Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Munareal on March 16, 2018, 10:45:08 AM
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What are the limitations of bitcoin in your opinion.
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What are the limitations of bitcoin in your opinion.
The biggest limitation of Bitcoin is glaringly obvious, but I would like to provide some context first.
Bitcoin saw their first spectacular rise in and around Nov-Dec 2013 when it first reached 1000$. By the end of 2014, Bitcoin had stabilized and was trading at a comfortable 250–350$ range. This was also the period when people were becoming more and more interested and a buzz around Bitcoin was consuming a larger audience than it’s niche. Higher audience led to more scrutiny and experts looked under the hood of Bitcoin.
By 2015, Bitcoin wasn’t a niche anymore. Technical analysis revealed that Bitcoin was suffering from a massive scalibility problem. A problem none of the trading markets, stock managers or your portfolio handlers wanted you to know about, let alone worry about it.
Source - quora.com
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actually i dont see any limitation
it is decentralized
anyone can use it
so i think the limitation is not that much in bitcoin
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I guess the limitation of bitcoin is the transaction time, and the transaction fees. Bitcoin's blockchain overloads when there's a massive amounts of transactions going thus prolonging the normal time which is also quite long compared to other altcoins. Also the transaction fees, the higher the bitcoin's price, the higher the fees gets, which makes it inefficient on doing microtransactions .
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actually i dont see any limitation
it is decentralized
anyone can use it
so i think the limitation is not that much in bitcoin
i agree with you . why should have a limitation on bitcoin ???