Instant Bitcoin

[wallet4bitcoin]

This is an aged discussion about the scalability of Bitcoin. For me it is possible as we already have a lot of new cryptocurrencies that are extremely fast transactions and cheap transaction fees. But most of the common issues from them is decentralization, which Bitcoin has. Some projects discussion and challenge are the decentralization,  you manage to solve the scalability but the decentralization?

The talks about the security across blockchain is only undisputed when it comes to Bitcoin, other blockchains are being perceived not to be totally possessing' the features of a blockchain. As much as alternative chains present themselves to solve the challenges associated with scalability, concerns have been expressed over the true nature of their acclaimed decentralization. I totally agree with the point said about other blockchains not being truly decentralized.

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[kentrolla]

Aren't you aware that there are lot of identical coins as Bitcoin but that doesn't equate the coins to Bitcoin as you have mentioned that speed is the only problem with Bitcoin and the same has been sorted in this new coin? are you aware that with your statement you are saying that this new coin is better than Bitcoin ? Man, just speed is not everything and there are coins like Litecoin which had lightening speed at the days when speed was the issue and even tried competing with Bitcoin but failed and people hardly remember Litecoin, Speed is just a part of it but not everything and there couldn't be any replica of Bitcoin with the same level of security and userbase.

[oktana]

Let’s start with the fact that Bitcoin wasn’t created to be the fastest mode of payment. If that was what Satoshi wanted to achieve, with such innovation we are enjoying from them, they could have done it. Bitcoin was created to give us direct access to your funds, privacy, security, etc. and being the first cryptocurrency to do that, it is almost impossible to compete with it. We’ve seen really faster blockchains, but the value difference between Bitcoin and those blockchains still differs in a way that tells that Bitcoin is more than just speed.