What does bitcoin need to improve? - page 49.

shesheboy

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Quote from: roshanface123 on June 04, 2018, 06:03:37 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 is a good system for making investment. But it had to improve its facilities by reducing its transaction costs and make bitcoin more securable.

bitcoin is not a system because it is a currency. bitcoin does not also have a facilities because it is not a place or a building. Bitcoin transaction fees are also fully dependable which means when the value of bitcoin is low the transaction fees are also low. And lastly bitcoin is already secure. You should only be careful on what you do online in order to avoid any other issues.

For me i think bitcoin is already perfect and will not need any improvements or modification.

roshanface123

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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 a good system for making investment. But it had to improve its facilities by reducing its transaction costs and make bitcoin more securable.

riuzfairus

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

upinros

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Yes 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. Most Altcoins come out in 2017 even if they manage to get a lot of value, they still can not get past Bitcoin because they do not have Bitcoin support is the energy requirement used to mine Bitcoin, it will always be a sticking point for many people and something to attack Bitcoin. If ways can be found for mining as fixed in terms of advantages and functions but to reduce energy consumption then it will be a big improvement.

Jiralhanae

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Bitcoin has to improve alot things for the betterment of the Cryptocurrency. Bitcoin has to improve their scalability issues, Speed transactions if they want it to be a future "global currency", cut down the cost for transaction fees and Introduce new technology into their Blockchain technology such as Future Contracts, gaming, token bridge and they will have to swift from PoW especially with the mining diffculty increasing so much.

kabelpeggek

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Well 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.I know that there are some coins which have no fees and are instant but I don't think so that they can handle the traffic which bitcoins handles.Bitcoins getting regulated by the government can be good for bitcoins as it would show green light to all the investors who were scared to invest in bitcoins because many people thought and media spread alot that bitcoins are illegal and all negative things.

Jiralhanae

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Quote from: mrado2 on January 03, 2018, 05:17:16 PM

Hi guys!
iam kind of noob of this bitcoins and i have some questions i need to have answer on.
is it worth to invest right now? do guys think its gonna rise up much more or just crash?
should i buy btc, or just mine it by my self?
best regards

Yes and No, For a long term investment I don't I think so but for a short term long yes it is a must have because it's popular in the Cryptocurrency market.
When it comes to 'should you buy or just mine it' yourself part. I suggest that you buy the dip because of the mining diffculty Bitcoin is facing right now
and as well with the energy consumption diliemma. I don't think it's worth and a lot of people are starting to question the profitability of Bitcoin mining.

https://cointelegraph.com/news/one-of-europes-most-energy-efficient-data-centers-tests-btc-eth-mining

gelaskopi

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Quote from: poisonivy77 on June 03, 2018, 11:09:28 AM

There are no real issues regarding bitcoin, it is perfect as it is, very secured online currency very transparent there is nothing Like this if I really have to point out at some thing that would be its centrality.

So that means for now bitcoin has not needed any improvement in the system. But I think bitcoin is still not perfect, and to reach that level, it needs an improvement. When some renewal is done, some other weaknesses of bitcoin will be covered. But somehow I agree that the current state of bitcoin is pretty good, so the improvement is still not needed.

Tiksi_Bay

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I found WHenHub project and I am excited! Do you know why? Because using WhenHub ( which is part of the WhenHUb Interface Network) people seeking Subject Matter Experts (SMEs) can find them, interact with them, and finally pay for the SME’s time, without friction and with the convenience of a mobile application using digital utility tokens called "WHEN Tokens"

electronus

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as the cost of bitcoin increases and the number of its users increases, the number of transactions increases, which, no matter how cool, the network of bitcoins can no longer process as quickly as before. there is a scalability problem. and the key concept used in this case is the block size limit.

Hotrod_88

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Quote from: Ris88 on February 14, 2018, 12:34:31 PM

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 there is nothing to fix with bitcoin, because bitcoin is very good, but only one is possible for us with the problem of delivery that sometimes, long to wait until 6 confirmation ...

For me the security / privacy should improve in bitcoin. In making transaction i suggest to highly secured the details from person to person.

FlightyPouch

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Quote from: qwertyuiop0987654321 on June 04, 2018, 02:57:45 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.

I don't think there is need for Bitcoin to improve. It is acceptable as what it is now. It increases and decreases. Though its value varies it is really helpful.

It still has a lot of things to improve including it's fees and it's transaction speed. In the near future, there will be a computer that is able to hack the blockchain and that means it is also needed to be developed.

mrben77

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Quote from: DimensionsOfHell on June 04, 2018, 04:30:57 AM

one of the main problems - scalability, confidentiality and anonymity. will help in this technology MAST. but this solution is still under development.

The proposed MAST kind of flexibility of smart contracts is not completely new - there are several "either / or" (or / or) designs that can be executed using P2SH (requiring signature from Alice or a signature from Bob and Carol, etc.). However, there is also a size limitation applied to the various options used by the protocol.

sandraonas

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Bitcoin is amazing but seem to be lagging behind in terms of further development. Two areas i think there should be improvement in bitcoins are speed of transactions and transaction fees.Until we have a near instantaneous transfer at near zero fee,bitcoin will not have much acceptance by merchants

DimensionsOfHell

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one of the main problems - scalability, confidentiality and anonymity. will help in this technology MAST. but this solution is still under development.

Evangelin25

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secured transactions!!!!!

rumexx

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Bitcoin need to improve on its scalability issues. Last few days we noticed that the fees are coming down but the time to complete a transaction is still too long. The developers should do something in that direction.

jessicaldiaseso

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Bitcoin will not always be the king, just look a what is happening to it now. Bitcoin just need to reduce the shipping cost and speed up the delivery process I think it is very enough.

danielwang2112

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Monero not only has confidential transactions but anonymity of the sender and recipient. Not only that, but almost every transaction is like that since privacy is default. We as investors, should create proper awareness about bitcoins like how it works and what are its benefits. If we are able to create some interest in the mind of politicians, they might start learning about bitcoins.

anonymous2020

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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.

My suggestion is that bitcoin needs to improve their level of reaching people throughout the world through conducting many seminars worldwide so many people will be educated about bitcoin..in that way many will join the bitcoin community.

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