Bitcoin Forum

Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?

Like you I believe that we can reach the goal.
As long as  there are people who have faith and patience like us. It is not possible  to overtake them.
And the way of success is coming soon.

Evolution would be the perfect paradigm to ascertain the future of the BTC, and would determine the speed of transaction and the effectiveness of the network it is in. Evolution does not only affect biologies, but also technology being the result of innovation, advancement, discoveries and curiosity. The leap of technological advancement is happening in a very high pace, like the phone industry, wherein a decade ago analog phones were taking the charge to a domain which is what we have now, the revolutionary smart-phones, and the sudden leap only took several years.  The internet and the computer, can also be seen changing everyday, with more and more applications and tools/equipment that boost internet speed, plus programs that further improve and organize transaction online, the future for the BTC would be more fast, in all its aspects, the aspects mentioned in your query.

I just heard this term, how this network works.
is it possible that this is a new strategy to speed up BTC shipments or to lower the price of a very expensive fee. ???

With fast in transaction, bitcoin make the future come to fast i think, but in the future i believe we can reach the goal it come faster maybe with goverment support and internet faster than this day

I think its possible. Bitcoin is the king of crypto currency and i thunk he can improve her self in lightning transaction. But i think the fee will increase if that will happen or maybe not.

The Lightning Network is where many in the Bitcoin community are pinning their hopes on the future viability of Bitcoin. I really hope that soon it can be ready for implementation network-wide and that majority of the players would be adopting it (as we know that politics is running deep in the Bitcoin community). Right now, Bitcoin is struggling but for a different reason: the gloomy sentiment expressed by the total market and not just Bitcoin but the whole cryptocurrency community. Heck, even other traditional investment vehicles are also losing ground. This first quarter of 2018 will be known for its official color: RED.

I agree with you. It seems that the traditional markets will fall soon. Probably, the fiat and crypto markets are connected, and the urgent problems of the traditional financial system are telling on the crypto exchange markets.

Yes I do believe that Bitcoin will be able to achieve the transaction speed and capacity required with the Lightning network. They have an incredibly strong developer team and community behind them so they are in a very strong position to make it work.

I really believe bitcoin will go forward.
Recently, I read an article where an expert said that Bitcoin will dominate in the monetary world and it will be one of the great reserves for every country.
So that already some developed countries have made a good reserve for the future.
So the importance of Bitcoin is increasing day by day. that's why I believe in Bitcoin.

all that can happen, government support and also faster internet. makes it easy for people around the world to do every transaction with bitcoin. but we must accept if there will be taxes for every bitcoin transaction, because government support will require tax on bitcoins.

Yes I think it is possible. Bitcoin blockchain is possible for new updates. Lightning network is going to be the next update to speed up transactions. We will see new updates if it fails or if new one is needed. Even for now bitcoin transfer is better and cheaper than fiat money transfers.

I heard nothing but positive reviews and excitement about the lightning network. Yes, I think it will be a positive turn around, if BTC can increase the speed of transactions and reduce the fee little bit, it will solidify the position of cryptos.

Yes I also believe on this. But it will be long time with lots of up and down.

I am agree with you. Bitcoin is the king of all coin. I think it's the future of money. With so fast in transaction,bitcoin make the future come to fast as my idea. That's why i believe that Bitcoin will be able to achieve the transaction speed and capacity required with the Lightning network..

what exactly do you mean ""even" with lightning network"?!
the second layer solution, that is LN is supposed to do that. it is supposed to not have any more scaling issues and that is how it is designed. with LN you should be able to virtually make unlimited number of transactions without any delays or any kind of restriction like block size, etc.

I really believe that Lightning Network is capable to provide the best payment solution for blockchain technology and bitcoin users if it will be implemented in the same way as it is proposed. And it is expected that we are not going to face any scalablity issues anymore in future after the implementation of Lightning network.

yes, BTC will be able to solve the problem today and also the future, fork is one way to update the application, so the system can run back to normal.

You do not hesitate with the bitcoin system, because satoshi is already programmed bitcoin well.

Without a doubt, it can. There are many people trying to innovate the transaction processes of cryptos even if they need to increase the rate of transactions fees. It is because the blockchain is somehow the core of the crypto market and people must invest time to improve it.

I really believe that bitcoin will continue to increase, Bitcoin will be able to achieve the required transaction speed and capacity with Lightning. The Lightning Network is where many in the Bitcoin community are hoping for the future of Bitcoin. With fast transactions, bitcoin makes the future come faster and it helps us to reach the goal it arrives faster.

Technology grows and improves with time. Blockchain is in its infancy, we have not scratched the surface yet. As we evolve, speed, adaptability etc will be increased.

Now BTC do exist a lot of problems, but the thunder network deployment is still a certain amount of time, we need to do is wait, I'm looking forward to the thunder network can change the present state.

I'm sure the btc network will be able to handle future transactions in bulk and speed even btc can be faster than the lightning network though.
Btc will be number one in every way someday.

I believe it can, bitcoin's networks is always being implanted by those people who could do such thing, I'm not sure who they are but I'm sure there are people who could do so. They are aware that the population of bitcoin is rapidly growing so they are not going to sit back their watching the bitcoin network having a problem dealing with that. For example the Blockchain, you could see that the transaction is so slow sometimes, wondering why? It is because of the simultaneous transactions processing in a same time, that is why blockchain are having a hard time about that.

The solution to that is to increase the size of the amount of blockchain the MB's to perform much better, correct me if I'm wrong.

Yes, definitely it will be possible in future if the ban does not happen in most of the countries on bitcoin or other crypto currency. It will improve its services as the users will increase.

Some have its good feeback on lightning network with this it is possible that transactions are smooth in the future. That's what we hope in the future banning bitcoin in other would not happen. In the future I can see that btc transactions could handle the situation in bulk daily.

That was allot of great feedback, and I agree with many of you. I am curious if we could get an estimate of the worldwide transactions happening every minute daily just say from on merchant than multiply that times an estimate of how many merchants to get an idea of what we are looking at.

Than to take it even further... So lets say that BTC is the new currency and we are all sending payments and realize just how freaking easy it is to pay someone and than transactions increase even further because of users interface of real time application?

Yes it could handle the future transactions because it would also evolve just like the other currency. Bitcoin will not allow its platform to be stagnant and cannot catch up to the fast evolution of technology. However, if transactions are unable to catch up with the pace of bitcoin then the problem would be in the customers itself while bitcoin will skyrocket to the future.

Interesting.....You just got me thinking about that reality if the customers could not stay at pace how could the price skyrocket because the variables wouldn't be there to let it "skyrocket"

Not saying your wrong...

Your opinion is true and I agree with your opinion.
I'm sure the future will come bitcoin users will increase so the future bitcoin will be brighter.

Ugh why are there spammers like that on here? Do something productive with yourself

as technology develops I believe scientists will do research on a continuous basis and do not rule out that the things you talk about will be realized

This is not semantics, meerely the act of personification. In this case, he personified Bitcoin. So what? Watch how much AI gets personified, and who's to say Bitcoin isn't the first AI? We just don't know.

In answer to OP's question, I agree that we can. But no longer possible for a new user to jump into the Bitcoin blockchain contribution game. You just can't download it anymore. Bitcoin should warn people on the main site of this. Laughable that it says could take "hours". Willing to bet it more like months now.

We're basically stuck with whoever is hosting the blockchain now, ie Bitcoin farms. They will have absolute control, really.

Today all eyes are on Lightning Network, making transactions faster and affordable. Though still in the test phase, we all have good hopes it will do the job. But as technology always goes a step further, devs may come with some other solution eventually, that's even better.

Actually we all are wants that. but the main thing is right now bitcoin is struggling for a different reason.but personally i believe that it would happen.

It has actually been discussed, all you need to do is use google.


So it also has its limits, but we'll need time and constantly growing user database for it to to require an upgrade. It's a temporary measure to keep the network running while the number of users is growing. In time we'll need upgrades, it's certain, but every piece of software available will need it at some point. What programs remained unchanged for the last 10 years without any revisions being added?
I expect that by the time we start to have issues with transaction speed again there will be another solution this time to upgrade the first layer, other than changing the block size.

I think not, blockchain transactions the must pass through a dense blockchain network, I think that until the future it can not be avoided. But for mass transactions it's possible, though blockchain networks still have to take a few minutes, but I'm sure the future of blockchain networks will be in demand in terms of more transparent transactions.

Lightning network and SegWit is not enough in handling the future volume of transactions. As long as Bitcoin is having issues regarding scaling, we will continue to go back to the main issue: delayed tx, high tx fees, etc.

Bitcoin Cash gives much promising services than Bitcoin with LM and SegWit. ::)

If making the block size bigger is the way to get about it, why aren’t the investors implementing it already, it seems that just these few people are holding everyone hostage as a result of that.

As we can already see the segwit revolution work pretty good but I still think it is too soon to try The Lightning network. And even if it works I do not think that the problem will be resolved but I am sure no problem will be minimized a lot and will give us a lot of time thing for the next move. But let assume that the lightning network work successfully and people started to use Bitcoin transactions more and more often and almost everywhere they started paying in Bitcoin and that will increase the mass transactions 10 times of current scale.

ofcourse i think so.bitcoin network will able to maintain its future transaction speedy.no issue.

Bitcoin is young but it is not an infant, that term is used too often and makes Bitcoin seem embarrassing.

I think that we are all learning what bitcoin and blockchain can do for our future.

Yes, I certainly believe bitcoin can be able to sustain bulk transactions in the near future probably because there could be a future road map for it's innovation on how it could handle these things. Mining companies will also be emerging by the time bulk transactions will be experience in the future and it's possible that it is already being considered by the developers of crypto currencies in the market today.

Yes of course the bitcoin will be ruling the world in future, many of the transactions will be based on it. A large number of people still are fully dependent on it, they are pursuing the bitcoin business as their only source of income. And the time when the prices will be high compared to what they are now, the business will grow and I believe that the governments will also be declaring it as a legal currency. Then we’ll be using cryptocurrency as conveniently as we use the physical currency nowadays.

I really believe that bitcoin will make for a smart future. Of course bitcoin will rule the world in the future, and many deals will be based on it. But we assume that the lightning network is working and that people are starting to use Bitcoin trading more and more everywhere and they are starting to pay for Bitcoin and will increase mass transactions. fold up multiple times the current scale.

A big yes, btc can survive in the future and most probably its transactions might be getting much efficient and much faster because of innovation. Blockchain networks will be more upgraded in the future that will surely benefit the people in terms of service transactions. Moreover, many people will be supporting bitcoin and other countries which is not active right now with btc will soon recognized the importance of bitcoin currency in their country.

I think we can progress.  We can go for the top,  and everybody will be happy this year.  And I hope the bitcoin will okay so this is year is a good year to each and everyone. 

I think yes,  Because our technology is moving forward and there would be no doubt that it will also affect the digital currency system. Technology making this world easier and convenient to live, BTC network will able to speed up soon due to our some technology advancement.

Yes we beleave in bitcoin, but I am not sure that we can handle the future transactions in bulk and their speed, so it is my opinion

I don't think that bitcoin is still young because it is already 9 years when it started the crypto currency fever and it started to grow all over the world year by year and how come it is still young? More and more people are curious about this bitcoin and blockchain technology, every year the demand for bitcoin grows and continues to grow. The only thing in here why the price crash is the FUD spreaders that spreads false news and those people who get affected by FUD easily and sold their hodlings in fear of losing a lot of money. :)

If the team behind will do something that will speed up this issue then yes bitcoin will be able to handle this concerned, I think with those updates and this issue was already been raised before the core might find solution about it, I'm still believing that bitcoin will be able satisfied users after some time, just new innovations and ideas to perform the task, bitcoin will continue to be the number one crypto which most of the transactions will be process even in a bulk situations.

        I think yes,because  there are new technology that i'm sure it will help to handle the future transaction of bitcoin. I believe,someday bitcoin transaction will become fast and easy to access. We are in computer genaration and as time goes by ,new technology are invent for better future of cryptocurrency.

If there will be a team to handle that, yes it is a possibility and it will happen in the near future, and we would be likely to have a cashless society that way.

It is one of the goal of bitcoin and maybe it can reach it, just give them more time.
Bitcoin now is in bad position, but if you look the history of it it is normal, and after this big fall big rise will come. So always be patient, work hard everyday, tust bitcoin and be wise. Our big profit is on its way to us.

According to the definition of the Lightning Network, once this is released and its working it will change the way bitcoin will be used. I am optimistic of bitcoin and I know that Lightning Network will be released. SegWit has started already but its not adopted widely because they are waiting for the LN to be released. I think it can handle the transactions in the future.

I am excited too see real time results!

If you are just asking for a personal opinion then I think yes. BTC would still be able to cover the network. As long as mass adoption would take place and no FUD's are fighting BTC. Since most exchanges and fiat tradings are pretty clogged in transactions right now. Also I think we are having difficulties with transactions speed today is because of the removal of the China  mining farms. But once we have mining farms again who can cover all the transactions then were good to go again.

Yes ,Bitcoin will handle in bulk transactions and in a faster speed because lightning network and SegWit is design to enhance the traditional blockchain technology, simply this network element is capable in connecting any and all users to this fast and fee less system , it is needed because even though, you are in top, there must be a innovation on every aspects to sustain the competition on different crypto currencies

We've already seen improvements even after we've got so many transactions and new people getting into Bitcoin lately and there's more room to grow and evolve with Bitcoin development too.

I heard lighting network will solve the problem but it will take a lot of time to get implemented. Only thing I do not like about bitcoin transactions currently is that the transfer is not instant like PayPal. Sometimes, I do instant deals where I have to check the product and pay immediately. Bitcoin is not suitable for this currently.

Absolutely Bitcoin can go strong in dealing with transactions if the government allows it to compete with it. In that case we will have to pay taxes. However, it is possible to make the Bitcoin deal in the internet is in a strong position.

This is possible because Bitcoin can play an important role in improving the quality of life.

the developer of bitcoin should develop it to the best condition.
so the bitcoin network doesnt lose their users and holder.
let us trust them to handle this.

I hope some other crypto coin will takeover in this lovely blockchain era. I really hope!

Yes ofcourse that's why there are always hard fork on those coin just to upgrade the system/network of the existing coin to be able to provide more safe and reliable transactions on their user.

There is a lot of debate and proposed solutions into these problems and they are being debated by the ones who knows how will it go through time. I think if a lot of people who are voting for that has only one goal, I think that will not be a problem since they will only vote for the good of bitcoin easily without disapproving.

I also believe that bitcoin can. There might be some problems that we are facing, but I believe that the developers will see to it that in the future transactions, it would be better than before. Cryptocurrency is still growing so eventually, the mistakes will be corrected. In fact, once it will adapted by more, it will be able to handle bulk transaction in lesser time.

I think it can happen, bitcoin can be a quick transaction tool if in various countries have officially licensed for bitcoin. so nothing is impossible just waiting for bitcoin innovation in the future.

I think the bitcoin network can handle the bulk transactions in the future.
The developers of bitcoin won't stay idle, of course they will plan to make massive updates to support the bitcoin transactions along with the blockchain.

I am agree with you. I also think btc network is going to be able to handle the future transactions. Because now a days bitcoin began a trusted coin all over the world. Bitcoin transaction is good then any other transaction.

Yes I do believe that Bitcoin will be able to achieve the transaction speed and capacity required with the Lightning network.Because now a days bitcoin began a trusted coin all over the world. Bitcoin transaction is good then any other transaction.They have an incredibly strong developer team and community behind them so they are in a very strong position to make it work.

maybe yes but they need to improve the blockchain first to do more effective and fast transaction so they can even do big amount transferring.

If they can make an agreement, then sure they can. Everything is possible, but you have to have the consensus for that.
Current technology is not so good.

I sure can, but it seems that bitcoins can not be themselves, they need support. minimum entry in any country without any ban.

Bitcoin has still has a lot grow, it's a good innovation and yet, it can still be developed and improved to give more convenience to it's growing numbers of user. People or developers would keep on improving bitcoin network because as users grow, the more it needs to cope up to ease transaction traffic and problems on the network.

every man must have a great desire. and the desire must be human faced with a graceful chest. there is no turning back. we should be able. :)