Is bitcoin the future or just a precursor

[GospelCrypto2]

 sometime in 2017 I joined the crypto space . I started out with faucets and other freebies which were the rave of the moment as of 2017. My first use of bitcoin to perpetuate transaction left me amused. The ability to perpetuate operations with people from all over the world without any form of geographical legislation or censorship, at low cost and without exorbitant fees often associated with other means of remittance I.e western union really endeared me to bitcoin..
My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and  remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..

[Ailmand]

sometime in 2017 I joined the crypto space . I started out with faucets and other freebies which were the rave of the moment as of 2017. My first use of bitcoin to perpetuate transaction left me amused. The ability to perpetuate operations with people from all over the world without any form of geographical legislation or censorship, at low cost and without exorbitant fees often associated with other means of remittance I.e western union really endeared me to bitcoin..
My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and  remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..

Well, there's no perfect technology. You cannot expect something to be perfect when it pops-up, the problem with bitcoin scalability is slowly being solved by developers which where they came up with lightning network. Technology is a continuous development, so if ever a problem exists, people will continue to find solution. I still see cryptocurrency as an alternative to fiat regardless if sometimes there might be high fees or problem with confirmation of transaction, it will still be more convenient than using banks.

[xvids]

sometime in 2017 I joined the crypto space . I started out with faucets and other freebies which were the rave of the moment as of 2017. My first use of bitcoin to perpetuate transaction left me amused. The ability to perpetuate operations with people from all over the world without any form of geographical legislation or censorship, at low cost and without exorbitant fees often associated with other means of remittance I.e western union really endeared me to bitcoin..
My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and  remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..

I still believe that Bitcoin is the future of blockchain payment ,
It is still upgrading and adopting to the huge number of people using it.
Just take a look back in 2017 when it is being pump due to the huge number of investors getting in,
The transaction was huge so there was so many delays but now that the system have adopted it is back to normal.

[TimeBits]

Bitcoin is the foundation built out of "Kryptonite". We can form any buildings we want on top of it.  
We could also build other foundations out of whatever, but I rather use this supply of kryptonite to build my base on.

https://www.youtube.com/watch?v=Gtffv9bpB-U

Although in the future you will see more kryptonite foundations being laid. Especially with how bitcoin has been advancing compared to some of them.
Don`t get me wrong I still think Bitcoin currently is the best foundation, but that could change.

Just like how xbox and playstation both host the same market of a game device, some people rather invest building(buying games and the system) on one platform than another.

It is in our best interest to just make one super platform. A platform so good no one else wants to use another platform. Rather than forcing a platform upon people with fear mongering.

[TimeBits]

There is few ways to train a dog

Some of the most effective are positive reinforcement and becoming the alpha male.

With positive reinforcement that dog becomes "willing" to do as you ask. Chances are it will never trigger to bite you even if you piss it off a lot.
With scolding and negative reinforcement you become the alpha male. The dog may snap at anytime, they feel forced to listen to you out of fear. Sometimes that fear is overcome by their anger.

Take a look at the monkey world or gorilla world or chimp world or walrus`s.  The alpha male will scold the other beta males for trying to sneak behind and do the deed with his wives. No matter how many times the alpha beats the betas or omegas. They will find a sneakier way to do the deed with the alpha males wife.

The same goes for our prison system, they should be rehabilitation centers for the most part. The prisoners do not learn the lesson for the most part, they have been scolded, when they get out they just find sneaker ways to do crime. Some do self reflect and do become better people but for the most part repeat offenders is common. They don`t know how to blame themselves, To improve upon their own character, they rather just ask for forgiveness. Oh no big deal I killed 2 people and served my time, please forgive me "Deity name here"... and they go do it again because they feel that time was the justice. Rather than being rehabilitated, while serving the time in prison.  Now I am not saying asking for forgiveness is a bad thing, but using it as a excuse to cleanse your blockchain it`s a imaginary fork in your chain created by most religions, trust me that blockchain is there, those skeletons in your closet are not hidden, you need to be able to live with those skeletons next to you in the same room to achieve victory, it is how you become better, from falling and getting back up, how did we all learn to ride a bike? You yourself must first be able to scold yourself and realize that actions you made or thoughts you had were wrong and forgive yourself and not try but do your best not to do whatever you felt was wrong again.

[LUCKMCFLY]

sometime in 2017 I joined the crypto space . I started out with faucets and other freebies which were the rave of the moment as of 2017. My first use of bitcoin to perpetuate transaction left me amused. The ability to perpetuate operations with people from all over the world without any form of geographical legislation or censorship, at low cost and without exorbitant fees often associated with other means of remittance I.e western union really endeared me to bitcoin..
My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and  remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..

Without a doubt, not only has Bitcoin made a great impact on you, it has also been a totally new economic experience for many of us who started in this world since 2017, just when the bullish bitcoin trend started, it was a pretty good year, considering that many projects were successful after taking advantage of the bullish trend phase, and its high price increase in the market, where the market was seen entirely in green.

Many businesses have come up with bitcoin, in fact it is still attractive how remittances can be made with the use of bitcoin, it is very good especially for countries that have deficiencies in their traditional economic system, especially those countries that suffer from economies with high inflation index.

For many it is still more profitable to work with bitcoin and send remittances through Western Union, other ways of sending money have also been looked for and changed to local currency through several platforms, in fact the development that has been presented thanks to Bitcoin has been impressive, and will continue to see much more in the short period of time, and as you mention, the bitcoin is having important moves, which makes many enter the market and start their adventure with the bitcoin and altcoins .

[traderethereum]

Bitcoin still has a bright future for the blockchain payment although many other coins claim they can do better than bitcoin.
But the truth, they are still following behind bitcoin, and they cannot compete with bitcoin.
There is a matter of time for bitcoin to shake the finance and remittance system of the world and when the time it comes, nobody will doubt the blockchain system because blockchain can bring something better for us.
The fee of the transaction is not too big depends on the amount of the money you want to sent and if you want to send a small amount, then maybe using the lightning network will help you.

[pakhitheboss]

I also Joined the Crypto Space in 2017 but I started with Ethereum as an Investor cause it was the second best investment option after Bitcoin. Why I did that I still do not know. I was amazed with the practical usage of ETH and wanted to get as much as I can Do remember those were the days when Investing in ICO was the best option. Then came Bitcoin Lightning Network in the Mid of 2018 and now I do not want to miss it out as I feel that is the future.

So my answer to you is NO, BITCOIN IS NOT THE PRECURSOR BUT THE FUTURE WITH THE LIGHTNING NETWORK.

[CryptoBry]

sometime in 2017 I joined the crypto space . I started out with faucets and other freebies which were the rave of the moment as of 2017. My first use of bitcoin to perpetuate transaction left me amused. The ability to perpetuate operations with people from all over the world without any form of geographical legislation or censorship, at low cost and without exorbitant fees often associated with other means of remittance I.e western union really endeared me to bitcoin..
My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and  remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..

Well, there's no perfect technology. You cannot expect something to be perfect when it pops-up, the problem with bitcoin scalability is slowly being solved by developers which where they came up with lightning network. Technology is a continuous development, so if ever a problem exists, people will continue to find solution. I still see cryptocurrency as an alternative to fiat regardless if sometimes there might be high fees or problem with confirmation of transaction, it will still be more convenient than using banks.

Bitcoin just paved the way that can greatly change the current financial system we are having. I may not believe that soon fiat money can be totally replaced as that can be impossible not unless we will have one global government and that government will solely adopt Bitcoin but I know with the underlying technology it is using there will be more and more innovations that people can enjoy. The most important for now is that Bitcoin is evolving and that people have a choice. Besides, Bitcoin is still young so we can expect more and more developments with this as years go by. The Bitcoin saga is ongoing and it is a good feeling to be a part of it...

[hatshepsut93]

I don't believe that a startup can create true cryptocurrency, they are always motivated by profit, and to achieve that profit they have to put a lot of centralization into their protocol - TRON, EOS and XRP are good examples of such coins. It's not hard to make something with cheaper and faster transactions than Bitcoin, but so far no one figured out how to do it and still have decentralization - no one, except for people behind Lightning Network, who found a way to use Bitcoin transactions to create channels for sending unlimited amounts of transactions. So, yes, Bitcoin has much better chances of becoming the future of payments than any other coin.

[Odonko]

I would not want to jump ahead of the game and say bitcoin is the future but i say blockchain technology and cryptocurrencies are the future. Bitcoin be the pioneering factor but may not be the one to carry it through. We can only hope that in the near future cryptocurrencies are finally approved by governments to be used as another payment method.

[Haunebu]

I don't believe that a startup can create true cryptocurrency, they are always motivated by profit, and to achieve that profit they have to put a lot of centralization into their protocol - TRON, EOS and XRP are good examples of such coins. It's not hard to make something with cheaper and faster transactions than Bitcoin, but so far no one figured out how to do it and still have decentralization - no one, except for people behind Lightning Network, who found a way to use Bitcoin transactions to create channels for sending unlimited amounts of transactions. So, yes, Bitcoin has much better chances of becoming the future of payments than any other coin.

Good points. The one thing that you failed to mention is that no coin could replicate the success of BTC primarily due to fact that it was the first ever legitimate cryptocurrency that gained widespread popularity around the world giving it a head start in this aspect.

[zbig001]

Maybe it's time for a hybrid solution?
Some alts, and projects working without a coin, that can eventually become the second layer extending the capabilities of Bitcoin.
Elastos, Ethereum (Wrapped Bitcoin), VeriBlock, Rootstock, and Blockstack, to name a few.
These projects could confirm the domination of Bitcoin, borrowing from it the features that they themselves cannot have.
Since they always have to sacrifice some of the benefits of decentralization on the altar of scalability.

[Genemind]

Concluding this early that Bitcoin is the future is quite unsure for me not because I'm doubting about the capability of it but it still needs a lot of improvement and massive adoption. It still needs to be accepted in a lot of countries and accepted as a currency. However, we can't hide the fact that bitcoin has a huge impact in the economic growth of most countries.

[GospelCrypto2]

Maybe it's time for a hybrid solution?
Some alts, and projects working without a coin, that can eventually .

In my opinion working together without a coin to develop a hybrid solution to bolster the use of bitcoin is something that will never happen.. The crypto space of today has too much CEOs who know nothing about working as a team but are concerned with making millions of dollars from their innovations. I think if ethereum wanted to be the solution, the ethereum team could have established payment network and done tremendously well but the team chose to distance or restrict itself to financial and remittance solutions.. 

[okala]

Maybe it's time for a hybrid solution?
Some alts, and projects working without a coin, that can eventually .

In my opinion working together without a coin to develop a hybrid solution to bolster the use of bitcoin is something that will never happen.. The crypto space of today has too much CEOs who know nothing about working as a team but are concerned with making millions of dollars from their innovations. I think if ethereum wanted to be the solution, the ethereum team could have established payment network and done tremendously well but the team chose to distance or restrict itself to financial and remittance solutions.. 

What we really need right now in the cryptocurrency network is a solution to the emerging problems that face digital currency transactions at some point such as load of unconfirmed transactions and high transactions fees and not creating new coins that will further monopolize the entire system. We really need need solutions to bitcoin network problem and the lightening network is on the way to solving such problem.

[uneng]

Concluding this early that Bitcoin is the future is quite unsure for me not because I'm doubting about the capability of it but it still needs a lot of improvement and massive adoption. It still needs to be accepted in a lot of countries and accepted as a currency. However, we can't hide the fact that bitcoin has a huge impact in the economic growth of most countries.

These improvements are indeed needed, and they can be done as the time goes by. The possibility of making improvements only gives more power to bitcoin in the crypto space if compared to altcoins. I believe btc isn't only the precursor, but also the future of crypto currency.
Altcoins can have interesting and useful features, as eth, but they aren't enough to stop bitcoin dominance.

[Marry Finch]

So far, we can only say that Bitcoin and the whole cryptocurrency are not perfect. They continue to develop and develop very quickly. We do not yet know something like this at all and therefore we cannot say where such a development of cryptocurrency will lead. However, one can hardly expect that the cryptocurrency will make significant changes in the global financial system of payments. Cryptocurrency should not even strive for this, because then it will enter into open confrontation with the interests of all states. It would be better if the cryptocurrency will be one of the types of cashless payments and will go along with the national currencies of the states and they will complement each other with their capabilities.

[ljane]

I think bitcoin is the future because it serves as an indicator for other coins too. Bitcoin is the king of cryptocurrency and will still remain that. No coin can replace that. Aside that its also growing massively.

[Indrawan77]

2017 bitcoin transaction system was the prove that nothings is perfect and always need update, the creator maybe never expected that the transaction volume of bitcoin will become so big, but now the team had created the lightning network which could tackle those problems, so I think bitcoin could promise something good for the future