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CryptoBry (OP)
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December 12, 2017, 02:12:13 AM |
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The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.
People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.
Do you feel like discouraged about Bitcoin with this latest debacle?
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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ichwifhfz
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December 12, 2017, 02:17:31 AM |
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On the contrary, I'm proud of Bitcoin's upbeat boarding of the Chicago Board of Trade, which I think would be even better if the blockchain problem could be completely solved.
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mk4
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December 12, 2017, 02:23:27 AM |
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Am I disappointed? Very. I probably sound like a broken record already, but bitcoin is really just crippled right now. Pretty much the only thing that bitcoin is alive right now is just because it's the #1 cryptocurrency and it's the cryptocurrency that gets all the media attention. If bitcoin was a top >10 coin I think bitcoin would be dead already. Sure, lightning network is coming. This will be a huge step especially for merchants to accept BTC, but I don't think this will be enough. Only time will tell, and I'm still definitely hoping for the best.
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MD Milon
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December 13, 2017, 05:23:17 AM |
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I am not think so.also I am not agree this.its encourage us.its popularity increase day by day.its value are so high.now people are so much with it.
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vinz7229
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December 14, 2017, 04:52:39 AM |
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On the contrary, I'm proud of Bitcoin's upbeat boarding of the Chicago Board of Trade, which I think would be even better if the blockchain problem could be completely solved.
yeah blockchain problem is a bit discouraged about bitcoin. because if theirs a lot of people putting a huge amount of bitcoin in blockchain there is a tendency that's system would crash or it work so slow. another thing is that bitcoin don't have stable price so if you have a lot of bitcoin i suggest use a right wallet were in even though bitcoin price would fall down it would not affect the volume of your bitcoin, unlike other wallet your profit would depend on how high or low each bitcoin price. so that's are the things that bitcoin would discouraged in the long run. |
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Aya1
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December 14, 2017, 05:06:47 AM |
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People are encouraged to be careful of Bitcoin and other virtual currency. Any risk associated with the ownership or use of Bitcoin is borne solely by the owner or user of Bitcoin and virtual currency ...
If the bitcoin price and the cost of the hatus out at the time of the transaction, it must be followed, because it all depends on the price of bitcoin itself, so, I think it's a fair matter, and I'm not discouraged
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imstillthebest
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December 14, 2017, 05:13:05 AM |
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no im not Discouraged with Bitcoin in fact im always thankful to bitcoin because bitcoin gave me an oppurtunity to earn a profit because im investing on it. bitcoin has helped majority of people and for sure most of those people are dont have any problems or anger about bitcoin. i believe can be improved and fixed soon because bitcoin can do amazing things and totally improved the society of economy and it can also add an innovation to the country because of its state of the art blockchain technology.
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Junypn
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December 14, 2017, 05:14:04 AM |
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I believe in bitcoins technology and i also believe it will find a way to scale and return to the good old days of cheap and fast transactions. Itll just take some time.
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jseverson
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December 14, 2017, 05:23:08 AM |
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Do you feel like discouraged about Bitcoin with this latest debacle?
Not really. I have always known about the problem, and I'm sure many others have as well. It has always been a growing concern, it's just that we're only experiencing the actual problem now (Bitcoin Cash attack doesn't count because it was artificial), which is sooner than we probably expected. I don't even think that we're too slow to solve the problem. It's not easy coming up with solutions that would work for the majority. It's just that Bitcoin has grown so much the past few months, that the development is unable to keep up. I would still preach patience here, and even though there's nothing more I would like than mass adoption, I hope Bitcoin futures will be the last mainstream "window" for a while. Bitcoin can't handle it, and it risks ruining its reputation. |
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gurunanakji777
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December 14, 2017, 10:46:42 AM |
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I trust in bitcoin but I am little bit discouraged for bitcoin transaction time that is nowadays sometime take long time and high transaction fees. As we all say bitcoin is easy to transfer across the world but sometime when we do transaction of bitcoin price were high when the transaction clears price sometimes drop so that loss sometimes discourage. So I want they should fix it up and make sure transaction took less time.
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Catmony
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December 14, 2017, 11:10:53 AM |
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Bitcoin is no more useful to make micro transactions but for larger transactions bitcoin payments is way cheaper and secure than usual centralized payment methods.
Its better to not make micro payments right now with bitcoin, when lightening network will be enabled it will be possible to make micro payments through off chain transactions.
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cipher-x_09
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December 14, 2017, 11:14:13 AM |
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The fees I am discouraged but bitcoin overall I am not necessarily discouraged in bitcoin, because investing on it still has it's benefit and advantages. Because it still offers it's unique features. Although I agree with you with the high transaction fee and if not found solutiom as early as possible it could definitely kill bitcoin.
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bug.lady
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December 14, 2017, 11:14:40 AM |
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Do you feel like discouraged about Bitcoin with this latest debacle?
Not really. I have always known about the problem, and I'm sure many others have as well. It has always been a growing concern, it's just that we're only experiencing the actual problem now (Bitcoin Cash attack doesn't count because it was artificial), which is sooner than we probably expected. I don't even think that we're too slow to solve the problem. It's not easy coming up with solutions that would work for the majority. It's just that Bitcoin has grown so much the past few months, that the development is unable to keep up. I would still preach patience here, and even though there's nothing more I would like than mass adoption, I hope Bitcoin futures will be the last mainstream "window" for a while. Bitcoin can't handle it, and it risks ruining its reputation. Maybe you and a few others knew about the problem but it is the real thing that may discourage newcomers (i.e. pople who have just heard about bitcoin). For sure "having just heard about bitcoin" implies "having just heard that it is wildly congested at the moment" too, wouldn'y you agree? And what OP is afraid of (and I am afraid of it too) is that the thing may gradually discourage newcomers and eventually kill bitcoin. |
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fabioganga
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December 14, 2017, 11:16:19 AM |
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I'm not at all disappointed in it and I am a firm believer that it will get better and be adopted more and more globally. Bitcoin will also improve its code and protocol... I have no doubt. I, for one, see a bright future ahead.
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Proton2233
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December 14, 2017, 11:21:09 AM |
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Maybe it's a cunning plan? I'm certainly not a supporter of conspiracy theories but it seems to me that someone really wants to the whole capital of the bitcoins stored in a bitcoin cash for example. At some point we can become this witness but nothing can not do. I don't see any other explanation for the fact that the developers are not in a hurry to solve the problem of transactions.
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bitllionaire
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December 14, 2017, 11:29:19 AM |
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no im not Discouraged with Bitcoin in fact im always thankful to bitcoin because bitcoin gave me an oppurtunity to earn a profit because im investing on it. bitcoin has helped majority of people and for sure most of those people are dont have any problems or anger about bitcoin. i believe can be improved and fixed soon because bitcoin can do amazing things and totally improved the society of economy and it can also add an innovation to the country because of its state of the art blockchain technology.
Bitcoin is even giving courage and hope to those people who do not have any day job and the were hopeless, now they are hopeful that they can also lead a standard life. In present time even those people who do not have any day job still they can get a decent amount of money from bitcoin. Now they can also fulfill their needs needs with the help of bitcoin. I am sure that bitcoin will continue giving them profit and will even give them life support. I am also getting good support from bitcoin, as bitcoin give me some extra income from which i am fulfill my own as well as my family needs and wishes. |
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plpatel
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December 14, 2017, 11:37:11 AM |
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Discouraging with Bitcoin would be like, not satisfied with the current Bitcoin progress or even disagreeing with its future potential. People who had invest in Bitcoin a decade ago had the belief in it and thats why they had invested in Bitcoin.
However, the sudden spike in the Bitcoin price has not only amazed masses of population but also raised doubts about its price stability. Therefore investor who is wants to invest in Bitcoin at current price is in doubt and not discouraged, whether his investment would give better ROI at current price?
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Digitalbitcoin
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December 14, 2017, 11:43:30 AM |
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Not actually.
Even its just beginning of new era of economics and finance which blockchain and bitcoin gives to world. Still there are few things which have to take serious as what is fees increased due to high traffic and higher difficulties. In future definitely there will be solution for it.
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bitbunnny
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December 14, 2017, 11:44:58 AM |
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Just the opposite, I'm convinced more than ever that dealing with Bitcoin is right decision.
Problem is because some people had expectations that Bitcoin will become mainstream, which is an illusion, or they expected much biger personal gain they failed to succeeded and they are discouraged. Easy money was motivation for many and when this failed they started to blaim Bitcoin.Every such users should ask himself why he started using Bitcoin at first place.
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dlhezter
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December 14, 2017, 11:49:44 AM |
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yeah, already got a little bit discourage because of that things happen about the high cost fees, but we dont have a right change that majority things about that concerning us to make low the cost of fees, maybe some other exchage sites are want to gain more profits from that, but we all dont know the reason, or maybe exchange site made a cost of high fee because of they cant afford to paid the high fee in the blockchain and we (clients) will suffer that fees to be paid of.
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