Quote from: domari on January 11, 2018, 09:23:25 PM

Quote from: g2com on November 30, 2016, 10:39:07 AM

What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved Wink

The weakness of bitcoin now is too much of the cost required for delivery. And the tightness of bitcoin transactions these days makes this takes a long time of confirmation.

We know Ether as the second most capitalized cryptocurrency and all along it's transaction fee and confirmation time have been impressive, but presently as its demand and adoption have soured, we have started to see that high cost of transactions and delays isn't something unique to Bitcoin. It happened to become quite pronounced with Bitcoin only because it's the flagship cryptocurrency but apparently that's the lot that awaits all cryptocurrencies especially as they became more popular. At any rate, efforts are being channelled to arrest the ugly situation and it's hoped that Lightening Network would be able to do a good job at that.

For. now what I can say is the disadvantage of Bitcoin is that it takes an institution or having a deep pocket to be able to mine it and that could lead to centralization.