lorylore
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Activity: 1470
Merit: 1002
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July 22, 2015, 12:06:40 PM |
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We have been kicking the can down the road for the past few years with these issues waiting for the second generation of bitcoin development which has solved many of these longstanding issues: Bitcoin is not safe enough for the average user
Change addresses. I guess it's unsolvable, but if only there could be a bitcoin which didn't require the use of a change address with transactions (i.e., unspent funds remain in original address). That problem has been solved too: You can obtain a new private key for your same address anytime you want to. How can you create a new private key for the same address? How is that possible  If new private key is generated does the old one still works same as the new? |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Josef27
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July 22, 2015, 12:28:04 PM |
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We have been kicking the can down the road for the past few years with these issues waiting for the second generation of bitcoin development which has solved many of these longstanding issues: Bitcoin is not safe enough for the average user
Change addresses. I guess it's unsolvable, but if only there could be a bitcoin which didn't require the use of a change address with transactions (i.e., unspent funds remain in original address). That problem has been solved too: You can obtain a new private key for your same address anytime you want to. How can you create a new private key for the same address? How is that possible If new private key is generated does the old one still works same as the new? Every address has it own private key. Generating a new one means new address, but you still have the current/private address' private key. Private key just work like a password or key to access the address. |
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bitcart
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Activity: 94
Merit: 10
www.bitcart.io
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July 22, 2015, 12:31:38 PM |
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Bitcoin as a technology and currency is fine (other than volatility for the latter). Any problems I've ever had were relate to the trading of this technology/currency which is a human problem more than anything.
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www.bitcart.ioBitcart - spend bitcoins online and save! Buy Amazon gift cards with bitcoin and save up to 20% off
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jt byte
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July 22, 2015, 12:45:05 PM |
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Bitcoin as a technology and currency is fine (other than volatility for the latter). Any problems I've ever had were relate to the trading of this technology/currency which is a human problem more than anything.
I like the bitcoin itself as a currency and their applied technology. It has it's ups and downs, its pros and cons but it is still good. |
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bitcart
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Activity: 94
Merit: 10
www.bitcart.io
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July 22, 2015, 12:48:18 PM |
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Bitcoin as a technology and currency is fine (other than volatility for the latter). Any problems I've ever had were relate to the trading of this technology/currency which is a human problem more than anything.
I like the bitcoin itself as a currency and their applied technology. It has it's ups and downs, its pros and cons but it is still good. Yeah I think as a technology it works great. I suppose you can't forget that bitcoin is like a pyramid scheme when you consider that the person who created it hoards so many coins. It's not developed to promote equality as in that sense the whole principle is violated. I think if a better crypto comes along in the future it will be built by the community and open source from the beginning without the whole secrecy of bitcoin's conception. That's how I sometimes feel about bitcoin anyway, it is still hoarded by the hands of a few similar to fiat. |
www.bitcart.ioBitcart - spend bitcoins online and save! Buy Amazon gift cards with bitcoin and save up to 20% off
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bobc1994
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July 22, 2015, 12:49:44 PM |
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For me the biggest problem with bitcoin is transaction time
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Josef27
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July 22, 2015, 01:06:50 PM |
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For me the biggest problem with bitcoin is transaction time
Oh yeah, I forget about that. It's painful to wait 10min - 1hour to get a confirmation, doesn't matter how much the fees |
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sipredrica (OP)
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Activity: 70
Merit: 10
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July 23, 2015, 08:07:04 AM |
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Thanks for Your Responses I Learned a Lot From The Response From People Here. But I Thinking That I Don't Know More About The Bitcoins. Is Bitcoins Can Be Reversible Like Paypal Funds Are Reversible. Is That happens With Bitcoins ??
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Lost Reputation upto 0.25 Btc from tomatocage . .
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Muhammed Zakir
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July 23, 2015, 09:23:44 AM |
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Thanks for Your Responses I Learned a Lot From The Response From People Here. But I Thinking That I Don't Know More About The Bitcoins. Is Bitcoins Can Be Reversible Like Paypal Funds Are Reversible. Is That happens With Bitcoins ??
No. Bitcoin transactions are irreversible. |
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jakenewman
Newbie
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Activity: 14
Merit: 0
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July 23, 2015, 01:53:51 PM |
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Never had any until the blockchain started work slowly. Sometimes it takes forever to get enough confirmations. And this is the main problem for now.
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jt byte
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July 23, 2015, 03:25:22 PM |
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Thanks for Your Responses I Learned a Lot From The Response From People Here. But I Thinking That I Don't Know More About The Bitcoins. Is Bitcoins Can Be Reversible Like Paypal Funds Are Reversible. Is That happens With Bitcoins ??
No. Bitcoin transactions are irreversible. I think it was a trick long before that if you sent by mistake to somebody and still the transaction has 0 confirmation i think it was something to solve this by getting back the money. Correct me if i am wrong. |
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zeraTunerse
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July 23, 2015, 03:32:57 PM |
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Those who don't understand its their problem, not ours. So we are here for our problems with bitcoins. The problem I experienced with bitcoin is sometimes it takes a huge time for the transaction to get confirmed and the other problem is that if I recommend my friends, they just ignore it. |
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Mickeyb
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July 23, 2015, 04:01:22 PM |
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How to secure your funds and how to spend them safely for the masses is the biggest problem in my opinion. Yes there is a Trezor out there, but device like this is very expensive for the masses and it is still not completely user friendly for non tech people.
People need something like pin less credit cards that are currently rolling out in the markets, where they will just take and touch a terminal with their card and pay safely and securely, eventually put a short pin number and that's it.
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jt byte
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July 23, 2015, 04:39:06 PM |
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Those who don't understand its their problem, not ours. So we are here for our problems with bitcoins. The problem I experienced with bitcoin is sometimes it takes a huge time for the transaction to get confirmed and the other problem is that if I recommend my friends, they just ignore it. They ignore it because the price of 1 Bitcoin is not the same as it was yesterday and will not be same tomorrow. That's why they will not like or will not join the bitcoin. And confirmation really suck sometimes. |
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smith coins
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July 23, 2015, 09:43:46 PM
Last edit: July 24, 2015, 01:50:12 PM by smith coins |
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The biggest problem is confirmation time, which sucks at stress test
Satoshi Nakamoto was so talented that he even solved the
problem of double spending of digital currency in his system.
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--Encrypted--
Copper Member
Legendary
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Activity: 924
Merit: 1007
hee-ho.
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July 23, 2015, 09:51:47 PM |
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The biggest problem is confirmation time, which sucks at stress test
I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005 |
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lorylore
Legendary
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Activity: 1470
Merit: 1002
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July 23, 2015, 09:54:17 PM |
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The biggest problem is confirmation time, which sucks at stress test
I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005 Well the fees are something that has become more and more strong to get fast confirmation. Try to set no fee and see if you get any confirmation it is very rare. |
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bitllionaire
Legendary
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Activity: 1120
Merit: 1000
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July 23, 2015, 11:18:14 PM |
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My biggest problem is that bitcoin is not as used as I would like
I'd like to use it in many sites and shops but I can't do it more than in a couple of sites
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Amph
Legendary
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Activity: 3206
Merit: 1069
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July 24, 2015, 07:11:45 AM |
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The biggest problem is confirmation time, which sucks at stress test
I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005 same thing, i think many are so greedy that they don't even want to pay the standard fee, result in complaining for slow confirmations, which isn't true the only time that i've experienced a slow confirmation was only because of low fee, ok there are exception with high fee, but those are isolated case |
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Mickeyb
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July 24, 2015, 07:15:09 AM |
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The biggest problem is confirmation time, which sucks at stress test
I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005 Even more. 0.0002 did it for me during the stress tests. Of course if you wanna make absolutely sure you set them to 0.0005. It's not an amazing difference for casual users, only few US cents more. |
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