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Author Topic: Bitcoin is working fine! No change needed!  (Read 4622 times)
LodisMcguire
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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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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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