Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.
How can we change on a wide scale to not be dependent on banks for trading Bitcoin?
bitcoin is at a very early stage of its life , and it is not mass adopted yet. so you can not expect it to be completely independent of banking system. and if you want to stay clear of banking system you can buy bitcoin with cash, and this is exactly what you do when you want to buy anything else |
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do you honestly think that a programmer like satoshi who came up with the idea of bitcoin and made it happen, could lose his private keys because bitcoin was worthless back then!!!
i don't know how much longer you guys are going to compare bitcoin with a pump and dump altcoin.
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Because if he had used his huge stash of bitcoin, it would look like a huge premine (around 2 and 3% mined by him, the dev)
Also, the block rewards are supposed to distribute the bitcoin, and not centralize all the bitcoin mined in 1 person hands.
Therefore, i think Satoshi prefered to sacrifice those premined coins for the sake of a better distribution of coins.
i am sure that he is not going to use his large stack of bitcoin and that is not because of what you said. it is because he didn't create bitcoin to make a profit. you are comparing bitcoin to a random alt(copy)coin with a greedy dev. and premine is not what you think it is! |
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Can we actually see all the replies of a thread in one page??? Is this a new feature or what?
it was always a feature of this forum AFAIK. you just click on the "all" button at the end of the page numbers and you see all the replies. i think it only works for small number of pages, like this 10-20 pages. |
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the poll is doing great it shows a lot of what the current market is about, i was a bit surprise about a few options but i guess we don't have that much dark web market buyers here .
Speculation/Investment/Saving - 57 (36.3%)
Online shopping - 29 (18.5%)
Money transfer - 23 (14.6%)
i would like to see a boost on the money transfer % since the rush of the remittance industry is going up we will see more and more companies offering money transfer for low rates.
i personally would like to see the second option (online shopping) be the top choice one day. and the investment part becomes at least less attractive than really using bitcoin to shop. |
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here we go again...
someone trying to scare people...
many people will think "oh no all keys are hacked"
this was done last year, and the joke of the scare tactic is that the directory of addresses dont have matching privkeys beyond the first page. it's just an old april fools prank. so before everyone starts running for the hills, learn about this fake directory and relax and laugh.. your funds are not at risk
Thanks. I didn't really understand this post. But this is why I use complex passwords that would be more or less impossible for modern computers to brute force. Or at least I hope that is the case. the password that OP mentioned is the password used in making and address through brainwallet. you put a password, it turns it into private key and you can only remember that password. there is a lot of silly addresses with 123 like passwords that you can see many of them in the op |
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My grandmother and the neighbors next door would not use botcoin even if it was accepted everywhere. As long as dollars is also accepted they will not bother with bitcoin because of the perceived nerdiness needed to keep them secure. No normal person is likely to transfer wealth into a currency that they alone are supposed to find ways to keep safe on their own computers. That is just far too risky a proposition for most people. And the solution to that issue will be when the real breakthrough of bitcoin can happen.
old generation are usually resistant to accepting and using new technologies. they say we are too old to learn new stuff. My old neighbor might not even know what a smart phone is, but that doesn't mean that they are not going to be popular |
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there is a similar topic on this matter going on right now: https://bitcointalk.org/index.php?topic=1101336.0volatility is i think one of the most important things. especially when people plan to use it to store value. once that changes, it will give bitcoin a much higher market cap.
i agree, one of the biggest problems that keeps bitcoin from being mass adopted and be used as a payment method is volatile bitcoin price IMO. and until it is not solved, i don't think we can see a mass adoption anywhere. |
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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.
i agree that the biggest problem with bitcoin is the lack of adoption but the reason for that is not the lack of security. it can be one of many reasons but at least it is not the major reason. also like many others i think the long confirmation is a big issue that bitcoin needs to improve at. |
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you forget something really important. instead of shitty pump and dump altcoins, bitcoin has a real purpose. and it's being used to buy stuff, send money from a to b, store value and so on.
What the bitcoin fanatics are unable to comprehend is that bitcoin has never been about utility in legal commerce. Bitcoin was practical in the black market, because it offered a relativly anonymouse way to make quick payments. In legal commerce it's just too inconvinient to be used for regular customers. The only effect that adopting bitcoin payments had to retailers, was to get free press and to get new loyal customers among the bitcoin fanatics. Crypto has been about one thing and that is speculation. Those who are unable to see it, are unable to see though the BS that is being used to attract new greater fools. And bitcoin is currently a very unattractive speculation environment because too much speculator money is being siphoned out by the desperate miners whose "security contribution" is a joke. To add a bit, Every coin out there can serve the same exact purpose as Bitcoin. Bitcoin is no longer unique but since it was first, it has first mover advantage and network effect. there might be one or two coins that has the potential to serve the same purpose as bicoin, and most certainly not all of them, since 99% of them are all bad copies with fancy features. but they will not even come close to bicoin, because no one even cares about them as long as bitcoin is around and has bigger adoption and dedicated developers that any of them. |
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I think this is the first time since bitcoin was around where a country defaulted on a loan and shut the banks down keeping their people from their money.
This is the wakeup call to people everywhere that you need to be prepared by owning some gold, silver and of course bitcoin.
oh yeah I borrowed the link below from knight22 explaining our currency system and incidentally you will understand what just happened in Greece will eventually happen to every country.
as far as i know this is not the first time this happened. if i am not mistaken it was Cyprus that had somewhat similar situation, and their situation lead to the great price pump of bitcoin. |
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The moon? Not really lol just a little rise up and will soon be a nice drop down ready to rebuy back in. We are not going to be rich by buying a few coin and holding the expecting the price to "moooooon" to 'make us rich' forget the richness crap and hope it gets adopted the rest will follow.
i agree. it is soon to call it to the moon and start celebrating, but the price is looking to be increasing overall. the ups and downs has always been a part of the market, but the bigger picture is whats important |
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everything is showing an upward trend in bitcoin market, and yet i don't see any good reason why it should crash. at least not until it reaches a breakout point and a price like $1200 and then it might start falling back down.
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Buying low selling high, is a way to get a profit. Another one is to join campaign here in forums.
Buying low and selling high is one of best trading option but its need some patience and good amount of money other wise you can go more down because some time its take too much time Yes it take time to understand the concept at the beginning, and need some money to start. We can start with low amount of money but there will be no profit.(low profit) everybody has to start from somewhere. and investing is not gambling that you start big to win big. you have to start small and play around a little bit to learn first and keep your losses minimal then increase the investment amount. |
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Busy week for me so not much posting on the forums. Didn't earn much at all. But I'm excited to ride the markets this week looks promising at least.
this week all the markets is going to be super interesting only today the bitcoin price went up to $265 as i am writing this post. i guess the Greece news had the biggest impact on the market after a long period of stable price and a boring market we are going to see some action. |
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Currently i am using coinbase, many friends says that it is not safe as they store their btc in cloud.
But for me since now it is good, also 2FA is enable to protect every tx.
i have been using an online wallet (blockchain.info) for a long time, you can continue using coinbase too and you might never encounter any problem at all. but it is always safer to use a desktop wallet like Electrum for example. but if you do a little search, you can see that there are a lot of people that lost their bitcoin because of using online wallets. first understand the risks and then make your decision. |
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 the moon we can see, the rich we will be  don't be hasty. this was a nice rise and it is looking good. especially because of the recent news about Greece and their attention to bitcoin, which i think was a huge thing after a long time. but i think we have to see how the market reacts for a couple of more days to be able to predict any moon or even $300 in the upcoming month. |
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Since about January 2014 I didn't find myself doing this. It's just a natural impulse, I don't do it consciously, and I'm wondering if deep down my brain is finally hopeful again. Take that for speculation  actually i was thinking about finding or writing an aplication for my desktop using coindesk API to always have the price ready at hand  |
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the op title does not make sense, how the hell greece could trigger a crash in bitcoin, at best the contrary will happen, it's not like they were sitting on bitcoin since their crisis, and now they will sold those coins to regain their economy..
OP is trolling at its finest
that is exactly what i wanted to say. how can bitcoin crash because of Greece?!! Greeks are buying bitcoin with so much enthusiasm right now, as a result of incresed demand the price will rise, then others will join because they see movement while Greeks are still buying bitcoin. this is demand increased double time. |
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to be honest i didn't expect to see a nearly one month old post about what is going on right now.
i say that the recent rise to $260 was as the result of Greeks moving towards bitcoin.
but do you think that this is the start of the rally? and how high do you think it is going to go?
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