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Topic: What Does Bitcoin Need? - page 4. (Read 4836 times)

hero member
Activity: 686
Merit: 500
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December 22, 2014, 10:22:54 AM
#10
More distribution? Cheesy
More merchant accept bitcoin.
Wallet with high security(its really need).
full member
Activity: 182
Merit: 100
December 22, 2014, 10:16:53 AM
#9
What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?

In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)
Low transaction time would definitely be a necessity to integrate it into payment systems.
However the security factor depends more on the wallet, that is used to store bitcoins in.
jr. member
Activity: 56
Merit: 10
December 22, 2014, 10:03:56 AM
#8
I think it's viable as is but would like to see more services built on top of it.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
December 22, 2014, 09:52:52 AM
#7
1. Faster confirmation.

It was actually designed for optimal confirmation. There are ways to have instant confirmation using third parties, but network propagation has limitations.

2. Wallets with truly random seed for address generation.
Mycelium has a hardware wallet generator that allows the user to create their own entropy.

3. More merchant adoption who will do business in bitcoin, not dump in the market.
Of course they would prefer that if just to save the exchange fee. They already save on credit card processing fees. They also have to deal with tax laws and corporate expectations. If bitcoins are considered a commodity, then they are considered unsold goods. That looks bad to bean counters. Bitcoin needs new legislation for business. Baby steps.
sr. member
Activity: 378
Merit: 250
December 22, 2014, 09:51:02 AM
#6
More people knowing about it and using it.
thats what btc community needs not bitcoin itself
hero member
Activity: 784
Merit: 500
December 22, 2014, 09:29:58 AM
#5
More people knowing about it and using it.
M8
newbie
Activity: 57
Merit: 0
December 22, 2014, 09:27:44 AM
#4
I think what bitcoin really needs isn't down to the technical side but just down to adoption and awareness. Stuff like confirmation times seem irrelevant to me as the transactions are instantaneous.
legendary
Activity: 3052
Merit: 1273
December 22, 2014, 09:22:00 AM
#3
1. Faster confirmation.

2. Wallets with truly random seed for address generation.

3. More merchant adoption who will do business in bitcoin, not dump in the market.

2. Wallets with truly random seed for address generation.

Don't all wallets have this (the known ones at least)

3. More merchant adoption who will do business in bitcoin, not dump in the market.

We must convince them for this to happen!
legendary
Activity: 2226
Merit: 1052
December 22, 2014, 09:07:28 AM
#2
1. Faster confirmation.

2. Wallets with truly random seed for address generation.

3. More merchant adoption who will do business in bitcoin, not dump in the market.
legendary
Activity: 3052
Merit: 1273
December 22, 2014, 09:04:08 AM
#1
What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?

In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)
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