Herbert2020
Legendary
Offline
Activity: 1946
Merit: 1137
|
|
July 02, 2015, 09:53:04 AM |
|
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.
i agree that the biggest problem with bitcoin is the lack of adoption but the reason for that is not the lack of security. it can be one of many reasons but at least it is not the major reason. also like many others i think the long confirmation is a big issue that bitcoin needs to improve at.
|
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
|
|
|
neoneros
|
|
July 02, 2015, 10:11:19 AM |
|
Handling multiple wallets and accessing your offline/paper wallets with more ease but keeping security. What if I want to spend big, but my paper wallet is at home and no way I have the brainpower to remember my private key and going home would take me two days and break my vacation and spoil it for the rest. How do I access that big pile of BTC (I wish I had) to spend it on the object of my desire?
Confirmation times do not bother me that much, but it would be nice if the smaller mining rigs could gather the low or no fee transactions and act as maverick miners and confirm these kind of transactions that are left behind by the big rigs and pools. It might nog be profitable, but given enough transactions handled by smaller and personal miners could boost the use of small farms to leverage the balance away from the big ones in China who as a country now owns over 50% of the hashing power and thus has the potential of breaking the chain..
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
July 02, 2015, 10:59:26 AM |
|
Biggest problem with bitcoin is the long time the tx. need to be confirmed.
many shops accept 0 confirmation, i'm not sure that this is the biggest problem, could be solved easy if you use online centralized wallet, where they have a contract with the merchant, and because they trust each other they should have no problem in accepting 0 confirmation TX
|
|
|
|
ransomer
Newbie
Offline
Activity: 56
Merit: 0
|
|
July 02, 2015, 11:06:17 AM |
|
One issue is that even if one decides blockchain currency is the future... that no longer means bitcoin. The focus on bitcoin is now more and more divided to other altcoins.
|
|
|
|
Soros Shorts
Donator
Legendary
Offline
Activity: 1617
Merit: 1012
|
|
July 02, 2015, 11:08:10 AM |
|
Biggest problem with bitcoin is the long time the tx. need to be confirmed.
many shops accept 0 confirmation, i'm not sure that this is the biggest problem, could be solved easy if you use online centralized wallet, where they have a contract with the merchant, and because they trust each other they should have no problem in accepting 0 confirmation TX Maybe what we need is some kind of double-spend detection tool that can be used by anyone (small merchants, individual user) so that they may accept transactions with 0 confirms as long as no double-spend was detected and as long as there are sufficient fees, etc. Why do we always need to rely on a centralized service to accept 0 confirm transactions?
|
|
|
|
tokeweed
Legendary
Offline
Activity: 4102
Merit: 1458
Life, Love and Laughter...
|
|
July 02, 2015, 11:11:33 AM |
|
My biggest problem is price is too low. How to fix this?
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
--Encrypted--
Copper Member
Legendary
Offline
Activity: 924
Merit: 1007
hee-ho.
|
|
July 02, 2015, 11:25:58 AM |
|
my biggest problem is the lack of adoption in my country. there's no store that accept bitcoin in my city My biggest problem is price is too low. How to fix this? buy ten billion USD worth of BTC. there, problem solved
|
|
|
|
Erza
Legendary
Offline
Activity: 1078
Merit: 1000
|
|
July 02, 2015, 12:38:56 PM |
|
Biggest problem with bitcoin is the long time the tx. need to be confirmed.
I guess there are no such problem. It seems everyone will not agree on the transaction speed here my biggest problem is the lack of adoption in my country. there's no store that accept bitcoin in my city My biggest problem is price is too low. How to fix this? buy ten billion USD worth of BTC. there, problem solved Buying that much of BTC you will just lose it too because the price is not stable now
|
|
|
|
aakashsangwan
|
|
July 02, 2015, 01:02:28 PM |
|
Acc. To me it is the transaction fees.
|
|
|
|
BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
|
|
July 02, 2015, 02:05:55 PM |
|
my biggest problem is the lack of adoption in my country. there's no store that accept bitcoin in my city My biggest problem is price is too low. How to fix this? buy ten billion USD worth of BTC. there, problem solved Thats why you need some good advertise in your country to make people using bitcoin and start open up a store so your problems will be solved. And how are you going to buy 10 billion USD worth of BTC, did you have that kind of money? If you have that money I dont think you would spend all in bitcoin, better do some long term investment so you will get more profit
|
|
|
|
RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
|
|
July 02, 2015, 02:07:51 PM |
|
Not having enough.
|
|
|
|
irfan_pak10
Legendary
Offline
Activity: 3346
Merit: 1662
👉bit.ly/3QXp3oh -TonUP Launchpad on TON
|
|
July 02, 2015, 02:12:18 PM |
|
Not having enough.
Yeah not such a big problem with the bitcoin. BTC is created perfectly by satoshi.
|
|
|
|
AtheistAKASaneBrain
|
|
July 02, 2015, 02:17:31 PM |
|
For me, probably the transaction confirmation times. That is one the biggest wow or attractive factors with bitcoin for myself personally. It is getting too long.
They are enough imo. Credit card transaction confirmation times take around 180 times, I don't see anyone complaining about that. What we need is a bigger blocksize as demonstrated by the smap tests, where confirmation times can start taking up to hours.
|
|
|
|
Q7
|
|
July 02, 2015, 02:29:08 PM |
|
Well transaction time for me is still something bitcoin needs to work on. I need it to be faster. I can't imagine waiting in the queue at retail outlets. It must be a swipe and go process. The next issue is probably the recent debacle about the majority and who really owns and control the network.
|
|
|
|
tokeweed
Legendary
Offline
Activity: 4102
Merit: 1458
Life, Love and Laughter...
|
|
July 02, 2015, 02:29:52 PM |
|
Not having enough.
Yes. I have problem like this also.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
monsanto
Legendary
Offline
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
|
|
July 02, 2015, 06:23:20 PM |
|
My biggest problem is price is too low. How to fix this?
|
|
|
|
monsanto
Legendary
Offline
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
|
|
July 02, 2015, 06:28:13 PM |
|
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)
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).
|
|
|
|
d4n13
Full Member
Offline
Activity: 210
Merit: 104
“Create Your Decentralized Life”
|
|
July 02, 2015, 07:11:33 PM |
|
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). Easy to solve. Just craft your transaction so there is no change. Put all your change back in your own wallet. Easy, but bad. Recycling address is bad, for a number of reasons. Basically, it reduces the security of that address. The numbers are still staggeringly astronomical, but for the cryptogeeks it is cringe worthy. As such, no self respecting cryptographer will recycle address, and all the docs say addresses are single use.
|
|
|
|
Ayle56
|
|
July 02, 2015, 07:18:09 PM |
|
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). Easy to solve. Just craft your transaction so there is no change. Put all your change back in your own wallet. Easy, but bad. Recycling address is bad, for a number of reasons. Basically, it reduces the security of that address. The numbers are still staggeringly astronomical, but for the cryptogeeks it is cringe worthy. As such, no self respecting cryptographer will recycle address, and all the docs say addresses are single use. It's not easy to solve unless you have a degree in computer science. Are there any easy to understand instructions on how to craft your transaction so there is no change anywhere? I mean really basic instructions that any idiot can understand.
|
|
|
|
crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
|
|
July 02, 2015, 07:41:27 PM |
|
Biggest problem? I don't have enough of it.
|
|
|
|
|