Bitcoin Forum

Bitcoin is a very well known technology. But its infrastructure is still not sufficiently developed.

What do you think is the most important direction for bitcoin development now?

Some of the most pressing issues right now is the slow confirmation of transactions, and the sizeable transaction fees. Those should be on the top of the priority list in my opinion.

Bringing more developers for the coding would be first step to do the whole thing. I think there should be education regarding the blockchain technology in the schools and graduation level studies as well. This way people can be taught very closely about the blockchain and interest can be developed into youngsters to work in the Filene of virtual technology. Who knows we might get hold in bright minds leading the way in the future. :-)

I think adoption is important and Bitcoin would have to be developed in a way for it to allow adoption to happen without causing any issue. Fees rising for example is an issue however...

Most important direction to me is for bitcoin not to spilt into 10 different coins but sadly it seems like we are headed this way. We already have clones but now after November we will have two more "bitcoins" and this is not

good. Competition is good but for the top coin but to be constantly forking, idk that doesnt inspire confidence and long term growth to me.

The most important direction of development of bitcoin is the circulation of money bypassing the stage of exchanging bitcoin for Fiat. Only independent turnover bitcoins can protect users from the government and to save bitcoin from the ban. If not now then maybe later.

I think the most important is the global integration of bitcoin technologies into all the world's infrastructures. This industry, engineering, trade, economics, computer games and much more. They also work on scaling the network, anonymity of larger and lower prices on transfer fees. 8) ::)

The most important thing in development right now is scaling. Then SegWit fully implemented on the reference client. Other than that, we don't have really pressing issues, I think...

The area I think development is needed now is on the issue of synchronisation in the area that, an individual having an account on BTC.com. Blockchain.info, Xapo, Paxful, and other wallet providers but no one can see that or he has to download all of this providers app in other to keep his funds safe. Another is the issue of fees of some wallet providers which is fixed and not making room for the volatility in price accordingly.

I guess, that's what it takes to be a decentralize technology, each and everyone should be involved and should be who decide, not a single or few huge sharks and wolves, I am expecting two scenarios, a coin with high blocks and fast confirmations that is a centralized, or a decentralized present coin, but I hope these two could still come up with the solution that could meet both objectives.

With upcoming forks I think bitcoin infrastructure will develop a lot. Moreover another thing btc network requires is some more ledger keepers and miners. Transactions are becoming slow but increasing in quantum. So its moving in right direction.

If I got your post correct, then I would say there isn't any need to have a synchronization between various wallets. Why would you want to have synchronization between different wallets with different private keys. You can very well import your private keys in other wallets. What all you need to do is to opt for those wallets which give the option of owning and importing your private keys.

If you meant something else, please explain your point more as it is little ambiguous.

Let's see some delivery on the multiple miracles Segwit is supposed to deliver.

It would be nice to see one of the scaling solutions come to life to put all this hard forking shite on the back burner for a good while.

The most important thing to be consider or to be developed or to focused on is on its confirmation times and on the fees which should be faster and have lesser amounts because if this thing would be maintained for sure it would really progress and be adopted even more and much more faster.

There are still several factors that need to be developed in BTC. Two things that come into my mind is its integration to real life activities and its confirmation time. Yeah, I know that BTC is already being integrated in several countries/cities in the world but what I meant here is we still massive adoption and integration of it to the large part of our population. I noticed that as more people started using BTC, the confirmation time it takes also increased. This comes hand in hand and the devs should find the solution for this. Confirmations time for BTC should be fast if we wanted it to be used in our daily lives. These two points should be prioritized the most in terms of BTC development.  

Confirmation times have remained identical throughout. It's just the requirement to cough up more to get it.

The only possibility of faster confirmations will be lightning networks and they're not here yet.

For me, the question of volatility is not addressed sufficiently. It is of crucial importance if Bitcoin wants to be successful as a currency and not only as a speculative asset ("digital gold" is only another word for that).

It isn't easy to address that in a decentralized way via "infrastructure". But an intelligent design of incentives is definitively possible, for example providing tools that let people profit from stabilizing the price (e.g. with easy to use "contrarian" trading bots) and new services by payment providers like a "backing" option for merchants (https://bitcointalk.org/index.php?topic=1926913).

I don't get what you mean. The wallet services you mention are centralized online wallets, and everyone of them works "on its own", without needing another app, not even for "keep funds safe" like you say. And don't forget that the "ideal situation" would be everybody using real clients like Bitcoin Core or at least Electrum.

I was going through your thread and it was indeed an interesting idea. But what I feel is that where Bitcoin itself is struggling to maintain its position in financial landscape, would there be enough merchants for backing Bitcoin at a scale that can impact price at all? I believe this idea won't work without the interference of some centralised institution and also, unless there is a diversity of services and products that act as backing agent for Bitcoin, it will struggle to make any difference as people won't be buying anything just because they can get it cheaper during crash. At a point where Bitcoin itself is not mainstream, this idea will not work out. We atleast need a decade of growth of cryptos to even think about it.

Apart from a noble few, no one wants to use it as a currency. The majority want to speculate on it.

Speculation tapers off when enough people find real uses for it. You can't force it and it's going to happen naturally anyway. It's going to take time though.

Any sort of widespread currency use will be one of the very last things to fall into place. It has to become a store of value first.

Bitcoin development direction are  what I feel is that where Bitcoin itself is struggling to maintain its position in financial landscape, would there be enough merchants for backing Bitcoin at a scale that can impact price at all? I believe this idea won't work without the interference of some centralised institution and also, unless there is a diversity of services and products that act as backing agent for Bitcoin, it will struggle to make any difference as people won't be buying anything just because they can get it cheaper during crash.

First of all, bitcoin is not well known at all. Ask anyone, people have really no idea or they heard once or twice word bitcoin before.
Most of the people I know think BTC is some kind of virtual money - but if I asked them about more details then basically no one could specify why BTC is important.
We can't develop bitcoin 'infrastructure' overnight, adoption needs to happen first, and this is not something we can influence or control.
What I want for bitcoin is more transparent approach and simplicity of development process - the simpler the idea behind the BTC the better.

Stop holding the development team back by attacking them every chance you get, stop blaming Core devs for things they have no control over. stop making enemies out of friends, there is no more long confirmation time and no more high fees, stop FUD about them while they're not real. Bitcoin has no enemies, with an open source software everything is determined from the first key stroke of the first coder, Satoshi.

It is getting there. The core team is taking it in the right direction. Howevr, some don't agree with them.

The most popular technology in the world is Bitcoin.Developers would have been better in developing two things. In my opinion, if the transaction is fast and fee charged, then it will be much better.

It's not sufficiently developed to handle mass adoption, but is very stable and secure and that is the more important thing right now for its growth. I'm waiting for the effects of the Lightning Network, because they will probably resolve the fees and transactions time problems.

Acceptance is needed to improve it. Because many people still do not know Bitcoins. let's add to the propagation here to share with people who do not know Bitcoins yet. And one of the most necessary things to derail the bitcoins is accepting it of countries that have illegally bitcoins

I thinking that direction they caught correctly, bitcoin has grown in many times since the beginning of the first point of the movement, even the creators probably did not expected this, of course the commission is not honest how I think, maybe there will be some other changes in the form of reduction commission and something else.

The most important direction in bitcoin development now is there constant change in terms of digital currency.bitcoin is still focus in there goals  towards the future to continue the legacy since from the start  of Mr.Satoshi  what he have done.The legacy of bitcoin to continue its popularity all over the mankind.