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Author Topic: What Does Bitcoin Need?  (Read 4750 times)
TheButterZone
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February 12, 2015, 01:29:23 AM
 #61

It needs the following universal shift:
Payment processors, as they currently operate, are responsible for bitcoin losing its value. Choke off the endless market sells payment processors are doing for retailers, service providers and miners, and demand will outstrip supply=price increase. Since there is insufficient bitcoin transaction volume to cause bankruptcies for fiat-primary businesses, payment processors could add value to their services by letting their business customers set a profit threshold, for example:
Retail customer pays $5 worth of BTC to payment processor address
Business customer sets 5% profit threshold with payment processor
Payment processor sells BTC for $5.25 as soon as a bid is found that high, credits fiat to business customer

Saying that you don't trust someone because of their behavior is completely valid.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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gadman2
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February 12, 2015, 02:09:01 AM
 #62

Less idiots.

silversurfer1958
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February 12, 2015, 06:04:25 AM
 #63

A facility to allow time delayed transactions so I can send BTC to a secure Brain wallet address 5 yrs in the future.

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February 12, 2015, 06:24:48 AM
 #64

Adoption. We need more people to use Bitcoin. However, to do that, we need a faster confirmation time.

So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.

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redsn0w
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February 12, 2015, 06:33:45 AM
 #65

Adoption. We need more people to use Bitcoin. However, to do that, we need a faster confirmation time.


A fast confirmation isn't possible without a third party ( like greenAddress, it has an "instant confirm" function).
For me bitcoin should only remain decentralized, and maybe in the future will be a good alternative for a lot of people.
pooya87
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February 12, 2015, 06:54:32 AM
 #66

1) faster confirmation or as you said lower transaction times
2) more adoption by either users and/or merchants
3) most importantly IMO, is stable price not 100$ difference every month

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February 18, 2015, 03:36:45 AM
 #67

Question:What dors bitcoin need?
Answer:A new owner Tongue
koelen3
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February 24, 2015, 06:04:33 PM
 #68

Obviously some faster confirmation time and some Insurance maybe???
JessicaSe
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March 01, 2015, 07:54:03 AM
 #69

imo

1. faster transaction confirmation
2. work on anonymity , either using a wallet inbuilt mixer or any other method
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March 01, 2015, 10:15:31 AM
 #70

1. Faster confirmations (BUT, this will increase transaction fees)
2. Better security (for unsophisticated or lazy user, there needs to be a mechanism by which after every spend, the difference in your account is automatically send to a cold wallet generated on the spot. There must also be a way to store the private key that comes along with it.)
3. Less volatility (if I knew how to solve this problem I'd be rich).
Daniel91
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March 01, 2015, 10:53:02 AM
 #71

I think that answer is very simple.
- More users
- More merchants accepting Bitcoin.

Without this, BTC will never become mainstream.

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