It’s OK for anyone to use ANY cryptocurrency for their requirements, but to say a shitcoin is “better” than Bitcoin because it’s simply “faster”, is a mistake, and has shown that the poster has not done the proper research YET. Although, maybe Bitcoin overshot the security requirements to become a reliable cryptocurrency, it’s still better to over-shoot security than under-shoot.
That just shows a lack of foresight, people for the most part only care about their particular problematic and whichever coin can solve it on the best way possible is the best coin on their mind, they do not understand that a lot more is needed to declare a cryptocurrency to be the best and it is obvious that bitcoin is the best coin out there and it is not even close, now without a doubt the issue of the confirmation speed can be a problem sometimes but it is just something that happens occasionally and you can avoid it most of the time. 
Topic: What is the Reason BTC must be so slow? (Read 685 times)
You need to consider the good things even though bitcoin transactions possess that kind of attribute. There are some good things about it and if you want to get as fast as possible the only way is either you guys trade in the known exchanges or you need to pay a higher fee for a transaction. But the good thing about bitcoin is, it still decentralized and it means, no one can interfere with your bitcoins and your transactions except you. Unlike the coins you are talking about, one move from its creator and they will all dissapear from your wallet.
I think everything that is wanted to be done quickly has consequences that must be paid, in order to get the what we want . It is only natural that with the high present value and large enough traffic, something will happen which will be disturbed by everything we are going to do.but as long as the transaction we do is safe, of course we will use it, even though it seems a bit expensive and slower.
it could be that we give more costs to be even faster so it depends on us too.
but it is not the main thing if we believe that what we are going to transact can be guaranteed its safety compared to us using others that we cannot necessarily get.
You need to consider the good things even though bitcoin transactions possess that kind of attribute. There are some good things about it and if you want to get as fast as possible the only way is either you guys trade in the known exchanges or you need to pay a higher fee for a transaction. But the good thing about bitcoin is, it still decentralized and it means, no one can interfere with your bitcoins and your transactions except you. Unlike the coins you are talking about, one move from its creator and they will all dissapear from your wallet.
Bitcoin transfer times can take as little as 10 minutes to hours, days, or even more than a week. This is mainly because miners have to verify the transactions, and the network can lag sometimes.
Plus shitcoins are OK to be 51% attacked because they don’t truly matter.
Most of the time the people buying these coins either don't understand the significance of these coins being successfully 51% attacked, or maybe they just don't care. Take this thread as an example. People talking about using XRP or BNB because they are faster without realizing these coins are centralized, and the risks that this brings. Just like people who buy Bcash because it is cheaper, turning a blind eye to the fact that Bcash miners have reversed transactions in the past because they disagreed with them.If I want to give up security, decentralization, censorship resistance, etc., in return for speed, then I'll just use fiat. At least if the bank reverses my transaction, I can phone them up and figure out the problem. If a bunch of Bcash miners decide to reverse your transaction, then there is nothing you can do about it.
It’s OK for anyone to use ANY cryptocurrency for their requirements, but to say a shitcoin is “better” than Bitcoin because it’s simply “faster”, is a mistake, and has shown that the poster has not done the proper research YET. Although, maybe Bitcoin overshot the security requirements to become a reliable cryptocurrency, it’s still better to over-shoot security than under-shoot.
A centralized chain such as the smart-chain may be cheaper in terms of fees and faster in sending count between addresses but comes with its vulnerability which is it's not decentralized and can be traced and the owners can do whatever they wished with your fund in the wallets.
The reason is simple in fact. The number of people who make transactions on the BTC network has increased at a very high rate in the recent times. It caused the transactions to be slower than ever and also fees have become much higher than before.
Congestion in the network has always been the reason why it is slow which means that more than enough people are on it and the design capacity was not meant to carry more than 7 transactions per second
What is the Reason the BTC Transactions are Still slow. And Even that expensive also.
Bnb and xrp Nice cheap and smooth.
And ETH is Not cheap to send but at least its fast.
But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
What is the Main Reason the BTC creators Can't fix that Old stupid problem?
I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
Bnb and xrp Nice cheap and smooth.
And ETH is Not cheap to send but at least its fast.
But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
What is the Main Reason the BTC creators Can't fix that Old stupid problem?
I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
All those will be fixed with time,but also note that the awareness increases on the daily and a lot of people are using it now,since there are more patronizers or users now,one might be observing a little daily from time to time before it will be completely fixed
Plus shitcoins are OK to be 51% attacked because they don’t truly matter.
Most of the time the people buying these coins either don't understand the significance of these coins being successfully 51% attacked, or maybe they just don't care. Take this thread as an example. People talking about using XRP or BNB because they are faster without realizing these coins are centralized, and the risks that this brings. Just like people who buy Bcash because it is cheaper, turning a blind eye to the fact that Bcash miners have reversed transactions in the past because they disagreed with them.If I want to give up security, decentralization, censorship resistance, etc., in return for speed, then I'll just use fiat. At least if the bank reverses my transaction, I can phone them up and figure out the problem. If a bunch of Bcash miners decide to reverse your transaction, then there is nothing you can do about it.
One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.
Yup. I like showing newbies the site https://howmanyconfs.com, which shows just how insecure some altcoins can be. The next time someone speaks about how "fast" Bcash is, you can remind them it takes almost 300 Bcash confirmations over several days to be as secure as 6 bitcoin confirmations. Also explains why most altcoins have been successfully 51% attacked.
Plus shitcoins are OK to be 51% attacked because they don’t truly matter. They can surge back up in price and traded for profit, but not Bitcoin. Bitcoin is the leader, “the king”, if it is successfully 51% attacked, it will be a symbolic failure of the feasibilty of cryptocurrency as an alternative to traditional finance.
One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.
Yup. I like showing newbies the site https://howmanyconfs.com, which shows just how insecure some altcoins can be. The next time someone speaks about how "fast" Bcash is, you can remind them it takes almost 300 Bcash confirmations over several days to be as secure as 6 bitcoin confirmations. Also explains why most altcoins have been successfully 51% attacked.because btc is not xrp and other coins that dont have a problem when it comes to transfers
XRP and other centralized coins have huge problems when it comes to transactions. They trade security for their speed. Your transaction might be fast, but it can be censored or frozen at any time. i dont feel a slowdown because i pay high for my fee .
if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
If we take the highest priority, then we have to pay high as well. if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
But unfortunately, not all have the guts to pay $20 just to move Bitcoin that valued only at $50 or even $100 just like you. The fact that paying the minimum fee is still accepted, I'd rather have to choose it and I'm willing to wait until it confirms.
But OP what to have an instant confirmation which is not evident this time. Because even you pay beyond the minimum and take the highest priority it still takes a few minutes to confirm and the reason why? It is because the blockchain network is facing huge transaction demands and you are not the only person who did and pay high.
im not willing to pay a high fee if im sending small amounts of btc because to me its not worthy but if in emergency situations and i need the money in a fast possible time i will take that .
op is demanding and he wants other coin developer to comunicate with satoshi and fix this problem . thats a disrespect for a person that is peacefuly resting
i dont feel a slowdown because i pay high for my fee .
if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
If we take the highest priority, then we have to pay high as well. if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
But unfortunately, not all have the guts to pay $20 just to move Bitcoin that valued only at $50 or even $100 just like you. The fact that paying the minimum fee is still accepted, I'd rather have to choose it and I'm willing to wait until it confirms.
But OP what to have an instant confirmation which is not evident this time. Because even you pay beyond the minimum and take the highest priority it still takes a few minutes to confirm and the reason why? It is because the blockchain network is facing huge transaction demands and you are not the only person who did and pay high.
i dont feel a slowdown because i pay high for my fee .
if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays .
this two coins are not for you if your a perfectionist
Every old Will die one day.
Btc is old and btc funerals not far away.
Eth xrp Will replace btc I Think
Btc is old and btc funerals not far away.
Eth xrp Will replace btc I Think
Of course, we will all die at some point. Only Bitcoin, I believe, will outlive us both.
Of all the candidates, you choose those two? LOL, it will never happen!
What is the Reason the BTC Transactions are Still slow. And Even that expensive also.
Bnb and xrp Nice cheap and smooth.
And ETH is Not cheap to send but at least its fast.
But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
What is the Main Reason the BTC creators Can't fix that Old stupid problem?
I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
Those coins that you are talking about are centralized and controlled by some people. BNB and XRP to be exact. They can change anything they want according to their own will. I have also heard that USDT is somewhat centralized and your wallet can be frozen. Bnb and xrp Nice cheap and smooth.
And ETH is Not cheap to send but at least its fast.
But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
What is the Main Reason the BTC creators Can't fix that Old stupid problem?
I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
BTC is completely decentralized. Slow confirmation and high fee mainly happens due to network being underload. By underload I mean high traffic. Block size r limited, hence the miners can't put in all transactions in one block. If you want to get your transaction included in the block, you will have to prioritize it by paying high fee. Now if you want to change the block size, you will have to change the protocol. Since it is decentralized just one person can't change it. A greater portion of people must agree to the change for this to happen.
But how will it be "less secure" if the block timing is less ? I am not sure how secure Solana is
I have never heard of this altcoin before so cannot comment on specifics, but it is simple math.
It’s another shitcoin platform “secured” by Proof of Stake. Very flawed security assumptions.
What newbies don’t understand, and why they think Bitcoin is “slow”, is because it’s about the settlement assurances. One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.
What is the Reason the BTC Transactions are Still slow. And Even that expensive also.
Slow? i did not notice as i send Bitcoin today.Quote
Bnb and xrp Nice cheap and smooth.
Then Use those coin , no one is preventing you right?Quote
And ETH is Not cheap to send but at least its fast.
But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
You have too much complaints lol.But erc 20 tokens... Like USDT its stupid and insane how high are fees!!
Quote
What is the Main Reason the BTC creators Can't fix that Old stupid problem?
I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
Have you seen Satoshi still active? I m Kind of person I Want quality of everything.
And no time for bs.
Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
I don't think Bitcoin is slow. Look at the charts and you will understand that the price rise is very rapid.
Maybe the reason that OP thinks that bitcoin is slow is because there were runs in the market where the increase only took days or within weeks but right now it feels like the prices are going slow in terms of going up in prices. I feel like it is slow for me but I think that it is a good thing because you have a bigger window of time to buy bitcoin at lower prices because it has been speculated that it will go up and you don't want to be missing if it ever happens. Jump to: