Bitcoin seems outdated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 When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts.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 ?
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[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When you look waves , eth , ltc , bitshares so bitcoin seems outdated against all these alts.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 i said it seems like is outdated ...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.