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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
PAKYU
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November 18, 2015, 02:13:17 PM
 #661

My biggest problem is how to explain bitcoin easily to my friends.
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goinmerry
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November 30, 2015, 04:11:52 PM
 #662

My biggest problem is how to explain bitcoin easily to my friends.

One of my problem too. I want to drag them in this virtual currency but it is really hard to explain in it to them. It is like it is all brand new to them. Not even a little knowledge in it.
You spotted that right in bulls eye. How can we explain it easily.
2double0
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December 07, 2015, 02:54:15 PM
 #663

My biggest problem is how to explain bitcoin easily to my friends.

One of my problem too. I want to drag them in this virtual currency but it is really hard to explain in it to them. It is like it is all brand new to them. Not even a little knowledge in it.
You spotted that right in bulls eye. How can we explain it easily.

If you want many explanations about Bitcoins, I would suggest you to go here: https://bitcointalk.org/index.php?topic=1261106.0
You will get many things being known about Bitcoins, so choose your own alternative and explain it that way. Wink
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December 07, 2015, 02:58:58 PM
 #664

My biggest problem is how to explain bitcoin easily to my friends.

One of my problem too. I want to drag them in this virtual currency but it is really hard to explain in it to them. It is like it is all brand new to them. Not even a little knowledge in it.
You spotted that right in bulls eye. How can we explain it easily.

If you want many explanations about Bitcoins, I would suggest you to go here: https://bitcointalk.org/index.php?topic=1261106.0
You will get many things being known about Bitcoins, so choose your own alternative and explain it that way. Wink

Thanks for the link. Although the problem is how can we do it that they will be really listening maybe some props will help. Some listen some dont. Maybe the key would be you can earn here without spending some. Or you just have to spend some effort for listening and learning how you will earn.
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December 07, 2015, 03:00:31 PM
 #665

My biggest problem with bitcoin?? How to have them  in an easy way like with just having them instant just by flipping your finger. Grin
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December 07, 2015, 03:59:25 PM
 #666

my first  problem is many people not know about bitcoin, and not familiar, so i can't use bitcoin for spend it everyday
my 2nd problem is about "decentralization system" so if my address get hacked ican't do anything


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December 07, 2015, 04:07:42 PM
 #667

My biggest problem about bitcoin is if something with transaction or I did something wrong I can't get my money back.
But I like the rest of bitcoin.
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December 07, 2015, 04:15:13 PM
 #668

its always too few for any individual no matter if 1 or 100 its too few lol
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December 07, 2015, 04:22:13 PM
 #669

-snip-
my 2nd problem is about "decentralization system" so if my address get hacked ican't do anything

Are you really that concerned that you can't keep your private keys to your self in a safe somewhere? If I were you I would consider looking into creating a cold/paper wallet to ensure you have no worries about being hacked. Also the main selling point for Bitcoin is the "decentralization" factor, they want to have a currency backed by something other than trust in the government/central banks.

My big problem is its pseudonymity features, and doesn't really act as s digital "cash". Most people who first get into Bitcoin believe that if they use them, for whatever purpose, that they would become completely anonymous in their transactions, which is not always the case.

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December 07, 2015, 04:29:59 PM
 #670

-snip-
my 2nd problem is about "decentralization system" so if my address get hacked ican't do anything

Are you really that concerned that you can't keep your private keys to your self in a safe somewhere? If I were you I would consider looking into creating a cold/paper wallet to ensure you have no worries about being hacked. Also the main selling point for Bitcoin is the "decentralization" factor, they want to have a currency backed by something other than trust in the government/central banks.

My big problem is its pseudonymity features, and doesn't really act as s digital "cash". Most people who first get into Bitcoin believe that if they use them, for whatever purpose, that they would become completely anonymous in their transactions, which is not always the case.

ohh sorry I m not very concept with decentralization, my problem in first time i know bitcoin my blockchain.info get hacked and i lose my money
it's diffirent with paypal system, i can get refund if i have problem with my transaction (get hacked)


"The economy depends about as much on economists as the weather does on weather forecasters"  Jean-Paul Kauffmann
"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"  BlindMayorBitcorn

Zaun
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December 07, 2015, 04:32:11 PM
 #671

I don't have a problem with bitcoin for now. I just don't like that is not that safe.
But who care money is money that you can earn a lot if it increase the price.
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December 07, 2015, 05:32:17 PM
 #672

Basically the biggest problem is being a pioneer. When you are a pioneer, you feel a little bit alone sometimes, and misunderstood. But being ahead of the pack was never something easy, so I like to look at the positives and think that what im doing now will be understood long the line. Future kids will ask their parents: didn't you see the necessity of Bitcoin?  And I will be one of the few that got it in the early stages.
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December 07, 2015, 06:06:40 PM
 #673

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.

security is a massive issue for newbies, i remember being heart scared to even login to my blockchain.info wallet incase i messed something up.  thankfully i have came on abit since then and use only paper wallets now for savings, however even thats an issue the average joe is never gona make and secure paper wallets.  lol Grin

another issue i see for limiting adoption is bitcoin addresses, like lets face it you cannot memorize them and typing them in to a wallet is deadly.  we need to get to a point where they arnt even seen or thought about.  for mass adoption i think we need to get to a point where the address is either your mobile phone number or your social security number.  or some other piece of informatio that people already know.

theres 2 point to start with, there are many more, but we ill get there keep up the good work     Grin
calkob
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December 07, 2015, 06:12:34 PM
 #674

Basically the biggest problem is being a pioneer. When you are a pioneer, you feel a little bit alone sometimes, and misunderstood. But being ahead of the pack was never something easy, so I like to look at the positives and think that what im doing now will be understood long the line. Future kids will ask their parents: didn't you see the necessity of Bitcoin?  And I will be one of the few that got it in the early stages.


Rob Siltanen
“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”


love it, wouldnt be anything else  Wink
prodigy8
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December 07, 2015, 06:13:24 PM
 #675

One of the biggest problem with bitcoin is the confirmation time.

This because nobody can know exactly when the a transaction will be confirmed.

Because we have seen many attacks or 'stress test' to the network which thousands of transaction are not confirmed.
Mr. Forum
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December 07, 2015, 06:30:27 PM
 #676

One big problem that i have with the bitcoins is that it has not been integrated with lots of financial institutions. This makes it harder for someone to make withdrawal of the coins they have made with much easy. I was thinking if you guys came up with an integration platform hat will enable people channel the coins directly to their bank accounts. It will make it easy for a common trader to have his or her profits at the comfort of the living room.
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December 07, 2015, 06:43:39 PM
 #677

One big problem that i have with the bitcoins is that it has not been integrated with lots of financial institutions. This makes it harder for someone to make withdrawal of the coins they have made with much easy. I was thinking if you guys came up with an integration platform hat will enable people channel the coins directly to their bank accounts. It will make it easy for a common trader to have his or her profits at the comfort of the living room.

It's possible today and here in our country, our local exchange wallet is the third party.

Anyways look like in your country you are having a hard time withdrawing the money converted from bitcoin.

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December 08, 2015, 01:23:40 PM
 #678

My main problems with it are,  it's a bit tricky to get your head round how it works and how to use it for the majority of people who aren't that computer savvy.   

There should be some sort of Fix for change addresses when emptying paper wallets because this can be potentially disastrous.

Is 's too hard to buy and sell,  or at least I had difficulty in the UK.

Not enough vendors.

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December 08, 2015, 01:33:19 PM
 #679

-snip-
my 2nd problem is about "decentralization system" so if my address get hacked ican't do anything

Are you really that concerned that you can't keep your private keys to your self in a safe somewhere? If I were you I would consider looking into creating a cold/paper wallet to ensure you have no worries about being hacked. Also the main selling point for Bitcoin is the "decentralization" factor, they want to have a currency backed by something other than trust in the government/central banks.

My big problem is its pseudonymity features, and doesn't really act as s digital "cash". Most people who first get into Bitcoin believe that if they use them, for whatever purpose, that they would become completely anonymous in their transactions, which is not always the case.

ohh sorry I m not very concept with decentralization, my problem in first time i know bitcoin my blockchain.info get hacked and i lose my money
it's diffirent with paypal system, i can get refund if i have problem with my transaction (get hacked)
There there, there's your problem. You are using Blockchain.info. Blockchain.info is an online wallet with a very bad track record, there are various other more secure wallets or desktop wallets to use. SPV clients do not require much space either. I don't find it a problem to not have anti virus or use windows if you don't download any suspicious programs. If you want more security for larger amounts, go for hardware wallet. In the long run, the hardware wallet would be much cheaper than the fees you would pay to the bank or the amount that the bank froze.

There should be some sort of Fix for change addresses when emptying paper wallets because this can be potentially disastrous.
Why? For me, I use mycelium which automatically sends change back to the address. When using client like Electrum, change from imported addresses are sent back to origin.

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CoinsRoyal
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December 08, 2015, 01:38:32 PM
 #680

I am starting to know about bitcoin so for now I don't have any problem about it.
I just want that bitcoin won't go down anymore.
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