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Author Topic: Bitcoin is working fine! No change needed!  (Read 4661 times)
AGD (OP)
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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

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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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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

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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.








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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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