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Author Topic: Request to all Bitcoin holders  (Read 416 times)
caloriecoin (OP)
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February 11, 2018, 11:09:54 AM
 #1

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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StefanPLU
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February 11, 2018, 11:12:22 AM
 #2

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

Bitcoin did great in the last couple of years, that it went down from a bubble of over 15k is what some people where predicting for a while,
but still your right, to keep the value at this stage or raise it again will need innovation.

cunese
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February 11, 2018, 11:27:01 AM
 #3

Your expectations of bitcoin are too high, and your goal may take years to reach, but in 2018, the price of bitcoins is likely to reach 50k.

zais
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February 11, 2018, 11:45:35 AM
 #4

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

The problem in Bitcoin is uneven ownership. It is worth noting that most of the outstanding Bitcoin portions are currently immobile, owned by early adopters including Satoshi Nakamoto himself who allegedly has more than a million XBT. When they decide to drain the coin to the market, that's where the problem will begin to emerge. Supply will flood the market, while demand may not have formed that much. Bitcoin's price drops, and all Bitcoin holders will try to cut loss and exit the market
pooya87
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February 11, 2018, 11:51:35 AM
Merited by buwaytress (1)
 #5

you seem to have been asleep in the past couple of months Cheesy
so here are some links, get busy reading:
https://lightning.network/
https://en.wikipedia.org/wiki/Lightning_Network
and here is the LN network at the moment: https://lnmainnet.gaben.win/ (633 nodes, 1778 Channels, ~6 BTC capacity)

i will not increase the transaction rate by 10 times, it will make it nearly limitless.

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hatshepsut93
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February 11, 2018, 11:53:39 AM
 #6

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

First, it's not true that "anything which does not evolve can not survive for long" - can get replaced by better solution, but if there's nothing that is objectively better, then there's no reason for a product to die. In our case, there's no immediate threat that some altcoin will replace Bitcoin, because none of them is more advanced than Bitcoin - they only claim to be so to drain money from investors.

Next, it's also not true that Bitcoin is stagnant - in fact it has more developer activity than any other coin, and there are many awesome solutions under development now that will boost scalability, privacy and expand Bitcoin's functionality. So, instead of creating alarmist posts, you should really spend more time doing research.

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khufuking
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February 11, 2018, 12:07:37 PM
 #7

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.
Who said the the development of Bitcoin is stopped !! What about lighting network , Did  you hear about it ? . It is under testing right now and when lighting network become  ready it will be game changing for Bitcoin . I think lighting network alone can easily take Bitcoin to 100k+ .
rzluetlhch
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February 11, 2018, 12:15:44 PM
 #8

If Bitcoin's core developers are not yet able to unify their thinking, I think your idea is hard to come by. Alas, these core developers on average each have hundreds of millions of dollars in assets, or can not be unified thinking, are the reasons for the interests!

meer45
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February 11, 2018, 12:17:35 PM
 #9

Bitcoin doesn't need to become a currency, it is fine right now as an investment method. There are plenty of coins out there which are fast and have low transaction fees. You can use those coins for payment and hold on the bitcoin as a valuable commodity.

We don't use gold to make everyday payments, yet it is still the most valuable metal there is.

cryptodude2018
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February 11, 2018, 12:19:02 PM
 #10

I trully believe it will hit $1000000 within the next 2-3 years!!!
Michellekking
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February 11, 2018, 12:23:10 PM
 #11

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.
I think the value of bitcoin is more than that. Now it is rising, and in the next few months it will hit $20,000. It will continue to grow,
It will not be behind other cryptocurrencies, it is the king of all cryptocurrencies.
Jepli
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February 11, 2018, 12:32:25 PM
 #12

I always believe that Bitcoin will rise in a few.. Let's keep our finger crossed. Truly it will hit the way we want it to.

@ltra
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February 11, 2018, 12:47:08 PM
 #13

There is nothing to worry about. Bitcoin is the backbone of cryptocurrencies and with blockchain it kind of cool to keep it in its original state. Have you ever heard of some old classic car getting evolved with new engines and wheels. They are precious because they are classic, old and unique in their own. Same is the case with bitcoin. Nothing needs to be changed, everything is already perfect.
Bayoe_noe
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February 11, 2018, 12:48:59 PM
 #14

it's very difficult to predict the bitcoin price, but I'm sure bitcoin will reach $ 100k, and hopefully when it's been a lot of bitcoin holders who get a profit because it holds bitcoin for a long time. and also hopefully bitcoin will have a good future.
FrueGreads
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February 11, 2018, 12:54:50 PM
 #15

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

Why are you saying that no innovations are happening in bitcoin? Has the lightning network development stopped and I wasn't aware of it?
Good development takes time, and I really think that people need to learn on how to be patient. Bitcoin fees are much lower again, and exchanges are finally adopting segwit, so the fees should probably remain this way for now. LN is already being tested on the main net and so far is working well, so I do think it will probably be released during this year. Once that happens, the innovation you are asking for will come true.

Even if it doesn't happen right now, it's ok. Bitcoin development has good potencial, so we need to be patient. I would only be worried if LN got deployed and it failed to solve BTC issues, and no new alternatives would show up at the table. As long as development continues, I will just keep waiting.

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elvinjamon
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February 11, 2018, 01:07:14 PM
 #16

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.
But the big question regarding innovating it is how can we, bitcoin users, improve bitcoin?  I know that we are doing what we can to generate new ideas and get a lot of information regarding bitcoin but I think it is not enough.  We must create different ways on how can we make bitcoin popular so that it will be attracted by investors and it will survive through time.
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February 11, 2018, 01:10:36 PM
 #17

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

What can we expect? As of now there is no innovation on bitcoin blockchain and if this drop continues then it would be dead for sure. But as what i see, bitcoin price only depends on investors that is if there is no one manipulating the price to make it even more reality. If investors only hold their stocks and take out only what they need, then there is no reason for bitcoin to drop even more.

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February 11, 2018, 01:22:04 PM
 #18

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.
bitcoin will never die perhaps bring down the whole crypto community then maybe it dies,because this is technology and world is getting closer and closer to computer world.when only technology runs the system and human will only the creator,and to monitor.in effect electronic currencies on the track and will do the job
jakelyson
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February 11, 2018, 01:24:19 PM
 #19

There is nothing to worry about. Bitcoin is the backbone of cryptocurrencies and with blockchain it kind of cool to keep it in its original state. Have you ever heard of some old classic car getting evolved with new engines and wheels. They are precious because they are classic, old and unique in their own. Same is the case with bitcoin. Nothing needs to be changed, everything is already perfect.
That is true for cars and furnitures but not in technologies. Have you seen anyone still using beepers? NO, you might not even heard about it because they have been replaced by mobile phones, and then by smart phones.

It is true that IF bitcoin becomes stagnant, it will die. But it is not, and I believe the devs are working hard to make solutions to the problems.
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February 11, 2018, 01:25:43 PM
 #20

Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

LN
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