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Author Topic: What does bitcoin need to improve?  (Read 4111 times)
billbear
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June 16, 2018, 04:56:06 PM
 #681

In my opinion, nothing is needed, just do your job, and stay on the leading position. But it's worth creating new services. Maybe even some bonuses like encouragement.
felixesteban
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June 16, 2018, 05:32:31 PM
 #682

The transfer speed are currently very low and it is not possible to compete with Visa or MasterCard in this sense. For instance, number of transactions per second is around 1,667 on average for Visa. This is only 7 for bitcoin. With lightning network technology, this figure is claimed to reach 1 million. If this happens, it will make a huge difference. The other disadvantage for bitcoin, transfer fees is not cheap enough. This price was very insignificant and attracting people before. This has to happen again.

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tamarindbleu
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June 16, 2018, 05:38:45 PM
 #683

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.

In my opinion, I think bitcoin needs more security since I can feel the lack of security here. Also, it needs some more people or anything that will help with the speed of the transactions and processes that's happening here.
polikarp
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June 16, 2018, 05:41:10 PM
 #684

The transaction should be instant just like it is with PayPal. If the fees can also be reduced, it would do wonders.
allisonkeya
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June 16, 2018, 06:27:34 PM
 #685

Theres nothing to be proved left in bitcoin and bitcoin doesnt have lack. What we need to fix is what people think of bitcoin, becaause some are treated it as a scam while its not.
MMA
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June 16, 2018, 09:27:51 PM
 #686

faster confirmations needs to be fixed and that is the issue that discourages some people most of the times. Another is transactions feed. There are times it becomes so huge that you will be paying 25usd as transaction fees for a 50usd transfer which is 25%. Cryptocurrency were designed to kill off middle men charges not incure it themselves.
Yes in current time that can be consider as the big issue to be fixed. I think that people now trying to use bitcoin in their daily life but the confirmation issue is really restricting them to use bitcoin in their daily life. I think that in future when this issue will be sold then people will try their best to use bitcoin for most of their activities.
coconutter
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June 16, 2018, 09:36:42 PM
 #687

well bitcoin is not too fast at the moment, transactions get confirmed in aproximately 30 minutes, and that is not that attractive for a mainstream adoption in a few years

andisuk
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June 16, 2018, 11:10:22 PM
 #688

well bitcoin is not too fast at the moment, transactions get confirmed in aproximately 30 minutes, and that is not that attractive for a mainstream adoption in a few years

the more the future of bitcoin continues to be developed to achieve what we need, which is fast and can not be manipulated transactions and I think bitcoin is still good for the transaction that we will do

jikurpa
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June 16, 2018, 11:23:43 PM
 #689

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.
which needs to be improved is the security and comfort in its investment and the legality of bitcoin as a currency that can make the people and the country into a developed and developing economy
SingAlong
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June 17, 2018, 02:31:20 AM
 #690

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.
Bitcoin are still need a lot of improvement and development because until now there are lot of things in the bitcoin system that needs to fix. Just like the transaction fees they should lessen or reduce the amount to be affordable to anyone and also improve the transaction speed to make sure people will use it in transactions and lastly privacy and security should be tighten to avoid bring scam and hack.

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June 17, 2018, 02:35:53 AM
 #691

Bitcoin will continue to be a leading coin despite the efforts of the other coins trying to improve in the area bitcoin seems to be lacking.In the meantime you can always use a privacy coin that has found those trade-offs acceptable. In my opinion real privacy for Bitcoin will probably realistically occur at higher protocol layers.
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June 17, 2018, 02:41:24 AM
 #692

First of all, I am happy to register this site and talk with you guys!

I think there is still some fear about concurrency being hacked. Or the markets. Security is always the best, so it should keep improving.

And then, accessibility. It should be easy to use like real currency. Via smartphone, usb, or wallet or whatever.

Briella18
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June 17, 2018, 03:18:50 AM
 #693

I think there is no need to fix with bitcoin, because bitcoin is already good enough, what we have to think is about some country policy so bitcoin can be accepted in all country.
Wolfgang.Smith11
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June 17, 2018, 03:21:39 AM
 #694

it has the largest amount of supports and it has been proved to have a stable system for the longest time most of the altcoins came out and even if they managed to gain a lot of value, So in order to compete with other currencies bitcoin need to adjust the fees and faster transaction speed than.
rye18
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June 17, 2018, 06:20:27 AM
 #695

I think bitcoin will need more positive media advertisement to encourage people to invest and not to get panic due to bad speculation created some people who destruct the image of bitcoin in the world market.
jonas5222000
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June 17, 2018, 06:41:09 AM
 #696

I think bitcoin need to improve the transaction ,although we are so many now for using it ,this is my only opinion about it,because i remember when the time i need a money and i selled my bitcoin but the transaction was so traffic ,so i disappointed for that.

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rameshrajan1000
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June 17, 2018, 07:09:00 AM
 #697

For me, the improvement of bitcoin is dependent on the state of each country. Personally, bitcoin's progress is nothing. It is already a pioneer in technology. If the state is legal in every country, we do not have to do anything to improve it.
DoublerHunter
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June 17, 2018, 08:36:49 AM
 #698

Bitcoin needs to improve its blockchain technology and put some new features about bitcoin so it will be so competitive and so advanced compared to the other cryptocurrencies in the market so there will be no chance for the other altcoins to overcome or surpass bitcoin so the thing that we will think about is going to the moon and not thinking about any dump.
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June 17, 2018, 09:01:01 AM
 #699

For me, the improvement of bitcoin is dependent on the state of each country. Personally, bitcoin's progress is nothing. It is already a pioneer in technology. If the state is legal in every country, we do not have to do anything to improve it.

The purpose of the project is to be uncensorable by gov'ts ... Why do we is the project dependent on their cooperation?

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MbakNarti
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June 17, 2018, 09:17:05 AM
 #700

Yes there is still much to be improved by bitcoin 1. The amount of bitcoin is too little 2. Too many countries that prohibit bitcoin to be used in their country 3.Bitcoin Also Must Improve its security system is not so satisfactory for everyone
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