Quote from: Kakmakr on July 29, 2018, 06:52:48 AM

Quote from: timerland on July 19, 2018, 11:19:30 PM

How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.

Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake. Wink

There's always room for improvement, and that is what bitcoin allows for itself. Sure, it may be a bit slow in regards to transactions, but at least it's secure. When the lightening network gets introduced then it will be next level transaction speed, and probably better than the other technologies offered by ripple and ethereum.

It's impossible for something so new to become obsolete so quickly. Especially if people are still pouring money into it and there is talk of formalizing it as an investment through an ETF. Bitcoin is just getting started. It may not be at the same level as other coins, but it has more attention, more investment, and therefore more potential to get ahead of those other coins.