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Topic: What does bitcoin need to improve? - page 62. (Read 4146 times)

sr. member
Activity: 854
Merit: 257
February 14, 2018, 11:34:48 PM
#46
the need for bitcoin to improve it is a lot of investors and as many investors are also increasing their users and scammers should use the name bitcoin to get rid of their fellow men to clean the name bitcoin to other investors saying that bitcoin is just a scam.

Every where has a scammer and we cannot get rid of that I think it is already part of the society. Getting investors is what most of the campaign goal and they really good at it promoting bitcoin and also their product. Bitcoin is bitcoin we cannot do anything and bitcoin as is are good on what is happening we cannot please every one country government to unbanned bitcoin because in their country bitcoin used it at the black market and bought illegal things.
member
Activity: 429
Merit: 10
February 14, 2018, 11:18:18 PM
#45
the need for bitcoin to improve it is a lot of investors and as many investors are also increasing their users and scammers should use the name bitcoin to get rid of their fellow men to clean the name bitcoin to other investors saying that bitcoin is just a scam.
newbie
Activity: 25
Merit: 0
February 14, 2018, 11:12:33 PM
#44
I think, for now Bitcoin is one of the safer and more reliable online currencies, it may just be the conversion process that needs to be fixed, meaning bitcoin can be directly used for transactions, because not all countries can directly use bitcoin but bitcoin must be converted to local money
member
Activity: 252
Merit: 11
PLAYHALL - SKILL GAMING PLATFORM
February 14, 2018, 11:07:23 PM
#43
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.

Two things need to be worked mainly- transaction fees should be reduced and we should see faster transfers. This will ensure that more people use it for transactions.

This is true. The most frustrated things about BITCOIN is the transaction fees. Its very expensive.
Especially if you want to doing some arbitrage between exchanges.
full member
Activity: 196
Merit: 100
February 14, 2018, 11:01:36 PM
#42
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.
Though we can say that bitcoin is the best crypto, there are still a lot of things that it should improve for the convenience of its users. First, atleast, btc must comply with the government's requirements so that it will be legal to some other countries that banned it. Production and generation of bitcoin requires a lot of power. I think in that case, it is not very eco-friendly and must really need a lot of improvement in that aspect. And also, transactions, bitcoin's exchange is a bit congested and ask too much for transaction fees, lowering the price for each transaction  would be a big help to the users.
full member
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
February 14, 2018, 10:46:33 PM
#41
do you mean that will beat bitcoin? yes, many new altcoins are predicted to beat bitcoin, like bitcoinfuji, and even rumors say that BCH is the original bitcoin.

but I do not see any altcoin that develops well until today except bitcoin, although bitcoin has a deficiency that needs to be fixed.

maybe NEO, Zcash, ETH, but the value is still far from bitcoin.
jr. member
Activity: 145
Merit: 3
February 14, 2018, 10:21:55 PM
#40
is in desperate need of improvement because in some countries it is considered illegal transactions. btc must adapt to the requirements provided by the government to be used as a valid transaction tool.
member
Activity: 115
Merit: 10
Get your share of the future
February 14, 2018, 10:06:47 PM
#39
We all know that bitcoin has a problem in scalability, I hope somepeople can solve this problem. I have a problem when bitcoin price reach $20000, its transaction fee is very expensive, I think this is the most important thing that bitcoin need to improve.
full member
Activity: 560
Merit: 104
February 14, 2018, 10:03:27 PM
#38
I found just one shortage of bitcoin, that's take long time to transfer, be sides of that I'm not found any problem, and bitcoin have plus poin that's like good for investment because bitcoin is very fluctuate, and bitcoin the only one most famous cryptocurrency in the world because of the little total supply, that's make the price grow up day by day and bitcoin called the king of all coin.
hero member
Activity: 1134
Merit: 502
February 14, 2018, 07:57:22 PM
#37
The problems that i can see in Bitcoin that needs to get improvement are the transaction fee and the speed of transaction, In the past when the Bitcoin price isn't this high yet the speed are almost instant, the fee are very cheap unlike now even if we just had a price correction fees are still crazy. This is the reason with the fork but the fork coins also cannot solve it.
member
Activity: 359
Merit: 15
February 14, 2018, 07:47:57 PM
#36
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 know that the fees is not from bitcoin but its from the third party website or in the exchange websites or something this is a problem the big fees and the slow of transaction it will take 2 - 3 hours in our country and its the short waiting time but the longest is it takes weeks to confirm the transactions. 
full member
Activity: 322
Merit: 107
February 14, 2018, 07:39:47 PM
#35
In my opinion everything was perfect in bitcoin aside from being really secured in our accounts.To avoid those hackers who want to get our money immediately,I want them to be punished in their crime.But in terms of our transactions and doing work with it there is no problem with it.
full member
Activity: 350
Merit: 100
BITDEPOSITARY - Make ICO's , More Secure
February 14, 2018, 07:33:52 PM
#34
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 there is nothing wrong with bitcoin aside from its high fees, its volatile nature is surely not an advantage but for me it compliments bitcoins market and make it much more conducive for trading. I think its still too early for altcoins to overthrow bitcoin and somehow bitcoin makes altcoins shine more and they go hand in hand in this matter.
newbie
Activity: 126
Merit: 0
February 14, 2018, 05:14:52 PM
#33
For me i think bitcoin will really need to develop or improved its speed of transaction of payouts or cashouts, cause it takes a day or two for you to cash it out, and also its transaction fee, its whooping high for a transaction fee, thats all its not that a really problem to be fix, its just that there are so many other coins now that can compete with bitcoin, so what bitcoin needs to do is to improve its self.
full member
Activity: 326
Merit: 103
OrangeFren.com
February 14, 2018, 05:09:42 PM
#32
I think bitcoin needs a lot of improvements because I sae new cryptocurrencies that are better than bitcoin and have more advantages than it but still bitcoin is the king because that is the right place for it. First of all the transaction fee should be lower. It may seem that 1$ per transaction is pretty low but think if you want to make hundreds of transactions everyday. That means a lot of money spent only for the fees. The confirmation time for transactions should be higher because it takes some time to receive 6 confirmations.
full member
Activity: 210
Merit: 128
February 14, 2018, 05:06:14 PM
#31
Perhaps the need to improve bitcoin is the fast payoff of those who play bitcoin because those who are bored are thinking that they are scams, and that the bitcoin price is no longer going down that is what I want to improve in bitcoin and wish to be fulfilled.
copper member
Activity: 1050
Merit: 294
February 14, 2018, 04:47:16 PM
#30
Right now bitcoin is facing two major problems i.e High transaction fee and long confirmation time, these two major issues need to be resolve to make bitcoin more attractive and convenient for use.
Quick transactions are needed in order to use cryptos in routine because no retailer can bear long confirmation time.
full member
Activity: 602
Merit: 118
February 14, 2018, 04:28:24 PM
#29
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.

Various aspects of the weakness of bitcoin is no longer secret, various platforms cryptocurrency, not hesitate to publish it and compare it with their crypto. But still the bitcoin popularity isn't invincible at all.

There's one problem that need to be fixed bitcoin yes that's the bottleneck. Bottleneck is the source of all the problems that are in bitcoin, and results in the high transaction fees, has made many traders reluctant to trade bitcoin especially small traders with minimal capital.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
February 14, 2018, 03:52:45 PM
#28
Bitcoin needs fast and cheap transactions. To improve the speed of transactions and make them less expensive and even secure, we'll soon have Schnorr. Devs are already working on Lightning Network, but with Schnorr multisig is handled like a regular signature, which make transactions more secure.
legendary
Activity: 1232
Merit: 1091
February 14, 2018, 03:24:45 PM
#27
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.

SegWit itself won't be doing anything in terms of confirmation times, so even with a sufficient fee you may end up having to wait like 40 or so minutes to see a block come through. Lightning's off-chain way of conducting transactions will counter the confirmation times and make transactions settle basically instantly. Regarding other coins offering cheaper and faster confirmations -- the only reason they allow transactions to be sent back and forth for basically free, is that they lack actual usage. Bitcoin having full blocks means that there is more demand for block space than there is available, which is something to be proud of, really. All other coins with their empty rubbish networks can only wish to have full blocks.
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