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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
JessicaSe
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July 08, 2016, 10:48:45 AM
 #2001

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.
I agree with you that the delay of transaction is not a problem for bitcoin but some of the users looking for this as a big problem because they want an instant transaction but that is impossible in online transaction it will required a validation/confirmation in every transaction made or to be made.
of course people complain at the speed of transactions confirmation on bitcoin because they think that speed pf transaction in bitcoin is very fast and instant, but once they try it they have to wait one confirmation to be able to use it of course it was a problem for them let alone to get 1 confirmation takes between 1-20 minutes maybe more

Sometimes it takes lot of time for the first confirmation, but once 1 confirmation is done then it will speed up the process, and for me maximum it takes 30 minutes and I am ok with it.
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blackmachinegun
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July 08, 2016, 01:24:00 PM
 #2002

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.
I think the level of patience everyone is different. possible confirmation time not so long if you're a patient, but if people are not patient and then he needs urgent transactions, I'm sure he would be very angry at a speed of bitcoin transactions Lol
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July 08, 2016, 02:30:21 PM
 #2003

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.
I think the level of patience everyone is different. possible confirmation time not so long if you're a patient, but if people are not patient and then he needs urgent transactions, I'm sure he would be very angry at a speed of bitcoin transactions Lol


Well I used to become patient as here in my country it is one of the needed things that a person must have.
That's why delayed transactions are not a problem to me. Because it just take a couple of minutes to become confirmed.

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agustina2
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July 08, 2016, 02:48:29 PM
 #2004

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.
I think the level of patience everyone is different. possible confirmation time not so long if you're a patient, but if people are not patient and then he needs urgent transactions, I'm sure he would be very angry at a speed of bitcoin transactions Lol


Well I used to become patient as here in my country it is one of the needed things that a person must have.
That's why delayed transactions are not a problem to me. Because it just take a couple of minutes to become confirmed.

And besides no sense for person to keep on whining if the confirmation time doesn't have reached for really a long time. Other people was crying even it's only hours of duration before their transactions confirmed.

Or better only cry if you know that your processed transaction must not goes in that long way.
LucioTan
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July 08, 2016, 02:57:05 PM
 #2005

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.
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July 08, 2016, 03:50:58 PM
 #2006

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.

Haha that is very true, but you already knew that upon signing their registration form.  On the transaction, you cannot revert it, once transaction is done and confirmed.  So basically finding that you were scammed after the transaction is confirmed is the most annoying part of bitcoin transaction. 


And besides no sense for person to keep on whining if the confirmation time doesn't have reached for really a long time. Other people was crying even it's only hours of duration before their transactions confirmed.

Or better only cry if you know that your processed transaction must not goes in that long way.

there is no sense but waiting for a very long time in a business world means million of dollar lost.  So basically this is the most annoying part of Bitcoin that the developer need to resolve as soon as possible.

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crairezx20
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July 08, 2016, 04:19:24 PM
 #2007

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.
Yeah right that is one the problem about bitcoin if you really want to protect your self from dealing someone choose trusted escrow..
And don't expect for cloud mining service that you can earn there they are just fake scammers they are just the same as any investment sites..
agustina2
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July 08, 2016, 04:35:04 PM
 #2008

there is no sense but waiting for a very long time in a business world means million of dollar lost.  So basically this is the most annoying part of Bitcoin that the developer need to resolve as soon as possible.

Only a retarded one will do a big transaction then will just put a small fee? Got my point?

If you will do such big transactions and want to make it quick then better put on some additional fees. Other people crying but when you look at their transactions, only involved less than 100k satoshis lol.
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July 08, 2016, 04:56:22 PM
 #2009

there is no sense but waiting for a very long time in a business world means million of dollar lost.  So basically this is the most annoying part of Bitcoin that the developer need to resolve as soon as possible.

Only a retarded one will do a big transaction then will just put a small fee? Got my point?

If you will do such big transactions and want to make it quick then better put on some additional fees. Other people crying but when you look at their transactions, only involved less than 100k satoshis lol.

True. your transaction fee effect so badly your transaction in both ways.
If you add low fee or normal fee for such an huge transaction then it will not reach for weeks or may be for months.
but if you add a good fee for big money transfer then it wont take more then some minute and will done very smoothly.
so these things should be considered.
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July 08, 2016, 05:32:51 PM
 #2010

there is no sense but waiting for a very long time in a business world means million of dollar lost.  So basically this is the most annoying part of Bitcoin that the developer need to resolve as soon as possible.

Only a retarded one will do a big transaction then will just put a small fee? Got my point?

If you will do such big transactions and want to make it quick then better put on some additional fees. Other people crying but when you look at their transactions, only involved less than 100k satoshis lol.

True. your transaction fee effect so badly your transaction in both ways.
If you add low fee or normal fee for such an huge transaction then it will not reach for weeks or may be for months.
but if you add a good fee for big money transfer then it wont take more then some minute and will done very smoothly.
so these things should be considered.
Yeah i experience that thing that if i pay for low fee the transaction it takes long time before you receive it unlike you pay for default and if you pay high enough fee for transaction sometimes you will receive it in few minutes..

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July 08, 2016, 06:32:48 PM
 #2011

So far I don't have a big problem in Bitcoins.  moreover, for sure as time pass by I'm not goonna have a problem with it do to its very cool to use it. Wink
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July 08, 2016, 06:44:36 PM
 #2012

So far I don't have a big problem in Bitcoins.  moreover, for sure as time pass by I'm not goonna have a problem with it do to its very cool to use it. Wink
Lucky you buddy,i wish i would not have any problems too Sad
My biggest problem with bitcoin is that i dont really know how to encourage my family to it,they dont believe i make pretty nice money thanks to it.
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July 08, 2016, 07:25:17 PM
 #2013

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.
I think the level of patience everyone is different. possible confirmation time not so long if you're a patient, but if people are not patient and then he needs urgent transactions, I'm sure he would be very angry at a speed of bitcoin transactions Lol


while thinking about one of my bank transaction, which took about 20 days, I think bitcoin transaction is much more faster , with that I really love the system of bitcoin, and I wish that we get a system with bitcoin that we never ever need banks for transacting our money and only use bitcoin for everywhere.
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July 08, 2016, 07:47:35 PM
 #2014

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.
Yes i think it's the big problem in bitcoin. I hope in the future someone is watching all transactions are done so that bitcoin users  can get help if they had been scam.

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July 08, 2016, 07:54:07 PM
 #2015

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.
Yes i think it's the big problem in bitcoin. I hope in the future someone is watching all transactions are done so that bitcoin users  can get help if they had been scam.

Scamming sometime seems to be a major part of the bitcoin scene, but believe me there is more to it. The only thing we need to do is to inform and protecties newbies more then we are doing now. They too are very valuable to this community.

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July 09, 2016, 12:00:27 AM
 #2016

Biggest problem? I don't have enough of it...i would love to have more and more bitcoins
I think if you use bitcoin transactions frequently or you're long in bitcoin. Surely you see there are some shortcomings that exist in bitcoin and I want to have a faster confirmation

Confirmation is no big deal for me, my confirmations are done in few minutes, the only problem for me at a moment is I cannot find any place where I can spend it.
yeah places to shop I thought about it. it seems we can not force traders to use payment with bitcoin. actually there are three options to resolve this problem The first convert bitcoin to fiat, both using bitcoin debit card, a third use aid between Coinbase and paypal

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July 09, 2016, 12:21:30 AM
 #2017

I do not have encounter any problems in bitcoin since i start to earn and to used it but all i can see the problem by eacg users is  the delay of confirming their transactions which is i think it is normal to have a delay in online transaction because there are more securities to ensure all transaction to be made is very secured.
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July 09, 2016, 04:02:49 AM
 #2018

I do not have encounter any problems in bitcoin since i start to earn and to used it but all i can see the problem by eacg users is  the delay of confirming their transactions which is i think it is normal to have a delay in online transaction because there are more securities to ensure all transaction to be made is very secured.

Long confirmation time is a recent phenomenon.
Once the block size debate is resolved, this should get resolved too.  Smiley
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July 09, 2016, 07:01:01 AM
 #2019

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.

But really, really you belived it was mining and a legitimate business. at the rate of 1300% / year it is impossible for anybody to pay such ammount of money to customers and still keep their share.
Just make the calculation, buy a graphic card, mine the most profitable coin and you'll see you'll be far from that profit margin. Miracles may exist but are very-very rare.
I also had some BTC in HashOcean, i "invested" there knowing that it is a scam. I lost it because I got greedy, I've reinvested Smiley
Some scams pay off, some don't. Every ponzi has some winners and a lot of loosers. In my country some 20+ years ago was a good scam, you got 8 times your money in 3 months. Alot of people got rich, 98% lost it all.

BUT to the topic, my biggest problem is with confirmation time. Internet buying is fine, but in real life it is impossible to use it, you cannot buy a coffee when confirmation time is 30 minutes +.

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July 09, 2016, 07:11:55 AM
 #2020

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.

My biggest problem is getting scammed. Me being an honest bitcoin trader and enthusiast have done all in my power to make a living off of it in the cleanest possible way.
But I've fallen into legal troubles more than once due to worthless shits charging back on transfers.
So yeah, that's the downfall to bitcoin.

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