What Does Bitcoin Need?

[Daniel91]

I think that Bitcoin need more support from bitcoin community.
We have to promote BTC more to the people around us, specially to businesses.
Otherwise, growth of BTC will not be fast as we expect (or desire).

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[ChuckBuck]

What does Bitcoin need?

EASY.  It needs a "Killer App".

Microsoft had Windows, Apple had the IPhone, Google had search, and Facebook had their social media website.

None of these were the first of their kind.  There were GUI OSes before MS Windows 95, touchscreen phones before the first Iphone, hundreds of search engines before Google, many many social media sites like Friendster, Xanga, Myspace before Facebook ever launched.

What all these tech giants had in common was they perfected it.

Bitcoin isn't a company I know, but once the developers, inventors, investors, programmers all come together and build an application or tool to use Bitcoin's underlying tech that the masses can't be without, then that is when the world will know and find a need for it.

No "Killer App" yet for Bitcoin.  You'll know when it's here.

[Coinapult]

What it also needs:


1) Less volatility.  If you want Grandma and Grampa to adopt it or Average Joe.  They are not going to transfer their funds to Bitcoin from CHQ/SAV and look at the ticker every hour and worry about losing on a dump.
2) More consumers.  Getting merchants means nothing at this point now.  We have major companies accepting but nobody spending.
3) Ease of use.
4) Make it worth while and advantageous compared to Fiat or CC.  Offer discounts... rewards.  Otherwise they ain't switching.


Start there.

We completely agree. That's why we developed 'Locks' to help more of the general public into Bitcoin
https://medium.com/@Coinapult/send-receive-lock-fa58069d70fe

[bornil267645]

It needs more and more new investments.

[jeffersonian2012]

It needs to be simpler to get into. I remember when I first looked into Bitcoin it took me awhile to figure it out. The wallets were confusing to me and I didn't really understand how it all worked. For the average Joe looking at Bitcoin, it can seem very complicated so they just walk away from it.

[bitllionaire]

It needs to be simpler to get into. I remember when I first looked into Bitcoin it took me awhile to figure it out. The wallets were confusing to me and I didn't really understand how it all worked. For the average Joe looking at Bitcoin, it can seem very complicated so they just walk away from it.

well, it depends on what you choose
there are some really simple wallets

[keithers]

Lately it seems to need another willy bot lol...j k

[Q7]

What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?

In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)

Swipe and go. That will really make whole lot of difference in terms of retail acceptance. If possible give an assurance that transaction will go and finalized through with just one single confirmation

[Stedsm]

What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?

In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)

Remote destruction by self if stolen. 

So you lose all hope of getting bitcoin back, ever? Bad idea.

[Stedsm]

What are some features that bitcoin (and it's wallets) needs to implement to make it a viable alternative to fiat/credit cards?

In my opinion some new features could be:
- Lower transaction times (not necessary but would be awesome if they were lowered)
- High security (somehow, possibly a wallet would have to implement a way for consumers to EASILY secure their bitcoins themselves)

Swipe and go. That will really make whole lot of difference in terms of retail acceptance. If possible give an assurance that transaction will go and finalized through with just one single confirmation

I think a card known as Xapo does that for you. Never tried it out though.

[Stedsm]

It needs more and more new investments.

Wait until the 'big' traders from Wall Street get wind of bitcoin and its easily manipulated markets

[cbeast]

Trezor is a great proof of concept. Someone needs to buy them out and build military grade devices with full bitcoin functionality and also special use wallets. The math is secure but our devices are not.

[mindrust]

It needs a good spanking.

[gogxmagog]

I've been wondering lately, what the market decides... Maybe the novelty has worn thin, the security issue, the app, some disastrous turns in world economies, I mean, worse than now... Many things have to come together, and maybe a low stable price is good.
There's no song and dance. It's tech and finance and economics. If you aren't interested, you just ain't interested. Doesn't mean you won't use it, you just don't need to know. The killer app will seduce that consumer. BTC should go more "under the radar" and figure out a way for people to use it without realizing it. Safe and easy.

[Stedsm]

I've been wondering lately, what the market decides... Maybe the novelty has worn thin, the security issue, the app, some disastrous turns in world economies, I mean, worse than now... Many things have to come together, and maybe a low stable price is good.
There's no song and dance. It's tech and finance and economics. If you aren't interested, you just ain't interested. Doesn't mean you won't use it, you just don't need to know. The killer app will seduce that consumer. BTC should go more "under the radar" and figure out a way for people to use it without realizing it. Safe and easy.

I think currently, there is no need for bitcoin in day to day lives of average people.

[Stedsm]

Trezor is a great proof of concept. Someone needs to buy them out and build military grade devices with full bitcoin functionality and also special use wallets. The math is secure but our devices are not.

I recently got one, they are incredible!

But once again to average users they look difficult to grasp and use.

[Stedsm]

1. Faster confirmation & less tx fee
2. Bigger user
3. More bitcoin service

And anonymous is important too 

"And anonymous is important too  "

Check out bitmixer.io if you're very interested in remaining anonymous!

[jonald_fyookball]

The "faster confirmation time" has been discussed a lot
(mostly by noobs).

It's not really necessary.  Most small transactions are
fine with 0 confirmations which takes seconds.
Larger transactions will be just as secure with 1 confirmation as
if you had 10 confirmations with a 1 minute blocktime.

The only advantage faster confirmation would provide
would be the difference between 0 and 1 confirmations
on medium sized transactions, but the trade off is
more orphaned blocks.

I don't see Bitcoin changing the confirmation time
anytime soon.

[ikydesu]

It needs a good spanking.

LOL
spanking till to the moon

The "faster confirmation time" has been discussed a lot
(mostly by noobs).

It's not really necessary.  Most small transactions are
fine with 0 confirmations which takes seconds.
Larger transactions will be just as secure with 1 confirmation as
if you had 10 confirmations with a 1 minute blocktime.

Yes that's right.
and that's natural, for your security too.

[RonPaulBTC]

It needs easier way to buy them, atm machines are a pita.