Bitcoin is working fine! No change needed!

[Mike Mayor]

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.

[peter0425]

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.

[eann014]

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. 😊

[jaysabi]

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.

[NJB18]

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.

[ImHash]

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?

[AGD]

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?

[Potato Chips]

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.

[stompix]

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.

[Wintersoldier]

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.

[Shofiqul]

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.

[madcoinfarmer]

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!

[bozo333]

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.

[hv_]

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.

We are in a summer hole snapshot. All nice.

What father would say, all good kids, we have enough , stop working....

Winter is coming!!!

[Mpamaegbu]

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.

[Zadicar]

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.

[mackenzied]

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.

[CraigWrightBTC]

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.

[Hatcher]

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).

[eann014]

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.