bitcoin is not Ideal, it represents possibilities.

[chixka000]

There arent perfect things in this world but i wouldn't agree that bitcoin can be hacked because it really cant be.
Whats important right now is that it has value

[Victorycoin]

The world is going towards IoTs (internet of things). Everything will be connected in future. The missing part is money. Although online bank transactions and credit card payments contribute to the online concept, but still there is a need of a strong cryptocurrency to become a Pivot point in IoTs. So far, Bitcoin is a strong candidate, but I agree there are a lot of problems regarding the security of something which is online... Special protocols are required to safeguard Bitcoins from adversaries.

Most money is already digital so I don’t think bitcoin is that necessary at least from that point of view, bitcoin is a must because it gives back to people the right to print their own currency.

I don't think that most of the money is already digital because if so, then we don't need to use fiat anymore and we will just need an internet connection and smartphone but that's not what's happening right now because we still use physical money. Bitcoin is a must to use bitcoin of its security and possibilities to own a currency and have an investment at the same time.

I understand most countries are trying hard to turn their societies into cashless ones because of the many advantages inherent with digital money especially the reduction in the cost of printing, shipping and securing bank notes. Everything is certainly not going to be tied around the internet - your debit and credit cards for instance are digital form of money not restricted for use only on the internet.

[bartolo]

The world is going towards IoTs (internet of things). Everything will be connected in future. The missing part is money. Although online bank transactions and credit card payments contribute to the online concept, but still there is a need of a strong cryptocurrency to become a Pivot point in IoTs. So far, Bitcoin is a strong candidate, but I agree there are a lot of problems regarding the security of something which is online... Special protocols are required to safeguard Bitcoins from adversaries.

Most money is already digital so I don’t think bitcoin is that necessary at least from that point of view, bitcoin is a must because it gives back to people the right to print their own currency.

I don't think that most of the money is already digital because if so, then we don't need to use fiat anymore and we will just need an internet connection and smartphone but that's not what's happening right now because we still use physical money. Bitcoin is a must to use bitcoin of its security and possibilities to own a currency and have an investment at the same time.

I understand most countries are trying hard to turn their societies into cashless ones because of the many advantages inherent with digital money especially the reduction in the cost of printing, shipping and securing bank notes. Everything is certainly not going to be tied around the internet - your debit and credit cards for instance are digital form of money not restricted for use only on the internet.

I think the goal with a cashless society is not the saving in the issue of money but the control. Each transaction with physical money from hand to hand is a transaction that governments don´t control and therefore can not tax. What they want is that there is no such physical money and that all money transfers are registered and controlled, that's why they are so interested in the blockchain (their blockchain). Governments see this as a tool to fight against tax evasion or black money.

[hello_good_sir]

Actually, nothing and no one is ideal.
You cannot really expect that the first cryptocurrency that was ever created may be ideal, in my opinion everybody should expect that bitcoin is going to encounter some problems, because it is the first time that something like that was created.
Without a decent test environment you are not really able yo check if something works well, and I think that bitcoin being used worldwide can give us the best opportunity to look for some issues with the mechanics, or technical solutions.

And, as we see there are issues with fees and confirmation time.

[Weatherby]

There arent perfect things in this world but i wouldn't agree that bitcoin can be hacked because it really cant be.
Whats important right now is that it has value

It is not possible to hack bitcoin with the current technology we have and is it possible to do so in the future only time can verify these things,the value of bitcoin is rising and it will moving forward until there is a bad news ,the reason you can call bitcoin is not ideal is when we show case the scaling issues as it cannot be mass adopted ,which means that if a couple of hundred million people turns to bitcoin and starts transaction the network will crash.

[Azkabal]

I completely agree with the opinion of the author of the topic. I want to say that due to the fact that bitcoin is only gaining popularity among the average population of the planet, not all its possibilities are still fully appreciable. In most middle-income countries, the opportunities for this currency remain unclear for the time being.

[theunbeatable]

I agree that bitcoin is not ideal but represents possibilities because when a country accept and open its door to bitcoin then it also accepts possibilities to have a great economy because bitcoin will help a country to have a faster payment system and more profitable because of being volatile of bitcoin to its price.

As we can see Bitcoin is a threat to central banks and countries are backed up by banks. So unless that country is not dependent on the world's current system then it will make the economy grow, but when the country still denies cryptocurrencies mixing the two (fiat and cryptocurrencies) will be difficult.

Bitcoin can't be hacked, it's impossible.  Even 51% attacks wouldn't be hacks, they'd just be attacks on transactions.  Double spending isn't really very much of a threat unless it has no confirmations - a lot of the reason we have mining is to fix the double spend problem.

A lot of the problems you mention don't exist.  Anonymity isn't even a problem, and if people want anonymity they'll gradually move to real anonymous coins like Monero, and illegal activity will just be a side effect so it doesn't really matter that they're used for illegal activity.  Cash is as well.

Bitcoin isn't perfect but you're looking at the wrong things as problems.

Bitcoin could be hack, the bitcoin network is the one that can't be hack. The bitcoin in our online wallets could be hack because it is connected on the internet, I mean it is too vulnerable to the eyes of the hacker, while the bitcoin network has been made to be decentralized that is why it is too complicated to hack by the hackers. Bitcoin network is too secure and safe, because the whole life of bitcoin is depending on it.

Getting it hacked is the worst thing that could happen to us, if the bitcoin network would be screwed by this hackers.

True. The addresses can be stolen, with a screeshot or a spy eye on you or using a sniffer or a screen recorder the address can be stolen, like fiat wallet it is on us on how we will keep it safe. The system is the one that is hard to break, but we still don't know. Even the people in the past said that the enigma machine is impossible to crack and now it is a piece of cake. But I think before that happens cryptocurrencies will improve too.

[iqlimasyadiqa]

I completely agree with the opinion of the author of the topic. I want to say that due to the fact that bitcoin is only gaining popularity among the average population of the planet, not all its possibilities are still fully appreciable. In most middle-income countries, the opportunities for this currency remain unclear for the time being.

Every opinion should be appreciated. See its development at the beginning bitcoin does not have many users. But nowadays wherever we are bitcoin has become known. Although in a small and poor country, now they have begun to understand and use bitcoin. The most important is the infrastructure because with adequate infrastructure bitcoin can grow better.

[iamTom123]

Bitcoin can be hack? Impossible. I guess your were talking about the bitcoin exchanger sites that got hack? Right.
51 percent attack is just spamming the network with transactions but the solution is miners. Double spending the solution is also miners. Bitcoin's only major crisis right now is it's stagnant scaling problem.

I have read this somewhere that Bitcoin can e impossible to get hacked. Yes, those exchanges can be hacked by a good hacker or group of hackers and they had done that thing in the past but never the Bitcoin itself. The infrastructure for Bitcoin is not perfect but it is so strong to withstand intrusions. Right now, the Bitcoin stakeholders need to solve the scaling challenge to make Bitcoin get into into its full potential.

[kubricktrader]

Three years ago or two years ago, if you asked me what Bitcoin is, I’d tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. It’s just perfect!
And Bitcoin is proved very successful. But it has inherent risks like anonymity, hacking，51%attack, double spending. Stop imagining bitcoin is perfect. No coins are perfect. I’d say bitcoin means more about possibilities, possibilities of expression of value. Before, I’ve been taken it for granted that the government should control currencies. But now I’d like to take a moment to think of the question:
“What is the nature and origin of money?”
by hacked, i only mean btc exchanges and by 51% Attack, i mean hash power is seen as by many the king in the btc world; and by security, Large Bitcoin Collider is working to smash open btc wallets. http://news.8btc.com/bitcoin-is-not-ideal-it-is-an-expression-of-value

Which is why XtraBytes a brand new coin which is impossible to hack and has solved the 51% attack that POW and POS piece of shit coins could only dream about WILL be the future.

[OneUnderBridge]

Three years ago or two years ago, if you asked me what Bitcoin is, I’d tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. It’s just perfect!
And Bitcoin is proved very successful. But it has inherent risks like anonymity, hacking，51%attack, double spending. Stop imagining bitcoin is perfect. No coins are perfect. I’d say bitcoin means more about possibilities, possibilities of expression of value. Before, I’ve been taken it for granted that the government should control currencies. But now I’d like to take a moment to think of the question:
“What is the nature and origin of money?”
by hacked, i only mean btc exchanges and by 51% Attack, i mean hash power is seen as by many the king in the btc world; and by security, Large Bitcoin Collider is working to smash open btc wallets. http://news.8btc.com/bitcoin-is-not-ideal-it-is-an-expression-of-value

Which is why XtraBytes a brand new coin which is impossible to hack and has solved the 51% attack that POW and POS piece of shit coins could only dream about WILL be the future.

Is XtraBytes like the moondollar I've been hearing about?

[Doms]

Bitcoin can be hack? Impossible. I guess your were talking about the bitcoin exchanger sites that got hack? Right.
51 percent attack is just spamming the network with transactions but the solution is miners. Double spending the solution is also miners. Bitcoin's only major crisis right now is it's stagnant scaling problem.

I have read this somewhere that Bitcoin can e impossible to get hacked. Yes, those exchanges can be hacked by a good hacker or group of hackers and they had done that thing in the past but never the Bitcoin itself. The infrastructure for Bitcoin is not perfect but it is so strong to withstand intrusions. Right now, the Bitcoin stakeholders need to solve the scaling challenge to make Bitcoin get into into its full potential.

Most of the challenges being faced by bitcoin are created by the actual players themselves. It is a very good currency and store of value, but bitter disagreements, different factions taking sides, opposing opinions and differing principles have lead to slower development. The good thing is we are seeing some progress even if it is being derailed by these disagreements, but I hope all these things get solved one at a time to push bitcoin towards higher price and more stability.

[Zicadis]

Double spending is not only a disadvantage but as an advantage as well because of so many transactions being unconfirmed. Why is it considered bad? It can be misused by scammers but the transaction can be identified as a double spend which is easy to track.

I agree Double spending does have its advantages when used correctly but because some users use this feature to scam others or service providers this gets a bad name but otherwise this is still a powerful tool which could be used to accelerate transactions with low fees ! And besides,a certain number of confirmations are needed to avoid being a victim of such.

[MostHigh]

Many people might not want to believe your assertion but is the truth. Crypto currency as much risk as all the other transaction media. But it can be the future for an individual if you can manage and deal with this risks very well. The future is unknown and all we ve got.is the.present. For now, BTC is good to invest in and I gladly do.