Bitcoin Forum
May 22, 2024, 02:17:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin in the future.  (Read 127 times)
kjnfmplm (OP)
Jr. Member
*
Offline Offline

Activity: 364
Merit: 6


View Profile WWW
January 27, 2018, 01:57:48 PM
 #1

So, bitcoin is getting popular as day passes by. Many people are getting involved and investing their money to bitcoin. But, do you think time will come that ALL people are using bitcoin as payment or do you think that bitcoin will not last longer to see that?
ikicha
Full Member
***
Offline Offline

Activity: 788
Merit: 100



View Profile
January 27, 2018, 02:21:19 PM
 #2

future cryptocurrency will be very good and have a great chance in changing the future of life. but for bitcoin, I think the future will not be used for payment method, because Delay of transaction
-Blocktime 30 min
-Blocksize only 1MB

Maybe, altcoin will be using for payment method
BrewMaster
Legendary
*
Offline Offline

Activity: 2114
Merit: 1292


There is trouble abrewing


View Profile
January 27, 2018, 02:51:18 PM
 #3

-Blocktime 30 min
-Blocksize only 1MB

bitcoin block time is 10 minutes on average (where did  you get 30 min from?)
and there no longer is anything called block size. it is not block weight which is 4 MB

and any other cryptocurrency based on blockchain technology which wants to stay decentralized needs to have a limited block size. with 1 sec blocks with no size limit, you will end up needing a super server(s) instead of simple computers run by individuals as nodes. and that is required for a decentralized currency.

There is a FOMO brewing...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!