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Author Topic: So...Is Bitcoin the ultimate coin that does not need more development?  (Read 872 times)
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January 23, 2020, 12:14:18 PM
 #21



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Nothing in this world is perfect.Bitcoin is far from perfect.It's development will continue forever.
If we compare Bitcoin to all existing altcoins,yes it is the "maximum version" of a cryptocurrency.
Yet,still Bitcoin Core has it's own issues,that have to be solved,in order for BTC to gain mass adoption and become a real global currency used by billions of people.

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January 23, 2020, 12:15:01 PM
 #22

As subject goes, is Bitcoin the maximum version?
Seems this is a vague question there's no such thing as maximum version of it.

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?
It is always on development and AFAIK I never heard of any that there's a better coin right now than Bitcoin and I think not even on another decades or even if the last bitcoin be mined.
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January 23, 2020, 01:23:57 PM
 #23

# anybody can fork bitcoin and add any improvement they like
# its opensource and improvement within bitcoin itself is possible when required and if everyone is willing to do so

However with every improvement we have left with countless number of bitcoin clones and split of overall bitcoin community. Most of the forks or hardfork are lead by group of people with financial motive rather than motive to improve the performance of original bitcoin network.

 
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January 23, 2020, 02:01:19 PM
 #24



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?
Of course it have an improvement, remember that even though the best person has the room for improvement in which we all need to continue on improving do that we will be keep updated no matter what happens. Maybe on the next few years bitcoin will still develop and develop so that it will not be on the last line in which it will keep on the first and good coin so that many people will patronize it no matter what happens, because if bitcoin stop on upgrading and developing then the people will not patronize it because there are no improvement at all. If coin is continuously improving then it would be a good sign in the market because it means that they are still continue to grow no matter what happens.



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January 23, 2020, 05:18:33 PM
 #25

So far ,It has proven to be an ultimate coin, No one can predict when it's price goes up or down, It survives as long as modern technology exists , if Technology one day disappears from the world , people will consider another thing for ultimate coin.and that day is far away .Use and trade BTC without any hesitation.
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January 23, 2020, 05:19:06 PM
 #26

There is always room for improvement in every innovation and same holds true for bitcoin. Bitcoin has serious issues like scalability and high transaction fee. If that does not address timely then bitcoin won't reach to masses.

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January 23, 2020, 05:21:59 PM
 #27

Bitcoin as its name suggests is really the ultimate coin. The development is always there. As they say, change is constant. But as to the name itself bitcoin had established its worth. Its like a brand name that always improves and develops many variants but still the name is continued.
There is always changed that we may see as we dig more deeper on what bitcoin can possibly do in all means, it always need some development that forked coin appears but still we choose to focus on the original. It's the basis why other alts and forked coins developed, to add and provides some functions that may lacking in bitcoin.



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January 23, 2020, 05:29:27 PM
 #28



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Nothing in this world is perfect.Bitcoin is far from perfect.It's development will continue forever.
If we compare Bitcoin to all existing altcoins,yes it is the "maximum version" of a cryptocurrency.
Yet,still Bitcoin Core has it's own issues,that have to be solved,in order for BTC to gain mass adoption and become a real global currency used by billions of people.
It has to constantly be iodated along with its technology in order to provide the best possible service to everyone. Stagnating bitcoin's progress will be death of it, since innovation is it's main game. So bitcoin might be the peak image of what a cryptocurrency, but it's still far from done and would still need the progress and development every now and then to ensure it is working in its peak performance
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January 23, 2020, 05:35:34 PM
 #29

The structure of the house and main features (walls, rooms) are all done. All that is left are for the small details, like furniture, before bitcoin is a full house.

Hey Bitcoin is already a full house, it has furniture. The only thing left is some nitpicking on furniture styles and maybe their comfort. Or maybe changing some lamps or moving appliances from one place to another.

This happens when software leaves its testing cycle and becomes production ready.

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January 23, 2020, 05:37:27 PM
 #30

As technology and society develops, bitcoin also needs to keep up, so saying that it already is the ultimate version currently is plainly wrong as you'll never know what comea along the way. I also thought of the same thing a couple years back, when I was a naive trader thinking only of the profits. A few steps forward I realized that there a ton of things that could potentially affect bitcoin negatively if the developers won't do anything to patch or fix it. The threat of quantum computing is lingering though not that evident yet, but should it ever see the light of day, we may have to move to quantum-resistant algorithm to secure the integrity of transactions and whatnot.

Innovation never stops as the society and our technology continues to develop. We will always have to patch things up for bitcoin in order to complement the world and economy we belong to. It might seem stagnant now but updates are constantly being pushed into it.
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January 23, 2020, 05:45:02 PM
 #31



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Even at bitcoin's ultimacy it Should not be deprived of constant development and upgrade, if another coin rises above bitcoin should anyone be amazed?, Not because bitcoin is not good enough but because life is full of competition and all these altcoins are not relenting either,
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January 23, 2020, 05:46:53 PM
 #32

Is it still possible to develop it?
Of course bitcoin is still developing, the biggest downside of bitcoin right now is that the transaction speed is gradually improving. I think that in the future bitcoin will have many new improvements to meet the needs of the market and investors.

Can we still expect better coin than Bitcoin?
Of course, there will be many better coins than bitcoin, but the reputation of bitcoin is so high that it ranks number one in the cryptocurrency market and no other currency can surpass it.


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January 23, 2020, 06:33:55 PM
 #33

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

You may want to spend a little more time reading about Bitcoin. It's still in active development, and will continue to be for the foreseeable future. There are still a few glaring issues that are yet to be addressed.

Can we still expect better coin than Bitcoin?

Of course. The possibility will always be there, it's the probability that is in question.
Of course, it's in active development, but perhaps the op wanted to say (or could agree it would now be more interesting to discuss) whether any huge change is coming. Small improvements are good, but how much can we expect Bitcoin to change? How much is it even possible to change it? What is based on consensus and what definitely stays the same? And speaking of consensus, how likely is it that consensus would be reached about a very major change (some people called for Bitcoin to become PoS, for example)? Does Bitcoin even need those changes? I believe if there's something that can be done with scalability, it should be done, but apart from that I'm fine with small changes.

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January 23, 2020, 07:50:49 PM
 #34

No technology stays like that without update. It part of the things that makes it better. Therefore, there is alway room for Bitcoin to grow and that's when there is more adoption.
Also, there are possibilities of seeing more coins which are way better than Bitcoin but with the low quality coins emerging from ICOs I don't think there will be anyone sooner.
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January 23, 2020, 11:15:11 PM
 #35



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?
If bitcoin has reached the maximum version then it is time for ending up of its usage. The continued development is a must with bitcoin network to stay strong in the market. With time development and the competence will increase, if there happens lack of development something will acquire the place.

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January 24, 2020, 12:12:13 AM
 #36

It is on continuous development and updates are being delivered to us. This is one reason too why bitcoin is becoming the most known cryptocurrency because the update never stops and it has to cope up with the demand of the people.

Debates are there of what it should be focusing on the size blocks and other concerns that were asked to it. But leave the rest of it and asking if it's the ultimate coin, so far it is and I don't think there will be another one.

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January 24, 2020, 03:04:24 AM
 #37

It will be left behind if bitcoin will not continue to develop. Bitcoin always needs progress, therefore it certainly need a useful development.
A new coin  better than Bitcoin?
When it comes to the fast transactions, low fees, etc. There are so many coins out there that surpass that issues. But Bitcoin will always be Bitcoin, the King and I can't really imagine there is one who will gonna replace it.
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January 24, 2020, 04:18:27 AM
 #38



As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?
no, but bitcoin has improved a lot of technology since its birth 10 years ago, and if we look at some bitcoin developments that continue to the present such as Segwit, Lightning Network and innumerable new versions of bitcoin core software, then bitcoin is a continuation of growth entities sustainability and relative conservatism have provided stability and resilience that is not shared by other altcoins.

Bitcoin continues to develop technologically.

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January 24, 2020, 06:28:24 AM
 #39

It will be left behind if bitcoin will not continue to develop. Bitcoin always needs progress, therefore it certainly need a useful development.
A new coin  better than Bitcoin?
When it comes to the fast transactions, low fees, etc. There are so many coins out there that surpass that issues. But Bitcoin will always be Bitcoin, the King and I can't really imagine there is one who will gonna replace it.

In terms of software and technology systems. Developing a system is the easiest task to do, however, the maintenance and upgrade is the most difficult among all. That is because maintaining and upgrading bitcoin system will require lots of adjustment and since bitcoin is decentralized, no one will stand for now to upgrade bitcoin other than to create more application of bitcoin to incorporate it to their systems. Bitcoin will remain as it is that we, people should not fear because bitcoin is the digital gold, could be reshape to fit one's needs, but doesn't need upgrade and people will still use it.
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January 24, 2020, 06:45:42 AM
 #40

of course, it is, day by day we are developing our idea, our living style is changing with the change of time, technological advancement is brought to us a lot of changes in our life, So everybody expects more or less change and a better thing what we have at now. I don't think that Bitcoin is enough what it has, a lot of things should be developed, especially, Bitcoin is not safe yet because you must be worried about the news of the price of Bitcoin, the safety of Bitcoin and the market of Bitcoin, the most important thing is that the legal aspect around the world, Unless it's legalized people won't accept it in an easy way. So still I expect better things than what exists.

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