seems like bitcoin is too slow to progress

[btc_angela]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.   
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.   
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

It looks like you contradict yourself? why are you holding bitcoin in the first place? to make money or what? Defi? Bitcoin is the true "Decentralised Finance", and not Ethereum, in my opinion. What do you mean by the price goes according to s&p500? bitcoin market is stand alone and doesn't have any correlation to those traditional global markets.

[1715289927]

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[1715289927]

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[Debonaire217]

Bitcoin's progress for me isn't only depend on its price, but just like what OP indicated, development to new features especially the lightning network. But the question is for what? I see bitcoin transaction is already faster nowadays because of segwit and the transaction fees aren't that high at all. We are still continuously developing over time, but in terms of price, it's quite unpredictable as the demands of the people is the factor to this change. In comparison to another crypto, bitcoin is still the choice of many that is because it doesn't need to be perfect, maybe because bitcoin has something already proven to the public. For me, it is the reliability of the transaction, as well as bitcoin opening lots of opportunity for investment because of it's feature.

[StonerStanley]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.  
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.  
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

You sound like a typical beginner who gets hyped by altcoin advertisements and declares that Bitcoin is dead. This has been going on for a while, there are countless coins that claim to be Bitcoin killers, and there's a ton of coins that claim to be Ethereum killers. But guess what, Bitcoin is not only #1, but its dominance keeps growing, because smart investors understand that alts come with a big load of flaws and issues, that they solve problems that no one cares about, that they are insanely centralized.

So, go ahead and sell you BTC, but you will regret it later when alts will keep dying and underperforming while BTC reaches new highs.

Bitcoin is #1 only because of the media and the fact that if you want to buy altcoins then you need to use bitcoin for most of them. Also the support and number of tutorials available for the merchants.

Please, enumerate the flaws and problems your are talking about.

At the moment i think a lot of cryptocurrencies can surpass bitcoin in many ways.

[michellee]

It's obviously clear that bitcoin, defi, ethereum is different, and it's run on the different network too. We don't see fast progress from bitcoin now, especially in the price, but what progress you mean? If you don't like bitcoin, that will be okay, but I like bitcoin very much, and I am sure that people here will also like bitcoin, and they still trying to make more and more bitcoin from many ways. And the bitcoin price now is down, but the price will increase high in the future.

[witcher_sense]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.   
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.   
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

Bitcoin is the only truly decentralized cryptocurrency, you should learn more about such kind of systems in order to grasp why implementations there are happening very slowly and rarely. Do not confuse development with implementation, development is continuing on decentralized basis, everyone is free to contribute and propose anything that might work and may be useful for the network as a whole. But in order to implement something, it first needs to be tested very carefully, it needs to be approved by the most participants of the network, not only developers decide, but also miners, full nodes, users, etc. There are many contributors and developers in the bitcoin network, also young people like Gleb Naumenko who recently was awarded 100k grant from Bitmex https://blog.bitmex.com/bitcoin-developer-grant-provided-to-gleb-naumenko/

[Zackgeno96]

That is because bitcoin was created too early. 

What updates are you looking for?
It was almost made in perfection. The actual problem is the usage and not updates.
If merchants will just try to think out of the box with their payment option then you will see it everyday in stores just like VISA and Mastercard posted in their booths.

It's just a manner of time.

Today a lot of people actually know about bitcoin and that accepting it isn't a big hustle in it. But they are afraid of the volatility associated with bitcoin and also the transaction time involved. Most shop owners always double check the amount you paid to them if you pay them on PayPal. But this isn't the same with bitcoins, the funds actually take a lot of time to arrive. I guess shop owners can start accepting payments in other cryptocurrencies like ethereum because of less confirmation time and when the problem with bitcoin transactions is solved then they can also add bitcoins too.

[Latviand]

Well, I don't want to argue to you if that is what you want but honestly, I don't think we have to need it. What we have needed most by now is the support coming from the community. That be more helping and progressive.

Nothing is instant in this world, we need to help bitcoin to become more known in the community. Supporting it is not that hard, there are a lot of people who are using bitcoin right now, we just need to help it grow more and more. We should make a move in order to contribute on the progress of bitcoin.

Don't say that bitcoin is slow to progress if you're just sitting there and waiting for a miracle to happen. 

With a simple use of bitcoin in many transactions to promote its advantages, we can help each other advertise bitcoin in huge companies. In order to attain that progressive movement, we should always think of the things that might make bitcoin grow more, especially those factors that mostly affect its price.

[bitbunnny]

Honesty, I don't quite understand what do you mean when you say Bitcoin is slow to progress. Slow in price, technology, transactions or something else.
Bitcoin is based on quite advances technology although that doesn't mean there is no room for progress.
Price is defined by market and that can't be much influenced.
However, I think that some people looking for instant solutions but progress doesn't come over night. Maybe if the question was more elaborated it would have been easier to explain.

[Leviathan.007]

You are way too wrong my dear and you are doing a wrong comparison. Bitcoin is currently holding ~0.8t usd of the all financial markets and comparing to other markets such as stocks and property with much more older markets and more people and investors knowing about them Bitcoin is not progressing slowly at all.

the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges).

If you take a look in bitcoin's GitHub repository and check the "commits" part you will see the last changed made to the Bitcoin project and there is always at least 2-3 commits per day helping the project to increase the quality by the time. Also, you can choose to use the centralized exchanged they ask you the KYC or not. For me, Since I started using Bitcoin I never used centralized exchanges.

[hatshepsut93]

Please, enumerate the flaws and problems your are talking about.

At the moment i think a lot of cryptocurrencies can surpass bitcoin in many ways.

Most altcoins have inherently unsecure or centralized designs, like PoS, masternodes and big blocks; they have centralized ecosystems when developers can do whatever they want and community will always follow; almost every new altcoin is profit-driven; they are prone to hacking and critical bugs because they have little number of devs; their markets are heavily manipulated because there's very little activity, so it's hard to use them on practice as money; altcons lack adoption because the world doesn't care about the problems that they solve.

If a coin is fundamentally centralized, it doesn't matter if it surpasses Bitcoin.

[CarnagexD]

One would easily say that bitcoin is low to progress majorly because of the small Satoshi owned but in reality Bitcoin is main gem to hold on to for as a long possible without fear of totally lossing it value.

Bitcoin is the most popular cryptocurrency that a lot of people are using these past few years. For me, bitcoin is the basis of those altcoin when it comes to its value, and it is because bitcoin is the widely used asset in the market. Volatility of bitcoin can really varies in time and you need to deal with its value. That's the reason why other people say Bitcoin is much greater as a store of value than Gold depending on the time.

One should not be carried away with the speedy movements of alts cause quite a lot of them don't have future except for selected few.

Altcoins are really just an alternative source of profit and still bitcoin is the number 1 digital currency that is effective to use in many transactions. You should always prioritize the use of bitcoin, and always keep in mind its increase in price once it has an extreme spike in the market. Bitcoin truly has a great future when it comes to cryptocurrency adoption and popularity.

[davis196]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.  
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.  
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

Ethereum was far ahead with smart contracts and Dapps in the past.Now,ETH is far ahead with defi and yet it's still not the number 1 cryptocurrency in the world.There's might be something wrong with ethereum.
The crypto exchanges are centralized,but they have nothing to do with the structure of the Bitcoin Core blockchain.Lightning Network has nothing to do with the blockchain structure as well.
The upcoming Taproot and Schoor soft forks are some proof that the BTC core developers aren't sleeping.
Slower progress is better than fast progress,because the developers would make more mistakes,if they are forcing the speed of new implementations.

[Slow death]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.   
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.   
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

 

if you think bitcoin is not good for you then just ignore bitcoin and get on with your life. It makes no sense to make a comparison between bitcoin and other altcoins. there are thousands of altcoins just to offer choice options for people who like different things. There is one thing that you are also not taking into account that it is about decentralization that exists in bitcoin and that does not exist in most altcoins and that is a factor that makes many people use bitcoin. In altcoins we constantly see the owner of altcoin post something on twitter and altcoin goes up in price and there are times when the altcoin owner is simply traveling to all over the world and making empty promises

[DooMAD]

Patience is an important skill to learn in life.  I mean, honestly, what's the rush here?  Are you in a hurry for some fiat profits?  Sorry, but contrary to popular belief, that's not what Bitcoin was designed for.  I'm not a developer, but I think it's pretty safe to say that making short-term market gains to give you better ROI is definitely not one of the top priorities when it comes to development.  There are loftier goals in mind.  We're building something that will endure.  You can't rush that.

If your sole intent is speculation, then I can see why altcoins would hold a stronger appeal.  Just keep in mind that hype only lasts so long and most of them will disappear as quickly as they came.  People generally have short attention spans and novelty soon wears off.  Know when the time is right to sell and don't end up being a bagholder for dead coins that no one cares about anymore.  That's the risk you take when you try to keep up with the latest trends. 

Personally, I'd keep my focus what actually works and will continue to work because it is developed responsibly, for the right reasons, based on fundamental underlying principles that matter.

[creep1980]

thank you for your attention guys! I ve read the exact words I need about bitcoin!

[MCobian]

Nothing is perfect, neither is Bitcoin. If bitcoin is too slow to progress, not something that caused me to be leaving bitcoin.
Not without reason until now bitcoin has always dominated the market, even though many altcoins have more transactions
fast and cheap. But the demand for bitcoin is the highest compared to other coins. Many people believe in bitcoin because
it is fully decentralized. Until whenever I'm sure bitcoin will always be the best cryptocurrency. So I never hesitate for
investment in bitcoin.

[fabiorem]

Ethereum was far ahead with smart contracts and Dapps in the past.Now,ETH is far ahead with defi and yet it's still not the number 1 cryptocurrency in the world.There's might be something wrong with ethereum.

Its not slow and have plenty of development. And this is wrong for the hodl cult. You dont proper hodl if you can move the coins around.

None of the cryptocurrencies are really decentralized, even bitcoin. If you have 1% of the users holding 99% of the supply, then its not decentralized. And if you have whales manipulating the market, to accumulate even more, then you have increased centralization of supply. You can say the tech is decentralized, but if the supply is not, people will not use the tech.

The exchanges are to blame for it, as they allow the centralization of supply. A exchange with only 5btc in the last 24 hours dont have any issue when 100btc enter in just one account and burn the entire book. Its good for them, as they will get more money from fees, but this hurts the project, as a lot of people will have their money stolen, and many of them will not come back to bitcoin after the crash.

[serjent05]

ok, let's be more specific
Satoshi designed bitcoin as electronic money for all people, for their independence from governments

Probably you need to read this article:  Why was Bitcoin created?.  It was said that Satoshi Nakamoto wanted to create a trust-less cash system not to have independence from the government.

Now bitcoin is not money at all because of fees and velocity. No ideas how to correct this excepting lightning, which is close to fail.

It seems you do not understand what money is...

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

And bitcoin is actually controlled by centralised agents.

Err... isn't ETH is the one controlled by centralized agents?  They can easily fork and rewrite blockchain once the founder/creator decided that it should be done? 

[joinfree]

Well, there is not much that we can do to modify the bitcoin network looking at how robust it was designed. Currently, all eyes are on the developments of Lighting Network to accelerate the speed of confirming transactions on the bitcoin network. I would advise you to stick with Ethereum if you want to accelerate your transactions.

[Emitdama]

guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.   
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.   
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!

The thing is, all these altcoins were created after Bitcoin and as usual the last will always see the things that are not perfect with the first product and they will try to add more features.

I think that when Bitcoin was being created, the main thing they had in mind was just transaction and they were not really looking more into other features. Even though the transaction is a bit slow than others, there is still nothing wrong with it. Others were able to identify the few faults it had and then used it to perfect their own projects.