Is Bitcoin changed after 10 years? Does it still have same benefits?

[coolcoinz]

Everything changes and so does Bitcoin. It is now different that when it was worth $500 of course. You feel that transactions became expensive because you measure them in usd.
IF your AD network OP paid you 0.1 BTC a month and you had to pay 0.001 BTC to send that transaction, it should be the same now, but it isn't. I'm sure when your employers saw that bitcoin increased in value 10x, they begun to pay you less and now you feel like you have to pay higher fee, but the fee is the same! You are earning less coins, so you feel like you have to pay more to process the transaction, but it's still that good old 0.001 BTC.

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[Bitcoin-Pro]

I hope the future will be better to boost adoption.

If bitcoin can't solve the problem of fees and transaction speed, I think it's very hard to be a currency.
You can't pay a $ 5 fee for an item worth $ 2, and because of the delays, if something goes wrong you may have to wait hours to solve it.

this is what changed actually.

few years ago i was buying PS4 games using Bitcoin. now i can't because of high fees.
recently i'm using Litecoin to buy PS4 games, and started to approve Litecoin on my sites which has cheap products, i don't mean Litecoin is better than Bitcoin, but for small purchases i see Litecoin is good currency.

[budi691]

if talking about changes in bitcoin, maybe bitcoin is still the same but the discussion here is the high cost of bitcoin transactions,
this will be difficult if Bitcoin is used as a means of payment,
if this continues maybe Bitcoin will only be an investment tool,
but if transactions are fast and low fees are not impossible Bitcoin will become a means of payment,

[erikoy]

Yes, it has changed and that many had adapted and do like bitcoin. Bitcoin for me is more like an asset like gold but it could also act as a digital currency all in one kind of thing bitcoin that bitcoin brings. Now, many people are using bitcoin and that explain the current market to it which surpassess 13K the biggest run so far in this year 2020. Not only that I can sense that bitcoin market price is still counting and that can probably broke another record for ATH that had happen way back on 2017.

[adzino]

Yeah, it has changed a lot. Especially the use cases. Back then the network wasn't under heavy load. The prices of bitcoin was low. The fee was also very low. Like just few cents. It could be easily used as a regular currency. You could make a payment and get your network confirmation with an average time of 10 minutes. But right now that is almost impossible. You will have to pay high fees or wait for hours when the network is underload.
Right now people uses bitcoin as a store of value. Though bitcoin still has the same benefits.

[AicecreaME]

Bitcoin is about 10 years old now, little more.
Question is, Is Bitcoin still usable after 10 years of creation ?

It's hard to count chickens when they are still eggs but if Bitcoin after 10 years still didn't reach its peak of pyramid (price limit) then I guess it's safe to assume that it's still usable and would give us 10x profits of what we're getting as of now.

Should we ask for update on Bitcoin to make it little more faster, and cheaper to use ?
I don't mean super fast, and super cheap, just to be like it was before..

There's nothing wrong about transaction fee in my opinion, of course it's just a simple demand and supply thing. The higher the price bitcoin will be, the highest transaction fee we'll pay with the most fastest transaction we could have. If I'm not mistaken, you could simply choose what transaction you'll be having, either with a mid range fee or high range fee, depends on how you urgently needed your money.

But just like what you have said, it's not necessarily recommended to use Bitcoin under a $100 transaction since you're worried wasting the transaction fee. Nonetheless, there's still a lot of cryptocurrencies out there in which requires only cheapest transaction fee like XRP.

[CryptopreneurBrainboss]

The changes are obvious and can be seen by all, bitcoin was built to conquer the finance Industry by been the go to currency for transparency and speed but it's begining to lose that tagged to other alternative currency coming into the space. It's very disappointing that the fees are discouraging users from engaging the bitcoin blockchain which is something the industry was not known for few years back.

What benefits are we to get from using bitcoin if we're been charged outrageously just as we were taxed with the fiat system.

Bitcoin is about 10 years old now, little more.
Question is, Is Bitcoin still usable after 10 years of creation ?

What's the usability based on? Irrespective of the high fees people are still willing to support the bitcoin blockchain which goes to show the believe and hope people have in the system.

[concept2]

To me, bitcoin is still useful. I cant find a better place to put my money in which is both safe and profitable. As far as I am concerned, bitcoin has changed a lot since it was created. First, its main purposes has been deteriorated. Satoshi wants people to see bitcoin as a currency. Right now, most of the people consider bitcoin as a safe, profitable haven, including me. However, I dont feel bad about it. At least bitcoin is recognized by the people and it does bring benefits to us

Moreover, it has made a revolution in digital currency, which creates many different altcoins which millions of shapes. Well, when gold was first found by human, it was believed to be a currency for trade. Right now, it is the most valuable asset. So, becoming an investing asset is not a bad idea though

[Bitcoin Smith]

In recent days bitcoin growth is like what we are expected while the price drops so this involved lots of different kinds of transaction people uses it for their urgent needs so they are paying higher fees for their transaction but still lots of people makes transaction for less amount of fees for transacting bitcoin.

[Ender19]

I would say the benefits have increased from the reasons already listed, but decreased since its now quite costly to use and slower due to network congestion.

[Oasisman]

Bitcoin is now mainly used for hedging and increasing wealth, in other words like a speculative asset, not so often to make day-to-day payments. We do have the Lightning network through which AFAIK the fees are minimal and tx speed is pretty much instant. I'm sure the congestion problems will be solved in some way eventually.

For some reason the lightning network hasn't been widely used as of now. I'm not sure but some says that LN was flawed, I don't know about it but thats what I've heard.
Actually, Bitcoin's scalability has always been the issue since, It didn't actually changed, but the fact that we have progress like the LN will give us hope in the future that this problem will be resolved.

[GeorgeJohn]

The answer to your question is very simple from my perspective, we get to know that the higher bitcoin the higher the charges and lower a btc the lower the charges, the benefit of bitcoin annually does not remain constant because of it's regulations in price because it's change's in price, the change's of it's price after 10 years just after the benefit just because of it's market liquidity or marketcap of bitcoin.

[Yatsan]

Change is very inevitable and anything that is existing in this world undergoes certain changes. Comparing 2014 to now which is already 2020 is now just a sense of long time memories for what have happened on the past years can or cannot be expected to happen as for now. The old times have past and we are now currently working on the present. On the old times, only few people are transacting and using Bitcoin compared to now that there are really lots which causes congestion on confirming transactions and causing high fees if you wanted to confirm your transaction in a short period of time. The price of Bitcoin have improved compared to old days so we can say Bitcoin has changed in a good way. The downside is just on fees and transaction time which is now manageable at this point of time. Bitcoin is still usable and many people are engaging because of its flexibility to be used.

[Hemady17]

It will change probably since there are always modifications in every coin. In fact, it had already updated when it comes to development, the lightning network. In ten years, we expect a more fast and low transaction fees in bitcoin. There are also plenty of people that will use bitcoin instead of paying in fiat currency. Who knows about future update? As long as we already knew about bitcoin, no matter what happens we are the winners of this coin.

[mangsitin]

yes, the development of bitcoin is getting better every day.  although bitcoin development is slow, and prefers stable.  but for me bitcoi is still good and useful.  profitable and become a priority asset for my financial investment.  I believe, bitcoin will make a happy ending.

[Latviand]

This has been the unfortunate part of bitcoin for the last couple years.  Keep in mind in 2014 there were a heck of a lot less people transacting with bitcoin, so the blockchain was much less bogged down.  I think any blockchain out there would have handled it relatively the same way.  I'm not sure how much SegWit did or will continue to help, but I do have hope for the lightning network.

We don't what will happen for the next few years because from the bitcoin itself, it is already volatile in the market.

So what will we expect from it? But above all, I'm still rooting for a positive run for bitcoin's existence.

We just need to deal with the bitcoin's up and down journey in the market.

[pinggoki]

To be honest no one knows what would be happen to the Bitcoin or to the cryptocurrency after 10 years but one thing is for sure there will be a lot of changes for the 10 year run of the Bitcoin. Nothing is permanent in this world and everyone or everything is changing day by day, this as goes with bitcoin it may change day by day in which it may be a good change or a bad. On the past 10 years bitcoin's initial price is just $.08 but compared now that it is going higher and higher. What I want to say is that there will be a lot of changes after the 10 years and maybe there will also a lot of changes when it comes to the benefits that is brought by bitcoin.

[Ayiranorea]

There is no difference, it functions same as the past. I'm not sure of its early days of usage. From the day I started using it, I find this to be same without much of difference. Only the changes taking place in terms of block confirmation. Maybe the same question will have different answers when discussed from the miners point of view.

[suzanne5223]

First of all, Bitcoin is even more usable after it 10years of creation which is the reason why theres increased in mining difficulty, increased in mempool size which directly leads to a hike in transaction fee and these are the challenges we'll experience since Bitcoin is going mainstream but the best thing you can do now that Bitcoin is going mainstream is increase the price of your service in other to fix the tx fee.