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Author Topic: What would you change about Bitcoin without compromising it's security  (Read 40 times)
Christopher336 (OP)
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Today at 09:58:24 AM
 #1

Bitcoin is valuable because of its security and transparency. But no technology is beyond improvement. Would you improve its transaction speed, reduce fees, enhance privacy, or leave it exactly as it is?
Dunamisx
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Today at 10:08:59 AM
 #2

Would you improve its transaction speed, reduce fees, enhance privacy, or leave it exactly as it is?

The transaction fee is still something affordable and I don't expect to see it people complain about when you can send as cheap as $0.2 or below, concerning the speed, it may not be the best but is still one of the most versatile network you can have a quicker confirmation for your transaction as long as you can increase your priority especially when mempool is less busy, you pay less and get confirmed quicker, while the privacy is left to us to go through the process to maximize what we wanted with Bitcoin, running a full node is one of the means.
uchegod-21
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Today at 10:54:04 AM
 #3

Bitcoin is valuable because of its security and transparency. But no technology is beyond improvement. Would you improve its transaction speed, reduce fees, enhance privacy, or leave it exactly as it is?
I am not a developer, nor am I a cryptographer, but if I have my way, I am going to make an improvement to Bitcoin's security to make it more resistant to quantum computing threats.

Yes, I know this is not an immediate threat, but the clock is ticking, and before we know it, we could already be facing those threats. I believe efforts are being made behind the scenes to address this threat before it becomes a reality, and that is good.

Any improvement to Bitcoin's security that can make it more resistant to quantum threats would be a great relief to Bitcoiners.

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Today at 11:05:38 AM
 #4

Bitcoin is valuable because of its security and transparency. But no technology is beyond improvement. Would you improve its transaction speed, reduce fees, enhance privacy, or leave it exactly as it is?

I wouldn't think of changing it because bitcoin is successful now because of what it is. if there has to be a change it's how we see bitcoin, because if we see it as something that can compete with quick payments then we are wrong, bitcoin is unique in its own way because even if it cannot beat that, bitcoin is still considered a store of value that could be an inflation killer, unlike fiat that is controlled by corrupt governments.

 
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