Queen12
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Open and Transparent Science Powered By Blockchain
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February 11, 2018, 01:26:32 PM |
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Maybe you don't know about lightning networks? Bitcoins are now running lightning networks, but it takes time to deploy, and the only thing we need to do is wait until the lightning network is ok,and it will change.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Vatimins
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Blue0x.com
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February 11, 2018, 03:07:57 PM |
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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.
Well op, I can probably say that you are not that active in reading news about bitcoins that much. The lightning network is what's new and is a pretty amazing idea that can really change how things work with bitcoins. In my opinion, this will really be the biggest leap of bitcoin and will really be the thing that can make bitcoins reach greater all time highs again. Although this may seem as a fix for the main problems of bitcoins for the mean time while there are still no better solutions that can be thought of, it undeniably is still an amazing fix for bitcoin and is surely enough to draw in a lot of traffic. |
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teddyppap
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February 11, 2018, 03:19:26 PM |
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I think Bitcoin is still the most valuable coin. You still have the right to expect the price of Bitcoin. But Bitcoin will not die without a change in it. Because the value of Bitcoin decreases due to many external causes, not from within Bitcoin itself.
I believe in Bitcoin. This is a more advanced stage of Bitcoin.
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udivkx
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February 11, 2018, 03:29:56 PM |
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Of course, if you understand the technology, blockchain, etc., you can offer some unique idea, or even create your own coin. But otherwise, bitcoin has its own staff of highly professional specialists in the field of information technology, and I think they are working hard to improve bitcoin.
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eaLiTy
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February 11, 2018, 03:31:24 PM |
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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.
If you are not aware of it,bitcoin is an open source platform and everyone can contribute for a better product,if you think you have the skills you can contribute ,one thing you have to understand is that not every bitcoin holder will not have the technical skills to be a developer,first and foremost bitcoin is not a consumer company like apple,amazon or yahoo to compare them with a crypto currency,first try to understand the difference between a corporate company and a decentralized currency and if you were sleeping,are you not aware of segwit and lightning network being discussed in the forum time and again. |
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vv181
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February 11, 2018, 03:35:37 PM |
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Partly I agree, Bitcoin hasn't done any significant innovation if we compared to altcoins, altcoins have done many significant roadmap and features. But I believe the lightning network is surely a huge leap forward for Bitcoin to solve the scalability issues. I'm sure its enough to make the investors feel confident yet again.
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bitcad4u
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February 11, 2018, 04:16:19 PM |
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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 you not heard about the lighting Network.It made many changes in the bitcoin world.After Sathoshi ,poon and his friends made a remarkable change in the Crypto currency.Now the transaction fee for bitcoin is reduced 5 times lower due to this LM. And due to decentralized concept,bitcoin will not die at all. |
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joebrook
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February 11, 2018, 04:36:27 PM |
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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!
Indeed they are have their own interests about the whole thing and am thinking they are being bullish about the whole thing, they are too divided to implement a solution that we know we are going to fix sooner and later am sure when more investors join again, we are going to see high fees again. |
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Abete
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February 11, 2018, 04:46:44 PM |
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Bitcoin does not need to evolve, just this time too much that mimics the greatness of bitcoin. I can not mention it, for example Ethereum can be balanced and synergize with Bitcoin. should be like the others do not think to drop the bitcoin, better synergize to develop well.
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Washball
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First crypto index traded as a token!
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February 11, 2018, 04:46:57 PM |
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This is new technology and It's still evolving. Now with Lightning Network it will be even better than before, with faster and cheaper transactions. And then it will not stop as technologies are always being improved. So, no worries from that side. The problem is governments regulating cryptocurrencies, although it's said to 'do no harm' with these regulations. Then maybe it will not be so decentralized and anonymous.
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Tinna25
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February 11, 2018, 05:28:47 PM |
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I think the bitcoin drop is not due to lack of innovation, but because there are too many bad issues about bitcoin. examples in many bitcoin states are prohibited, for example China and India. but bitcoin stops plunging after an issue that japanese legalize it.
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buwaytress
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February 11, 2018, 05:34:26 PM |
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@Pooya87 Thanks for being so quick to point out the error of OP's post! SegWit was a huge deal achieved last year, and Lightning Network is well underway. But having all these innovations will be pretty pointless if services don't adopt them (yes, they finally are and even the slowpokes like Coinbase will be rolling SW out soon).
Scalability is always going to be an issue, but it is a good issue to have. Think about it. If Bitcoin never got the kind of use we have today, the network would never get so congested. That it has an issue is a nice problem to have. I'd love for the network to grow even more, to the point that even LN will need to improve.
Perhaps the request to all Bitcoin holders would be to be a bit more aware of what's going on with Bitcoin and help foster the innovation. Advocate the services you use to quickly take up SW and LN, for example.
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phr0stbyt3
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February 11, 2018, 05:37:52 PM |
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100,000$ what you mad we cant do anything we all are just bits of users currently there are more people selling tham demanding thats the reason for this downfall even if we all try to buy and increase the price some whale would easily dump it , currently all markets are low trying to pump it would dampen stability and future growths
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mahibul49
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February 11, 2018, 05:39:43 PM |
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man only 4 million bitcoin left to mine.so think btc price will go to 500k usd in near future.bcz blockchain is bitcoin.so no prblm at all.
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cryptodude2018
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February 12, 2018, 06:43:08 AM |
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What can we do to help it get to that level?
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ApocalypseNow
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February 12, 2018, 08:53:19 AM |
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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.
Agree. 9 years should be enough to see bitcoin doing those things but we end up seeing many bitcoin forms that wants to take it's place like bitcoincash. I'm sure that this year would be like "Show me what you got" for the government to make it officially legit and end the scam accusations. |
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fireblond
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Thrive
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February 12, 2018, 09:02:43 AM |
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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'm fond with your enthusiasm, and yes It's great to think of more innovative ways to upgrade bitcoin. I would recommend you read more about the soon to be released "Lightning Network" It aims to decrease the fees and introduce cross-blockchain technology which would take bitcoin and Crypto to the new level. |
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buwaytress
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February 12, 2018, 05:18:10 PM |
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What can we do to help it get to that level?
Advocacy! If you're a member of site or service that uses Bitcoin, encourage them to quickly upgrade to Segwit wallets. The majority of sites are still on legacy addresses. You don't have to force anyone to do it, but if enough users ask about it or even just talk about it, you bet the service owners will think more about it. As I understand, most are putting it off because of huge backlogs and unmanageable inputs, but with the mempool so low right now, it's the perfect time to consolidate wallets and just make one big move to Segwit. One site starts, second follows... domino effect. |
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HasHe
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February 12, 2018, 11:25:51 PM
Last edit: February 16, 2018, 12:32:33 PM by HasHe |
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Innovations are already applied.For example, Segwit was activated to solve the transaction issue and now lightning network is going to be activated for the same issue.Already,transaction fee has come down due to more people using Segwit addresses.But at the same time, innovations should not be in a way so that it totally affects the originality of a project itself.
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BAGOBO
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February 13, 2018, 12:13:29 AM |
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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 had predicted this would happen, surely someday there will be a new innovation that will drown Bitcoin, the world will continue to grow as well as digital currencies |
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