What does bitcoin need to improve?

[fatema]

In order to improve Bitcoin the benefits of Bitcoin will be presented in front of everyone.More about Bitcoin campaigning. Some countries consider Bitcoin illegal transactions.So Bitcoin authorities should talk about the legitimacy with those countries.

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[jdkly]

transaction fees are high... also transaction time is high than other currency.These need too be improve.  because of that people not using bitcoin and reduce the dependency on bitcoin. Results in stabilize the price of bitcoin.

Nowadays it is quite low, and yesterday one of my transactions got confirmed in 20 minutes after paying a fee of just 1 Sat/Byte. However, I am not sure whether these low rates will remain for the medium-term future.

I think the promotion of Bitcoin is not enough. If possible, we can start from this aspect and increase the promotion of Bitcoin so that more people can understand Bitcoin.

[linshisui38]

The currency issue of the existing bitcoin system USES a simple linear halving strategy, but the individual thinks it is not optimal. First, when 2140 years later, the new COINS are no longer produced, if productivity still get continuous development, the supply will be more and more, and the currency in circulation is constant, so the introduction of a new product, is bound to have some existing prices need to fall, to set aside a medium of exchange, which will cause deflation; Can be found in the second, from the observation, COINS, as more and more media reported more and more people to join the currency market, the effective demand of the currency in the mounting, and obtain the currency only two ways: mining or through exchange bought with fiat. The current mining difficulties of bitcoins have made ordinary cpus and graphics CARDS far from the top, so buying them is a major step in acquiring bitcoin. This has led to a rising exchange rate for bitcoins. And has a first mover advantage has a lot of COINS, in the face of rising prices, and has rised and the hoarding of psychological, it is further pushed up the currency price, also caused a decrease in the number of COINS for trading, and into a vicious cycle, liquidity caused serious influence on the currency. And the speculators saw this nature of bitcoin, and they joined in, causing huge fluctuations in the exchange price of bitcoin, which caused a serious impact on the bitcoin ecosystem.

Therefore, the newly designed currency should avoid these situations. First of all, to dig, the new currency should be able to attract enough of the people involved, and avoid meaningless intensified mining arms race, which need to change during the mining distribution mechanism. The occurrence of the mining machine should be avoided, even the participation of GPU should be avoided. A mining algorithm based on the equipment and CPU owned by most computer owners ensures sufficient participation. Dig A new currency still should follow the principle of proof - of - work, just dig out the distribution of A new currency, should put all participants shall be carried out in accordance with the contribution amount tech-oriented sorting, according to different section of the contribution period of average income of the realization of mining, similar to exam 90 points have A evaluation. The segmentation can be divided into the top 5%, the first 5% to 20%, the first 20% to 50%, which can effectively avoid the mining arms race, so that more people have the opportunity to participate in it, thus promoting the circulation and development of the new currency.

[heureca]

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.

Transaction fee and transaction speed are main problems of BTC if considering it as payment tool. Concerning security - BTC wallets are rather strong

[Mantisa83]

Fast transactions in the crypto world was the major theme, behind launch of blockchain technology. May everything remain positive from all sides.

[Ranly123]

I also do not like the speed of confirmation of transactions and their price. We saw this flaw when the price of bitcoin was $ 20,000. Can you imagine what the price will be for the transaction if the price of bitcoin is 50K-100k. But there is still the problem of the inability to withdraw your payment if the store sent you a defective product or did not send you anything. Now this is not very important because most stores do not accept bitcoin for payment. But we need to prepare for this now.

Defective products you bought from online stores has nothing to do with bitcoin. It is just the same as you buy products with fiat currency, there are tendencies that the product you brought is defective if not properly inspected. Yet i agree with you not liking the confirmations of transactions speed, it should be addressed with the developer and improved.

[BILGPS]

Bitcoin is the best and improving currency but it is for the people to hold this currency because with out this the bitcoin value will not rise and if the people love to buy bitcoin and hold this then they will see that bitcoin provide them the best profit in the near future and it is good to use this for online payments etc it is convenient for those who are dealing with online services.

[perova93]

Some want it to be stability and some want the forecasts to be so accurate to invest and do not exactly disappear

[mhsingh]

I don't think any improvement needed in Bitcoin. Time to time blockhain updating  its resources.

[Mantisa83]

Bitcoin BCH is the only Bitcoin. Segwit Coin is no longer a cryptocurrency and has no known utility and might disappear for good. All Dev is now on the BCH chain which has a bright future as originally intended by Satoshi in the white paper.

[drukoz2]

It is very important for bitcoin to expand as a payment system as a currency, as in many cities and countries it is still impossible to pay with bitcoin anywhere.

[JillClarissa]

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.

I think bitcoin is great right now, but it still has a lot of things to improve, such as its slow trading, which is a big problem. Second, its transaction costs are high relative to other cryptographic currencies, and would be better if it could be reduced.

[deepakg2m]

Major problems with BITCOIN that needs to be improved are:~
1. Speed of transaction
2. Fees for transaction

[siddu1]

I don't think so that Bitcoin have to change anything except one and the thing is bitcoin transaction fee is very. as a result people who transact a little amount of Bitcoin they have to pay a good amount of Bitcoin.that's why I think the fee of Bitcoin transaction should decrease.

[qtronix]

Bitcoin does not need improvements, it is quite safe, fast, the size of the Commission is also regulated. He just needs to get even more involved in our lives.

[Uno17]

Bitcoin is already outstanding among other crypto currency in the market, the management have a well done job in running the bitcoin in the matket, my opinion only of enhancing more is hopefully one day we could see some atms anywhere around the corner like the bank’s atm, so that it can serve more convenience to those who has urgent needs of money. Overall bitcoin will sure soar in the sky in the very near future😊

[potatocrasher69]

Because Bitcoin is one of the secured online monetary forms and more trustable now a days so we can make a change in bitcoin like putting bitcoin ATM's on all urban areas it is exceptionally useful to pull back their bitcoin rapidly immediately this will supportive to enhance bitcoin client's everywhere throughout the world.

[Baddo]

In my opinion bitcoin we need to improvement transaction fees Because that one is the problem in bitcoin user high fees . Bitcoin is secured and safe in cryptocurrencies nothing to worry in bitcoin is being normal.

[Pansamantala]

We have no problem with bitcoin's security features since it was one of the most tough securities in the internet. What I want bitcoin to improve is its transaction processing especially for larger credits when you buy bitcoins. Sometimes it gets so slow for a virtual currency that's supposed to provide faster and convenient transactions. Moreover, I would like for bitcoin to be more beginner-friendly so everyond can effectively use it. Some of bitcoin's important features are complex and may seem puzzling for beginners.

[AntonKrutkov806]

Bitcoin can be earned simply by playing Counter Strike. The largest prize fund in the history of Starcraft 2 was also collected thanks to Bitcoin.