So...Is Bitcoin the ultimate coin that does not need more development?

[pakhitheboss]

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, Bitcoin is not the ultimate coin in crypto world. There is a lot of development that it needs. At the moment there are developers who are still working in the background on its development. If you want to know what is happening the doa simple search on google and you will find a lot of articles related to it.

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[LorenoCoin]

bitcoin is self-audited, por lo que no depende de un tercero que la mejore. it is the mother of all cryptocurrencies, I really do not believe that one day there is one that steals that position, it would have to be another type of technology that may not work with blockchain.

[Ozero]

Of course, bitcoin is not functionally perfect right now; it is already relatively slow and expensive in transactions. Therefore, he must continue to improve. Yes, and nothing should stand still. Everything must develop, otherwise it immediately gets old. This is especially true for technology. Many altcoins even now demonstrate the best functionality and therefore Bitcoin also needs to be improved.

[Genemind]

We can deny the fact that Bitcoin has been through a lot and has passed all the tests of time but as for me, it will still be an advantage if it will improve as a digital currency. Creating more features that would make it attract more investors and merchants to be adopted is a huge thing. We still need massive adoption so Bitcoin could grow more and so that more countries will recognize it as a currency.

[shield132]

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Oh no of course.
There are bitcoins and there are altcoins, there is huge difference between them and altcoins were created in order to offer something better in it, some of them succeed this way. Let's talk about that, what bitcoin has and what it lacks.

Bitcoin is as simple as it is - it's decentralized, mineable with fixed supply, with some fees, with blockchain. Is it maximum? No, cause...
Bitcoin lacks anonymity and Monero rises here with it Ring Signatures, it creates unique signatures and combine them with old ones, makes it hard to tell who created transaction and Stealth addressing, making it hard to tell the destination of sent Monero.
Bitcoin lacks what Ethereum has - Smart Contracts and DApp platform.
Bitcoin Mining - It turned into commercial business.
There are still some currencies to compare bitcoin with, but I find it very boring and included example of two popular coins, Ethereum and Monero.
So to sum up, bitcoin isn't the current maximum version of cryptocurrencies.

[jhonjhon]

No, bitcoin isn't the maximum version yet, bitcoin still has a lot of areas that need improvement. Bitcoin is not a perfect coin and as the technology advances improvements are necessary thus, we can expect that bitcoin is not exempted from these improvements.

[imstillthebest]

No, bitcoin isn't the maximum version yet, bitcoin still has a lot of areas that need improvement. Bitcoin is not a perfect coin and as the technology advances improvements are necessary thus, we can expect that bitcoin is not exempted from these improvements.

well for me btc is okay now and not need any improvement   . i like the way how it work ( up and down price  ) and in my mind , what if btc will improve i think this feature will also be gone  which i dont like to happen  . they can tweak other coins because there are so many coins on this crypto market  . its okay if they can fix or broke those coins because many people wouldnt care at all but bitcoin  , nah , its hard to mess with it because btc got alot of base users   .

[bitcoindusts]

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Bitcoin maybe popular but its technology is falling behind other altcoin so developer wanting Bitcoin to be competitive and at the same time address several issues regarding its transaction time and other stuff, so they intend to further develop Bitcoin.  If you have read the recent thread created by Jet Cash, you will see the possible update of Bitcoin.

[Easteregg69]

Stash that BTC and try some smartcontracts. Way more fun.

Throw some new money at it.

[turkandjaydee]

quantum computing is a threat to Bitcoin which the team may actually be working to make it quantum proof and because of there may be another fork in the future.

Based on this article, quantum computer wont be able to threat bitcoin network anytime soon. Although I didn't read all of the answers there, but I see that there are still many things that are full of obscurity.

So there is still a lot of time for bitcoin developers to prepare from this threat. I'm also wondering if every other miner is also using a quantum computer in the future so it's not possible anymore to threaten bitcoin network with 1 quantum computer. I'm not a bitcoin expert so I also want to know what do you guys think about this?

And also I just see there is a project called Quantum Resistant Ledger who try to resolve this quantum computer threat.

so, does it need development or not? i don't get it

Yes of course. Almost everything needs to be updated and follow the trend if it wants to keep gain interest from people and doesn't want to be abandoned. Except for fiat which is forced to be used by the government.

[salad daging]

As subject goes, is Bitcoin the maximum version?

Is it still possible to develop it?

or

Can we still expect better coin than Bitcoin?

Obviously not. Every technology does need a development otherwise it will be degenerated. There's no such perferct system or technology ever created because if there is then we don't need to invent things that is way more efficient. Bitcoin may seems efficient but it does need an improvement in terms of security, speed and more. I believe that Bitcoin is in development stage and it will always be.

as you mentioned, bitcoin still has a problem that needs to be refined, and it's not easy and has to go through consensus several times. No other coin has the same level and most of the popular altcoins have really become centralized and cannot be compared, other coins will remain alternatives that actively support bitcoin.

[worle1bm]

Most of the development is done already. But there will be developments in the future as the community and technology is ever changing. The miners are the ones who will vote for a decision by their power of mining. Don't think that any coin is completely developed, the team will always think of future plans on a coin and they'll be creating new versions.

The team? Which team? As far as I know bitcoin is open source and anyone can contribute to its development through GitHub. And it is wrong to assume bitcoin has been fully developed. There are lots of issues still to be addressed. Several people have tried to fork the main chain and presented their solutions to underlying problems with Satoshi's original chain but again the problem is consensus. Community is still stick with Satoshi's version of Bitcoin Core. But I believe a general consensus will develop very soon and we will see some other version of bitcoin taking over bitcoin core. It would be a doom day and could be very profitable for holders if the price of both currencies rise.

[pixie85]

Everything needs development. There are no things in this world that are finished and will never be changed.

Think of other great inventions like a telkephone, a computer, an aeroplane, they all change throught the years. Computer languages change, monitors change, everything get better as time goes by... or get's abandoned and forgotten like the telegraph

[Zionatin]

Everything eventually gets outdated and need to be kept up to date. Everything constantly approves as we come up with new ideas. New features may be added. Remember bitcoin is an open-source project and every one of us contribute towards its direction.

Everything needs development. There are no things in this world that are finished and will never be changed.

Think of other great inventions like a telkephone, a computer, an aeroplane, they all change throught the years. Computer languages change, monitors change, everything get better as time goes by... or get's abandoned and forgotten like the telegraph

Even people and animals/creatures upgrade. It's called evolution.

[Kevondo]

No, bitcoin isn't the maximum version yet, bitcoin still has a lot of areas that need improvement. Bitcoin is not a perfect coin and as the technology advances improvements are necessary thus, we can expect that bitcoin is not exempted from these improvements.

well for me btc is okay now and not need any improvement   . i like the way how it work ( up and down price  ) and in my mind , what if btc will improve i think this feature will also be gone  which i dont like to happen  . they can tweak other coins because there are so many coins on this crypto market  . its okay if they can fix or broke those coins because many people wouldnt care at all but bitcoin  , nah , its hard to mess with it because btc got alot of base users   .

I do not agree with your idea, everything needs improvement and developments with the passing time so is the case with Bitcoin. I am not saying that it is not standing at a stable or secure position, no doubt is it has touched the many steps of development and working as the king in crypt market. But development with time will bring more improvements and it will become more efficient.

[TheGreatPython]

Bitcoins were originated as an anonymous currency and we are not even aware about the main developer of bitcoins. Bitcoins have shown us immense growth from the date they were launched which has opened doors to profits for a lot of unemployed community. This serves them as a passive source of income.

Bitcoins might be having some disadvantages which might include their use in illegal firms, etc which would need to be changed in order to start accepting bitcoins on a larger scale globally, but excluding this I do not really need any more changes in the bitcoin networks. Bitcoins can be made more advanced with the newly emerging technologies but it might ruin the original caliber of bitcoins.

[alani123]

To say the technology of bitcoin doesn't need more development is in my opinion something that doesn't pay attention to the environment that bitcoin has to function within.

Bitcoin is considered stable right now, as a piece of software, in terms of functionality, network usage etc. Yes, those are fundamentals for any computer network and it's important that bitcoin's core aspects are fully functional without any major issues.

However, I think it's important to remember that bitcoin solved previously unsolved issues and also now poses as an alternative to FIAT. It created an entire alternative to the sector of finance by introducing the blockchain and allowing many innovations to be put in practice through it. To this day, bitcoin remains the most used cryptocurrency, but is this enough? Couldn't the project's scope be widened and core aspects improved?

There are limitations to how much bitcoin can be utilized and by how many people. Bitcoin Improvement Proposals go through a thorough process of checking to improve upon the solid foundations bitcoin has set, without disrupting existing functionality or endangering the robustness of the network and its technology. Improvements and further utilities are vital to making the technology more viable for new use cases, among new crowds etc.

Just to be more specific by providing an example: trustlessness and decentralization are great, but there are barriers to entry for every day transactions and real-world use. In such, people distressed by an oppressive government that inflates the currency might have a hard time utilizing bitcoin's virtues for their needs to survive like shopping groceries. Technologies like the lighting network build upon the bitcoin network's robustness and enable such use cases to become viable.

This is why we need to always keep improving on bitcoin and tools build upon it. Because people need it for what it was built. Digital cash without the potential of interference. Wouldn't you love to see BTC used more for purposes outside of speculation one day?

In other words and to summarize, the fundamentals bitcoin introduced are great. But we should never stop improving and expanding upon them with case so as not to damage the foundations.

[Linkkoin]

everything needs improvement and developments with the passing time so is the case with Bitcoin. I am not saying that it is not standing at a stable or secure position, no doubt is it has touched the many steps of development and working as the king in crypt market. But development with time will bring more improvements and it will become more efficient.

Especially if we are speaking about IT sphere - if you do not evolve/adjust/update/improve as the time goes by, it means the project is dead. Do we have things to improve? Of course, now LN is the most important element of the development, as we learnt in Dec 2017, that BTC transaction could take even 24 within its blockchain. Other features can be taken from other cryptos, like ETH (contracts, dapps).

The only feature which would be potentially harmful for BTC would be full privacy (like of privacy coins), as this would automatically cause a hostility from authorities and could lead to bans for BTC (as officials are too afraid of any sort of possibility allowing money laundering).

[Baoo]

To be honest, every technology needs a continued development and Bitcoin or blockchain in general is one of them otherwise this coin will disappear. Plus, it is fortunate that Bitcoin is a good progress despite many governments tried to destroy it through different ways but they did not succeed in achieving this goal until now due to Bitcoin is secure.
Also, I am pretty sure Bitcoin's era is going to stay in the market until all the countries will recognize it.

[Wintersoldier]

Everything needs development. There are no things in this world that are finished and will never be changed.

Think of other great inventions like a telkephone, a computer, an aeroplane, they all change throught the years. Computer languages change, monitors change, everything get better as time goes by... or get's abandoned and forgotten like the telegraph

I highly believe on the concept of database management that it is considerably easy to create a system or database, but what is difficult is to update and maintain the system or database that we have. Comparing this to bitcoin and cryptocurrency, even though bitcoin encounters difficulty in terms of upgrades mainly because of increasing number of people using it, it is not an exception that bitcoin will not be develop. As simple as inducing market adoption, it could already be considered development, as we all know, Bitcoin is very strict in terms of its protocol, so no one could basically alter it even if their purpose is good.