn't really upgrade bitcoin as it is, or we should accept the fact that the implementation of the upgrades falls to the acceptance of the forks created from bitcoin. In this case, bitcoin now should be lower in value because of us putting our funds to forks, but it seems to be that bitcoin is still having the most market cap and I have come into conclusion that bitcoin doesn't really need upgrade. It is already in the best of its form and we should be the one to adjust in order to adopt bitcoin.

Although many people uses bitcoin, it still need a huge development for the users to lessen their problem using it. Its price is very volatile in the market and we can't do something about it because of the way it is being manipulated. There's always a possibility that day by day, bitcoin will improve and makes better services to users as its price becomes high again. You need to read more about bitcoin so that you're updated on what's going on with it.

first of all these two questions aren't opposite that  you used "or" for them. it can happen at the same time. bitcoin can remain the good decentralized currency and continue being developed while another good decentralized currency could come along.

as for development, bitcoin is constantly being improved. look at hundreds of BIPs ie. improvement proposals. bitcoin has already activated many of them and is still getting new ones and improving further. and that is just some of the improvements, a lot of them such as second layers such as LN and sidechains,... aren't there.

Yes, I forgot to mention decentralization. When it comes to decentralization, Bitcoin is the best among the rest. Unlike other altcoins which have owners and CEOs and presidents and development teams who are personally identified, Bitcoin does not have any. Bitcoin has only Satoshi Nakamoto. And Satoshi is not a person. It is just a name. What's in a name? Nothing physical. It is an idea.

Who said bitcoin is on its maximum development? It's still being developing all time and there are a lot of space to grow for developing.

If we think about different features of bitcoin with some other existing coin, they are better. You can get a better coin but you can not get the most decentralized coin.

Its done for the most part, but its still being maintained and receiving little changes from time to time. Did you not see the top message?

"News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]"

Of course any major changes would need consensus from miners and nodes, if a change is too controversial people would simply refuse to update. It took a lot of effort to get Segwit in, with some people still arguing about it to this day.

But yes its possible, just not easy. You better be prepared to defend your idea VERY WELL.

Actually it's the ultimate that needs more developments to make it faster and much more scalable. There would have been no need for several altcoins if bitcoin was faster  than most of these altcoins at that time. On more serious note, if developers are
come up with developmental features that would increase the privacy of making transactions in bitcoin. i believe this would go a long way to affect the global adoption rate.

Growth must be continuing otherwise Bitcoin can be considered as a dead coin. Right now, there are some big issues that Bitcoin developers should be facing to help this cryptocurrency stay on the game for a long, long time servicing as many people or users as possible. Reading along this forum, we can be aware of the many challenges that need to be addressed as soon as possible. Innovations, changes for the better are all part of Bitcoin and we should be expecting them. As a man-made invention, Bitcoin is never perfect and will never be that is why development must be ongoing and will never stop anytime.

Of course not. Is there anything in this world that does not need development so that it could just remain stagnant forever?

Bitcoin is ever changing. Its basic philosophies remain intact of course but it has gone from the old Bitcoin into a new one, the Bitcoin that we have now. And this Bitcoin that we have now will of course change and developed further. We have already forked several times, we have native and nested segwits. We have also Lightning Network. And we will also have future developments as well.

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.


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

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?