What does bitcoin need to improve? - page 31.

imstillthebest

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Quote from: somebadger on June 15, 2018, 01:21:28 AM

There are a lot of stuff that needs to be changed, but if we are realistic, there is no way to improve it beause there are not enough developers in the bitcoin network.

Quote from: somebadger on June 15, 2018, 01:21:28 AM

There are a lot of stuff that needs to be changed

can you list them all? well for me i think bitcoin does not need improvements because it was already a near perfect coin. i guess the only reason why they stop developping it is that they dont want bitcoin to become a perfect crypto. that is also the main reason why altcoins are built in order to shoulder the disadvantages of bitcoin.

Quote from: somebadger on June 15, 2018, 01:21:28 AM

but if we are realistic, there is no way to improve it beause there are not enough developers in the bitcoin network.

yes there are not enough developers in bitcoin because satoshi nakamoto is the only one developer of bitcoin.

somebadger

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There are a lot of stuff that needs to be changed, but if we are realistic, there is no way to improve it beause there are not enough developers in the bitcoin network.

Phyton76

sr. member

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Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

I don’t believe that other ceyptocurrencies will be able to dethrone bitcoin. Bitcoin is still number one and the king of all cryptocurrencies. Bitcoin is bot the problem but its users. If only bitcoin can choose a strategic and intelligent users then nothing can be a problem. It is already secured as people are just ignorant on how to keep their bitcoins with them

ThePogi

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Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

There's actually such a thing as physical bitcoins. The way they work is each bitcoin has a tamper-proof seal and contains a code that can be entered on the minter's website. When the code is entered, the value of the physical bitcoin is paid to the enterer of the code. Of course, accessing the code destroys the value of the physical bitcoin. However, the fact that it CAN be redeemed for actual bitcoin gives the coin value, just as silver certificates used to function.

Elkafi

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Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

I think Bitcoin continues to control the cryptocurrency market because it has become the first cryptocurrency, it has the greatest amount of support and has been proven to have a stable system for a long time.
Two things need to be done primarily - transaction costs should be reduced and we should see faster transfers. This will ensure that more people use it for transactions.

kaybounty

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Well, as far as we can see, all of the Cryptocurrency that is already implemented wants to improve their security and usage capability. We know that everything wont last that long but Crypto is prolonging their use to the world by developing what they have started. In bitcoin's part, i guess what they need to improve is stabilizing their value and make sure that it stays that way, security and acceptance as national currency among other things.

bololord

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Quote from: Malk82 on June 14, 2018, 10:40:30 AM

I think need more speed for transactions. Sometimes need wait to long.

Because there many blocks to solve that is the transfer speed is to slow so I think the dev should work on that and bitcoin transaction now has a high fees I hope the dev notice it because there are many users complaining about this.

arganrmartin9909

newbie

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Bitcoin's system is outdated by Altcoin at the moment. I agree that there are shortcomings, but there are spots in the sun. Even with these shortcomings, the system works.

estupido

newbie

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bitcoin already has a good performance in every transaction but bitcoin need more security because the higher bitcoin performance makes the thieves have a high desire to be able to have bitcoin in any way even if it is bad. protect bitcoin from hackers

ani4

newbie

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Quote from: 1van__ on June 14, 2018, 05:06:36 PM

I think that bitcoin needs to think about further taxation, because this will be a problem for its owners

Hands off approach should be taken. And anything that happens within crypto open-decentralized networks is not subject to LEGALESE jurasdiction. Only their fiat gateways/Legal corporations, because you trade your crypto for fiat currency (TENDER FOR LAW, LEGAL TENDER, Debt in transit) which has rules (jurasdiction) attached to it.

my reply to op:

Privacy / fungibility... one and the same...

this is being addressed and I'm sure it will be... but keeping the decentralized/trustless model is key also, cross-chain liquidity in the form of decentralized exchanges and atomic swap contracts that preserve/improve privacy also.

without privacy there cannot be fungiblity/freedom

We're supposed to be disintermediating the LEGAL jurisdiction, not attempting to merge with it, if we have privacy, no problem.. if we don't, lots of dystopian potential for those who do not know what Legalese/Legal/Law society is.

1van__

newbie

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I think that bitcoin needs to think about further taxation, because this will be a problem for its owners

abonti

newbie

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I think if bitcoin is not fixed then it does not matter because bitcoin is so popular and popular and a king in crypto currency and is in great demand by community, users, investors and even Bitcoin can be taken for granted.

Harley29

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Quote from: ejswift on June 14, 2018, 12:48:03 AM

Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

bitcoin needs to update so we need new feature with bitcoin and bitcoin needs to partnership with companies so that bitcoin can recover or get help easily

I think it is true that our participation matters a lot in crypto currency, if we will keep on contributing in crypto currency, so we would takes good part in bitcoin investment as much possible, w should go some positive acts to promote bitcoin all over the world, bitcoin improvements is our income improvement and our economical improvement as well, so let’s begin to help it grow as much as possible.

blue_id69

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For me nitcoin is already good and I guess it doesn't need any changes. Bitcoin is one of the most trusted and secure online cyrpto to be used for transactions.
The only problem that Bitcoin is facing today is its reputation to other people. Many countries are now banning Bitcoin. Media are making Bitcoin's reputation bad. Bitcoin's reputation are now entitled to us and let's make Bitcoin a better word to every people in the world.

aji567

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I think bitcoin does not need to be improved because I think bitcoin already has sophisticated technology. I think the bitcoin needed only to be recognized by all countries and approved the sale and purchase of bitcoin.

Dr.Nina

newbie

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After creation of bitcoin it has passes around ten years. Now it is a growing platform. After creation of bitcoin it has improve a lot and still it is improving. It is well known to all that it is created to use as a currency. But still this platform is used as an investment opportunity. To use as a currency it needs improve itself. The speculation should be less and the price should be stable. The fee of bitcoin should be low. Transaction settlement time should be quick. These are the main point to improve to me.

crazymelons12

jr. member

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I think it should be the way volatility works. I have this idea of bitcoin changing its price not hourly but weekly. In this manner stores will have greater chances of not losing their sales or profit since they have about a week to sell their products on the same value and conversion of money during money transfer may not be of any problem at all. Problems about losing the value of money will be lessen. And volatility will no longer be a problem except maybe during the last day of the week.

Elmughni

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Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

I think the transaction cost of bitcoin should be reduced and we should see a faster transfer. This will ensure that more people use bitcoins for transactions.

kingkonjac

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the thing that btc has started and the revolution it has made makes it the king and most dominant coin but for improvemetn in my opinion the speed and the cost must be fixed.

Macai

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Quote from: dupee419 on February 14, 2018, 12:29:10 PM

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

I like bitcoin but i don't like the fees, if only fees be lessen so we could just transact anytime and anywhere but i am limited with that fees that is why i am having a problem with it.

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