Post
Topic
Board Beginners & Help
Re: The good and bad of bitcoin
by
Tamilson
on 21/09/2018, 14:27:38 UTC
My issue with bitcoin is the scalability. Some days it takes ages to confirm transaction on bitcoin blockchain which is not too good as  at times breeds trouble between two parties who had a delayed confirmation. It is unacceptable that bitcoin blockchain confirms only 7 transactions per sec. The developers
 should do something about this issues or bitcoin very soon lose relevance among crypto circle.

This has been the problem of bitcoin ever since it became famous and lot of investors specially new whales got into it. The transactions became slower with high fees. But since bitcoin is the king and founder of all crypto, all of us just got used to it.

Transaction and high fees isn't a big problem anymore since the lighting network has been launched and blocks had been halve last year and the next halving will occur ETA May 21, 2020 so this shouldn't bother us.


My bad is that, any mistake made in transfer of coin, is as good as gone. That is why it takes me time to finally press the send button  Grin

Oh this, I feel you. Grin
Sometimes I'm paranoid in sending bitcoin to other address as I'm worried that I might wrongly send my bitcoin and so I'm checking it like more than 10 times. It's annoying.  Lips sealed