Can bitcoin Improve?

[shamzblueworld]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

[stiffbud]

Surely there is always a solution to any problem. I am hoping that this problem you said here gets a solution soon because it's becoming a bother to wait for ate confirmations and high fee. For the high fee, I think at the moment it is over than what it should be. I don't mind paying 30k satoshi with a value of 1$ as fee but I hope it no longer rise more than that.

[Gaaara]

Its the same with this world, there is no such things as perfect. The transaction value and delays are not the real problem for us bitcoin users, the real threat for us is that if they don't consider having a high transaction payments a problem, if ever this continue others will try to find another coin as identical with bitcoin, which means bitcoin will have a less demand power, but for now that won't happen as there is no such coin exist yet.

[Thekool1s]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

Well the solutions do exist. E.g.you use coinbase or xapo for dust transactions, the transactions are free between the users. You can always keep the spending amount in these wallets.

As for other solutions there is lightning network (long term) , Bip148 should temporary solve the high few rate, but eventually we will move toward lightning network. If bitcoin wants to become a day 2 day used currency.

[talkbitcoin]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.

umm, it is not exactly two it is one and that is higher fees because blocks are full.

So the question is, can bitcoin solve these issues?

this has been the argument aka debate over block size and how we can reach an scaling solution.
can it happen? i believe it can. but things are slow.

I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?

not fees don't go up with price. in past fees were high if you can find a transaction which occurred in early days of price being less than $100 you can see high fees in BTC and it was lowered before price reached $1000.
the same thing should have happened now but since blocks are full it can not.

[Vaskiy]

This has been a long back issue. Everytime when a price increase takes place, the transaction fee issue accompanies as the blocks are full. To eliminate this the development team is much focused towards it and hope a perfect outcome can be expected as the competence from the altcoins is increasing.

[steampunkz]

I hope they will improve bitcoin in the future by resolving the problems in higher transactions fees.

[Eternu]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

Well i am not sure who decide how much will fee be, but i think there could be done somethings so that transaction fees would be lower. I know that for the miners higher transaction fees are good thing, but i do not want to pay 10 dollars for payout of 50 dollars, so that my transaction is done in acceptable time. I think they will deal with this problem, and i hope they will deal with it soon.

[ktabb]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

Increasing value should not cause fees to increase. Look at apple... their market cap is like $800 billion and yet I can buy their stock through Fidelity for $4.95. The problem bitcoin has is related to the fact that all of the wallet services and exchanges (I'm looking at you, coinbase) are really bad and charge unnecessarily high, percentage-based fees. They should be charging flat fees.

That being said, I think bitcoin's biggest problem is volatility. Both of these problems have a solution, but I actually think the volatility one is harder to solve and will take a very long time.

[Gaff]

That's for sure. Bitcoin can improve not this time but soon. And, if that soon happens many people will be satisfied of their transaction using bitcoin. It would be easier for them to purchase something, pay the bills online or offline, and the like. On the other hand, bitcoin hasn't approved yet from the government. Maybe if that comes bitcoin will be known for a long time and be trusted by everyone with the similar trust that they've given to the banks.

[isabella01]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

Bitcoin has to improve if it wants to remain at the top. The whole point of people having an interest in digital currency in the first place is for long costs and no middlemen so it would be defeating the purpose if the costs are high.

[kpcian]

Bitcoin definitely is going to be improved..if you think that as a currency then Bitcoin is a child, it has many lacking or availability, but day by day it is creating its platform and gained its credibility. So that is not so far when Bitcoin will be flow less. In my point of view that, bitcoin is in a right track to be improved...

[iyan33]

There is no project with a perfect system,
And bitcoin of course there is a shortage gap, but despite rapid progress of bitcoin, of course bitcoin evaluation needs to be done to improve bitcoin development system useful for users.

[Capradina]

Well, it is now the main problem is bitcoin owned transaction costs are high, which has some big losses for its growth. One is users who wish to conduct transactions in the bitcoin, for example is making a purchase the electricity bill. They have a $50 Bill, but the fee must be issued is 50-10% of the total bill. then it surely will not be used, because the cost is very high. This can be completed, but it was all waiting for the owners of the bitcoin appear and fixing everything
 

[Md Saad]

Bitcoin definitely is going to be improved..if you think that as a currency then Bitcoin is a child, it has many lacking or availability, but day by day it is creating its platform and gained its credibility. So that is not so far when Bitcoin will be flow less. In my point of view that, bitcoin is in a right track to be improved...

I agree with you completely, bitcoin is on a right track, hopefully, bitcoin is going to be able to express itself is perfect currency. I think it will be very soon. people always choose the faithful thing t use as a currency, so bitcoin should be more accurate and faultless.

[pearlmen]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

I am yet to see anything that does not provide room for improvement not even bitcoin. Bitcoin has experienced several amount of improvement to what it is today and I am also optimistic  this is another challenge that will be surmounted in due time and very soon at that. What matter is the attitude of everyone of us in this crying times which will eventually turn out for the best for everyone.

[FlightyPouch]

There is no project with a perfect system,
And bitcoin of course there is a shortage gap, but despite rapid progress of bitcoin, of course bitcoin evaluation needs to be done to improve bitcoin development system useful for users.

It don't need to be a perfect system or code, it just need to be a good system that will be that many users will be using and not complain about it. But the thing is, the more it becomes popular and being used by many users, the more problems are happening in the system. Transaction fees and Confirmation is the problem most bitcoin users are discussing, but in the future, we all know that these will be gone.

[hubballi]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

Their is a solution for this problem but the miners dont want to implement it as it will decrease the fees of transaction and that will not give them profit, because on last halving the mining difficulties have gone up so componsite it they are clearing the transaction which are having high fees that is why the fees has gone up.

[Humanxlemming]

Yes as what butcoin doing now is improving it's community and still the prices rising enough. However bitcoin would be the most currency until in 2020 and the pruces of bitcoin in that year (2020) accumulating of $250,000 imany of entreprenuer predicting this increase prices

[Vixmore]

So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?

There is definitely some kind of solution out there and I just hope that someone can find it and finally solve this problem with transaction fees that we have had for such a long time. It may happen soon or it may never happen. We just have to wait and see.