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Author Topic: Bitcoin is working fine! No change needed!  (Read 4620 times)
AGD (OP)
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July 04, 2017, 06:51:37 AM
 #1

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

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July 04, 2017, 07:17:25 AM
 #2

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

If we do not accept new developments in bitcoin then we will still be suffering from transaction logs. If you remember last month there is a 200k plus pending transactions on the mempool, this implies that the current hashpower cannot comply to the demands on bitcoin. Thus it is necessary to increase the blocksize so we can make the transactions much more faster and with lower fees. If we do not accept new developments in bitcoin then companies will not trust bitcoin since it is unstable due to problematic network cause by blockchain overload. We need to increase the blocksize to bring back bitcoin into the mainstream and to attract big companies to adopt and join.

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July 04, 2017, 07:45:57 AM
 #3

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
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July 04, 2017, 07:58:26 AM
 #4

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I agree, I think bitcoin will work its way up all it really need is time. If in case it will drop down when SegWit comes, we traders should embrace the new system because that is only for the better of bitcoin and for us too.
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July 04, 2017, 08:10:59 AM
 #5

I agree completely, Even though sometimes there are piles of unconfirmed transactions but these all get confirmed within days, I don't see a big need for something changing the fundamentals of bitcoin right now, Although miners are pushing for it but I don't think it's needed. it's better not to try fixing that already works.
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July 04, 2017, 08:11:34 AM
 #6

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

That might be true, if the spam attackers could be stopped. In these last few days, we have seen the MemPool as it would have been without these spam attacks and everything worked fine. A small bump in the Block size would have been sufficient for now, until developers could figure out what to do with attack vectors, if the Block sizes grows too big. This whole battle between the different groups would have been stopped, with a small upgrade of the Block size. < The attacks would have been more expensive and the users would have been satisfied with confirmation times on the Blockchain. >  

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July 04, 2017, 08:13:19 AM
 #7

We're going to have to fix Bitcoin, this is something that's going to have to occur in order for people to get involved. At the current moment we're facing an insane amount of issues when it comes to fees (oh these are the fucking worst) next is going to be network congestion (which is somewhat clearing up, though it'd be nice to look for clearing this up for the future on this one) and an overall centralization of the miners when it comes to the issue of fixing bitcoin. Without the miners, we're all going to be fucked on working out a deal-- I hope everyone can put their bullshit aside and set something up finally to be able to fix this struggling community in a time where it would be so ripe for growth and prosperity.




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July 04, 2017, 08:16:57 AM
 #8

Wayback years ago when I started Bitcoin, I see that it has a good future, (I can earn 10k satoshi in one farming then Wink just sayin) but I stopped, but hey Im back again knowing that Bitcoin will become a bigtime Smiley.

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July 04, 2017, 08:18:36 AM
 #9

This needs to be fixed if we want more people to use the bitcoin daily, yes I agree maybe at this moment network can handle all the transactions but still why will somebody need to wait days when he can wait few hours or even minutes for his transaction to get confirmed. Let's be honest here, I totally agree with some posts above we need something new, bitcoin needs to develop so that it can be used and if you and me and others want to use it as a currency for a day to day payments.

Don't be afraid of change, it will happen and I am positive that it will just boost the performance of it which will allow us even to buy a coffee with it with low fees!
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July 04, 2017, 08:20:07 AM
 #10

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I think so, I still believe in bitcoin core, even though it receives a lot of complaints from everyone. Bitcoin core is still doing the job well, but what i worry about is its future.
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July 04, 2017, 08:22:36 AM
 #11

Give this baby time to grow, folks.
Bitcoin can't grow without more users, and it can't handle more users without more transactions.
Don't you think it's too much of a coincidence that just weeks before August 1, suddenly the transaction backlog is empty and fees are low again? It seems like power plays to me.

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July 04, 2017, 08:24:56 AM
 #12

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I understand this  - you're mostly right (SW part esp.).  

But in a world of competition and crypto-boom you cannot just 'stay' - you need upgrades, minimum levels are keep track with security. E.g. hacker's don't sleep!

But think bigger: How would you attract the world to accept bitcoin ?  With those fees and limited  txs space < 1MB?  - No way!

If you cannot attract the world in this run you see - byebye - others take over (LTC?) .


BTW: What do you estimate, how much of the BTC price is a future spread? How much money is paid because of the prospect to be worlds best asset ever?

Sure nobody can tell you exact, but I say it's huge. Who should pay this future premium if no prospect of growth exists? - > plummmmm

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July 04, 2017, 08:33:28 AM
 #13

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

The spam attacks can come back at virtually any time. Bitcoin has to be ready. So at least for that part a fix/mitigation is needed.
This will also show that Bitcoin can evolve, which becomes something that needs to be proven.

While I agree that devs need time to think it right, they did have quite some time to think and find the best solution. I still have faith in them, but some amount of pressure is always needed.


PS. I am really glad to see the current size of the mempool. The happy days are back.

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July 04, 2017, 08:47:08 AM
 #14

I agree with every word you have said. Bitcoin needs no segwit or any crap that could potentially bring it down. It's great the way it is and I don't really understand what's causing this turmoil around Bitcoin.

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July 04, 2017, 09:07:05 AM
 #15

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

You may be happy with "fine", but the blocksize limit of 1mb isn't fine.

I want Bitcoin to be "great", "fantastic", "brilliant", - "fine" is lowest common denominator acceptance.

Oh i do agree that we do not need segwit at all. Absolutely useless pile of extra codings for what? To potentially increase the blocksize.

Guess what, i had a nightmare this morning about segwit. It woke me up. The nightmare was about a car manufacturer wanting to make a faster car. A standard car of 1.0L engine is to have a 4.0L engine.

A wise engineer said, "No problem boss, 4.0L is it. A test car will be ready in a week."
Boss replied, "Great."
An idiot engineer trying to impress the boss said, "But boss, instead of building a 4.0L engine, can i suggest 4 * 1.0L engines. The front will have 1 * 1.0L engine the the boot will be enlarged to fit in 3 * 1.0L engine."
Boss looked very puzzled asked, "Why?"
The idiot engineer replied, "Well the buyer can choose whether to drive a normal standard car using only the front engine and another buyer can choose to drive faster using all engines."
Boss looked even more confused replied, "So, a buyer using 1 engine has top pay the extra costs of 3 extra engines and an enlarged boot for nothing?"
The idiot engineer replied, "Well boss, increasing the block size of a 1.0L engine is stupid. It will require the bonnet to be a little be longer to fit in a 4.0L engine."
Boss, even more confused asked, "How long will it take to get a test car ready?"
The idiot engineer replied, "Oh well, erm, perhaps 6 months to 2 years."

The visual nightmare woke me up.

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July 04, 2017, 09:18:15 AM
 #16

I guess everything related to technology has always to be updated for the better use of it ! Sometimes the updates are better, sometimes they are not, but they are necessary to close breaches that exist, or to correct things that are slow.  As this is cryptocurrency, it is necessary to close the breaches, make it fast, so it is wise to accept some changes, as long as it doesnt cost us, bitcoin "client" any massive lost.
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July 04, 2017, 09:22:22 AM
 #17

I admit bitcoin is working pretty well, it is expanding worldwide. But trading activities are more risky, there is no certainty in the transaction. When it is necessary to trade a large amount of bitcoin through intermediaries, it takes time. So we need to change something in bitcoin operation

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July 04, 2017, 09:25:22 AM
 #18

Give this baby time to grow, folks.
Bitcoin can't grow without more users, and it can't handle more users without more transactions.
Don't you think it's too much of a coincidence that just weeks before August 1, suddenly the transaction backlog is empty and fees are low again? It seems like power plays to me.
As majority of the users stated I too believe that blocksize increase is a must, but right now everything is quite good and nothing seems to be an issue. Even if some issues arise, within a short time span it is getting solved. All we need is time, because we're just 8-9 years from the day of bitcoin into the world. It needs time to show it's growth. Even before that no need to penetrate into it.

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July 04, 2017, 09:27:35 AM
 #19

If the bitcoin works fine without any changes then it's ok but as we all know that bitcoin does really need a few changes to be made to facilitate faster transactions with lower fee hence changes should be welcomed. The only thing which is needed is the consensus. There should be consensus among the miners and everyone else in the bitcoin ecosystem should support the devs and miners. After all all these changes are and should be aimed at making bitcoin a much better digital currency than it is now.

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July 04, 2017, 10:22:50 AM
 #20

Bitcoin is getting tested of the beta version of the segwit2x code and that makes the bitcoin to go back in normal but we are in just a beta version and we can expect more if the segwit2x will get implemented very well because the team is just testing and for sure there are some bugs but after august 1, bitcoin will become the best cryptocurrency again and it will make the price go up very high.
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July 04, 2017, 10:54:05 AM
 #21

Why do you say that,we need improvement,look at this long transaction and sky high fees
With more altcoin with better system,bitcoin should make improvement too,so it would be still number one after years to come
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July 04, 2017, 11:01:30 AM
 #22

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
You do have some points but we do need new system or add ups on bitcoin. I agree what you said that it does survive on those circumtances that do happen to it back in the past and also to this current state,bitcoin is still standing up and do gradually grow even more and segwit wont be needed for me but no one knows if it would be implemented or not. Lets wait and see.
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July 04, 2017, 11:15:48 AM
 #23

If we are not facing any issues and everything is fine and dandy, then there's no reasom not to be bothered. But with the problems on delayed transactions and escalating fees, one can't help but hope that something better is in the horizon. Or maybe there are groups that keep bitcoin from its natural progression that is why we keep encountering numerous glitches. Just wondering around here.
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July 04, 2017, 11:21:52 AM
 #24

The scaling debate is hurting bitcoin more than something else. it doesn't help at all
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July 04, 2017, 11:39:07 AM
 #25

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

If you ask me, there is nothing that is complete in itself without development or else with time, it will just fade away this has happened to several companies and they have faded away out of existence with the several competitors coming out with new technological advancement, bitcoin might not hold the forte for long if something is not done about the transaction time and the issue of transaction fee which has in no small way affected a lot of transactions that should have been carried out. Aside those two, every other thing is working fine.
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July 04, 2017, 11:50:32 AM
 #26

The scaling debate is hurting bitcoin more than something else. it doesn't help at all
I feel that the whole scaling issue brings people to hold off from holding Bitcoin since the other group of people know that the price know that the price of Bitcoin is going to increase so they try to post FUD against the coin.
Once the whole scaling issue is over there will be people that want to find new things that they can FUD against Bitcoin so the price of Bitcoin will go lower.


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July 04, 2017, 11:54:49 AM
 #27

The scaling debate is hurting bitcoin more than something else. it doesn't help at all
I feel that the whole scaling issue brings people to hold off from holding Bitcoin since the other group of people know that the price know that the price of Bitcoin is going to increase so they try to post FUD against the coin.
Once the whole scaling issue is over there will be people that want to find new things that they can FUD against Bitcoin so the price of Bitcoin will go lower.

Im already immune to those FUDs which i do treat it normally already on bitcoin ecosystem which do people would really try out to make fuds just to dump the price for them to buy a cheaper coin since they know that later on bitcoin would increase its price and can able to make profit. Scaling issue might really be hassle for some but for me its just fine actually.

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July 04, 2017, 12:41:33 PM
 #28

If anything, the spam attacks a few months ago show us that blockchain cannot handle massive number of transactions. We need to change something in bitcoin so it can adopt. But if we let it just stagnate, I am sure it will be eaten by competition.
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July 04, 2017, 12:45:26 PM
 #29

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
We really do need the new system, besides the large amount of time required for confirmation of TXs, there is also the high amounts of fees it has become completely pointless to transfer small amount of BTC It is completely unreasonable to pay $2 fees for a $10(or less)  transaction.
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July 04, 2017, 12:52:53 PM
 #30

it has become completely pointless to transfer small amount of BTC It is completely unreasonable to pay $2 fees for a $10(or less)  transaction.

I think that the wallets and the services need to evolve.

Most important, everybody should allow (in certain range) the user to set the amount of satoshi/kb they want to pay.
Of course, the services will have to have a bigger "lowest limit" to make sure the tx is actually confirmed (at all), but the days of fixed fees should be over.
I still see places (bittrex...) where they charge 0.001BTC for a withdrawal; I know that they can do better.

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July 04, 2017, 01:04:26 PM
 #31

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
We really do need the new system, besides the large amount of time required for confirmation of TXs, there is also the high amounts of fees it has become completely pointless to transfer small amount of BTC It is completely unreasonable to pay $2 fees for a $10(or less)  transaction.
Yes bitcoin still wants to improve in many things, like this confirmation time decrease and transaction fee. What we are paying it is the high amount for small bitcoins transaction. People are hoping that issues will solve on this August first. Let's wait for one more month maybe we see a lot of changes in bitcoin. At present only the price is good, and I don't want to change this price that means it can increase but not decrease.
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July 04, 2017, 01:05:25 PM
 #32

Surprisingly it was working smooth and steady and the confirmation times were really fast with lower fees for the past two days and i am not sure what the real cause is,but i think the spam attack has stopped completely for now and so is the reason,but we need to have a network upgrade if you are thinking about the future and i support the upgrade.
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July 04, 2017, 01:08:58 PM
 #33

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Enjoy $20 fees and waiting for hours to get a confirmation then.
The sole reason Bitcoin has 42% market share is because it sucks so bad that it's unusable.

Let's give it some more time to be dethroned by Ethereum.
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July 04, 2017, 01:09:26 PM
 #34

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I think so, bitcoin need not change. I used to think that segwit was the most perfect method for bitcoin, but I was wrong, and after I read an article about segwit, I realized it was still flawed. And I do not want to support it.
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July 04, 2017, 01:15:27 PM
 #35

All complain about the high price per transaction and too long propagation time of payment. It does not develop bitcoin further. If you take no action then all the advantages of bitcoin can be negated by disadvantages. This is not the last update, and I refer to this as evolution.
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July 04, 2017, 01:52:51 PM
 #36

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Everything has its own disavantages including Bitcoin. There are still so many things that Bitcoin need to be repaired. Even the best thing in the world needs to be updated frequently so why doesn't Bitcoin need to be changed?
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July 04, 2017, 03:09:27 PM
 #37

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

The current decrease in fee could be attributed to two things.

1. Spam attack stopped.

2. If you look at the stats bitcoin transactions volume has decreased in the last few days, most probably users have started storing their funds offline because of August uncertainty.

Yeah, today bitcoin transactions are getting confirmed with a low fee, but there is always a possibility that spammers would get back to their job sooner or later to manipulate fee or just to push their propaganda and then the same high fee drama would start again.

Second thing, the whole Segwit, BIP 148, and Segwit2x has already created a lot of uncertainty in the community and everyone is getting prepared for it so stalling it further would make the situation worse.

I came to read about Schnorr signatures, maybe this can help combat spam attacks. It was never if bitcoin needs to scale, it was always when and now would be the apt time.
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July 04, 2017, 03:29:26 PM
 #38

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Let's give it some more time to be dethroned by Ethereum.
I don't think that is ever going to happen, let the Ethereum bubble settle and soon enough BTC will be back to its past glory. BTC has few problems mainly because it's still using a older framework give it some time, and I don't think I need to point out that already ETH bubble is bursting. 
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July 04, 2017, 04:06:50 PM
 #39

Every technology needs updating. Similarly, BTC was best when it was introduced, now the situation has been changed, more than many country's populations joined into crypto world and the gateway is BTC. I support the Segwit completely and we needed some changes.

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skorupi17
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July 04, 2017, 05:03:20 PM
 #40

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Well if your definition of "working fine" is waiting for hours/days to have a transaction be confirmed and having higher fees just to make transaction faster, then yes. Bitcoin is really working fine. Yes, Bitcoin is great but why not make it greater? Bitcoin is still young, in terms of age of existence, we fully understand that but regardless of its age, if a necessary update/upgrade is needed then we have to compromise and do what is needed to be done.
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July 04, 2017, 05:41:56 PM
 #41

No, Bitcoin is not working fine. We need to figure out an adequate method to scale BTC so that there can be WAY more tps, therefore lowering fees which are currently killing any chance of going mainstream as fees are even higher than traditional fiat methods such as credit cards, etc. Once we figure that out, only then will it be smooth sailing.
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July 04, 2017, 06:40:26 PM
 #42

No, Bitcoin is not working fine. We need to figure out an adequate method to scale BTC so that there can be WAY more tps, therefore lowering fees which are currently killing any chance of going mainstream as fees are even higher than traditional fiat methods such as credit cards, etc. Once we figure that out, only then will it be smooth sailing.

Yes. Bitcoin IS working fine. Fees are much lower than traditional payment methods and there is no need to go mainstream (at least not more than it already is)

I don't know why some of you keep whining about the high fee. Seems you are not using Bitcoin these days. (or you doing it wrong)

Bitcoin is not a bubble, it's the pin!
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July 04, 2017, 06:52:37 PM
 #43

Every technology needs updating. Similarly, BTC was best when it was introduced, now the situation has been changed, more than many country's populations joined into crypto world and the gateway is BTC. I support the Segwit completely and we needed some changes.
I think you have some point and its true that since there's already a lots of people who's working with this currency there's should be some updates
but the essence should still be keep I'm not really a fan of segwit but if that helps improving the service then let it be.
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July 04, 2017, 07:07:40 PM
 #44

No, Bitcoin is not working fine. We need to figure out an adequate method to scale BTC so that there can be WAY more tps, therefore lowering fees which are currently killing any chance of going mainstream as fees are even higher than traditional fiat methods such as credit cards, etc. Once we figure that out, only then will it be smooth sailing.

Yes. Bitcoin IS working fine. Fees are much lower than traditional payment methods and there is no need to go mainstream (at least not more than it already is)

I don't know why some of you keep whining about the high fee. Seems you are not using Bitcoin these days. (or you doing it wrong)

If this is fine, then compared to Litecoin, Ethereum, Dogecoin, I'll take broke. It takes forever to confirm a transaction sometimes, even with a decent fee, and at this bitcoin price rate, the fee withdrawing from exchanges is worse than buying a money order with fiat.

It's better than driving to the bank, and its easier than going to the store to get a money order, but compared to other crypto-currencies, it isn't quite what it could be.

Let's hope for a faster network in the future.
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July 04, 2017, 07:12:09 PM
 #45

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

One thing that is constant is change and improvement. Even fiat in several countries have been improved upon to reflect current challenges and economic conditions which various improvements have been applied and still being applied in which I feel is equally applicable to bitcoin. There have been several alts that have level on the deficiencies of bitcoin and they are still relevant that alone creates room for improvement not to now talk of the most obvious ones which are the transaction fees and time that taken the upward trend in recent times.
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July 04, 2017, 09:14:56 PM
 #46

There is always room for improvement when it comes to everything , but seeing how the seeing is going very smoothly now, why do we bother to make changes, changes that might make everything become worse eventually,  let's wait and if a problem arises then deal with it.

 
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July 04, 2017, 09:29:56 PM
 #47

If the bitcoin works fine without any changes then it's ok but as we all know that bitcoin does really need a few changes to be made to facilitate faster transactions with lower fee hence changes should be welcomed. The only thing which is needed is the consensus. There should be consensus among the miners and everyone else in the bitcoin ecosystem should support the devs and miners. After all all these changes are and should be aimed at making bitcoin a much better digital currency than it is now.
I agree we should not be afraid of bitcoin changes because until now they are working well to finish what should be done.
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July 04, 2017, 09:32:30 PM
 #48

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Bitcoin is the greatest thing ever and I also like it how it is, but this slowly transactions and high fees just killing me. We have to see all positive and negative sides of SegWit and stuff, they all make the use of bitcoin easier, cause of people are coming, everybody want bitcoin. We can't do anything with that, mass adoption is the main thing why the price is raising and we want it raise, don't we?
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July 04, 2017, 10:04:44 PM
 #49

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

No it's not and you know it for yourself maybe it is fine when it comes for its value but the transactions fees and delays is not good about it because one of the trademark of Bitcoin is it can send payment worldwide within a minutes and low cost of transaction fees.

You said that Bitcoin has survive different attacks because the devs is keep on changing something to protect it from any malicious attacks so why you don't want it to adopt to SegWit, if we stick to old and not reliable method then we are not moving forward anymore.

If you believe that Bitcoin is strong and will survive whatever happens then trust this one because this is for good and nothing else.
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July 05, 2017, 12:27:54 AM
 #50

Im putting my faith on Bitcoin. It pretty working fine for now. Lets just wait what happen after August 01, hopefully Bitcoin will be again the best cryptocurrency.

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July 05, 2017, 12:40:55 AM
 #51

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I agree with half your point, since Bitcoin right now is great and it needs no change. But who says that in the next 5 years Bitcoin will still stay on top, we need to start improving Bitcoin right now, for us to keep up with all the other alt coins that are trying to overtake Bitcoin. There are still issues right now that are related to Bitcoin, but they are relatively small (transaction fees, long confirmation times),  Segwit should fix the miner fees, which is a good since for the growth of bitcoin

 
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July 05, 2017, 12:55:09 AM
Last edit: July 05, 2017, 04:19:54 AM by iram1011
 #52

Bitcoin works excellent when we talk about security and as an innovation. But at present bitcoin is facing scalability issue and there is a huge transaction backlog which have created a problem of high fees. Segwit allows  more data to be included per block. With 100% of transactions using segwit features this is expected to be about 2MB of data per block, however in the worst case could be up to 4MB of data per block. In so far as it allows a greater transaction volume, it can be expected to increase the UTXO database more quickly. With 100% of transactions using segwit features, the rate of increase might be expected to approximately double; however because segwit is a soft fork, the worst case UTXO growth is unchanged. Segwit solves these problems.
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July 05, 2017, 03:59:17 AM
 #53

Bitcoin works excellent when we talk about security and the and as an innovation. But at present bitcoin is facing scalability issue and there is a huge transaction backlog which have created a problem of high fees. Segwit allows  more data to be included per block. With 100% of transactions using segwit features this is expected to be about 2MB of data per block, however in the worst case could be up to 4MB of data per block. In so far as it allows a greater transaction volume, it can be expected to increase the UTXO database more quickly. With 100% of transactions using segwit features, the rate of increase might be expected to approximately double; however because segwit is a soft fork, the worst case UTXO growth is unchanged. Segwit solves these problems.


You are not using Bitcoin, are you?
https://blockchain.info/de/unconfirmed-transactions

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July 05, 2017, 04:04:24 AM
 #54

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

yeah agree instead of segwitx2 maybe its time to fix goddamn fees or maybe transaction time , dont know if clearing blocks from segwit will make transaction faster tho , i heard also it will be splitted between bitcoin core and bitcoin unlimited , the hell is different between these two things ? i still didnt understand , they just make it harder for bitcoin user

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July 05, 2017, 04:08:56 AM
 #55

Yeah it works fine right now no doubt at all but there is one side of bitcoin that has a negative impact to the users of it is about transactions,yes its working pretty good but not as good before because too much delay in transactions right now

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July 05, 2017, 04:09:25 AM
 #56

If you satisfy with the current scenario think about last month 220k plus transaction on the Memphis so the current hashpower cannot satisfy to the demands on bitcoin. So it is required to increase the block size.
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July 05, 2017, 04:12:23 AM
 #57

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I agree op I also wish they leave Bitcoin as it is without making any unnecessary changes, I am so pissed when this all started why mess up with something that is already beautiful but no this guy's have decided they will destroy Bitcoin and it's a shame no one has stood up to this, today we all will be here and tomorrow we will be like why didn't we make a case, why didn't we stop this. It's yet another chance for us to form a bond and stop this.
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July 05, 2017, 04:15:12 AM
 #58

But growing fees and slow confirmations are a problem that needs addressing. If bitcoin is to stay the king of crypto, and gain popularity among masses, it has to fix these problems sooner than later.
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July 05, 2017, 05:26:41 AM
 #59

But growing fees and slow confirmations are a problem that needs addressing. If bitcoin is to stay the king of crypto, and gain popularity among masses, it has to fix these problems sooner than later.

There are no growing fees and no confirmation problems. Did you try it out? I did.

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July 05, 2017, 05:52:11 AM
 #60

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
No,bitcoin needs a change.Bitcoin users suffer more either due to high transaction fees or slow transactions.If segwit had been implemented earlier,bitcoin price may have crossed $3500 by this time.So,segwit has to be activated and we could hope that it would be activated on August 1st.
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July 05, 2017, 05:54:05 AM
 #61

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
right like. We don't need the new changes from bitcoin because the current bitcoin is works very well and pleased many investors.So I don't think they need to change new bitcoin
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July 05, 2017, 06:04:01 AM
 #62

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

yeah agree instead of segwitx2 maybe its time to fix goddamn fees or maybe transaction time , dont know if clearing blocks from segwit will make transaction faster tho , i heard also it will be splitted between bitcoin core and bitcoin unlimited , the hell is different between these two things ? i still didnt understand , they just make it harder for bitcoin user

The introduction of  Schnorr signatures will make spam attacks a lot more expensive and this will reduce these spam attacks and also sort some of the problems with scaling. So this has two advantages < it takes less space and it makes spam attacks more expensive > I am saying more expensive, not impossible and these are just some of the advantages applicable to this argument. You can read a bit more about this here : https://bitcoinmagazine.com/articles/the-power-of-schnorr-the-signature-algorithm-to-increase-bitcoin-s-scale-and-privacy-1460642496/

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July 05, 2017, 06:11:28 AM
 #63

I have a lot of transactions that took 24 to 32 days to confirm and if the Bitcoin community grows the problem of confirmation will persist and the transaction price will go up,technology is growing and changing and Bitcoin should be ready for massive adoption that is why we need a change or add .

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July 05, 2017, 06:53:37 AM
 #64

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

If we do not accept new developments in bitcoin then we will still be suffering from transaction logs. If you remember last month there is a 200k plus pending transactions on the mempool, this implies that the current hashpower cannot comply to the demands on bitcoin. Thus it is necessary to increase the blocksize so we can make the transactions much more faster and with lower fees. If we do not accept new developments in bitcoin then companies will not trust bitcoin since it is unstable due to problematic network cause by blockchain overload. We need to increase the blocksize to bring back bitcoin into the mainstream and to attract big companies to adopt and join.
This is exactly my point because as individuals we can still cope with the time lags between sending and receiving likewise with the high transaction fees because we have come to understand the basic technicality surrounding such situations but for companies who wants to make profit and make life easier for their customers, I doubt if they will have such patience and the irony of it is that, the set of people that can pull the kind of response we want in the place that matters when it comes to government institutions are companies considering the volume of transactions they will be doing on a recurrent basis.
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July 05, 2017, 08:14:47 AM
 #65

i guess if you can accept the current enormous fee then it's fine yes, but not everyone is ok with the current expensive fee, bitcoin is not suitable for micro-transaction

which is hindering adoption for casual people that want to buy small stuff, and i'm not talking only about the usual coffee, but also many steam game that are on sale and very cheap can not be bought with bitcoin

because you end up spending 2-3 times more than their cost, which is retarded
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July 05, 2017, 08:29:33 AM
 #66

I hope that the devs of bitcoin can provide a good idea for the high charges to all the bitcoin consumers today the transaction is become more expensive and slowly it takes a long time to recieve your payment i hope they can fix it if needed to broke the old bitcoin into for the sake of all its fine for me

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July 05, 2017, 11:00:39 AM
 #67

Btc is great, i agree. But btc still needs improvement to further develop, more and more perfect and attract more users. From there it can become a popular currency worldwide. What I often hear about btc is that the transaction costs are too high. I hope this will be changed.





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July 05, 2017, 08:10:28 PM
 #68

The problem is fees will continue to grow. A year ago we were paying 50% less, so what will happen in 2018? Another raise by 50%?
I don't know if it's working as intended, but somewhere someone has made a miscalculation. Maybe Satoshi didn't expect such growth or maybe he decided we will upgrade at some point. Anyway, thinking the market will regulate itself is naive, because the only regulation it's imposing is increasing the fees proportionally to the growing value of BTC, which makes long time holders say it's all fine, and newcomers complain and leave.

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July 05, 2017, 10:20:01 PM
 #69

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Thoughts like this are exactly what got Nokia and BlackBerry out of the market. When you think you are OK and just doing fine in your comfortable zone as a king, someone else will come up with something better and before you know it, it may be too late to recover. I think it is best we do it better so as to give better experience to be able to continue staying at the top.
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July 05, 2017, 10:35:19 PM
 #70

The problem is fees will continue to grow. A year ago we were paying 50% less, so what will happen in 2018? Another raise by 50%?
I don't know if it's working as intended, but somewhere someone has made a miscalculation. Maybe Satoshi didn't expect such growth or maybe he decided we will upgrade at some point. Anyway, thinking the market will regulate itself is naive, because the only regulation it's imposing is increasing the fees proportionally to the growing value of BTC, which makes long time holders say it's all fine, and newcomers complain and leave.
This is the only thing that i think the problem with bitcoin the fee is a big problem if segwit activation can give a solution about the increase of the fee and the increase of speed of transaction we will see a big price pump of bitcoin..
Bitcoin was fine last year because we are paying small amount of fee but right now we are experience of big fee if our transaction is high size even we are just sending a small amount of bitcoin but the fee is nearly the amount you send..
This should be priority to fix not other features..
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July 05, 2017, 10:44:17 PM
 #71

Btc is great, i agree. But btc still needs improvement to further develop, more and more perfect and attract more users. From there it can become a popular currency worldwide. What I often hear about btc is that the transaction costs are too high. I hope this will be changed.
in fact there is nothing wrong in bitcoin, bitcoin is in fact a perfect currency and is providing opportunities to their users to use it for different purposes and in act that are getting good profit from it.

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July 05, 2017, 10:49:48 PM
 #72

I believe bitcoin need to evolve and upgrade to keep up with the technological development and be able to scale with the number of people transacting with Bitcoin.  If Bitcoin development become stagnant, yes it is functioning well today but who knows if it will cope up with the competition especially in scaling and current technology the new altcoin is offerring.
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July 06, 2017, 12:37:08 PM
 #73

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
Everything can be and should be subjected to improvements with the passage of time. In this global village we are living in right now it has become crucial to keep up to the industry.

Bitcoin if outdated will need new methods to be implemented. But right now bitcoin is already ahead of time. The infrastructure and he system that was built years ago was made to be adaptive. The methods and the capabilities that are already present are enough.
Change will of course be needed in future, but the infrastructure and system on which bitcoin is working right now is very good.
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July 06, 2017, 02:15:49 PM
 #74

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
Everything can be and should be subjected to improvements with the passage of time. In this global village we are living in right now it has become crucial to keep up to the industry.

Bitcoin if outdated will need new methods to be implemented. But right now bitcoin is already ahead of time. The infrastructure and he system that was built years ago was made to be adaptive. The methods and the capabilities that are already present are enough.
Change will of course be needed in future, but the infrastructure and system on which bitcoin is working right now is very good.
You're right.I'm also satisfied with what is bitcoin right now.It's price is in a good stand..and still continuosly rising up to the coming days.I believe change is coming,of course it's inevitable.But i know changes will take place for the good sake of bitcoin.There's always a big room for improvement.And that made bitcoin more irresistible.

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July 06, 2017, 02:19:39 PM
 #75

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

The bulk of miners and node-holders agree with you -- no substantial changes will ever be implemented, and that goes for all forms of SegWit including SegWit2X. Instead, new technologies will implement the equivalent of SegWit on their own, with no consensus needed -- sidechains, etc.

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July 06, 2017, 04:33:44 PM
 #76

Nothing in this world is resistant to change, that includes bitcoin. It can be effective now, but as the number of users increase, bitcoin cannot cope up with the transaction increase. A change is needed in order for it to scale.
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July 07, 2017, 12:47:49 AM
 #77

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
No one is denying that Bitcoin doesn't work fine, it has definitely survived many attacks and it is still going strong. However, there are definitely many ways for it to get better and who doesn't want that. We definitely don't need SegWit, but it would be really great to have it as more and more people will then invest into Bitcoin. Transaction times and fees are the main problems people have with Bitcoin, and SegWit solves those problems for us. We have given Bitcoin along time to grow already, and now we need to step in and give it the little boost that it needs. SegWit won't make Bitcoin great again, because Bitcoin is already great, it will just make Bitcoin better than it already is. The reason for all this is so that people earn more money in the end really. If people didn't want to make money, we wouldn't need SegWit because Bitcoin is already working fine. But it is definitely needed to help make Bitcoin mainstream and that is how the price goes up, as more people invest.
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July 07, 2017, 01:04:32 AM
 #78

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Really? I used to do *zero* fee transactions a couple of years back. How come I don't see that now?
Plus there is a laundry list of things which have been ruled out due to high transaction fees.

https://cointelegraph.com/news/three-things-killed-by-high-bitcoin-transaction-fees
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July 07, 2017, 01:10:44 AM
 #79

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
bitcoin is still fine after a lot of attacks are true and I think perhaps the change is indeed needed not only to adjust the mass adoption but also to make bitcoin better. changes are needed to adjust the progress of the times.

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July 07, 2017, 03:27:20 AM
 #80

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I think it needs an upgrade. As the increase of users of bitcoin there's also an increase in the transaction thats why the block chain is now congested. With the upcoming upgrade of segwit2x that there will be an increase in the size of the block chain just to resolve the current issues that bitcoin is facing. Hope that correction will be successful as the bitcoin community will be fine. And yeah bitcoin is undoubtedly great and awesome but it needs some upgrade.

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July 07, 2017, 03:45:18 AM
 #81

Are you kidding me? Have you not made a transaction over the past year??

Bitcoin's scaling problem is a huge issue. We need SegWit or some other method to increase the blocksize and increase the number of transactions that are confirmed over a period of time. We also need to reduce that transaction fee!

You need to look around yourself. Do you see many vendors accepting Bitcoin these days? No, I thought so. There is a reason for that and that is the scaling issue and the massive transaction fees. If fiat is playing better that Bitcoin then why would anyone change to Bitcoin? These issues need to be addressed for Bitcoin to become a success.
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July 07, 2017, 04:03:17 AM
 #82

Yes, btc is working very well, but does not mean that there is no need to improve. I'm not talking about btc's security mode but I'm just talking about what the current users are not really like . Of course, all that has to be changed, must be renewed. Why do we always want btc to become a global currency, the strongest currency in the world but afraid to change? The change is very necessary but not all, btc must still be btc with its typical characteristics.





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July 07, 2017, 04:09:42 AM
 #83

It is working great, but if the changes can makes Bitcoin become greater, I think there is nothing wrong with it, the one that need to change is the transaction speed and fee, if it can change then it can attract more people and Bitcoin can still become number one, and changes is needed to follow the world development, so Bitcoin can survive in the long time


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July 07, 2017, 04:17:43 AM
 #84

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

What? How could we reach mass adoption with these high transaction fees and high transaction times? We need a solution. and we need it ASAP. Yes bitcoin is great. But it wouldn't survive if this problem stays longer. Altcoins like litecoin and dash could overtake bitcoin in no time.

and NO. Bitcoin is currently NOT FINE.

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July 07, 2017, 05:06:28 AM
 #85

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
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July 07, 2017, 07:54:49 AM
 #86

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
Just imagine when 100 millions people on this planet use bitcoin for daily purpose. How can the current bitcoin blockchain maintain the huge number of transactions everyday like that? bitcoin has been stucked recently and it is not a good sight and if you want to develop bitcoin, we need to make a big change so that bitcoin will become better and stronger

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July 07, 2017, 08:17:46 AM
 #87

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

I agree with you. But, like a baby, Bitcoin needs new intake. In order to grow with the times. So, SegWit is very necessary.

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July 07, 2017, 08:25:34 AM
 #88

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁

Except the value will never increase if bitcoin can't be scaled. It was never meant to function as is, it was always meant to be updated to meet the challenges ahead. Currently Segwit is the most likely candidate for solving these issues and once its adopted I'm sure bitcoins value will skyrocket.
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July 07, 2017, 08:52:07 AM
 #89

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
Just imagine when 100 millions people on this planet use bitcoin for daily purpose. How can the current bitcoin blockchain maintain the huge number of transactions everyday like that? bitcoin has been stucked recently and it is not a good sight and if you want to develop bitcoin, we need to make a big change so that bitcoin will become better and stronger
So one of the first step is bitcoin segwit activation to develop bitcoin and help to become better and stronger?
Well honestly we do not see the future what will be happen after segwit or another future develop for bitcoin. just lets hope that bitcoin could become stronger and better after the segwit activation..  and hoping the fee debate will be finished after segwit.



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July 07, 2017, 09:22:30 AM
 #90

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁

Yeah, no... that's not how this works.  Bitcoin will not increase in value the way you'd like unless something changes. 

The fees are already drastically higher than credit cards and transactions are extremely slow to process.  It will only get worse.  There is very little utility in a currency that cannot realistically be used.
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July 07, 2017, 09:27:33 AM
 #91

Fees coming down. Hour fee around ~$1.30 on 250b tx. Quick fee $2. Turn those machines back on! Turn those coffee machines back on!!
Fastest Fee: 341 sat/byte
Hour Fee: 199 sat/byte
Day Fee: 20 sat/byte

And the activation of segwit2x on bitcoin's network will be dangerous for bitcoins for example please see ethereum be two comunity and blockchain.  Grin
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July 07, 2017, 09:30:44 AM
 #92

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
regarding to increase of value I'm sure that will still happen even we see changes or not it will still go up its just time that will tell when will it happen but for sure supporters will push this up no matter what bitcoin is already a well known investment/currency and it will make more believers to join.
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July 07, 2017, 09:32:56 AM
 #93

The split also means a potential for further growth. I hope in a case of fork, the value is not split in half, but rather remain the same and it just spreads onward. Example,  bitcoin fork one has the same value as bitcoin fork 2.
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July 07, 2017, 10:28:12 AM
 #94

Bitcoin is working good. Still, it also need some changes in security terms or any. Not only this, every technology needs updated versions. Somebody asking like that it is working fine, why it needs change. To meet its target, bitcoin needs changes. That's it. 
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July 07, 2017, 10:42:34 AM
 #95

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Like every technology, even bitcoin has to get updated in order to grow. I don't see segwit as a danger for the bitcoin environment, but rather like a good update to the system to ensure that the possible growth will be backed up by a stable system (with less fees and quicker transactions).
Whoever says otherwise is just scared for the possible temporary drop in price.
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July 07, 2017, 10:49:52 AM
 #96

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Like every technology, even bitcoin has to get updated in order to grow. I don't see segwit as a danger for the bitcoin environment, but rather like a good update to the system to ensure that the possible growth will be backed up by a stable system (with less fees and quicker transactions).
Whoever says otherwise is just scared for the possible temporary drop in price.
Segwit is a positive improvement or upgrade for bitcoin and segwit will make the bitcoin transactions faster because there will be a split on the chain so it will be more space for the bitcoin network and the transactions will not get stuck again unless if the volume of users will increase so high like what happen a few months ago.
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July 07, 2017, 10:53:46 AM
 #97

As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.
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July 07, 2017, 11:09:12 AM
 #98

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
Like every technology, even bitcoin has to get updated in order to grow. I don't see segwit as a danger for the bitcoin environment, but rather like a good update to the system to ensure that the possible growth will be backed up by a stable system (with less fees and quicker transactions).
Whoever says otherwise is just scared for the possible temporary drop in price.
Segwit is a positive improvement or upgrade for bitcoin and segwit will make the bitcoin transactions faster because there will be a split on the chain so it will be more space for the bitcoin network and the transactions will not get stuck again unless if the volume of users will increase so high like what happen a few months ago.
Yes, definitely. And I personally can't wait to see it happen. What will the future hold for us bitcoin enthusiasts? Smiley
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July 07, 2017, 11:15:24 AM
 #99

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Fam, all man-made things in this world must have innovation why? because our world is constantly changing and becoming more technical. What i mean is Bitcoin is great but still it needs to be innovated so that it will still be able maintain its position as the top cryptocurrency. It needs further development for it to run smooth as f. 
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July 07, 2017, 12:32:59 PM
 #100

Btc is great, i agree. But btc still needs improvement to further develop, more and more perfect and attract more users. From there it can become a popular currency worldwide. What I often hear about btc is that the transaction costs are too high. I hope this will be changed.
bitcoin is a currency that is like a super star for us now days it has a value able caption and has large capacity of saving and enlarging your money. bitcoin is the best currency but need to improve its conformation timing  but it’s also improving with time .

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July 07, 2017, 08:49:35 PM
 #101

People just love to moan and believe in their own nonesense. It's sad. There will skesys be naysayer's no matter what. Those naysayer's never make any difference and are unimportant so let them believe as they wish because it is you who will benefit from making the correct choices and investing wisely. People like that are people full of fear. Always with an excuse not to do something or another. It's a pattern you will notice with some people.

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July 08, 2017, 12:19:19 AM
 #102

As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.

Dude people are complaining about the slow confirmation time and we need change that. I agree it has proven itself but we need certain areas to improved so that bitcoin can go further that you ever dream of. If we are struck with this issue, then bitcoin will stall. And so that there is also a high chance that it will be mass adopted sooner than later. I hope you understand why changes are needed to bitcoin technology.









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July 08, 2017, 02:02:56 AM
 #103

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
Just imagine when 100 millions people on this planet use bitcoin for daily purpose. How can the current bitcoin blockchain maintain the huge number of transactions everyday like that? bitcoin has been stucked recently and it is not a good sight and if you want to develop bitcoin, we need to make a big change so that bitcoin will become better and stronger
I would still believe in bitcoin that even a hundred million will use it, it will process smooth. Until now I haven't experience hastle in bitcoin, and I am wishing that it will continue as smooth as it is. 😊
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July 08, 2017, 03:18:32 AM
 #104

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Transaction fees have risen to the point where Bitcoin cannot compete with banks. That was originally one of the great promises of Bitcoin, and now the network congestion is causing far too many problems that will inhibit future growth. Things are certainly not fine as is, Bitcoin is at capacity, and future growth is inhibited by the network congestion and sky high fees. If Bitcoin is unable or unwilling to address these issues, there are only 500 other cryptos eager to steal market share by adopting common sense solutions.

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July 08, 2017, 03:23:21 AM
 #105

Yeah, working just fine. But not really perfect. There is still a big room for improvement.

Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
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July 08, 2017, 04:22:39 AM
 #106

Tell that to whiny babies running around complaining about high fees and slow confirmations after you managed to see my post though.
Last time I checked there were supposed to be no 'folks' in bitcoin deciding and bossing us around unless something has changed and you know more than we do?
Of course it's working fine without any change needed, only if you are rich already and willing to pay a higher fee each time you transact, as every day more people enter and start massive use of bitcoin the block size limit will eventually become an issue you like it or not.
Folks look who's that baby crying will ya? Cheesy
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July 08, 2017, 06:21:49 AM
 #107

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.

Why do you say that? Did you make any transaction lately or you are just repeating old news?

Bitcoin is not a bubble, it's the pin!
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July 08, 2017, 09:18:50 AM
 #108

Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
Just imagine when 100 millions people on this planet use bitcoin for daily purpose. How can the current bitcoin blockchain maintain the huge number of transactions everyday like that? bitcoin has been stucked recently and it is not a good sight and if you want to develop bitcoin, we need to make a big change so that bitcoin will become better and stronger
I would still believe in bitcoin that even a hundred million will use it, it will process smooth. Until now I haven't experience hastle in bitcoin, and I am wishing that it will continue as smooth as it is. 😊

We're not even close to hundred million and the community is already experiencing tons of problems. i wonder where did you get your confidence in your claim.

every peole have their own definition of hastle. the only people who haven't experienced any hastle on bitcoin are the rich persons who are fine paying a lot of sats on their

transactions. maybe you're fine now but in the future it will not always be the case as the transaction fees are increasing when more and more transaction goes through, at the

same time the confirmation time gets slower. In this world we always need innovation and strive for improvement.

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July 08, 2017, 01:34:28 PM
 #109

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.

Why do you say that? Did you make any transaction lately or you are just repeating old news?

The fees are still too high for micro transactions.
And the clog in the mempool has dropped because the usage has also dropped.
People are sending less frequently money,not using it for small payments or earnings and this way you can't say that everything is fine.

Is like imposing gas ratios and when seeing people still driving around  you say everything worked well.

And btw, the network hash rate exploded lately and blocks are coming up at around 9 mins, that's a hefty 10% increase in the chain capacity that will evaporate (maybe) next week.

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July 08, 2017, 01:38:32 PM
 #110

Well I think that we need to accept the new system. I know that bitcoin's progress is way beyond our expectations. But the transferring of money is one of our problem. It requires a lot of time for us to process our money. We just need to agree to the new system because it is for our own good also, but what the bitcoin price is what we really are afraid about. It is possible that bitcoin will drop to $500.
Yes bitcoin is good for now but is okay and much better to change and develop for progress. Asides the develooment is inevitable in the sense that new system can actually happen because technology is way beyond our thinking in development. I also see bitcoin as a currency in the future for every transactions for more people to support it and to achieve its system.
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July 08, 2017, 01:43:27 PM
 #111

One thing that is consistent is change and development. Without a doubt, even fiat in a couple of countries have been improved to reflect current troubles and budgetary conditions which distinctive redesigns have been associated and up 'til now being associated in which I feel is likewise applicable to bitcoin. There have been a couple of altcoins that have level on the inadequacies of bitcoin and they are so far critical that without anyone else develops chance to get not to now talk of the most obvious ones which are the trade charges and time that taken the upward example starting late.
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July 08, 2017, 01:57:20 PM
 #112

To my mind, bitcoin is a full-established cryptocurrency that doesn't need any fixes. For sure, as the time passes, it needs to be upgraded and improved, but not now!
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July 08, 2017, 05:52:56 PM
 #113

The technology, features and security system were good in bitcoin. In simple way, bitcoin is fully-featured application, but it will need changes to meet next generation requirements in payment system.

 
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July 08, 2017, 05:56:46 PM
 #114

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.

Why do you say that? Did you make any transaction lately or you are just repeating old news?

The fees are still too high for micro transactions.
And the clog in the mempool has dropped because the usage has also dropped.
People are sending less frequently money,not using it for small payments or earnings and this way you can't say that everything is fine.

Is like imposing gas ratios and when seeing people still driving around  you say everything worked well.

And btw, the network hash rate exploded lately and blocks are coming up at around 9 mins, that's a hefty 10% increase in the chain capacity that will evaporate (maybe) next week.


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July 09, 2017, 06:28:09 AM
 #115

As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.

Change is the only constant thing in life. It's a principle that's cardinal to development. Whenever I hear people say Bitcoin should be left the way it is and that there isn't any problem with it, I am thrown off balance. What? With all these inconsistences of transactions and high fees and delays? Such frustrate the use of Bitcoin and that's got to change if we were to advance Bitcoin and get more people to use it.

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July 09, 2017, 06:46:17 AM
 #116

As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.

Change is the only constant thing in life. It's a principle that's cardinal to development. Whenever I hear people say Bitcoin should be left the way it is and that there isn't any problem with it, I am thrown off balance. What? With all these inconsistences of transactions and high fees and delays? Such frustrate the use of Bitcoin and that's got to change if we were to advance Bitcoin and get more people to use it.
We do really want some changes on bitcoin specially on scaling issue and to its fees but we do know it isnt possible to make such changes,if it does then Bitcoin would be the perfect coin among all who are in the market thats why some alts do patch up this kind of flaw from bitcoin and continue to progress since people do see it as an good option for them.

.
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July 09, 2017, 06:49:27 AM
 #117

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

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July 09, 2017, 07:41:59 AM
 #118

As per my knowledge, there are no changes required for bitcoin as it is already proven itself in the market.

Dude people are complaining about the slow confirmation time and we need change that. I agree it has proven itself but we need certain areas to improved so that bitcoin can go further that you ever dream of. If we are struck with this issue, then bitcoin will stall. And so that there is also a high chance that it will be mass adopted sooner than later. I hope you understand why changes are needed to bitcoin technology.
If you mean with bitcoins needs be changed is bitcoins hard fork, we can take lesson from ethereum's hard fork.
The lessons and unintended results of TheDAO and the Ethereum contentious hard fork. Technical success but political failure. The expensive potential damage for all cryptocurrencies of contentious hard forks. All cryptocurrencies get one mulligan. Being in a position where you're making decisions in this ecosystem is very difficult and a dangerous handicap. Tendencies to fragment. The Bitcoin Unlimited remote exploit bug. They should be relieved it was discovered early. Quality of code does not depend on having the best "superstar" developers, because they come on a Bell curve; quality code comes from a good QA process and a very large, diverse development team matter. Ethereum has a fantastic opportunity to learn from the mistakes of Bitcoin, and Bitcoin from the mistakes of Ethereum. Cross-ecosystem learning is how we mature.
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July 09, 2017, 09:52:00 AM
 #119

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
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July 09, 2017, 10:07:18 AM
 #120

Yeah, working just fine. But not really perfect. There is still a big room for improvement.

Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
As of now I don't have any problem with my bitcoin, in my bitcoin wallet I don't have any transaction fees especially when I am about to withdraw my bitcoin and converted it into fiat. So for me bitcoin works fine.
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July 09, 2017, 02:30:38 PM
 #121

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).

Not everyone here understands that. Funny that Bitcoin fee is pretty low atm and these honks still keep complaining about high fees.  Huh

Bitcoin is not a bubble, it's the pin!
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July 10, 2017, 11:51:22 PM
 #122

To my mind, bitcoin is a full-established cryptocurrency that doesn't need any fixes. For sure, as the time passes, it needs to be upgraded and improved, but not now!
Absolutely right! Bitcoins are extraordinarily leading the crypto market. Bitcoins do not have any serious flaw but room of improvement is always there. At present, there is nothing that should get fixed but with the unsteady world economy, it will need certain improvements.
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July 11, 2017, 12:03:57 AM
 #123

To my mind, bitcoin is a full-established cryptocurrency that doesn't need any fixes. For sure, as the time passes, it needs to be upgraded and improved, but not now!
Absolutely right! Bitcoins are extraordinarily leading the crypto market. Bitcoins do not have any serious flaw but room of improvement is always there. At present, there is nothing that should get fixed but with the unsteady world economy, it will need certain improvements.
A few months ago you would not be feeling this comfortable to talk and use bitcoin confidently because it took to long for a transaction to confirm and other people got scammed because of this when users would receive bitcoins with low fees such that they would get dropped from the network and other party loses out in the process but right now Bitcoin is working fine and it will work better when prices go to the moon as we would have less network spammers by then...
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July 11, 2017, 03:39:53 AM
 #124

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
That is just because the spam attack was stopped some time ago, we need bigger capacity to transactions that is not up to discussion what we need is to come to an agreement on the solution that we are going to choose and follow it.
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July 11, 2017, 04:10:21 AM
 #125

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
You are right but still in my opinion we need to make a thing more better than from better .
Here the segwit2x will not only give the birth of new baby in form of another new coins but also this will give the birth to the new technology in the algorithm of the blockchain .
During the bulky transaction the transaction fee absolutely get increase but normally fee remained same , so currently the blockchain old segwit was and is better but I think the team of the blockchain is making the blockchain network more better for the future because only a few percentage of the people are using Bitcoin but in the future we need more better technology so that the network can easily handle the bulk traffic of transaction with a suitable amount of fee .
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July 11, 2017, 04:14:47 AM
 #126

Yeah, working just fine. But not really perfect. There is still a big room for improvement.

Transactions fees have to fixed. They are simple too high. Confirmation time is another one they have to do something with.
As of now I don't have any problem with my bitcoin, in my bitcoin wallet I don't have any transaction fees especially when I am about to withdraw my bitcoin and converted it into fiat. So for me bitcoin works fine.

Which wallet do you use where for outgoing transaction there is no fees ? Is there any fees on incoming like LB have started taking fees for incoming too ? Fees charged by this wallets are high and it's killing even to transfer the Btc due to such high transaction amount charged by them .
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July 11, 2017, 06:33:06 AM
 #127

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.
No,definitely we need segwit.Already,we have suffered a lot by paying high transaction fees due to small block size.So block size has to be increased and for that segwit has to be activated.Only that would ensure smooth and quick transactions.

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July 23, 2017, 07:06:27 PM
 #128

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
Correct, the free market is the one that determines the price of the transactions, to be honest the prices do not seem that high to me but now that BIP 91 is active and we get segwit then we may also get the lightning network that is going to solve some of those issues.
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November 26, 2017, 10:00:00 AM
 #129

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Exactly, I fully agree with you, bitcoin is still working very well, its power has not changed, it is still the strongest coin. However, the only difficulty here is the transaction fee, compared to all other currencies, bitcoin is forcing a fee too high for each transaction, so it needs larger blocks to minimize it.
Bitcoin is totally working fine with extraordinary speed with more enhancements to be finished by time with the assistance of your proposals which we are looking forward and would strive to ensure that it doesn't get mistakes. Bitcoin has a low duty exchange on the general population contrasting with different monetary forms which will move toward becoming lower with the progression of time.
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November 26, 2017, 10:10:33 AM
 #130

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Bitcoin is working very fine if you consider it an asset. It is nothing that actually can bring so high return on your investments in a so short period of time.
But if you want to use Bitcoin as a method of payment, you will find many problems, like high fees and long confirmation time.

I'm a very crypto enthusiast and advocate, but I also like to be honest and to not hide problems...
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November 26, 2017, 10:18:12 AM
 #131

For now we can say that no change needed for bitcoin because it works fine your you and me. But ofcourse, there will be changes may occur in the future and how it also works in the public, this has to be enhanced or change accordingly. For example, bitcoin transaction fee to other ways of having it or transferring it give weighs to many so I think this has to be enhanced even more.

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November 26, 2017, 10:21:22 AM
 #132

Who are you to tell that it is working fine without any issues? The number of unconfirmed transactions have decreased along with the transaction fee, but it needs to be seen how long the situation will remain like that. But it is true that a lot of people are now using BCH and ETH for the transactions, and therefore the volumes have gone down a bit.

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November 26, 2017, 10:28:10 AM
 #133

bitcoin is working fine and very efficient, it works very well and maintains the spam, hackers hack the virtual bitcoin in the market
The current bitcoin is very good at the moment, it does not need to change or edit anything but it should change the new bitcoin on the transfer, it affects us a lot when dealing, bitcoin currently worth about $ 9000 1bit to the delay is very dark Cry Cry Cry
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November 26, 2017, 10:35:06 AM
 #134

I can't really say that bitcoin need more development or Reformation due to that fact that bitcoin is working perfectly well now, but if you say in the area of unconfirme transactions I can say yes we need new development because there are a lot of transactions that are unconfirmed presently, I think there is need to increase the blockchain size because the bitcoin that can be harsh by the present blockchain is low compared to the number of transactions in bitcoin at the moment and that also will solve the issue of high transactions fees.
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November 26, 2017, 10:51:20 AM
Last edit: November 26, 2017, 11:10:09 AM by sheenshane
 #135

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

As of now bitcoin was really in good enough, but sometimes we just accept if there's development on sytem. To make more faster their services to us as a users, no pending transactionsi every users, because bitcoin most trusted virtual money many establishment and company who accepted pay bills through bitcoin. By improving of blocksize they minimized the pending transaction.

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BTCeminjas
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November 26, 2017, 11:05:25 AM
 #136

Yeah its true by fixing the system of being delayed services or transactions many investors whos waiting a day before transact their transactions. But as of now bitcoin is in a good condition no pending transactions no negative feedback that's why many people trusted and attract in bitcoin.
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November 26, 2017, 11:13:26 AM
 #137

I agree with this .. for bitcoin grow naturally as it was when it started. There is no government intervention in many countries. This makes bitcoin more complicated and limited

Fasdartin
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November 26, 2017, 11:21:21 AM
 #138

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
Yes bitcoin is working fine but its need changes to become well develop. Because i believe if bitcoin change in transaction aspect it much more realible to all user of it and much more attract to many people if they know it works perfectly fine.
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November 26, 2017, 01:30:30 PM
 #139


Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.





Im happy that you are supporting the bitcoin wellness but what to do there are many people who want to earn big free cash through the forks and also developers want earn some extra bucks by raising the funs through the shit coin that they generate at different forks. This has become the era where ICO's are falling down but the forks are coming up as new way to earn money. This is also accepted by the normal investors like you and me but they don't realise they are actually making the bitcoin look bad. If they don't give much space to bitcoin to grow then it could lead to worst cases where bitcoin community might fall on its base and the alt coins rise starts! Thats bad really bad dream and can't even imagine my investment into bitcoin falling like that way. Hope that we gain the realisation of the reality for not having anymore bitcoin forks and they stop it and only make it happen when it is really really necessary.








zombie6
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November 29, 2017, 11:12:47 AM
 #140

Why? Transactions are very slow, this is exactly what you need to change, but without sacrificing the network's security at the same time!
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December 02, 2017, 01:37:45 PM
 #141

Change is done

https://youtu.be/6V365_59-Lc

Carpe diem  -  understand the White Paper and mine honest.
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December 02, 2017, 03:01:51 PM
 #142

I disagree, we all see how unstable btc is. As a minimum, we need some constraints to ensure the existence of more or less stability
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December 02, 2017, 03:12:46 PM
 #143

Bitcoin has proven, that it is works fine, even through times of different attack modes (FUD, spam, patenting, +, XT, RV, CW etc). I don't think we have a pressure to raise the blocksize or to force the mass adaption. We don't need no SegWit to make Bitcoin great again, because it is already. Give this baby time to grow, folks.

Does it work well? You are talking about slow transactions, higher transaction fees, and it will go even higher. What does that mean good? So ridiculous.

The fees will always get to an appropriate level that people are willing to pay. No one is going to shed a tear if you can't pay them. If the fees become unacceptably high for the general BTC userbase, then less transactions will be made and lower fee transactions will then be confirmed. This is how the free market determines an appropriate transaction fee. It is also how the free market shakes out weak players from using bitcoin (who will then be replaced by users who accept the conditions).
Yes bitcoin is working fine but its need changes to become well develop. Because i believe if bitcoin change in transaction aspect it much more realible to all user of it and much more attract to many people if they know it works perfectly fine.
Definitely right.Bitcoin may be considered a good one but somehow it really needs some developments to improve its services people need.If bitcoin turns into a more perfect and trusted coin,for sure there will be lot of people who will run into it to make it as an investment.
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December 02, 2017, 03:24:21 PM
 #144

All transactions of Bitcoin are very slow and this will make Bitcoin unable to pay in big stores. I think if Bitcoin does not improve that status soon, Bitcoin will be considered as an asset and will be treated as gold.

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December 04, 2017, 02:07:25 AM
 #145

All transactions of Bitcoin are very slow and this will make Bitcoin unable to pay in big stores. I think if Bitcoin does not improve that status soon, Bitcoin will be considered as an asset and will be treated as gold.

It might end up being both. I've always thought that data-registration -- everyone their own notary public -- would be Bitcoin's killer app. But remember that BTC and BTG are both designed to allow Bitcoin to speed up and minimize fees. There are other hard forks in the pipeline. They may be the currency form that Bitcoin takes.
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December 04, 2017, 02:14:08 AM
 #146

yes, I agree with you that today bitcoin is amazing, staying has to increase the volume and increase the spreading so bitcoin will survive as altcoin parent.

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January 16, 2018, 01:54:53 AM
 #147

I hope that the devs of bitcoin can provide a good idea for the high charges to all the bitcoin consumers today the transaction is become more expensive and slowly it takes a long time to recieve your payment i hope they can fix it if needed to broke the old bitcoin into for the sake of all its fine for me
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January 16, 2018, 02:04:46 AM
 #148

Bitcoin is great really really really great. Great things will followed by so many destroyers just to stop its greatness. Regardless of many attacks of the bitcoin destroyers still bitcoin survive every challenges. Even sometimes it affects bitcoin investors still bitcoin stand. This is a way of great some will try to stop, kill, steal, and the hard things is to destroy. Even the price of bitcoin is changing bitcoin still a bitcoin the first ever coin in crypto world. This is my opinion.
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January 26, 2018, 02:34:47 AM
 #149

Although Bitcoin has developed rapidly, it still has many loopholes and many changes need to be made. For example, how to allow more realistic enterprises to accept it, even if it is the biggest challenge and the consideration of blockchain.
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January 26, 2018, 02:46:59 AM
 #150

Bitcoin is now expanding worldwide, and it's also under development, there are many other areas that need improvement and it takes a lot of time, so we need to change some bitcoin operations.
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January 26, 2018, 02:52:27 AM
 #151

Careful, this type of resting on one's laurels will cause a real flippening.

Bitcoin definitely has issues that need addressing if it truly wants to be successful long term, and not just a speculation currency (which it largely still is)
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January 26, 2018, 03:14:22 AM
 #152

Bitcoin is a unique cryptocurrency. Its working and number of coins was fixed at the time of its introduction. Its autonomous and decentralized nature is restricting alterations in bitcoin currency. Bitcoin is getting used in many illegal activities, no one is there to control or regulate it. As a result many countries like China, Japan, Korea, USA, Canada, Indonesia, and Australia are banning/regulating bitcoin from their economy. If bitcoin community fails to take a note of this soon these countries will ban bitcoin completely. Similarly bitcoins functioning needs to be regulated because more and more transaction are remain pending.
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