Bitcoin Forum

So with all the drama going on and people questioning or losing hope in bitcoin, do you think bitcoin should improve and more importantly can improve? And if yes, how?

The biggest improvement I can imagine is finding a way to return to decentralized mining.

Bitcoin has given users the best it can from the day it existed and through the different earning availabilities. Now what the big people need it is that bitcoin needs to be under their control. It got successful in a short just because of decentralized system. Nothing needs to be improved leave it on its own, it gives a better growth till it functions as a decentralized network.

I think bitcoin will improve, because we know in this modern era of technology should be able to follow the development of the era. If it can not then bitcoin will be replaced by newer technology. Regarding to improve bitcoin can not I can not answer that. Thank you

Bitcoin needs to get past the drama. It's the stubborn people that aren't willing to let bitcoin evolve to accommodate a growing market (which we all want) that's making the prospect of a hard fork so damaging to Bitcoin Core.

Why are these two groups of developers hell bent on manipulating bitcoin this way?

Yes, Bitcoin has to scale to the levels where PayPal and Credit cards are to be a competitor as a alternative payment option. Satoshi did intend for it to be a alternative P2P cash payment system and not a store of value like some people seem to think.

Security should be our first priority and for that we need the best developers on this planet. ^smile^ I think that is why this debate around BTC Core vs BU is so fierce.

bitcoin only need to fix the block limit issue currently, that is the big problem here, the other is the centralization of mining, aside from this there is nothign really to improve much, minors thign maybe, like adding more features to the core(exchange directly there for example)


which can only be done via changing the pow algo, agian and again like vertcoin, because no algo is asic proof at best asic deterrent

but we need consensus for this and any miners out there will never do it, would mean losing billions of invested dollars for them

I think telecommunication infrastructure upgrades to high speed fiber optic networks around the world might represent a good improvement.

A boost to average internet connection speed might give average node users a better chance to run blockchain software with larger block sizes which could make such an upgrade more feasible to core developers, in terms of maintaining decentralization.

If that never happens, I wonder if a paradigm shift to more nodes being operated in countries with higher average internet bandwidth like japan and south korea could make a difference.

If its possible for it to improve then its much better but for now i cant see anything should really be improved except on confirmation times and all things are perfect for me.There might be some features that is more advanced than bitcoin on other alts but still people would still stick to bitcoin and i do believe this is just a challenge for the bitcoin community.

Bitcoins at the present time are best for everyone, so when a change occurs, people feel frustrated. We need to take it to the original location, it should not change, it just needs to grow from the existing platform. BU is a greed of miners, we need to prevent and eliminate it, it is just an altcoin, and it is not allowed to abuse the power of bitcoin to grow. Hardfork required, and I think BU should be rejected. It is essential that people still love bitcoin.

1. Any average Joe get able to mine (even CPU mining? it doesn't have to be highly profitable)
2. Any average Joe get able to have a Bitcoin node (lower bandwidth needs?) Or maybe some small incentive for keeping node up and running.
3. A way for the transactions to happen at high speed with reasonable fees (compete VISA/Mastercard)
4. Maybe a better degree of anonymity - like Joe should be allowed to see my money flow only if I want to or in certain circumstances.

why would one lost all hopes in bitcoin? just because the price is going down so hard? this is just part of the manipulation of the whales. bitcoin has huge support so why worry, right.

anyway, i think that what bitcoin should be improving is the block size limit as well as the confirmation time without requiring the community to send a higher fees. with this, the community will be much happier for faster and smooth transaction.. :)

The only improvement bitcoin needs is to resolve an issue of delay in confirmation time as sometimes it takes too long for transaction to get confirmed which is very frustrating and annoying too especially when you are in urgent need of money and apart from that everything is fine with bitcoins.

So what about the high fees and slow transactions? They don't need improvement? Or BTC cannot actually improve on that?

Yes ofcourse.But must improved possitively.Lesser fees and faster transactions.

 What improvement are you talking about specifically? Altcoins are created because they are better that bitcoins, if Bitcoin can be improve that easily, there won't be a competition at all. Let's take this scenario: if there is another Cryptocurrency that competed Bitcoin and has better performance ( transactions, security, issues, ) then Bitcoin will just be improve better that the new Cryptocurrency and this process will continue. Sadly it is not as easy as we think it is.

If Bitcoin proposals in improving, then you can find it here:
https://github.com/bitcoin/bips/

As far as my own analyzation and tecnical views is concerned, I don't see great numbers of people losing hope in bitcoin. On what specific reason is it? About the current block size issue? It's a big deal but it's not a big reason for people to lose hope in bitcoin since it can improved.

Believed me, as long as the price is on high price to be considered, there are more and more traders who will play at the bitcoin market even there are some minor and major problems that needs to be modified and solved.

I think Bitcoin community and devs finally find a way to dispose of Ver and chinese btu parasites, then apply segwit and Lightning  :)

The developers on Bitcoin could improve the transaction speed and allowing the downloading of Bitcoins Blockchain to be faster. With those improvements, the guys from everywhere in the world that process Bitcoin Payments will find it easier to do and they would refer that information to some of the other guys within the world that are less fortunate to know about it.
Bitcoin isn’t that really hard to learn, the transaction confirmations is what upsets most people.

Its really annoying to keep on waiting for hours and hours for transactions to get confirmed and bitcoins should be definitely improved in this area even after adding higher fees sometimes it is taking longer for confirmation and people hate that situation.

There is also a Bitcoin Transaction Accelerator that allows us to have faster confirmations but only a 100 requests are allowed each hour.

https://www.viabtc.com/tools/txaccelerator/

With many guys using Bitcoin, it will get though trying to use the tool when sending multiple payments without a super high transaction fee. If Bitcoin speeds it up then we would also have to try to help make the internet speed faster because it looks like the amount of guys using Bitcoin in the near future will slow down the network at these internet speeds.

This is being investigated and resolved by the developers of bitcoin, it will definitely end, bitcoin may be branched, but I believe it is still it, and it will even become even better. half. Because segwit is a nice thing, so many advantages to bitcoin, i believe people will agree and accept segwit, or otherwise, we will keep bitcoin core as original, BU is an altcoin of the Greedy, and it should not be appearing, I am sure of that.

The only thing that is need to improve is the block size, and not bitcoin. Bitcoin itself right now is better, and it shouldn't be change, we are fine on how bitcoin is right now. And we have to deny this Hard Fork thingy because it is just getting on bitcoins way, it is affecting its price right now, but I think we are moving on about this.

Bitcoins price is slowly rising up again from its huge price drop, I bet those people who did panic selling is regretting what they did right now. Bitcoins price will go skyrocket again, and they just have lost a huge profit from their panic selling.

It's the centralized development I'm worried about. 

Mining has natural incentives to stay decentralized, and so it will always remain decentralized. Development however does not have the same incentives in bitcoin, and you can already see how centralized development has become.

Control is somehow the minor priorities of the developer of bitcoin. Because there will be no control on bitcoin if no one will used bitcoin after all. For me the main improvement bitcoin need to make changes is on its transaction issue like in blockchain. For me if  the transaction in bitcoin will be more fast easy and reliable more opportunities will come and more businesses will be attracted on choosing bitcoin for their transaction. And it may lead for further improvement for the simple people to use bitcoin on their daily basis. And it may lead for increase on price of bitcoin so for me its a win win.

There is no need of any such improvement. Bitcoin will grow promisingly, because even on times of hard crisis it grew potentially keeping all the altcoins stay behind it. When years pass technology update itself, degradation won't happen causing it to move downwards.

Block chain technology is being improved as plant in many companies. After US commercial department had meeting with the block chain team. To see the feature and potential of the bitcoin. Absolutely we do not need any improvements in technical wise. Globally, bitcoin is only option we use a payment mode as well as money, which can easily transact through out the world.

Bitcoin is strong 💪 very very strong. It is completely decentralised and it's easy to buy and sell. It's annomys and is available in all countries. It's prices normally shoot up. So I really don't see what could they improve on. Yes there some issues on transactions and their fees. And what you are referring to is BU talks and they are alt coins hopefully they never have a hard folk. Otherwise Bitcoins will be coming to an end. Otherwise nothing to change.