Am I the Only One Who Forget The Innovation of Bitcoin ?

[franky1]

Trust and integrity
Bitcoin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Bitcoin can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make a profit at the expense of other banks or the public. A future in which major banks would support Bitcoin could help to reinstate integrity and trust in financial institutions.

Resilience and decentralization
By way of decentralization, Bitcoin created a different type of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is difficult. Bitcoin could represent an interesting step forward in securing local and global financial systems.

i would say thes categories are very much in question and written in a vague manner to hide the risks to the categories

the DISTRIBUTION of the data and private keys makes it difficult to cheat the system of funds. as people dont/shouldnt share private keys
but the CENTRALISATION of the coding decisions by one central group makes it easy to cheat the rules and change the rules the network follow
and yes all 'indpendant' nodes do FOLLOW one set of rules. there are not independant rules each person has that are diverse
and yes the rules are decided by a central group not the independant network. due to some of the backdoors added in 2015-2017 that made it possible

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[BITCOIN4X]

~snip

Bitcoin cannt be falsified, this makes me and others trust in bitcoin. So far, what I know is bitcoin has provided a good level of security for users, giving full control and so on. If something happens like losing a private key, stolen, or erased accidentally, then it looks like its a user error.
The fact is that many people still doubt the security of bitcoin. I think its natural, because anyone will know that saving a large amount of money on bitcoin and when money or bitcoin is lost then they dont get any insurance. Losing a private key is the same as losing money.
Can we say this is the weakness one of bitcoin innovation ?

[franky1]

~snip

Bitcoin cannt be falsified, this makes me and others trust in bitcoin. So far, what I know is bitcoin has provided a good level of security for users, giving full control and so on. If something happens like losing a private key, stolen, or erased accidentally, then it looks like its a user error.

the block data, after so many confirmations becomes increasingly difficult to erase the past. but orphaned blocks and double spends have occured. thus trusting zero-low confirms should not just be done on faith.
because history has shown that it is possible

The fact is that many people still doubt the security of bitcoin. I think its natural, because anyone will know that saving a large amount of money on bitcoin and when money or bitcoin is lost then they dont get any insurance. Losing a private key is the same as losing money.
Can we say this is the weakness of bitcoin innovation ?

people should always doubt and be critical, and be reviewing code and finding bugs constantly. because as soon as people just become complacent and just have trust/faith. thats when bad things happen
your trying to turn the risk of developer centralisation to be about private key personal loss/forgetfulness. just shows the sentiment is still trying to sway away and be vague/ignorant of the real issues.

private keys is not the network security risk. the coins are distributed not centrally hoarded. but the RULES decisions are centralised to one group

the sentiment tries to sway developer risk to network away from talking about developer risk by trying too get people to worry about PR guys that dont code, worry about pools that cant change the rules, worry about private key and individuals stupidity. but still not grasping the networks real risk that people should be critical of is the developers.
we should be critical of developers not 'trusting' of developers

[BITCOIN4X]

~snip
we should be critical of developers not 'trusting' of developers

Understand, you have increased my ability to think in this matter.
Experience is more valuable than theory, which is why people may not always trust developers.  I am trying to find out the pros and cons of bitcoin innovation from your now.

[asus09]

~snip
we should be critical of developers not 'trusting' of developers

Understand, you have increased my ability to think in this matter.
Experience is more valuable than theory, which is why people may not always trust developers.  I am trying to find out the pros and cons of bitcoin innovation from your now.

Experience is best teacher where lesson got on my school, but for me money is best way how to get experience and get much profit with bitcoin and altcoin investing, what have to care with innovation of bitcoin without have money to start investing with bitcoin, how long become rich and get profit with bitcoin by only know innovation with bitcoin without start for investing.

[BITCOIN4X]

~snip

I just want to say that before starting to invest in bitcoin then we should at least know the innovation. The main purpose of bitcoin is not as an investment asset but to become a global currency. In its journey, users are competing to make bitcoin an investment asset that is quite profitable even though the volatility is very high.

The thing to remember is, bitcoin is not just a profitable investment asset because there are many other innovations that have been adopted by large companies.

[Micerker]

thank you, I am too,
i was quite surprised back then when the fee and speed of transactions was improved after hard-fork.
when the price was at 3000 and transaction fee is about $3, not so much but when price up to 20k, quite a lot of fee when you just want to make small money transaction. and speed at that time was not really good,
but now, fine for me

[Wintersoldier]

I just want to say that before starting to invest in bitcoin then we should at least know the innovation.

Especially if we're gone for a long period of time, the updates concerning cryptocurrency should be considered. For example, if we are using an old wallet account, if there will be a new wallet that we don't know yet, the advantage of the wallet will be disregarded as we are still using the traditional. Updates concerning networks would also be a good thing to study. It is about keeping up with the innovation to make our investment in bitcoin profitable.

The main purpose of bitcoin is not as an investment asset but to become a global currency.

Though it is not written on the white paper of bitcoin, I highly believe that Bitcoin has the capability of becoming a global currency despite of its volatility. It doesn't mean that every transaction should be in Bitcoin but to allow the world to transact through one crypto which is Bitcoin. And I bet that is already working now.

[haufranco]

U really think there's the only one guy? Doubt that. Probably group of ppl did that for some economy purposes

[Twentyonepaylots]

I believe in bitcoin's limitless potential but it is evidently bound by the current rules and regulations, as well as the economy of the world which it circulates in. Given the time, bitcoin will indeed be able to compete against traditionaly payment methods and will be able to come out on top, the classic bitcoin way. It's only a matter of time and technology before this happens, and we all know these two things come by pretty quick

[panganib999]

I believe in bitcoin's limitless potential but it is evidently bound by the current rules and regulations, as well as the economy of the world which it circulates in. Given the time, bitcoin will indeed be able to compete against traditionaly payment methods and will be able to come out on top, the classic bitcoin way. It's only a matter of time and technology before this happens, and we all know these two things come by pretty quick

But bitcoin had proved a lot of things today. As we all know even it is unstable and decentralized, bitcoin able to achieve the greatness. Yes, it is true that it affects the economy of the world for being it's decentralized. No one even the government able to control the bitcoin. But today, it has a lot more role of bitcoin in our world. In terms of onlie transactions, bitcoin controls a less hassle transactions that gives the user a good and easy experiences. Who knows? Bitcoin might be experience or reach a lot more innovation in the next few years. We'll see.

[Reatim]

Dear Customers,

We are able to sell your keys fast on popular platfroms.
We have already 5 ways to sell keys worldwide.
If you have any keys xbox, psn, etc we are able to provide you fast payment
and also sold your keys very fast to dicent customers.

Lol ,Trolling is not as effective now ,because even trolls from the past is a Bitcoin investors today.

Just wait till you hit the floor,for sure you'll forget about this belief.

there is some ways to not having private key for unsafe platforms,for storing your coins because Innovation is happening .

[Xinarae*]

In my opinion the potential of Bitcoin is much improved. Its popularity in decentralized transactions is growing and bitcoin is being invented in new ways that are having an impact on the economy. Many are safe for transactions and traders are reaping many benefits through investing. It is being developed with technology. There are many reasons for unsafe platforms not to be private. These sites need to be well researched Then it is possible to know the exact information of its key and fast innovation.

[imstillthebest]

No, you're definitely not the only one. It's just that these innovations have become commonplace.

become common place or become a thing on the past because people forgot that btc have innovations
but people now sees bitcoin as an easy money , as a safe haven for their money , as an asset , and etc ...but good thing that we have a friend to remind us that btc once have all those innovations .
i didnt forget some of the innovations that btc have but i was not aware that btc have them but now that i know , i am also going to remind my colleagues  . lets make btc great again

[finaleshot2016]

I've studied a lot about bitcoin so I don't usually forget the innovations of the leading cryptocurrency. Actually, those innovations become useful to use when time we're struggling on a project study, blockchain is what of the complex topic you can start with. The bitcoin community is developing daily so more people are getting interested in it, more research, improvements, and such. Bitcoin is always being mentioned in my environment at my university, even in economics, it was a useful topic to discuss finance.

[yhiaali3]

Really wonderful article, there are many wonderful features and characteristics in Bitcoin that we do not know and have not discovered yet, this article explained all of this strongly, unfortunately most people think that Bitcoin is just a currency on the Internet that you can sell on exchanges or send to someone else, this is not true at all, Bitcoin is a complete revolution on the entire old financial system and an Innovation that will change the face of the world. We have to spread the Bitcoin culture so that people can understand the tremendous power that Bitcoin possesses.