I think yes because bitcoin has lower transanctiom fees than banks. And you can easily send and receive bitcoin to one another. Bitcoin don't need many requirements amd has no age restriction. Bitcoin is very easy and comfortable to use. Bitcoin can't be robbed by simple people. It will require much knowledge about bitcoin.
I think bitcoin can not replace the banks as though a lot of convenience, but the banks are legally and get protection from the government so that the banks most legitimate. Almost impossible bitcoin could make banks disappear. |
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Well $800 is possible because now it increase so fast, but dunno if it will dump likewise
But since it hits $500, it will hits $600 soon, and even $1000 is possible if this will continue increasing so fast. But expect a dump also..
LOL it's purely a pumping scene. Be realistic. Just because we have a large pumping scene today it will just go easily to our desired price of $800 above. Yes it's possible but if we are to point to market related moves it will take some time to reached that breached. Are you new to this kind of price movement? Yeah its up to the top bitcoins price rising faster today and maybe if theirs No negative vibes will coming to its way we can see more price high and theirs no doubt we can see bitcoin goes to 800$ or even 1000$ by this july bitcoin is greatly trending now because of this halving event its already talk by many speculators inside and outside the furom. Yes it possible to reach the $ 800 price is now getting close now that bitcoin is often experienced price increases. Maybe I expect bitcoin the figure could reach between this year and next year. it is quite possible price went up from 450 to 540 and still holding above 520 which is good, so if this continue we can see 800 in next few months maybe Yes but it should take. Bitcoin might reach $ 800 if this year could not be able to be achieved next year. Growth was definitely bitcoin. Bitcoin circumstances and hopefully will continue to improve and evolve. |
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Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?
That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution  . IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide... Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact. If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet. That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe. We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain. if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self. Using both of them is the right thing, as banks are also important for us, we cannot depend only on bitcoin, as banks provides variety of benefits to its users. Yes we need both, and I think we really need. We need to keep bitcoin wallet we had, while we need the banks to save our money. |
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bitcoin is more profitable for me, with less fee and the growing price make me interesting to use it
Well that's what I like also with bitcoin being a decentralized crytocurrency the chances of it's price to high is very big. And I like also the faster transaction within the couple of minutes payments are already sent and received easily. Unlike in paypal, you need to have a confirmed account before to be able to send payments to other users. It is true that bitcoin easier than with paypal. Bitcoin offers many conveniences such as transactions, etc. that make us more comfortable to use. |
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Bitcoin can never be more than niche, due to its scaling issues. Transaction fees will escalate to make it impractical for all transactions less valuable than, say, a week's pay for a professional in a first-world country.
Bankers may use it as a settlement channel, or lend (pieces of paper redeemable for) it at fractional reserve. But there is absolutely NO way that bankers will not figure out how to profit from it.
Btc can evolve, and change.. I know it's hard to image with it's current state. The chance is really small that it can disappear and that is because there are many people that is using their own payment method so that will be not possible. Of course you see now that the Bitcoin will be more popular but it wont be that popular that it can disappear the banks. That will never happen. That bitcoin will not make banks disappear even though it was popular. Because banks get strong legal protection, so it will be dealing with the government. |
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What I like the best in Bitcoin is freedom of use,low fees of transactions and decentralization which give me access to all my funds around the clock from everywhere.These are some main things I like most over all Bitcoin is appreciable as whole because of its benefits and features.
Yes average we like is preferred by others as well. Because basically bitcoin could give us the advantage of the various facilities that exist in it. We can benefit from all the methods here from easiest to most difficult. |
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The first thing to teach someone about bitcoin is how someone can earn from it. ~
i think this is the wrong way of introducing bitcoin to someone, because bitcoin is supposed to be a currency so what you said here is like wanting to introduce dollar to someone and say you can earn money from it! Just tell him that with bitcoin we can get a lot of money in an easy way. Definitely if you do that they will be interested in bitcoin. |
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i will choose bitcoin because i use this to payment for bills and ofcourse my second choice is paypal , paypal is accepting more online stores and no.1 payment method for stores
So Basically you are using both. Paypal and bitcoin.. for me I prefer Bitcoin than paypal. I know paypal is a good source of payment but I feel more compatible with bitcoin. thats why I always try to pay in bitcoin anytime I need to buy something. and thanks to bitcoin lovers and developers we can pretty much buy everything with bitcoin nowadays. Absolutely I also chose bitcoin bitcoin because we can not only keep, but also looking for with ease. Bitcoin is also more suitable for us given the ease of payout. Unlike PayPal which requires having a credit card padalah not everyone has it. |
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i want to get alot of bitcoin and then start a business where i will accep bitcoin for purchasing and exchange.
To get lots of bitcoin you need to do lots of hard work and give lots of time first. without doing anything you can't earn lots of bitcoin. or you may buy lots of bitcoin if you have millions dollars. and starting a business also need to much efforts and hard work. so don't waste you time and start from now. Yes I think maybe we better work hard to get one bitcoin. There are many different methods to get bitcoin here and if we can master all sure we would be rich. |
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As the title say, what is the proper way to teach someone about what is Bitcoin?
Many ways to teach someone about "what is bitcoin". I suggest you to use the video, because the video bitcoin easier to understand. As I was used to seeing a lot of videos on youtube so i can understand "what is bitcoin". thank you But if we can explain it may well be better to explain in just because it is easy to understand. Indeed, the question of people who are not familiar bitcoin was often asked "what is bitcoin" if already know it will be easier for the introduction stage to the next. |
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Well $800 is possible because now it increase so fast, but dunno if it will dump likewise
But since it hits $500, it will hits $600 soon, and even $1000 is possible if this will continue increasing so fast. But expect a dump also..
LOL it's purely a pumping scene. Be realistic. Just because we have a large pumping scene today it will just go easily to our desired price of $800 above. Yes it's possible but if we are to point to market related moves it will take some time to reached that breached. Are you new to this kind of price movement? Yeah its up to the top bitcoins price rising faster today and maybe if theirs No negative vibes will coming to its way we can see more price high and theirs no doubt we can see bitcoin goes to 800$ or even 1000$ by this july bitcoin is greatly trending now because of this halving event its already talk by many speculators inside and outside the furom. Yes it possible to reach the $ 800 price is now getting close now that bitcoin is often experienced price increases. Maybe I expect bitcoin the figure could reach between this year and next year. |
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Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.
Yeah I agree, My bigger problem if my country does not allow bitcoin in circulation. Because as many criminals and those who are not responsible to use bitcoin for negative activities. And it's my biggest problem. thank you Yes maybe it is a very difficult problem. Because if the government declares illegal bitcoin is very difficult to use. So it is not even possible to use it. |
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My plan is to collect as much as I can till I am young, as I won't be having same energy to work after few years, this is time to earn and sell when price skyrockets.
Me too, this is my plan just as long as I can collect bitcoins. I will just continue collecting on it, and will hope for the price of bitcoin reach to $1,000 or even higher and higher. For sure it will make me rich if that happens in no time. Yup, this is the time to earn maximum bitcoins as possible, and we have great opportunities to earn in multiple ways so we should grab this opportunity. yes because bitcoin prices are rising sharply I think that we should not miss this opportunity to buy a lot bitcoin and you will get a profit in short-term. Yes true it can make us gain a small advantage and I often do that. But to be rich, we must strive to be able to collect a lot of bitcoin. |
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Another thing that I liked in Bitcoins, this is what I was getting money almost for nothing! Long ago, I collected Satoshi from faucets, I have not invested, but I pay extra little bit. I think this is very good for beginners. You can trade own small savings without the risk of being bankrupt. What I use to this day.
Faucets are good for the beginners or newbies. Since they are still in the stage of knowing about bitcoin and they can experience earning by just visiting those faucets and putting their wallet addresses on it. But of course by demand, they will not able to be contented on the amount they are going to earn with faucets. That's they would think to get into something get paid better. Yes faucet is good for beginners, but in my opinion it did not last long, because if people are familiar with such as the signature campaign will definitely leave a faucet for a more decent income. |
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My biggest problem with Bitcoin is that I don't have enough of it.  Seriously, the biggest problem, to my opinion, is that is still not legaly regulated in most countries so by using it you can easily get in dark area and tax or police authorities can get interested for you. That's not a problem no one will know how much bitcoin you are holding, and I also don't think that you need to pay any tax at this stage. Lol I think bitcoin not need the legality of the government or a state? bitcoin reflect as a freedom the government will not be able to interfere with or control the bitcoin? in my country banned because bitcoin dangerous and could be detrimental. but bitcoin thrives in my country? bitcoin does not need the legality But on others countries have a different situation, bitcoin is very difficulty to thrive in my country. to control bitcoin the government no need to legality but need the bank intervention to help the government to control bitcoin. Yes maybe in some countries it is difficult to use bitcoin as some countries proscribing so it is very difficult to access. And it is indeed a very big problem and to use must be approved in advance by the government. |
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Well $800 is possible because now it increase so fast, but dunno if it will dump likewise
But since it hits $500, it will hits $600 soon, and even $1000 is possible if this will continue increasing so fast. But expect a dump also..
Yes hopefully bitcoin will continue to evolve so that prices will continue to rise. I'm sure there will be bitcoin reach between $ 800 this year or tomorrow. |
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Yes I think if bitcoin will surely continue to grow famous.
Because if bitcoin developed I'm sure lots of people will use bitcoin so many people use it.
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If nothing supernature will happen, bitcoin is gonna be fine, price will increase every year and new people will come. Good future for bitcoin is already defined
I agree with it. Bitcoin is already defined to increase its value and nothings gonna stop it from doubling its price. The only things is Lets just pray that bitcoin will not collapse from its block or else altcoins like doge etherium litecoin will increase its value and replace the bitcoin its self. Etherium has halving on 2019. Yes if bitcoin developed and many people approaching bitcoin I think will not be destroyed and will have a good future. But I believe bitcoin will continue to grow and will continue to exist. |
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Okay, my biggest problem with btc is earning, it's so hard for me, i can't stop pausing my work and it's so bad for it. Also i can't stop gambling and wasting my money.
i suggest to you is be active in bitcointalk and join the signature campaigns and try to stop gambling, you will not become a rich in gambling, youre just wasting your own money, try to make business Absolutely might have to leave gambling and trying to use a signature campaign or other yag such as trade, investment, services, etc. Perhaps it could get much bitcoin and better. Gambling is just a game and do not rely on gambling to earn bitcoin. No problem berap in bitcoin. Perhaps the problem that I have ever experienced is about withdrawing funds from my wallet which stalled over many days. |
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I will choose for Bitcoin and that is because I personally like Bitcoin more and you also see now that it is becoming more used as a payment method so that is really nice for the future.
You see that even users from paypal are going to use Bitcoin so that is perfect for the currency also.
But on the eyes of paypal user , paypal is very kind payment method too, you can say that bitcoin more rather than PayPal because you was bitcoin user and don't give interested with PayPal anymore. But there are more paypal users are also trying to use bitcoin since they are still in the process of adoption and trial and error on bitcoin. And if they've been satisfied on using bitcoin, for sure they will shift to bitcoin. Yes indeed paypal already widely known than bitcoin, and they very rarely oarng who know bitcoin. If a lot of people who know for sure I believe bitcoin will pidah of paypal and using bitcoin. That can happen because the process of bitcoin better and faster than paypal. |
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