Stedsm (OP)
Legendary
 Offline
Activity: 3052
Merit: 1273
|
 |
December 22, 2014, 02:04:08 PM |
|
What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?
In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)
|
| .SHUFFLE.COM.. | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | .
...Next Generation Crypto Casino... |
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
newIndia
Legendary
Offline
Activity: 2198
Merit: 1049
|
|
December 22, 2014, 02:07:28 PM |
|
1. Faster confirmation.
2. Wallets with truly random seed for address generation.
3. More merchant adoption who will do business in bitcoin, not dump in the market.
|
|
|
|
Stedsm (OP)
Legendary
Offline
Activity: 3052
Merit: 1273
|
|
December 22, 2014, 02:22:00 PM |
|
1. Faster confirmation.
2. Wallets with truly random seed for address generation.
3. More merchant adoption who will do business in bitcoin, not dump in the market.
2. Wallets with truly random seed for address generation. Don't all wallets have this (the known ones at least) 3. More merchant adoption who will do business in bitcoin, not dump in the market. We must convince them for this to happen! |
| .SHUFFLE.COM.. | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | .
...Next Generation Crypto Casino... |
|
|
|
M8
Newbie
Offline
Activity: 57
Merit: 0
|
|
December 22, 2014, 02:27:44 PM |
|
I think what bitcoin really needs isn't down to the technical side but just down to adoption and awareness. Stuff like confirmation times seem irrelevant to me as the transactions are instantaneous.
|
|
|
|
|
|
thew3apon
|
|
December 22, 2014, 02:29:58 PM |
|
More people knowing about it and using it.
|
|
|
|
|
|
elephantas1
|
|
December 22, 2014, 02:51:02 PM |
|
More people knowing about it and using it.
thats what btc community needs not bitcoin itself |
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
|
|
December 22, 2014, 02:52:52 PM |
|
1. Faster confirmation.
It was actually designed for optimal confirmation. There are ways to have instant confirmation using third parties, but network propagation has limitations. 2. Wallets with truly random seed for address generation.
Mycelium has a hardware wallet generator that allows the user to create their own entropy. 3. More merchant adoption who will do business in bitcoin, not dump in the market.
Of course they would prefer that if just to save the exchange fee. They already save on credit card processing fees. They also have to deal with tax laws and corporate expectations. If bitcoins are considered a commodity, then they are considered unsold goods. That looks bad to bean counters. Bitcoin needs new legislation for business. Baby steps. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
|
|
|
|
sandy47bt
|
|
December 22, 2014, 02:56:32 PM |
|
1. Better TX fee & confirmation speed
2. A real bitcoin user that use bitcoin as currency
3. Bigger user / community
4. Easy to use wallet for normal people
5. More service that accept bitcoin
|
|
|
|
|
kasman5
Jr. Member
Offline
Activity: 56
Merit: 10
|
|
December 22, 2014, 03:03:56 PM |
|
I think it's viable as is but would like to see more services built on top of it.
|
Trade bitcoin futures contracts with high leverage  Click Here (https://www.bitmex.com/register/n1ifPv) |
|
|
|
cheekychap
|
|
December 22, 2014, 03:16:53 PM |
|
What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?
In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)
Low transaction time would definitely be a necessity to integrate it into payment systems. However the security factor depends more on the wallet, that is used to store bitcoins in. |
|
|
|
|
ikydesu
|
|
December 22, 2014, 03:22:54 PM |
|
More distribution?  More merchant accept bitcoin. Wallet with high security(its really need). |
|
|
|
|
spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
|
|
December 22, 2014, 03:24:54 PM |
|
A need for the average person to use bitcoin, that is all.
|
|
|
|
|
|
commandrix
|
|
December 22, 2014, 03:53:18 PM |
|
Bitcoin needs more people who can take a leadership role about educating people and businesses about Bitcoin (and fewer grumpy people).
|
|
|
|
|
btckold24
Sr. Member
Offline
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
|
|
December 22, 2014, 04:46:09 PM |
|
for most of us on here having a wallet on our phone or computer and sending btc is easy. For people like my mom who I gave .25 btc to get her started it took forever just to explain to her how to store it and update her wallet etc.
Ease of use is the short answer but many different things need to be solves within ease of use lol.
|
|
|
|
|
ticoti
|
|
December 22, 2014, 05:26:10 PM |
|
I think that reducing the transactions time must be a priority in the next changes
it is not good that if you want to move coins you need even hours to have them ready
|
|
|
|
|
|
promojo
|
|
December 22, 2014, 05:29:41 PM |
|
What it also needs:
1) Less volatility. If you want Grandma and Grampa to adopt it or Average Joe. They are not going to transfer their funds to Bitcoin from CHQ/SAV and look at the ticker every hour and worry about losing on a dump.
2) More consumers. Getting merchants means nothing at this point now. We have major companies accepting but nobody spending.
3) Ease of use.
4) Make it worth while and advantageous compared to Fiat or CC. Offer discounts... rewards. Otherwise they ain't switching.
Start there.
|
|
|
|
|
Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
December 22, 2014, 05:47:30 PM |
|
I think this:
1) Faster confirmation. 10 minutes is too much actually and is uncomfortable for that people which pay with bitcoin.
2) Number of transaction for second. 7 is too low and actually VISA (for example) process 48 billion transaction in one day. Bitcoin only 80.000 and it is able to process only 605.000 transaction.
3) Big raise of price and an ETF for introduce liquidity to the market
|
|
|
|
|
krishatnet
|
|
December 22, 2014, 05:47:53 PM |
|
Awareness of bitcoins to more people from all over the world.
More security to wallets and limited downtrend
Adoption from more merchants as a payment method.
|
We Support Currencies: BTC, LTC, USD, EUR, GBP
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
|
|
December 22, 2014, 06:39:06 PM |
|
actually: just time.
|
|
|
|
|
inigthz
|
|
December 22, 2014, 06:45:20 PM |
|
What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?
In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)
Remote destruction by self if stolen.  |
|
|
|
|
|
