What is the Reason BTC must be so slow?

[Saltius]

Being slow is a cost for one kind of permissionless assets.

The most important scarce resource is legitimacy?  My ass!

[Ebede]

Being slow is a cost for one kind of permissionless assets.

The most important scarce resource is legitimacy?  My ass!

When you say Bitcoin is so slow what does it mean? Does it mean that Bitcoin price is getting slow or the transaction fee is getting so low too, because this have to be categories for we to understand the main point, like now I'm totally confused about the low and high of crypto currency at all, normal novice always ask questions.

[Ararbermas]

Btc and Eth is currently overloaded "i don't know if that's the correct term" but its the common reason why their transaction is very slow especially if you just put a small fees on it. If you want to avail smooth transaction mate such BNB and etc. Then set your fees in a high amount because that's the only way to have a smooth transaction.. I have tried actually and its so expensive. Lol so i decide to covert it first to other asset before sending to another wallet to lesser the fees.  I use XRP to XRP actually..

[Newlifebtc]

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

All those will be fixed with time,but also note that the awareness increases on the daily and a lot of people are using it now,since there are more patronizers or users now,one might be observing a little daily from time to time before it will be completely fixed

[Wind_FURY]

Yeah, I would agree with that. There's really the side effect of taking that quite high cost that needs to be incentivized for the sake of miners but it's exciting once it's go on full pos.

There are some people in Twitter that are complaining that the Ethereum code fork, the more centralized, Binance Smart Chain is currently having high fees in moments of high transaction volume. Plus there has to be some value to incentivize the authors of the blocks to keep everything in a closed loop and sustainable. Nothing can run for free. Few try to understand why Bitcoin works.

What's happening to Ethereum might happen for those chains that have also been having network issues. At first, they're good as an alternative.

But as the same as Ethereum when they get crowded and clogged, they'll also be experiencing the issue that have experienced by Ethereum and as well as bitcoin.

BUT Bitcoin has none of the risks of scaling in as long as the block size are capped, and regulated. How much would it cost in bandwidth, hard drive space does a user need to sync an Ethereum full node from scratch? It will obviously be more expensive than a Bitcoin full node.

[wiss19]

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

Even at that, I still think that a lot of people here will choose bitcoin over Binance. A high fees for transactions is something that we experience a lot of times in the cryptocurrency world, we have seen a lot of people try to come up with solutions as to how the problem solved, but nothing has really been done about it, except lightening network which nobody uses.

Compared to the coins that you have mentioned here, bitcoin has more usage when it comes to being used for transactions, that’s to show you how much that nobody cares about those coins.

[pawanjain]

Decreasing block time to get faster confirmations doesn't actually solve the problem. Drop the block time to 1 minute, and you now need 10 confirmations to be as secure as a transaction with 1 confirmation at the moment. That's why coins like Litecoin or Bcash might seem fast, but actually days to reach the same security that bitcoin does in 6 confirmations. Not to mention problems with higher rates of conflicting blocks, stale blocks, double spends, etc.

That seems weird because Solana has 0.4 seconds block time. Does it means it is less secure ?
I am not promoting any coin here but it's a genuine doubt.
I know that the number of confirmations needed would be more since the block timing would be less.
But how will it be "less secure" if the block timing is less ? I am not sure how secure Solana is 

[Flaytecnologia]

 Btc e atualizavel logo ficará rápido!

[o_e_l_e_o]

But how will it be "less secure" if the block timing is less ? I am not sure how secure Solana is

I have never heard of this altcoin before so cannot comment on specifics, but it is simple math.

The difficulty of bitcoin is set so on average we find a block every 10 minutes. Let's say (for simplicity's sake) we have 100 exahashes per second (EH/s) in total hashrate, and that is what we need to find a block every 10 minutes. This works out to 100 exahashes per second * 60 seconds * 10 minutes = 60,000 exahashes per block.

You now drop the difficulty so we find a block every minute. We still have 100 EH/s, but this now works out to 100 * 60 * 1 = 6,000 exahashes per block.

If you want to reach the same level of security as one old confirmation (i.e. 60,000 EH), then you will need 10 confirmations on your new chain.

[KryptoKings]

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

BTC transaction takes longer time if you sending with low fees. I have sent it from binance to exchange and it didn't take more than 5 mins.
Sometimes network congestion can also delay but it is still not more than 5-6 hours.
You can try Wbtc to send btc and again convert it to btc when you need.

[Kong Hey Pakboy]

I don't think Bitcoin is slow. Look at the charts and you will understand that the price rise is very rapid.

Maybe the reason that OP thinks that bitcoin is slow is because there were runs in the market where the increase only took days or within weeks but right now it feels like the prices are going slow in terms of going up in prices. I feel like it is slow for me but I think that it is a good thing because you have a bigger window of time to buy bitcoin at lower prices because it has been speculated that it will go up and you don't want to be missing if it ever happens.

[Chato1977]

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.

Slow? i did not notice as i send Bitcoin today.

Bnb and xrp Nice cheap and smooth.

Then Use those coin , no one is preventing you right?

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

You have too much complaints lol.

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

Have you seen Satoshi still active?

[Wind_FURY]

But how will it be "less secure" if the block timing is less ? I am not sure how secure Solana is

I have never heard of this altcoin before so cannot comment on specifics, but it is simple math.

It’s another shitcoin platform “secured” by Proof of Stake. Very flawed security assumptions.

What newbies don’t understand, and why they think Bitcoin is “slow”, is because it’s about the settlement assurances. One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.

[adzino]

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

Those coins that you are talking about are centralized and controlled by some people. BNB and XRP to be exact. They can change anything they want according to their own will. I have also heard that USDT is somewhat centralized and your wallet can be frozen.
BTC is completely decentralized. Slow confirmation and high fee mainly happens due to network being underload. By underload I mean high traffic. Block size r limited, hence the miners can't put in all transactions in one block. If you want to get your transaction included in the block, you will have to prioritize it by paying high fee. Now if you want to change the block size, you will have to change the protocol. Since it is decentralized just one person can't change it. A greater portion of people must agree to the change for this to happen.

[Marvelman]

Every old Will die one day.
Btc is old and btc funerals not far away.
Eth xrp Will replace btc I Think

Of course, we will all die at some point. Only Bitcoin, I believe, will outlive us both.
Of all the candidates, you choose those two? LOL, it will never happen!

[imstillthebest]

i dont feel a slowdown because i pay high for my fee .
 if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays  .
this two coins are not for you if your a perfectionist

[Kelvinid]

i dont feel a slowdown because i pay high for my fee .
 if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays  .
this two coins are not for you if your a perfectionist

If we take the highest priority, then we have to pay high as well.
But unfortunately, not all have the guts to pay $20 just to move Bitcoin that valued only at $50 or even $100 just like you. The fact that paying the minimum fee is still accepted, I'd rather have to choose it and I'm willing to wait until it confirms.

But OP what to have an instant confirmation which is not evident this time. Because even you pay beyond the minimum and take the highest priority it still takes a few minutes to confirm and the reason why? It is because the blockchain network is facing huge transaction demands and you are not the only person who did and pay high.

[imstillthebest]

i dont feel a slowdown because i pay high for my fee .
 if you feel a slowdown why dont you increase your fee the next time you send a btc . that should solve your problem but dont expect instant transfer just because your now paying high because btc is not xrp and other coins that dont have a problem when it comes to transfers . sending regular eth has an expensive fee not only for erc20 but when it comes to processing time eth also have delays  .
this two coins are not for you if your a perfectionist

If we take the highest priority, then we have to pay high as well.
But unfortunately, not all have the guts to pay $20 just to move Bitcoin that valued only at $50 or even $100 just like you. The fact that paying the minimum fee is still accepted, I'd rather have to choose it and I'm willing to wait until it confirms.

But OP what to have an instant confirmation which is not evident this time. Because even you pay beyond the minimum and take the highest priority it still takes a few minutes to confirm and the reason why? It is because the blockchain network is facing huge transaction demands and you are not the only person who did and pay high.

high priority isnt 20$ everytime and depending on the wallet provider the high prio fee can get lower than 20 $  .
im not willing to pay a high fee if im sending small amounts of btc because to me its not worthy but if in emergency situations and i need the money in a fast possible time i will take that .
 op is demanding and he wants other coin developer to comunicate with satoshi and fix this problem . thats a disrespect for a person that is peacefuly resting

[o_e_l_e_o]

One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.

Yup. I like showing newbies the site https://howmanyconfs.com, which shows just how insecure some altcoins can be. The next time someone speaks about how "fast" Bcash is, you can remind them it takes almost 300 Bcash confirmations over several days to be as secure as 6 bitcoin confirmations. Also explains why most altcoins have been successfully 51% attacked.

because btc is not xrp and other coins that dont have a problem when it comes to transfers

XRP and other centralized coins have huge problems when it comes to transactions. They trade security for their speed. Your transaction might be fast, but it can be censored or frozen at any time.

[Wind_FURY]

One confirmation in Bitcoin is worth more than the security assurances of ALL shitcoins.

Yup. I like showing newbies the site https://howmanyconfs.com, which shows just how insecure some altcoins can be. The next time someone speaks about how "fast" Bcash is, you can remind them it takes almost 300 Bcash confirmations over several days to be as secure as 6 bitcoin confirmations. Also explains why most altcoins have been successfully 51% attacked.

Plus shitcoins are OK to be 51% attacked because they don’t truly matter. They can surge back up in price and traded for profit, but not Bitcoin. Bitcoin is the leader, “the king”, if it is successfully 51% attacked, it will be a symbolic failure of the feasibilty of cryptocurrency as an alternative to traditional finance.