Well... everything is there, there are no more excuses, there is what is necessary for any situation, just start now, the improvements have been implemented to the extent of the requirements demanded in the particularity individualy or community.
One moment, if you look at traditional banking and realize that international transfers continue to play with the confirmation times of a simple transaction, not to mention the intermediaries, fees, then who has to improve, everyone, bitcoin has its advantages and disadvantages, come on, there is a "financial ring;" let's just do it, buy, sell, invest, etc. Let's stop with the cheap excuses....
Topic: What will be the feature of Bitcoin? (Read 208 times)
I think the big feature of Bitcoin will be shown when banks start collapsing and people are lining up all day outside ATMs to withdraw a tiny bit of money that the limit at the time will allow. Of course by then it will be too late to buy Bitcoin, but those who own it already will be the only ones with any sort of real financial freedom.
The Lightning Network is one promising solution to address the scalability issues you mentioned. As it enables off-chain transactions, it will also significantly increase the network's capacity and reduce congestion, which will allow faster and more cost-effective transactions. This will even help make Bitcoin more suitable for daily transactions (hopefully we get here on a global scale) Also, the Lightning Network can contribute to privacy because it doesn't require all transactions to be recorded on the public blockchain. But then, the development and adoption of such solutions will definitely take time.
I think as the adoption of Bitcoin increases the issue of scalability will certainly be addressed by developers. Indeed, the scalability of Bitcoin can now be said to be inferior compared to other cryptos, but people still prefer Bitcoin because of its security and its more popular use compared to other cryptos.
And the scalability that Bitcoin has now doesn't seem to be much of a problem for people who still use bitcoin in their transactions, it's just that when the network is congested because of "garbage" on the network it makes people annoyed because of the high fees.
And the scalability that Bitcoin has now doesn't seem to be much of a problem for people who still use bitcoin in their transactions, it's just that when the network is congested because of "garbage" on the network it makes people annoyed because of the high fees.
Bitcoin is always undergoing development, and scalability is also a main focus in developer development. The issue of fees is also the main focus of developers, where transaction fees accumulate will increase but are still at a reasonable stage. When compared to ethereum, Bitcoin fees are still relatively low.
I am sure that as there are more BTC users and transactions on BTC, the scalability will also be upgraded.
Quote from: DapanasFruit
I am looking forward to the time when Bitcoin is widely used in business transactions offline and online especially that the eCommerce boom is really flourishing with no end in sight. Hopefully, the Lightning Network will be playing a significant role in the push of Bitcoin into the mainstream population where anybody can be using his/her Bitcoin to pay for tissue paper or pay someone who polish your shoes.
I guess, there are some countries that made BTC legal tender and they have the freedom to buy any kind of goods and services in that particular countries and use BTC to pay like the way we use fiat money to buy anything we want to buy from the seller in the market and pay with fiat. If you look round the whole world, you will discovered that BTC is everywhere for people to have access and to let their government know that it is very important for the government to make it legal tender so that they can apply it in their businesses like the way El Salvador and other countries that made it legal tender are using it to improve their economy.I believe many people are waiting for such thing to come for everybody to start using BTC in their various environment to do physical business since is very safe and secure in the process of transaction, and it hard for the buyers and sellers to have issues about their transaction.
I think as the adoption of Bitcoin increases the issue of scalability will certainly be addressed by developers. Indeed, the scalability of Bitcoin can now be said to be inferior compared to other cryptos, but people still prefer Bitcoin because of its security and its more popular use compared to other cryptos.
And the scalability that Bitcoin has now doesn't seem to be much of a problem for people who still use bitcoin in their transactions, it's just that when the network is congested because of "garbage" on the network it makes people annoyed because of the high fees.
And the scalability that Bitcoin has now doesn't seem to be much of a problem for people who still use bitcoin in their transactions, it's just that when the network is congested because of "garbage" on the network it makes people annoyed because of the high fees.
there will be subnetworks for niche uses. but the current ones the devs and their sponsors/PR plebs promote are not fit for purpose. so we will see some innovation of other subnetworks that are more secure, less buggy, less bottleneck issues and just better in many ways, in the future
that said bitcoin devs needs to actually care about bitcoin again and be responsible for looking for LEAN ways to transact to allow more transactions per block. AND extend the blocks to allow even more transactions.. they need to move away from the "let any junk occur" model and actually make bitcoin do its main job again and do it efficiently to gain maximum use case of BITCOIN utility not junk utility.
that said bitcoin devs needs to actually care about bitcoin again and be responsible for looking for LEAN ways to transact to allow more transactions per block. AND extend the blocks to allow even more transactions.. they need to move away from the "let any junk occur" model and actually make bitcoin do its main job again and do it efficiently to gain maximum use case of BITCOIN utility not junk utility.
For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
Bitcoin is the only coin in my portfolio at the moment. And this is because I am sure that it will increase in price, because no other coin is called digital gold. Bitcoin is number one and even if it drops in price compared to other coins, it will still grow in price as a rarity later. It's a pity that Ordinals showed how outdated the bitcoin network is, and how slow it can work. But I'm glad that there are solutions like Lightning.
For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
I think Bitcoin has been safe since Bitcoin was created, it's just that there is a lot of FUD News everywhere, so a lot of people are afraid to use Bitcoin. Maybe those who spread FUD news about Bitcoin just want the dominance of the dollar will not be rivaled by Bitcoin. 
I am looking forward to the time when Bitcoin is widely used in business transactions offline and online especially that the eCommerce boom is really flourishing with no end in sight.
Hopefully, the Lightning Network will be playing a significant role in the push of Bitcoin into the mainstream population where anybody can be using his/her Bitcoin to pay for tissue paper or pay someone who polish your shoes. That would be lovely but there are still many challenges before we can get there....as Bitcoin remains to be an evolution with revolutionary features.
This is the hope of every bitcoiner. We want bitcoin to be accepted in the whole world so that things like cost of living will be reduced. Probably inflation will not be as it is again because fiat will not be the default currency for exchange. The lighting network should be made easy because as it is, it is not easy like other networks to be used. For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
In my opinion, from the past until now, bitcoin has remained safe, the security of bitcoin lies with those of us who own bitcoin. As long as we are able to protect our wallets from dangerous viruses and no one knows our keys, Bitcoin will always be safe. Bitcoin is a ledger that can verify all transactions so that anonymity can still be traced, but as long as we do not link our wallet with KYC or other identity then our privacy will remain safe. If we want to better protect our privacy, we can use mixers to disguise bitcoin transactions
Apart from that, of course Bitcoin will always be upgraded regularly to make it more efficient and easier to use, such as the presence of Segwit and Lightning.
For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
I think it's already been an issue to Bitcoin or in the entire crypto industry where there's a lot of transactions causes traffic. Which they are trying to solve and finding a good way to resolve this kind of problem, since Bitcoin is an impressive technology that was invented so it won't be possible to fix this issue. For sure it might take years or decades for Bitcoin to reach it's peak for adoption that a lot of people use it in everyday life. But imagine this Bitcoin survived existed for a long time without having any problems with the system itself. And it would be a good impact to crypto industry once it got a mass adoption.
Bitcoin's scalability is a slippery slope because not one layer-2 has actually penetrated retail usage. But while there's not much success today, doesn't mean that there will be no success forever. At some point some smart nerd would figure out Bitcoin's scalability through whatever means.
Scalability? I think that's been solved. Years ago. That was why that whole "civil war" happened. Lightning to me is the solution -- adoption (which relies also on ease of use and desire) is outside the point. Bitcoin was the solution for independent money, its adoption is outside the point.
It's privacy, really, that's the immediate focus of Bitcoin. It's what I can tell as an outside normie observer.
It's privacy, really, that's the immediate focus of Bitcoin. It's what I can tell as an outside normie observer.
I am sure you meant "What will be the future of Bitcoin", no worries.
The future is bright, just like the past. Let's focus on the present and make it count instead of worrying about the upcoming future.
You cannot control what will happen in future, you can only control your present. So why not focus on that?
Scalability will only happen if we find a good feature that allows payments on Bitcoin Network instantly, and that has already been developed, just need to be implemented on mass scale.
The future is bright, just like the past. Let's focus on the present and make it count instead of worrying about the upcoming future.
You cannot control what will happen in future, you can only control your present. So why not focus on that?
Scalability will only happen if we find a good feature that allows payments on Bitcoin Network instantly, and that has already been developed, just need to be implemented on mass scale.
For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
Scalability is a big issue that is not yet solved since inception. There is definitely lightening network available but it is a side chain. So it cannot be claimed as a part of Bitcoin network. If we want to have global adoption of Bitcoin payment system scalability is something we need to solve sooner than later.
I personally believe the best feature of Bitcoin is its privacy. That is why a lot of people use Bitcoin apart from the investor group. But unless scalability issue is resolved the Bitcoin network will struggle to accommodate ever increasing number of transactions.
I think Bitcoin will be regulated by the government. Yes, government probably will not have full control over the bitcoin, but it will find some levers of pressure to fight against terrorism, drug dealing etc. I even let myself to assume, that government successfully does it right now. Big exchanges, big DeFi projects work with the government to stop illegal actions and I can't say that it's bad. Just my thoughts, maybe I'm wrong, maybe I'm right.
That is why there are bitcoin improvement proposals BIPs and they contains all of these and many more, the introduction of the layer 2 protocols in making transactions under scalability, lower fee and fastness bring about bitcoin offchain transactions, the lightning network and many more that had already been a solution now, things are rather getting better for now because bitcoin is now widely used.
I am looking forward to the time when Bitcoin is widely used in business transactions offline and online especially that the eCommerce boom is really flourishing with no end in sight. Hopefully, the Lightning Network will be playing a significant role in the push of Bitcoin into the mainstream population where anybody can be using his/her Bitcoin to pay for tissue paper or pay someone who polish your shoes. That would be lovely but there are still many challenges before we can get there....as Bitcoin remains to be an evolution with revolutionary features.
For my own opinion as Bitcoin becomes more widely used, it will bekre secure and safe for user information privacy. I think scalability will be more focus because can only handle limited transaction per second.
Everything can be improved in future, with upgrades of Bitcoin Protocol but something you have to know.People must use their Bitcoin inputs, outputs well to secure their privacy. It is their responsibility, not Bitcoin. Their practice decides protection on their privacy and anonymity.
Scalability can be voted and protocol can be upgraded but you have to know Bitcoin Cash had bigger block than Bitcoin but people less favorite to use Bitcoin Cash blockchain. They actually prefer Bitcoin blockchain, that is more secure, stronger to be against 51% attacks.
https://howmanyconfs.com/
With 6 Bitcoin blocks, you will need like 860 Bitcoin Cash blocks that need about 6 days, to have similar security. Do you want to choose BCH?
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