Bitcoin seems outdated

[wonderchaff]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?
 BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

[EcoChavCrypto]

Then get the fuck off, we dont need people like you trying to spread fud over bitcoin, why dont you just buy bitcoin cash? maybe it can fix all your problems.

Bitcoin is slow , has high fees ...

Do you really think that bitcoin is a dead project? Waves is a dead project, i dont even know why are you mentioning them, because their devs are retarded as hell, they are always saying pure speculations but the price has not been increasing for more than three months.

When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead

We dont even know who was the real guy who created bitcoin, but do we really need to know it? It has been giving us a lot of things to us, and of course, money. There is nothing to complain about, then better to move to bitcoin cash, maybe it will help you A LOT!

development is dead

[wonderchaff]

Then get the fuck off, we dont need people like you trying to spread fud over bitcoin, why dont you just buy bitcoin cash? maybe it can fix all your problems.

Why are you so toxic ? It is normal question ... i use to pay with btc every day and now i can't cuz of high fees

[wonderchaff]

Do you really think that bitcoin is a dead project? Waves is a dead project, i dont even know why are you mentioning them, because their devs are retarded as hell, they are always saying pure speculations but the price has not been increasing for more than three months.

i didn't say "btc is dead project" ... i said it seems like is outdated ... Price ? look at theirs blockchains not price ...

[minersday]

You are saying that you use bitcoin to send regular payments, but then why dont you try to use another altcoin in order to make those micro payments?

You can send money with ethereum, it is the 2nd biggest altcoin that has been created, and you are always going to be paying $0,25 worth of eth for all the transactions that you make, doesnt matter how big they are, or how much are they worth.
I have been using eth for a long time to send those kind of payments who are less than $100, and i have never had any problems with this coin, and it has increased a lot during this year too.

[The Sceptical Chymist]

Outdated, maybe, but the market is making a very strong statement that bitcoin is still highly desirable.  As a currency?  Not really.  I've been saying that for quite a while.  The fees and confirmation times are ridiculous--I'd much rather spend doge or anything else.  As a speculative instrument it's pretty damn good, and it's got more of a community than any other coin.  But I wouldn't say it's past its prime by any means, and the market at present would agree with me.

I don't think this is FUD at all, just an opinion that may differ from the hardcore bitcoiners here.

[Reid]

Actually it is better.
Those fees are needed for miners to have that muscle to still do it. If not, then where would bitcoin go.
Think about it. If you have a lot of bitcoin since day 1 then you wont be saying this problems. Those fees are so low, you are just converting it too much to USD. Try not to do that.

[wonderchaff]

You are saying that you use bitcoin to send regular payments, but then why dont you try to use another altcoin in order to make those micro payments?

You can send money with ethereum, it is the 2nd biggest altcoin that has been created, and you are always going to be paying $0,25 worth of eth for all the transactions that you make, doesnt matter how big they are, or how much are they worth.
I have been using eth for a long time to send those kind of payments who are less than $100, and i have never had any problems with this coin, and it has increased a lot during this year too.

I know but here where i live are some restaurants and some shops that accept btc as payment but problem is they only accept btc not eth or ltc ....

[gentlemand]

There is a very simple explanation for this.

Hardly anyone uses any alt. Most alts are controlled by a small group of people or one person.

With those two factors they can change what they like any time pretty much as no one's going to oppose it and their blockchains are guaranteed to be empty.

Bitcoin is maxed out 24/7 and there are multiple factions fighting to control it. Bitcoin's job is to resist that control and only advance if enough people mutually agree. Being hard to change is a virtue though it may not look like that from the outside.

Development is absolutely not dead. There are thousands of people working away on different things.

[wonderchaff]

Outdated, maybe, but the market is making a very strong statement that bitcoin is still highly desirable.  As a currency?  Not really.  I've been saying that for quite a while.  The fees and confirmation times are ridiculous--I'd much rather spend doge or anything else.  As a speculative instrument it's pretty damn good, and it's got more of a community than any other coin.  But I wouldn't say it's past its prime by any means, and the market at present would agree with me.

I don't think this is FUD at all, just an opinion that may differ from the hardcore bitcoiners here.

that is what i am saying about

[harizen]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

High fees in terms of USD value because price is increasing. Remember that BTC0.005 satoshis today have different value to BTC0.005 in the past. When it comes to fees, Im looking at bitcoin value and not on bitcoin USD value so still Im fine with the current fees but honestly we need a changed. Forks are meant to development but no doubt bitcoin still has strong fundamental to support the stand to the crypto world. ETH or any other alts are being created to changed how we are used to be on bitcoin but still even how good their coins are, bitcoin still prevail.

High price always associated with high fees so whether we like it or not we just have to deal with. Much way better rather than going back to BTC0.0001 fees with $500 value of BTC1.

[jjacob]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

When you think of these issues and look at Bitcoi's market cap, do you think it is overvalued? It is not, because it is the network with the highest hashing capacity backing it and it has the most number of users.

[wonderchaff]

There is a very simple explanation for this.

Hardly anyone uses any alt. Most alts are controlled by a small group of people or one person.

With those two factors they can change what they like any time pretty much as no one's going to oppose it and their blockchains are guaranteed to be empty.

Bitcoin is maxed out 24/7 and there are multiple factions fighting to control it. Bitcoin's job is to resist that control and only advance if enough people mutually agree. Being hard to change is a virtue though it may not look like that from the outside.

Development is absolutely not dead. There are thousands of people working away on different things.

i didn't mean like development is completely  "dead" but in compare with other alts (i mean theirs blockchains) seams so old . I hope you know what i mean ...

[wonderchaff]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

When you think of these issues and look at Bitcoi's market cap, do you think it is overvalued? It is not, because it is the network with the highest hashing capacity backing it and it has the most number of users.

Did i say is overvalued ?

[gentlemand]

i didn't mean like development is completely  "dead" but in compare with other alts (i mean theirs blockchains) seams so old . I hope you know what i mean ...

I do.

It looks slow because it needs to be slow. Slow is safe. Slow is sensible.

Millions of people have their money invested in it.

Compare that to other coins. There might only be a few thousand users who all agree with the decisions of the developer. Changing a coin like that is much easier and faster.


It's like Pagani changing a component design on their cars compared to Ford. They only make 20-30 cars a year and the parts are hand made. They can call the individual customers and tell them.

If Ford want to change a component they have to spend millions on new tools, development and design and inform millions of customers if the component needs to go on their old cars too.

[wonderchaff]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

High fees in terms of USD value because price is increasing. Remember that BTC0.005 satoshis today have different value to BTC0.005 in the past. When it comes to fees, Im looking at bitcoin value and not on bitcoin USD value so still Im fine with the current fees but honestly we need a changed. Forks are meant to development but no doubt bitcoin still has strong fundamental to support the stand to the crypto world. ETH or any other alts are being created to changed how we are used to be on bitcoin but still even how good their coins are, bitcoin still prevail.

High price always associated with high fees so whether we like it or not we just have to deal with. Much way better rather than going back to BTC0.0001 fees with $500 value of BTC1.

I realize that 0.005 satoshi had different value in past but I think BTC with increasing value need some at least small adaptation with real world . Don't you think ?

[Razick]

Compared to other cryptocurrencies, Bitcoin does not any longer have all of the technological advantages. There are coins like Monero with far superior stealth technology and I don't think Bitcoin will be able to match it for a long time. With that said, Bitcoin is still the king.

[wonderchaff]

Bitcoin is still the king.

That's true . And i believe btc will be still but try to imagine btc with all of these futures . Wouldn't be it great ?

[uszaty43]

It is outdated, but there is a good reason to see it happening, and maybe if bitcoin would not be outdated there would not be millions of versions of "bitcoin" on the market.

Just look at ethereum, it is much more newer than bitcoin, and it is the 2nd on the market. it is the most biggest altcoin after bitcoin. It is one of my favourites too.

But bitcoin is like gold, maybe it is very old, but will always be like gold, because it has the reputation that it had since more than years, and it will never change because people loves bitcoin, and of course that it is the best source and the most famous crypto that the market has.

[eaLiTy]

One thing you cannot ignore is that bitcoin as a currency which we all boasted in the beginning with no transaction charges is not applicable anymore ,as a bitcoiner who fell in love with the technology before going mainstream we have to address these issues and it is high time we find a solution for these problems ,bitcoin at present is a good speculative coin which can be used in exchanges or for long term holding and not as a currency which i once thought to be.

[FasTroy]

Bitcoin is still the king.

That's true . And i believe btc will be still but try to imagine btc with all of these futures . Wouldn't be it great ?

Bitcoin will be the king at least in 10 upcoming years, I don't believe that there is any coin for now will beat bitcoin nearly, so the best option now is investing in bitcoin, and if the OP really hate the bitcoin, he should go for bitcoin cash, It's a good option for him.

[gentlemand]

Bitcoin will be the king at least in 10 upcoming years, I don't believe that there is any coin for now will beat bitcoin nearly, so the best option now is investing in bitcoin, and if the OP really hate the bitcoin, he should go for bitcoin cash, It's a good option for him.

I think it's perfectly understandable for a relative newcomer to wonder about these things.

[949miner]

Why do you think that it is slow at the moment? There is only one answer to reply to your thread. Bitcoin is now slower than before because it is being under attack from the bcash network, there is nothing more to say.

When it went up to $2800 and bitcoin dropped to $5200, the network fees were about $24 for each transaction, everybody was complaining in here because of that.

And now you are complaining because you need to pay $5 for a single transaction?

Yes, if you want lower fees then better to move out to bitcoin classic, fees are lower than $0,15 and they can get confirmed in just seconds

[Kaller]

Bitcoin seems outdated because you are American. I don't even have to ask. You want instant gratification and do not care able everything that is involved with making consensus happen on a universally immutable ledger that benefits everyone. You want your coffee, with your low fees. You probably love alts too. Get outta here with your impatience, and find balance in your life. The world still doesn't even know about BTC yet...

[wonderchaff]

Why do you think that it is slow at the moment? There is only one answer to reply to your thread. Bitcoin is now slower than before because it is being under attack from the bcash network, there is nothing more to say.

When it went up to $2800 and bitcoin dropped to $5200, the network fees were about $24 for each transaction, everybody was complaining in here because of that.

And now you are complaining because you need to pay $5 for a single transaction?

Yes, if you want lower fees then better to move out to bitcoin classic, fees are lower than $0,15 and they can get confirmed in just seconds

when everyone talking about world adaptation of btc do you think 5usd for every tx is good choice ? Screw every alt ... I think when we want world adaptation of btc and beat bankers we need lower fees . Just my opinion ...

[wonderchaff]

Bitcoin seems outdated because you are American. I don't even have to ask. You want instant gratification and do not care able everything that is involved with making consensus happen on a universally immutable ledger that benefits everyone. You want your coffee, with your low fees. You probably love alts too. Get outta here with your impatience, and find balance in your life. The world still doesn't even know about BTC yet...

Yea so i am American nice Sherlock how did you find it out ? cuz i am talking about usd ? i am from EU ...

[hiVe]

I dont know too. Why did they stop Segwit2x? I think that they wanna pump altcoins

[audrey12]

Yeah I agree bitcoin is somewhat outdated but it does not affect any of the value appreciation for bitcoin in fact it appreciate even more higher through the years. Developers don't focus on upgrading bitcoin I think they are more concern on how bitcoin will sustain the increasing demand to stay active and alive in the crypto market.

[coinycoiny]

So today i learnt FUD=anything negative about btc even if its true.

[khaled0111]

Honestly,  for someone using Bitcoin for daily expenses and normal purchases it is becoming impractical due to high fees and the long time a transaction can take to get confirmed.
On the other hand, holders and investors are satisfied with the increase of bitcoin value.

I think there will be a fork in the near future that will fix this issues otherwise people will no longer use bitcoin as a payment method.

[Bitmora]

The technology is not dated, however the currency itself was not planned well enough. We're at the limits and it's what causes the expensive and long TX times.

[uslfd]

what you're saying is partially true. of course i do believe technology improves and btc core has to keep up with latest technology hence there's this thing called lightning network for example which could potentially solve these issues.

btc has to keep improving itself indeed to stay relevant and we have to support btc as well

[Domenc]

No, if you think like this there are updates in the system every time needed making it up to date. I know the main issue which creates difficulty for new user it its transaction fees. But if you compare this transaction fees with other service provider for global usage than you will definitely love Bitcoin more. according to me Bitcoin has more capability across the global users than local users as for them transaction fees can be an issue to deal with.

[DARKANGEL6415]

You are saying that you use bitcoin to send regular payments, but then why dont you try to use another altcoin in order to make those micro payments?

You can send money with ethereum, it is the 2nd biggest altcoin that has been created, and you are always going to be paying $0,25 worth of eth for all the transactions that you make, doesnt matter how big they are, or how much are they worth.
I have been using eth for a long time to send those kind of payments who are less than $100, and i have never had any problems with this coin, and it has increased a lot during this year too.

Lol priceless, maybe he just wanted to say he is no longer happy with bitcoin.  Now i do agree they need to work on getting fees lowered and of course find a way to speed up transactions WITHOUT the need of a hard fork coin trying to take over or cause chaos for bitcoin.

[xBitHodler]

Bitcoin may seem outdated but you have take into account that Bitcoin was the first cryptocurrency and still many people use it. It is difficult to upgrade something in the way which would be accepted by everyone. Bitcoin is the base of all cryptocurrencies. If it failed, there would be a lot of mess in crypto-world. We can't let it happen.

[Rahar02]

Do you really think that bitcoin is a dead project? Waves is a dead project, i dont even know why are you mentioning them, because their devs are retarded as hell, they are always saying pure speculations but the price has not been increasing for more than three months.

i didn't say "btc is dead project" ... i said it seems like is outdated ... Price ? look at theirs blockchains not price ...

You're right about it, the latest upgrade of bitcoin is segwit inplementation but most exchanges and wallet developers don't apply it yet.
Nobody want to pay high fees and still have to wait for a long time to get it confirmed.
Look at current mempool, seems flooded with too much transactions, blockchain can't afford all of it, maybe due to hashrate switch to bcash or another reason. So, in this case, just waiting for bitcoin get an upgrade again, or using an altcoins to transact.

[kodtycoon]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

For me it is not a big problem, by paying more expensive fees we can transact quickly. Yes, bitcoin is outdated when compared to new alts, but bitcoin will still have a lot of interest and I guess bitcoin will not die and not be abandoned by its users. With a hard fork and then appears BCH, BTG, BCD. I think the future bitcoin will be upgraded also to still be able to compete with other new altcoins.

[GreenBits]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

Amen! we dont have a ton of innovation as of late, at least in the way it seems when I first joined the board. perhaps everything was all new then. but we spent the time forking all over the place, instead of advancing forward with developing the protocol. eth clearly seems superior to bitcoin at this point, and I hate to say that. didnt ltc get segwit hella early? and with all our capitalization, the politics of bitcoin is what is stopping up. despite the superior interest in eth, bitcoin is still the more developed sphere, hanging on by a thread. we are going to get out capped and out adopted unless we make some bold advancements, and soon.

[MakeMoneyBtc]

Bitcoin is slow because it has to be. It cannot go up unstoppable because then the price would go to 1 million. I think that in close future there is going to be a crash in the price because it went up to much and that is not always good.

It is not that easy to update bitcoin. You need a team that have knowledge about these days technology and also that team has to be paid. I dont think the original creators of bitcoin would implicate anymore in bitcoin or maybe they will do but not public.

So bitcoin needs someone to update it. Who do you think is going to spend hundreds of hours of work to create updates for it and all for free?

[w5pn73]

Bitcoin will be the king at least in 10 upcoming years, I don't believe that there is any coin for now will beat bitcoin nearly, so the best option now is investing in bitcoin, and if the OP really hate the bitcoin, he should go for bitcoin cash, It's a good option for him.

I think it's perfectly understandable for a relative newcomer to wonder about these things.

I agree with this, with all the technology you see present at altcoins it's kind of logical to think about this.

[hieubigkool]

I do not think it's outdated
At present it is increasing value, reaching a record number
But its trading today is quite high, which is also its drawback.

[Bardman]

It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.

[AmXProX]

Bitcoin is slow , has high fees ... ?

Reason why people are saying that bitcoin has a high fee is because you are converting it to your fiat currency. Try looking at the transaction fee as satoshi and it is still the same. $10 in transaction fees before will surely increase today because the price of the coin already increased but nothing is wrong with that. Transaction fees are being computed on how the coin was created but not on how it is converted into fiat.

It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.

You are contradicting your statement how will it be overvalued if you want it to be a currency. For bitcoin to be used as a currency you should be able to use it to do purchases same as fiat and for it to do that bitcoin should have an enormous price millions of dollar per piece. When do you want the price to increase when people are already using it as a currency? That is impossible because bitcoin can't be introduced in an instant with a high price.

[ToTheMoon$]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

Outdated ? Lol.  looks like you'r new in crypto world bro.

[mrcash02]

It seems outdated, but it's still ruling the Crypto-Currency world... (And it's almost hiting $9000).
You can think it's outdated, but the reality shows the opposite in numbers. People are complaining all day long about Bitcoin and trying to promote their favorite Crypto-Currencies, but most investors still prefer Bitcoin.

[hatshepsut93]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

Is anyone seriously using altcoins? Did you ever see "Waves accepted here" sign? Have you seen any successful use for tokens, smart contracts and whatever other stuff they claim to have in their whitepapers? Because so far the most successful use for altcoins was ICO scam and pump and dump schemes - no one actually accepts them as money, unlike Bitcoin. And Bitcoin wouldn't reach current price if developers were introducing buggy, half working and highly experimental code - because when it comes to money and assets, people want stability first - no one wants to lose their value due to bugs, hacks and failures of developers, as well as outright scams.

[Indrawan77]

I will agree if tou say outdated, and there are many flaws in bitcoin, but that  is acceptable for me, and the market is still dominated by bitcoin and the fame of bitcoin still very big, if you are talking about using the fork coin then I completely disagree with you, for me those "upgraded" coin like bch, btg, bcd is a joke for me, the coin is not better than bitcoin

[Argoo]

I also think that bitkoyn now looks obsolete, it is not updated and has not been improving for a long time and this is an indisputable fact. Because of this, almost every month there are his clones with advertised improvements, which have long been to be in the original bitcoin. It seems that someone is profitable this situation.

[Lingqingyi]

Although there are many counterfeit currency in technology seems to be more than the COINS, but can not be ignored is that all countries only recognise the value of the currency, and these fake money, any country can easily go beyond him.

[jakezyrus]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

well that really depends, bitcoin is not slow if you put sufficient amount fees for the transaction and infact it can go verry fast and instant , if you put a verry high fee or above the recomended transaction fee. upgrades occur when theres a fork or segwit available and i dont think that it is outdated because we oftenly see them every month and sometimes twice a month.

[zenrol28]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

How about stability? Is there any altcoin that can surpass bitcoin's stability? I think the devs are taking it slowly but surely. Yes, altcoins can give you more advantage than using bitcoin atm. Why? Because they need to be ahead than bitcoin. But still in spite of being ahead to bitcoin, they still can't overthrown it. Because of a strong foundation the creator of bitcoin made.

[Xabad]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

These things was already already accepted by bitcoin users. Bitcoin will always be bitcoin and no other coin can go beyond it. People who are getting into crypto currency are investing because of bitcoin they know that investing is already a gamble why would they invest to a less reliable coin?

[wonderchaff]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

Outdated ? Lol.  looks like you'r new in crypto world bro.

can you read ? i said against other alts and theirs blockchains technology ...

[wonderchaff]

I will agree if tou say outdated, and there are many flaws in bitcoin, but that  is acceptable for me, and the market is still dominated by bitcoin and the fame of bitcoin still very big, if you are talking about using the fork coin then I completely disagree with you, for me those "upgraded" coin like bch, btg, bcd is a joke for me, the coin is not better than bitcoin

I am not talking about using alts ! I am talking about theirs blockchain technology ... for me is btc king of crypto but i am trying to say that we need some upgrade of king cuz for small transactions is not good to use ... Just image btc with all the new technology it would be awesome . I don't defame bitcoin ! Whole my portfolio consist of 90% btc and 10% eth .... So if someone will trying to tell me that i am for alts and scold on bitcoin just read the fucking whole discussion !!!!

[tikaka]

I do not think so. Bitcoin has existed for a long time but it has not been forgotten. Value continues to increase. Many people are trying to get it. Many traditional payment methods have been replaced by bitcoin payments quite interesting.

[soljal543]

Bitcoin surpass altcoins. It has proved itself in price increasement even though there was no fork

[athanz88]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?
 BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Slow is kinda relative word, and so are high too. I dont know about you guys, but fees is important for the miner. You want a system that is fast and cheap? Go build your own and see how much money you spend on to make the system. For me, as long as the fees is acceptable, im happy and content with it.
Maybe because bitcoin is always at the top, so the development always got delayed, because they are already comfortable with the system, and i agree with you that bitcoin needs an improvement, but we need to keep in mind that People didnt build Rome in 1 day, so we need to be patience. I believe it will be updated soon than we think.

 

[jseverson]

It could be considered as such. It's pretty much common knowledge that on purely technological terms, some altcoins are far ahead.

Altcoins have to be far ahead though, otherwise people won't even look at them. You also have to consider the fact that Bitcoin is the oldest cryptocurrency. Every other coin is based off of it, and it's only natural people would want to seek improvements if they want to offshoot someone else's work. But yeah, the community is always looking for ways to implement improvements while making sure Bitcoin remains Bitcoin. I'm sure things will get better as we go.

[BrewMaster]

When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts.

you are comparing bitcoin with these alts on an uneven ground.

on one hand you have bitcoin, a payment system that has been working fine without any downtime, any fraud like 51% attacks, wipe outs, bugs in the code, in the main/official wallets, protocol,... and this system has been handing a HUGE amount of money in lots of transactions every day without a single issue, except non-issues such as higher fees.

one the other hand you have altcoins which aren't really being used. have empty blocks and had lots of embarrassing moments. exploits in the protocol, easy 51% attacks and wipe outs, serious bugs even security related, and lots more.
for instance if you start using ethereum and want to sync with the network, you can NOT. you have to use a web wallet these days or a non-full mode. and there has already been multiple exploits and hacks and even failure!

[Bardman]

Bitcoin is slow , has high fees ... ?

Reason why people are saying that bitcoin has a high fee is because you are converting it to your fiat currency. Try looking at the transaction fee as satoshi and it is still the same. $10 in transaction fees before will surely increase today because the price of the coin already increased but nothing is wrong with that. Transaction fees are being computed on how the coin was created but not on how it is converted into fiat.

It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.

You are contradicting your statement how will it be overvalued if you want it to be a currency. For bitcoin to be used as a currency you should be able to use it to do purchases same as fiat and for it to do that bitcoin should have an enormous price millions of dollar per piece. When do you want the price to increase when people are already using it as a currency? That is impossible because bitcoin can't be introduced in an instant with a high price.

No it doesn't need to have a ''high price'' because price shouldn't be determined by dollars. If you buy something with euros, a coffee, for example, you don't care how much the eur/dollar ratio is, you care how much the coffee costs in euros. It should be the same with bitcoin. Since bitcoin is divisible, it doesn't matter that the total cap is low. That's the only way for cryptos to be used as real currencies, only when the price of it doesn't matter, only when people actually care about the cryptocurrency itself rather than the price.

[a.denis1]

Because who win in IT is not the "best" , it is not the most powerful it is not the most full of features ...
Who win is the SIMPLEST the minimum required to work that was bitcoin .

Do you want to build a new coin ? Build a simple coin with only one function send-coin indestructible if possible in 1000 lines of programming code everything else don't care.

 

[filharvey]

Just because bitcoin already has its unique features and does not need any upgrade.Bitcoin is a decentralized currency and it does not has any authorizing body to control it.It was the design created by satoshi.It is not just like an altcoin having a small marketcap which is mostly controlled by devs and they could easily change anything as they wish and there is no need for reaching concensus.Just change rule even daily.But bitcoin is not like that.For any change in rule,concensus has to be achieved.

[littlewizard]

The reason bitcoin has its current position is because it is the first, and all the other coins are its followers.
We can say it is slow now, but it is the most safe and also the most adopted cryptocurrency.
Don't worry about the slowness, people are still working on it and in the future it will be lightening fast.

[katiecbell]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

well that really depends, bitcoin is not slow if you put sufficient amount fees for the transaction and infact it can go verry fast and instant , if you put a verry high fee or above the recomended transaction fee. upgrades occur when theres a fork or segwit available and i dont think that it is outdated because we oftenly see them every month and sometimes twice a month.

The real problem is that many people make transactions in Bitcoin due to which it becomes difficult for miners to tackle with all of them at one time. Obviously this is impossible to transfer every Bitcoin at the same time. When there is a traffic increase, those transactions that pay extra fee are served first.

This also makes sense. If Bitcoin was outdated, it wouldn't have been making the present progress. By the way, I heard that transactions have been improved over the last few months.

[jabfly]

First of all, this is already an anticipated reaction because bitcoin is the first cryptocurrency. But, it is never outdated, it just keeps getting stronger and always in demand within its community.

[Bardman]

The reason bitcoin has its current position is because it is the first, and all the other coins are its followers.
We can say it is slow now, but it is the most safe and also the most adopted cryptocurrency.
Don't worry about the slowness, people are still working on it and in the future it will be lightening fast.

It will be the least adopted soon enough. No one wants to make transactions with bitcoins right now, fees are way too high, price way too volatile and technology outdated compared to other coins. It's only where it is because 99% of ''investors'' in bitcoin are only looking to get rich fast.

[frowsiter]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

 BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Oh come one man that was just temporary period when the transaction were very slow. This kind of slowness will come multiple times in the future because whenever shit coins like BCH will interfere with the blockchain invested, which is not good approach anyway.

development is dead

No it isn't dead yet, there are so many developments already gong on thats why big entities like futures are now ready to accept the bitcoin in first place. Once such companies starts coming into the market of crypto then bigger developments will take place surely.

faster blockchain or something like that ?

There is no such thing which is faster than the blockchain. Even the swift technology which is similar to blockchain and used in the traditional banking system are having the problems of faster transaction. The load on the blockchain is enormous and still it is faster. More developments soon as I said in second point.

 

BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

LOLZ!

[qiwoman2]

Bitcoin is the DAD of all blockchains and thanks to BTC, blockchain technology has mushroomed and been unleashed now. Yes there will be other blockchain platforms easier to scale, cheaper to make transactions etc but now Bitcoin is primarily a store of value for the Wealthy and big whales and a dream for smaller holders like myself to aspire to.

[Bardman]

Bitcoin is slow , has high fees ... ? where are new upgrades ? When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts. When you look at all this upgrades and look at bitcoin so it seems like development is dead ... can someone explain me why btc can't have some new upgrades for faster blockchain or something like that ?

 BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

Oh come one man that was just temporary period when the transaction were very slow. This kind of slowness will come multiple times in the future because whenever shit coins like BCH will interfere with the blockchain invested, which is not good approach anyway.

development is dead

No it isn't dead yet, there are so many developments already gong on thats why big entities like futures are now ready to accept the bitcoin in first place. Once such companies starts coming into the market of crypto then bigger developments will take place surely.

faster blockchain or something like that ?

There is no such thing which is faster than the blockchain. Even the swift technology which is similar to blockchain and used in the traditional banking system are having the problems of faster transaction. The load on the blockchain is enormous and still it is faster. More developments soon as I said in second point.

 

BEFORE YOU POST SOMETHING READ THE WHOLE DISCUSSION AND DON'T POST USELESS POSTS !

LOLZ!

Come on, bitcoin is much much slower than many coins and with far higher fees. Bitcoin is just not well suited as a means of payment which is what it is intended for. Bitcoin replacing gold could work but not as a currency. Obviously many other coins have different purposes, not all of them are competing against each other but I personally think if a real team of professionals wanted to make a crypto better than bitcoin, they could right now.