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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
mattiadeabtc
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August 20, 2015, 10:22:32 AM
 #401

my most 'big problem at the moment is the dump of the whales that make money, while many lose purchasing power.

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August 20, 2015, 10:37:16 AM
 #402

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.

Not have very much bitcoins is my biggest problem with bitcoin.
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August 20, 2015, 10:38:40 AM
 #403

The transaction confirmation time can sometimes be really annoying. Sometimes it doesn't confirm for hours...
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August 20, 2015, 11:05:03 AM
 #404

The transaction confirmation time can sometimes be really annoying. Sometimes it doesn't confirm for hours...

Make sure you add a sufficient fee then. 0.0001 isn't much at all.
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August 20, 2015, 05:12:16 PM
 #405

The transaction confirmation time can sometimes be really annoying. Sometimes it doesn't confirm for hours...
Or maybe you can do one thing,
Just make transaction fee per kilobytes from 10,000satoshi to 10,001satoshi and the transaction fee you will be paying will become more than most of the users on the network and it might increase your chances of getting quick confirmation.
Make sure you add a sufficient fee then. 0.0001 isn't much at all.

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August 20, 2015, 05:16:52 PM
 #406

another problem that i'm facing right now, is that there is no real consensus, if we can divide the comunity so easily..it's possible that a split like this can happen in the future and it can be more severe, imagines if instead of a two way split we get a 3 way or somethign worse...

whether you mean now is bitcoin xt ?
This has been contentious consensus. and that's fine. We have a large number of passionate, intelligent developers and entrepreneurs coming at these issues from different perspectives with different interests.
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August 21, 2015, 11:44:28 AM
 #407

My biggest problem is that there is too little places to spend it. I would like to have more options where to pay and purchase. Hope it will improve.

Are you for real? There are tons ways to spend your bitcoin if you got many bitcoin, see goods tabs https://bitcointalk.org/index.php?board=51.0 or you can also check gambling tab https://bitcointalk.org/index.php?board=56.0. Try to spend your bitcoin there
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August 21, 2015, 12:22:21 PM
 #408

I have a few problems with bitcoin.
In my country there are only a few places where you can buy or spend bitcoin.
I can't report earnings from bitcoin to the tax authorities, they still did not anticipate such earnings in their respective taxation laws Smiley
Recently, we got first bitcoin ATM in the country, but this is not enough, of course.
I had to wait for the last transaction confirmation a few hours.


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August 21, 2015, 12:43:21 PM
 #409

My problem is that I can't spend it POS style. I can't walk down to my local coffee shop and spend a few to get a product in return. Right now it's possible through services and such to buy most everything that's on the internet with bitcoin, but real-world transactions are a hurdle I can't cross with those services.
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August 21, 2015, 12:45:43 PM
 #410

The transaction confirmation time can sometimes be really annoying. Sometimes it doesn't confirm for hours...
Actually its still better than transferring money with our banks if we want to do international transaction Smiley

My biggest problem is that there is too little places to spend it. I would like to have more options where to pay and purchase. Hope it will improve.

Are you for real? There are tons ways to spend your bitcoin if you got many bitcoin, see goods tabs https://bitcointalk.org/index.php?board=51.0 or you can also check gambling tab https://bitcointalk.org/index.php?board=56.0. Try to spend your bitcoin there

Maybe he means there is no place in his city that accepting btc so far. About gambling, I hope it wont be another problem for him if he lose Grin Gambling is fun, but we should know our limit Wink

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August 21, 2015, 12:46:51 PM
 #411

I have a few problems with bitcoin.
In my country there are only a few places where you can buy or spend bitcoin.
I can't report earnings from bitcoin to the tax authorities, they still did not anticipate such earnings in their respective taxation laws Smiley
Recently, we got first bitcoin ATM in the country, but this is not enough, of course.
I had to wait for the last transaction confirmation a few hours.


Hey, everybody has to wait for the confirmation of transaction, so it's not a big problem.

As Bitcoin is not widely accepted in your country then you can use bitcoins online to buy the goods you want.
There are many websites which give us function to choose to pay in Bitcoin and there also are sites like purse.io through which you can buy goods from Amazon and Newegg offers fully Bitcoin interface and their user reviews are also good.

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August 21, 2015, 12:48:11 PM
 #412

All the manipulating to make a profit
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August 21, 2015, 12:51:15 PM
 #413

My biggest problems:

1. It cannot be mined by a normal user with just CPU (and I missed those day, sigh...)  -- I should not complain, but since you asked...

2. It doesn't evolve, it's not fixing its new problems (the software should not allow a miner get the founder fee if it doesn't process most possible transactions too).

3. I don't have enough Bitcoin Smiley

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August 21, 2015, 12:57:12 PM
 #414

My three biggest problems are:

1. Never got enough BTC.
2. Never got enough BTC.
3. Never got enough BTC.

 Grin



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August 21, 2015, 03:56:13 PM
 #415

Hey, everybody has to wait for the confirmation of transaction, so it's not a big problem.

As Bitcoin is not widely accepted in your country then you can use bitcoins online to buy the goods you want.
There are many websites which give us function to choose to pay in Bitcoin and there also are sites like purse.io through which you can buy goods from Amazon and Newegg offers fully Bitcoin interface and their user reviews are also good.
Its not that easy, although we could buy the goods from websites. It depends on what country we are living, so if the distance is very far, then we have to pay high shipping cost for that. It will be easier if we exchange our bitcoin to fiat, then find the goods we want and buy that directly instead of waiting the goods delivery and paying extra charge for shipment.

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August 21, 2015, 04:17:20 PM
 #416

Hey, everybody has to wait for the confirmation of transaction, so it's not a big problem.

As Bitcoin is not widely accepted in your country then you can use bitcoins online to buy the goods you want.
There are many websites which give us function to choose to pay in Bitcoin and there also are sites like purse.io through which you can buy goods from Amazon and Newegg offers fully Bitcoin interface and their user reviews are also good.
Its not that easy, although we could buy the goods from websites. It depends on what country we are living, so if the distance is very far, then we have to pay high shipping cost for that. It will be easier if we exchange our bitcoin to fiat, then find the goods we want and buy that directly instead of waiting the goods delivery and paying extra charge for shipment.

I dont think that way, most of them buy it online because they didnt have time to go there to get the items. Lets say you live far, at least they must have people that selling the items near your country so it will cost cheaper. This online site will make us buy things easily from them just add some cost, it will ship right away to you and now you using bitcoin I think it is much more easier
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August 21, 2015, 05:56:47 PM
 #417

For me the biggest problem with bitcoin is transaction time
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August 21, 2015, 06:09:17 PM
 #418

2. It doesn't evolve, it's not fixing its new problems (the software should not allow a miner get the founder fee if it doesn't process most possible transactions too).

Things don't evolve over night. Bitcoin can adapt and evolve if need be but there's no reason to do so yet other than the block size debate.

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August 21, 2015, 10:40:35 PM
 #419

For me the biggest problem with bitcoin is transaction time
If you're dealing with small amounts or dealing with someone in person, accepting a zero confirmation transaction is secure enough
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August 22, 2015, 06:43:16 AM
 #420

For me the biggest problem with bitcoin is transaction time
If you're dealing with small amounts or dealing with someone in person, accepting a zero confirmation transaction is secure enough
hmmmm, and wait for much much more time for the confirmation of transaction and maybe no pool will prosess it because of such low priority.
Try this at your own risk.
There is no big deal paying some transaction fee every time we send transactions because the transaction fee can be earned back by facuets in some time.

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