What does bitcoin need to improve? - page 58.

Remainder

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Quote from: Captain Sneeze on May 29, 2018, 01:45:59 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 think the things to improve in bitcoin is it transaction speed and aside from that there's there nothing to do because bitcoin now is very successful and very popular.

I agree also, transaction speed must be improve because this is the most common problem that we encounter when we send and receive bitcoin, some other coin are created to be more faster than bitcoin and the example is ethereum network.

Getmon

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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.

Before anything else, let me clarify that even with Bitcoin's present state, it is still the number one and ruling cryptocurrency of all. However, there are still developments that would create a more solid and better Bitcoin. And one of these has something to do with its high transaction fee. I think it could still be lowered down so that it will not hamper its use. Another would be its speed. People want things happening at an instant.

online73

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Ecowatt.io

Hello. I think that everything is in order. But I believe that you do not need to change anything in bitcoins. Bitcoin takes its place in a huge number of digital assets. With all the disadvantages and advantages - bitkoyn remains the most popular crypto coins of the world. But with a huge amount of crypto coins, there are assets that can perform some functions better than Bitcoin. Thanks Bitcoin, the crypto-currency market is a market with very good liquid assets. Therefore, I believe that all thoughts and ideas put into bitcoin work well. I agree that there are shortcomings, but there are spots in the sun. Even with these shortcomings, the system works.

Captain Sneeze

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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 things to improve in bitcoin is it transaction speed and aside from that there's there nothing to do because bitcoin now is very successful and very popular.

deppil

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Quote from: DBronze98 on May 29, 2018, 01:32:07 AM

Bitcoin's system is outdated by Altcoin at the moment. At present all Altcoin is primarily based on Ethereum and NEO. These are platforms that have rapid exchange rates, which displayed in a short amount of time. Bitcoin performs very long transactions and fees very high.

Yeah you're right. I think people who are behind a bitcoin or developer should be aware about it. that competitors from other altcoins are starting to arrive with more sophisticated technology. should they start thinking about this so bitcoin is not left behind by its users because it is outdated.

QueenEde

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Long transaction and high fees. It should be looked into Undecided

DBronze98

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Bitcoin's system is outdated by Altcoin at the moment. At present all Altcoin is primarily based on Ethereum and NEO. These are platforms that have rapid exchange rates, which displayed in a short amount of time. Bitcoin performs very long transactions and fees very high.

franciscoDC

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I think we need to recognize it more to use by many people or tell them what bitcoin have,like porpuses and benifits by using it ,but now bitcoin was getting popular by itself and many country was tottaly accepted it, so im sure we dont need to think it just think positively.

378budiman

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Nothing needs to be fixed with bitcoin, only one that may be noticed with a delivery problem that is sometimes long enough to wait.

kjnfmplm

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In my opinion, the improvements that Bitcoin needs are the transaction speed and transaction fees. Its current transaction speed is not on par with the ETH and other coins. It takes too long to have a confirmation. Also, transaction fees are too damn high. It is not suitable for microtransactions. If they fixed these issues, then it is impossible to dethrone Bitcoin now.

abhi777

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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 that bitcoin enhanced is the security and risks of investing with bitcoin getting better and well developed so as to make the country think positive about bitcoin and its investment

saifanik

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In my opinion, everything needs improvement in some time. Because if people continue to follow the same continuity for a long time, people want to turn away from it. Similarly, Bitcoin needs improvement too. All the advantages were good till now. However, it has not been introduced everywhere. If Bitcoin could be used instead of money, then it would have been beneficial for many. Whoever had Bitcoin, did not have to turn it into money.

dimiinx

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Quote from: nyerok on May 29, 2018, 12:54:34 AM

yes you are right in my opinion bitcoin needs improvement by improving security, and reducing shipping cost is very expensive. because if bitcoin is expensive the shipping cost is also very expensive.

the security of bitcoin depends on our own way how we secure our bitcoin so that our bitcoin is not lost. most importantly we are always careful and not careless so that our bitcoin is always safe.

nyerok

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yes you are right in my opinion bitcoin needs improvement by improving security, and reducing shipping cost is very expensive. because if bitcoin is expensive the shipping cost is also very expensive.

total.room

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Bitcoint is a safer online crypto currency for faster transactions than other coins, this will ensure more people to use transactions faster, this is helpful for easier for bitcoint users around the world

Linhkej

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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 does not need to improve their technology, because it's the current technology that makes bitcoin great.
Bitcoins should be widely accepted. Because their technology helps a lot of people and the convenience is great. Large transactions are always secure and never stolen while trading. That's the advantage of bitcoin and it deserves to be accepted all over the world.

AntonKrutkov806

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The creation of a bitcoin currency provides for inflation to increase at the primary stage, and several years later stability is expected. Why can the value of bitcoin decrease?

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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 will not always be the king, just look a what is happening to it now. It is continuously and gradually going down.
What needs to be done is its slow transaction. Exchange have change alot already before bitcoin has already been sent to your account.

One thing is the transaction fee, seriously? The transaction fee, feels like what I have earned on bitcoin has an interest similar to banks.
More than transactions I think too that bitcoin is perfect.

bitcoinjasensatom

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Quote from: Sachinist on February 14, 2018, 01:49:08 PM

It already is continually evolving.

Entire altcoin market is speculation on unproven assets. There are 1500+ altcoins and every single one of them is vaporware. As long as Bitcoin keeps evolving, every other coin will be shown up for being worthless when the bubble bursts and Bitcoin will rise from the Ashes.

In my own opinion there's no need to improve because as we know Bitcoin as the prevailing cryptocurrency in the global market, with a great increase in value over the last year alone. And then because of unprecedented growth the number of transaction on the Bitcoin blockchain has also increased.

Rath_

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Quote from: Pansamantala on March 13, 2018, 08:49:51 PM

We have no problem with bitcoin's security features since it was one of the most tough securities in the internet. What I want bitcoin to improve is its transaction processing especially for larger credits when you buy bitcoins. Sometimes it gets so slow for a virtual currency that's supposed to provide faster and convenient transactions. Moreover, I would like for bitcoin to be more beginner-friendly so everyond can effectively use it. Some of bitcoin's important features are complex and may seem puzzling for beginners.

To be honest, we are still far from the best possible security model. Without getting into more technical details, we could for example focus on so called Confidential Transactions which would allow us to become even more anonymous. Transaction fees are quite low right now, we shouldn't worry about their future since Lightning Network is slowly being adopted by merchants, although it will take some more time because it's still experimental. We can't anything about Bitcoin complexity. There are plenty of guides available on the Internet.

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