thejaytiesto
Legendary
 Offline
Activity: 1358
Merit: 1014
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February 20, 2016, 02:39:19 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Laosai
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February 20, 2016, 02:44:34 PM |
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Greatest problem with btc is probably its community or/and the scammers.
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trickyriky
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February 20, 2016, 02:44:50 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ |
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srinikethan
Newbie
Offline
Activity: 42
Merit: 0
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February 20, 2016, 03:02:48 PM |
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Most people I know, want to invest in Bitcoins, hoping the price against say the USD appreciates significantly and they can make a profit from it.
They have no inkling on how to buy Bitcoins (despite how easy exchanges are making it to buy).
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Laosai
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February 20, 2016, 03:17:21 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) |
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trickyriky
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February 20, 2016, 03:50:23 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker  at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets |
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john2231
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February 20, 2016, 04:00:02 PM |
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My biggest problem about bitcoins is how to sell instantly or withdraw instantly here in my country We have withdrawal instantly using bitcoin but sometimes their site is not working the support always say they have a technical issue.. So i think this is my biggest problem because if had some emergency i need some money i want to withdraw it fast in our site and withdraw it via atm..
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Laosai
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February 20, 2016, 04:05:28 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! |
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trickyriky
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February 20, 2016, 04:08:54 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! solid state drives, they are a hell of a lot faster than standard hdds, but the price is not nice in england its about £35 for 120 gb which will run windows and a bitcoin node for a few months, but then will be full, 240gb ssd's are currently around £55 and may run a node for 12 - 24 months depending on blockchain bloat, i wish the chain could be pruned, but the reality is if the chain was pruned a lot of people will lose their coin |
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Laosai
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February 20, 2016, 04:17:44 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! solid state drives, they are a hell of a lot faster than standard hdds, but the price is not nice in england its about £35 for 120 gb which will run windows and a bitcoin node for a few months, but then will be full, 240gb ssd's are currently around £55 and may run a node for 12 - 24 months depending on blockchain bloat, i wish the chain could be pruned, but the reality is if the chain was pruned a lot of people will lose their coin Ok it means nodes need to have enough size to take the whole blockchain. Well seems 120 can be enough for a few years no? And 240 for even more when you see the current size of the blockchain. And the Lightning Network is here to replace it no? |
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trickyriky
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February 20, 2016, 04:24:22 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! solid state drives, they are a hell of a lot faster than standard hdds, but the price is not nice in england its about £35 for 120 gb which will run windows and a bitcoin node for a few months, but then will be full, 240gb ssd's are currently around £55 and may run a node for 12 - 24 months depending on blockchain bloat, i wish the chain could be pruned, but the reality is if the chain was pruned a lot of people will lose their coin Ok it means nodes need to have enough size to take the whole blockchain. Well seems 120 can be enough for a few years no? And 240 for even more when you see the current size of the blockchain. And the Lightning Network is here to replace it no? no not quite that simple mate, i have multiple nodes running on ssds, my smallest drive is populated to 85gb leaving me 30gb to play with, that 30 gb will not last long, just going off the last 12 - 24 months, im estimating my smallest drive will be full by july, but then i have a problem with re downloading the blockchain from scratch on a new drive, ppl are not going to want to mess about like this, when we have cash, trade and barter which is sooo much simpler  |
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mtnsaa
Legendary
Offline
Activity: 1568
Merit: 1000
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February 20, 2016, 05:13:19 PM |
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My biggest problem about bitcoins is how to sell instantly or withdraw instantly here in my country We have withdrawal instantly using bitcoin but sometimes their site is not working the support always say they have a technical issue.. So i think this is my biggest problem because if had some emergency i need some money i want to withdraw it fast in our site and withdraw it via atm..
Exactly, I don't mind that there's absolutely no user adoption in large numbers because frankly I gave that dream up many months ago, it's just not meant to hit the mainstream as a payment system. But as a storage of wealth and commodity it could be the very next thing to gold, it has proven its worth hundreds of times. However it's still a hassle to get and to sell without being scammed or asked for bank account numbers. The only thing I would use (I haven't but it's one of my only options) is localbitcoins.com. You can find a trader with more than 1000 transactions and more than 6 months and you can be sure they will do the job right. You will still lose money though since rates for respected traders are usually lower. |
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Laosai
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February 20, 2016, 07:20:19 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! solid state drives, they are a hell of a lot faster than standard hdds, but the price is not nice in england its about £35 for 120 gb which will run windows and a bitcoin node for a few months, but then will be full, 240gb ssd's are currently around £55 and may run a node for 12 - 24 months depending on blockchain bloat, i wish the chain could be pruned, but the reality is if the chain was pruned a lot of people will lose their coin Ok it means nodes need to have enough size to take the whole blockchain. Well seems 120 can be enough for a few years no? And 240 for even more when you see the current size of the blockchain. And the Lightning Network is here to replace it no? no not quite that simple mate, i have multiple nodes running on ssds, my smallest drive is populated to 85gb leaving me 30gb to play with, that 30 gb will not last long, just going off the last 12 - 24 months, im estimating my smallest drive will be full by july, but then i have a problem with re downloading the blockchain from scratch on a new drive, ppl are not going to want to mess about like this, when we have cash, trade and barter which is sooo much simpler Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network |
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trickyriky
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February 20, 2016, 07:34:18 PM |
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Right now the biggest problem I have with Bitcoin is all the wannabe developer teams trying to hard fork it, but other than that im pretty happy with the progress being made and I have high hopes that in a couple of years we will be laughing at all this drama and we will have a strong Bitcoin Core with the underlying LN layer competing with VISA and the other big volume mammoths.
LOL bitcoin is used by maybe 0.5% of the globe, as opposed to visa who are used by around 60% of the globe, please give iup the delusion, bitcoin has breen built to fail, enjoy our hobby while you still can, by 2021 it will no longer exist maybe even sooner with more adoption :/ Why would it fail? The number of users only goes up? It's normal for such system to take time to adop, the important thing is that it's more and more used that's all! =) hmm the fact bitcoin nodes no longer work from hdd's, and need expensive SSD's which have limited capacity then there is the size of the blockchain which grew 10 -15gb in the last 12 month alone, more adoption = more transactions which will equate to an exponentially bigger blockchain growth, it was built to fail, enjoy while you can, but pushing for more adoption will kill it quicker at the rate its going only centralised guberment data centers will be able to sustain the tech by 2021, and we will all be running multibit or brainwallets The size of the blochain is an interesting problem... Maybe it can be cut in half or something like that no? I don't know about the SSD's you're talking about though! solid state drives, they are a hell of a lot faster than standard hdds, but the price is not nice in england its about £35 for 120 gb which will run windows and a bitcoin node for a few months, but then will be full, 240gb ssd's are currently around £55 and may run a node for 12 - 24 months depending on blockchain bloat, i wish the chain could be pruned, but the reality is if the chain was pruned a lot of people will lose their coin Ok it means nodes need to have enough size to take the whole blockchain. Well seems 120 can be enough for a few years no? And 240 for even more when you see the current size of the blockchain. And the Lightning Network is here to replace it no? no not quite that simple mate, i have multiple nodes running on ssds, my smallest drive is populated to 85gb leaving me 30gb to play with, that 30 gb will not last long, just going off the last 12 - 24 months, im estimating my smallest drive will be full by july, but then i have a problem with re downloading the blockchain from scratch on a new drive, ppl are not going to want to mess about like this, when we have cash, trade and barter which is sooo much simpler Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network please excuse my ignorance but please could you elaborate on "incentived network" as im assuming your meaning something like the block rewards that bitcoin already has, which is creating the problem block by block :/ |
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Laosai
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February 20, 2016, 07:40:55 PM |
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Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network please excuse my ignorance but please could you elaborate on "incentived network" as im assuming your meaning something like the block rewards that bitcoin already has, which is creating the problem block by block :/ Ahah! Ignorance totally excused as I think you know more than I do ^^ No, I was talking about incentived nodes! It seems that Lightning Network includes fees for nodes in order to pay those who takes the time and ressources to maintain a node. |
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trickyriky
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February 20, 2016, 07:44:06 PM |
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Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network please excuse my ignorance but please could you elaborate on "incentived network" as im assuming your meaning something like the block rewards that bitcoin already has, which is creating the problem block by block :/ Ahah! Ignorance totally excused as I think you know more than I do ^^ No, I was talking about incentived nodes! It seems that Lightning Network includes fees for nodes in order to pay those who takes the time and ressources to maintain a node. ahhh that is actually something new to me, will have to have a read up, by any chance do you have a good source your willing to share please ? were all learning different things at different times, it always pays to share the knowledge |
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Laosai
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February 20, 2016, 08:24:21 PM |
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Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network please excuse my ignorance but please could you elaborate on "incentived network" as im assuming your meaning something like the block rewards that bitcoin already has, which is creating the problem block by block :/ Ahah! Ignorance totally excused as I think you know more than I do ^^ No, I was talking about incentived nodes! It seems that Lightning Network includes fees for nodes in order to pay those who takes the time and ressources to maintain a node. ahhh that is actually something new to me, will have to have a read up, by any chance do you have a good source your willing to share please ? were all learning different things at different times, it always pays to share the knowledge Of course! https://lightning.network/lightning-network-paper.pdfLightning network is a proposal in order to make btc scaling like Visa ^^ Not perfect but the proposal is interesting! |
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trickyriky
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February 20, 2016, 08:42:15 PM |
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Ok I understand. Well the fact is that this kind of problem would be totally erased by an incentived network please excuse my ignorance but please could you elaborate on "incentived network" as im assuming your meaning something like the block rewards that bitcoin already has, which is creating the problem block by block :/ Ahah! Ignorance totally excused as I think you know more than I do ^^ No, I was talking about incentived nodes! It seems that Lightning Network includes fees for nodes in order to pay those who takes the time and ressources to maintain a node. ahhh that is actually something new to me, will have to have a read up, by any chance do you have a good source your willing to share please ? were all learning different things at different times, it always pays to share the knowledge Of course! https://lightning.network/lightning-network-paper.pdfLightning network is a proposal in order to make btc scaling like Visa ^^ Not perfect but the proposal is interesting! thank you very much had a quick skim read, sounds complicated and a security risk to the coins from what i did read, will have to look deeper but i cant say im liking that idea personally it may be an option but it wouldnt be my choice from what i read so far :/ |
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reputedchain
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February 20, 2016, 08:47:30 PM |
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My biggest problem about bitcoins is how to sell instantly or withdraw instantly here in my country We have withdrawal instantly using bitcoin but sometimes their site is not working the support always say they have a technical issue.. So i think this is my biggest problem because if had some emergency i need some money i want to withdraw it fast in our site and withdraw it via atm..
Why don't you go with localbitcoins as it is fast and credits are instant, I am using it since last 1 year and I haven't seen any issue with that, as I can transfer my bitcoins to my bank account 24/7. |
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Laosai
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February 20, 2016, 08:51:01 PM |
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thank you very much had a quick skim read, sounds complicated and a security risk to the coins from what i did read, will have to look deeper but i cant say im liking that idea personally it may be an option but it wouldnt be my choice from what i read so far :/ Of course it's not perfect ^^ But security problems will be dealt with I hope. At least it's a good way to scale! And as the intro says, scaling the current number of Visa tx would need 800 GB blocks xD |
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