Grifter Posted December 25, 2017 #1 Posted December 25, 2017 For me i think Bitcoin has Limitations, First, it has a slow transaction confirmation, also accepted by only few merchants, and anonymity means it is often used on the dark web, most governments don't recognise it, and inability to comply with emerging regulations, and also lack of effective governance! Share your thoughts about this topic, if you agree or disagree with it, feel free to comment below....
Quyenoccho Posted December 25, 2017 #2 Posted December 25, 2017 sure, look at the unconfirmed now. so low transaction. i didnt use btc much . im using eth and doge coin to tranfer now. cause they make it fater
Kargai Posted December 25, 2017 #3 Posted December 25, 2017 i will repeat somethig I said in another thread but for me it's obvious that BTC will not be the coin we'll use at a global currency in the future. We all saw his current limitations, imagine when the world will use it, like 75x to 100x more people than actually. They can increase the blocks size to make things faster but more you increase it, more the network become centralize and you loose the main advantage of the decentralize coin. But BTC will be like gold. Gold is still a standard for lot of exchange in the world, gold still have a great value (even if fiat currencies don't have to refer to it since 1971). So my guess is : BTC will still increase his value over time but most of people will just hold their BTC to sell it when they will retire of to give to their child. Like gold today. For now merchants & co accept more bitcoin than any others because it's the first and it was the first to have a real value. Things will change in the future especially with all the projects who allow us to exchange cryptos easily between them.
skillex Posted December 25, 2017 #4 Posted December 25, 2017 11 hours ago, Grifter said: For me i think Bitcoin has Limitations, First, it has a slow transaction confirmation, also accepted by only few merchants, and anonymity means it is often used on the dark web, most governments don't recognise it, and inability to comply with emerging regulations, and also lack of effective governance! Share your thoughts about this topic, if you agree or disagree with it, feel free to comment below.... I agree also, for me the only thing that keeps the bitcoin survive for now and still has it value dominancy is because of its stopped-supply but still circulating and because its the pioneering crypto also that is first introduced to human, but as bitcoin also teach the human mind regarding crypto it also doesnt hide the fact it now needs a replacement on its flaws as its still not perfect crypto to be used in day to day transactions.We are an improving civilization and in technology everday so as the crypto or digital currency, we ought to search for the best always the one crypto that is really perfect for our taste.
Franchico03 Posted December 25, 2017 #5 Posted December 25, 2017 I think if everybody think about sell their bitcoin or try to get something "physical", buying with their bitcoins, won't be possible, because I trully think most of the price is about speculation, just my opinion anyway... Best wishes, Merry XMAS
wilberthh Posted December 25, 2017 #6 Posted December 25, 2017 Yeah... bitcoin is not as perfect as we think. It's just bitcoin is the father of cryptos, thats why people adores it more
barbaris Posted December 25, 2017 #7 Posted December 25, 2017 Yes, bitcoin is not perfect, but it was he who forced me to pay attention to the crypto currency and begin to earn. Bitcoin ceases to be anonymous because some exchangers when buying bitcoin require personal data and this I heard from many people. Perhaps these permanent forks and adjustments will make it ideal, fast and stable.
Ucrypto Posted January 2, 2018 #8 Posted January 2, 2018 On 25.12.2017 at 5:06 AM, Quyenoccho said: sure, look at the unconfirmed now. so low transaction. i didnt use btc much . im using eth and doge coin to tranfer now. cause they make it fater I agree. Eth+
bUZz Posted January 2, 2018 #9 Posted January 2, 2018 They need to improve the blockchain asap, because the fees are skyrocketing when there is a lot of transactions pending, and that's a turndown for the bitcoin market.
skillex Posted January 5, 2018 #10 Posted January 5, 2018 On 1/3/2018 at 12:35 AM, bUZz said: They need to improve the blockchain asap, because the fees are skyrocketing when there is a lot of transactions pending, and that's a turndown for the bitcoin market. yeah you're right it will be a major cause for Bitcoin to go down since people really need a fast in transaction type of coin and many altcoins are having that speed already.
ghadermoon Posted January 6, 2018 #11 Posted January 6, 2018 yes agreed. but befor it was faster than now
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