What does bitcoin need to improve? - page 42.

dragontigear

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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.

Bitcoin is struggling for more than six months already and yet still not recovering I think now is the right time for bitcoin to ask for help to expose in any media sources so people may know the status of bitcoin and other cryptocurrency so invester will be quite confident they know the status of their investment.

gelaskopi

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Quote from: Mbah Djoko on June 08, 2018, 06:37:20 PM

I think the main issue of bitcoin is the higher cost of transactions, as we know that the presence of bitcoin is the solution of the high cost of bank transactions, if the cost is the same as the banks then I prefer the bank because it is more secure and fully guaranteed.

This issue may still degrade people's interest in bitcoin. If this issue can be resolved, one of the objectives of bitcoin has been met, which is cheap transaction cost. If this has been completed maybe the next thing that needs to be addressed is the speed of the transaction. If both are clear, then that would be great.

James_H

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There is still much to be improved by bitcoin 1. Its security system is less satisfactory 2.Amount btc too little 3. Why bitcoin can only be used for investment why not in use as national currency

royalfamily1000

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Quote from: ghost424 on June 09, 2018, 09:18:13 AM

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.

I think bitcoin and other cryptocurrency will create a mass media group that advertise the use of crypto and provide updates on all investors so people who invest will not get panic and continue to supports project to make it successfully.

ghost424

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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.

jekanmasin

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Be Positive Always!

i only hate one thing about bitcoin and hope this will gonna change.. it transaction time was way to slow.. with it transaction cost is so higher with micro transaction. bitcoin not very suitable to sent out micro payment that surely very expensive. if only bitcoin using gas like ethereum.huh

Marcommaso

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To become widespread used in my opinion states need to accept and recognize cryptocurrency as legitimate value, integrating it in the mechanisms of society like paying taxes and other institutional stuffs. This would increase the trust and solidity of the crypto and more users will be attract, for all the advantages compared to traditional currencies: instant transfer of values, security of blockchain, decentralized system. So the crypto world needs times to get strong root and start to flourishing in daily lives.

sssyjmr13

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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.

bitcoin obviously needs to have a more secure storage, minimize the trust exchanges and make 2nd layer more user friendly.

Roy11

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Quote from: bright4mech on June 09, 2018, 03:25:12 AM

Bitcoin has been working perfectly since the day it created with a high potential effective in the crypto industry, which has been circulating from one state to another, therefore base on current situation of bitcoin, I think it needs more investors into the system

it's true that bitcoin is working well now, the investor problem needs to be developed so that all projects can run smoothly, if all about bitcoin is developed better

alberttorreshd465

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Bitcoin serves not only as a currency, but also as an extremely cheap platform for transferring money. In theory, it can become a rival to PayPal, Western Union, even Visa and MasterCard.

It is time for bitcoin now a huge number of people make money on crypto currency but Bitcoin is the most popular of all.

bright4mech

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Bitcoin has been working perfectly since the day it created with a high potential effective in the crypto industry, which has been circulating from one state to another, therefore base on current situation of bitcoin, I think it needs more investors into the system

catherinegriffinew81

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the only problem that I have faced using bitcoins was it's high transactions fees and slow confirmation but as segwit and soon coming lightning network bitcoins will have low fees and high transactions speed

All I want is to strengthen the security of the bitcoin, because so many people commit crime using bitcoins.

judemarco1996

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Bitcoin i would say are still young in terms of its existance, from then it has a lot to improve for development and for the betterment of its users, holders and enthusiast,one of those is its transaction period, transaction fees and on its safeguarding system. Another thing is the continuous support to bitcoin so that it will last for longer time.

Fintan Lee

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Volatility will diminish once consumers are actually using Bitcoin more as a currency than a commodity. Too much volatility kills demand; anecdotally, it remains the biggest barrier to adoption. So, it is needed to reduce volatility.

bad_apple

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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.

It's just what you have said. Bitcoin really need to show off the very best of its asset as the crypto king having a well-secured and quick transaction. Just improve these two first and there should be a lot of improvements on it (also affects the crypto world issues).

dillpicklechips

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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.

For me, bitcoin is in the stage of infancy where the system are still improving and developing. There's a certain things we need to fix in bitcoin system to reach its own purpose and capabilities. The transaction fees and transaction speed we need to improve this to attract more users so that the demand will rise. And also the privacy and security needs a lot of improvement we need to strengthen it to avoid scammer and hackers that are now active.

CurrenCyTRR

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bitcoin can build ICO

vonnyaries

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as we can see that there are many coin that has more advantages than bitcoin like the transaction fee, confirmation of transaction time, system that they use , but we all know that bitcoin still be the king because as we can see that bitcoin is the one that people trust, not other coin but bitcoin that they trusted

Iconic Love

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Bitcoin is already improve very properly but it is possible to make ut more standard and..it can progress.
Bitcoin is already very popular to people but who use crypto currencies.other peoples who are not usual with crypto currency if we able to undertand them about. bitcoun and its profit, how its work and how simply one can get a better life style by using bitcoin then it will improve..
also 2 things need to change to improve it more.

1. transaction fess ( should be lower)
2. represent bitcoin to non bitcoiners.

jzale

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They should mainly improve two things. First is making the transactions speed faster. That should encourage more users of bitcoin and lessen the burden of waiting. Second is that they should lower the transaction fees regardless of bitcoin's current value. Or the transaction fees of bitcoin should be just and adjacent to the increase-decrease flow of bitcoin's value.

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