Topic: What do you think is killing Bitcoin, if anything is? - page 5. (Read 2826 times)
legendary
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few altcoin have a potential to take over bitcoin's place, they'd have more feature,faster to get confirmed(this one probably the altcoins aren't so crowded), and some of them have true anonymous features,if bitcoin still don't increase its blocksize limit, bottleneck will going to happen and you need to wait 45 minutes just to get 1 confirmed, no wonder people will get away
The nly thing that can potentially kill bitcoin is regulation and governments. If Governments start a persecution against bitcoiners it could harm the ecosystem up to the point of killing it!
I think bitcoin is fine as it is, as long as we find a solution to this blocksize cap soon.
There is no solution as far as the block size limit is concerned. Raising the block size X amount of times does nothing but postpone the 'problems' (as some claim).Because something needs do be done about it.
Something is being done: Segwit, Lightning Network.It's also the arrogance and stubbornness of bitcoin miners, thinking only of themselves (although that is what you would expect from a decentralised system)
What makes you say that?We need to find the perfect balance of democracy and decentralization.
This is probably impossible due to how humans are.
Pretty much what umaOuma said, also the fact that it is difficult to use in the real world for everyday purchases, although there are various apps out there we don't yet have one killer app that can be used to pay with bitcoin in stores.
Just recently I heard of Plutus which sounds promising, it allows you to pay at any NFC enabled merchant with bitcoin through their app, things like this will encourage more people into bitcoin and also some more positive media!
Just recently I heard of Plutus which sounds promising, it allows you to pay at any NFC enabled merchant with bitcoin through their app, things like this will encourage more people into bitcoin and also some more positive media!
Lack of knowledge, lack of awareness and lack of trust from the people is killing bitcoin as they get carried away with the news that they listen related to bitcoins.
whichever side of the block size debate that have hidden agenda.
I think bitcoin is still growing a lot, but the biggest problem IMO is the block size debate. it makes transactions slow and fees high, which was one of the biggest advantages of bitcoin.
IMO, sometimes medias do the most damage to BTCitcoin and it's image as a whole. As soon as a criminal uses it, they use the opportunity to make it a big news and as result damage it's reputation (that's why some think BTCitcoin is used for illegal activities only). On the other hand the differences of some of developers and miners could have a saying as well but it's just temporary setback and eventually there will be a flawless community behind it.
Nonsense
I think bitcoin is fine as it is, as long as we find a solution to this blocksize cap soon. Because something needs do be done about it.
It's also the arrogance and stubbornness of bitcoin miners, thinking only of themselves (although that is what you would expect from a decentralised system)
We need to find the perfect balance of democracy and decentralization.
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