What does bitcoin need to improve?

[Mr.John19]

The thing I need to enhance in Bitcoin moderate transaction. Business with the celebrated organization on the world or association with different coins. Making a reinforcement exchange record. Make a lot of occasion or seminar regarding bitcoin and all coins. Extra supply of bitcoin available All of this I think can be bitcoin improve.

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[vvaswert]

Bitcoin needs to innovate drastically to stay up to date with the current market otherwise it risks the challenge of getting dethroned from the number one position, as there hasn't been much development happening on the bitcoin network apart from the lightning network. It needs to fix its high transaction fees problem at utmost priority.

[eolitic]

this question is way too complicated, I don't think there are many people who can answer it. I would just add that bitcoin is improving all the time. Some days ago they upgrade bitcoin blockchain. it increased the speed of thransactions and made them cheaper.

[simaislam]

That’s a very subjective question. It all depends on what you want bitcoin to be.

Do you want it to be an easy way to send money to people without a nanny (bank) looking over your shoulder, analyzing everything you do and sending a report to the government about your actions? Would you like to be able to send money around the world without paying an oppressive dictatorship (bank) for the privilege of doing it? Then don’t change anything because bitcoin already does that.

Are you more interested in atomic swaps between cryptocurrencies? Then you need to support Lightning network development.

Do you primarily want bitcoin to be a vehicle for enhanced features like decentralized crowdfunding and distributed exchanges? Then you need to support projects like Omni Layer.

Do you have one specific requirement for your cryptocurrency like buying illegal drugs, guns, supporting terrorists, secretly paying prostitutes? Then you need to drop bitcoin and support altcoins like Monero.

Are you in love with your bank, your government and hate decentralization? Would you really like to modernize the banking system and help them speed up the oversight of your pathetic little life? Then you need to support Ripple.

Bitcoin can work for its originally intended purpose right now without any “improvements”.

When I first came to this forum there were no altcoins. I believe every time another altcoin is born it dilutes bitcoins user base slightly. You are asking me to give you something for free. You're not paying so you can’t modify the rules. Maybe someone in the altcoin section will do the same thing someday. If you borrow my car for free instead of renting it you can’t bitch because I won’t let you smoke cigarettes in it.

[waichi]

The only thing that I can see that Bitcoin needs to improve is its scalability. Because if Bitcoin wants to be the first digital currency, then it should accommodate or simply increase its block size per transaction. I don't have any questions about its security because I know blockchain is nearly impossible to get hacked.

[roomboy85]

Bitcoin needs to improve fast transaction and confirmation. Also need to put bitcoin machine in every place for other option of receiving and transferring bitcoin, if we have this kind of system we also easily pay our bills in different stores. Another opinion from me is to make an advertising for bitcoin so that many people become interested on it.

[shone08]

The only thing that I can see that Bitcoin needs to improve is its scalability. Because if Bitcoin wants to be the first digital currency, then it should accommodate or simply increase its block size per transaction. I don't have any questions about its security because I know blockchain is nearly impossible to get hacked.

I totally agree with that opinion the scalability is one of the important things because day by day people start knowing bitcoin and we need a fast transaction and lower fee the good is bitcoin is decentralized that cannot control by any one i like blockchain technology.

[SaiWAFU]

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

if bitcoin continues to grow its market that accept it as a payment, bitcoin will have a higher price. We all know that majority of bitcoin is used as an investment rather a currency. So some of the coin were held instead of rotating the market thus affects supply and demand of it.

[Blackwhite69]

The only thing that I can see that Bitcoin needs to improve is its scalability. Because if Bitcoin wants to be the first digital currency, then it should accommodate or simply increase its block size per transaction. I don't have any questions about its security because I know blockchain is nearly impossible to get hacked.

I think Bitcoin is indeed the first virtual currency I know before any other altcoin. I think all altcoin depends on the sale price of Bitcoin.

[charlzyeby]

I don't see how close any cryptocurrency is in dethroning bitcoin. So far, all you see is that the other cryptos go down when bitcoin goes down. How does any crypto dethrone bitcoin if it cannot make any independent rise? Bitcoin is just doing fine. When more people start accepting bitcoin for their products it will begin to soar even higher.

[Betheng10]

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

first, bitcoin as a currency accepted by the market becomes so little and limited. Why? Because most users tends to hold it and use it as an investment.

Next transaction fees are getting higher while taking much longer. I would rather go to remittance centers like western union rather than use bitcoin for remittance as fees are much cheaper and transactions are much faster.

Do I hate bitcoin? No. I just want bitcoin to reach it's full potential that is hindered by users.

[pantheraio]

We see that altcoin's presence makes bitcoin investors move to invest in altcoin, because bitcoin is now difficult to raise its value again. While altcoin still has a chance to double its value quickly. Bitcoin should be developed by making bitcoin acceptable in many countries as a payment system in addition to the country's currency.

[wilburwilbur]

I do not think bitcoin will be dethroned. Why? If bitcoin goes down then most of the alt coins are going down either
Remember that you need bitcoin to buy alt coins
Okay so fiat first, then bitcoin and then exchange it to other alt coins
If ever bitcoin be dethroned then not today nor tomorrow but in years
If bitcoin is swayed then the price of alt coins are affected also

[roadwell890]

rebranding and increased transaction speed, reduced transaction costs,
I think the most important of all is the recognition of the legality of the big country
and that would make Bitcoin more famous than even currency

[anehh]

improved services in faster and cheaper transactions I think it is important to be improved by bitcoin. Since both of them are fast and low cost will greatly affect how many investors to invest bitcoin

[LETme]

I think bitcoin developer need to improve the transfer speed of transaction because now bitcoin process its a slow now 3 to 4 hrs before we send and we receive bitcoin in our wallet and special the fee its to high I hope the dev work on it.

[WolkGold]

Bitcoin needs the support of the investor community and the real user base. They always hold bitcoin value and experience with negative news. They will be the driving force for bitcoin and crypto to grow in value as well as practical meaning.

[Mbah Djoko]

I think the main issue of bitcoin is the higher cost of transactions, as we know that the presence of bitcoin is the solution of the high cost of bank transactions, if the cost is the same as the banks then I prefer the bank because it is more secure and fully guaranteed.

[layoutph]

We need an advance algorithm to handle scaling. We dont need a blocksize increase just like what Roger is whinning about. If scaling has fixed. There will be no delay and there is no need for BTC accelerators.

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

[Debu]

Bitcoin needs to improve the time for completing the confirmation so the transaction doesn't need to wait for a long time. Bitcoin needs to reduce the transfer fee as transaction fee is quite expensive.