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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
CoinFoxs
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July 05, 2015, 10:41:26 AM
Last edit: July 05, 2015, 07:44:40 PM by CoinFoxs
 #81

IMO, the security of bitcoin still need some improvement because recently I still heard about somebody still can hack bitcoin even exchanger (Bter)

Biggest problem ? I have 2 big problem
First, very slow confirmation time. Sometimes it could take an hour Sad
...

Usually if you want to get confirmed faster, it also require more fee so it's worth for miners

For me the biggest problem with bitcoin is transaction time..
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July 05, 2015, 10:46:06 AM
 #82

IMO, the security of bitcoin still need some improvement because recently I still heard about somebody still can hack bitcoin even exchanger (Bter)

Biggest problem ? I have 2 big problem
First, very slow confirmation time. Sometimes it could take an hour Sad
...

Usually if you want to get confirmed faster, it also require more fee so it's worth for miners

For me the biggest problem with bitcoin is transaction fee.. transaction fee isn't high ??

how can you find it high when it is only 0.026 cents, this is to me very cheap in comparison with visa and mastercard, and in the event that someone need to rise it to 100k satoshi to speed up the confirmation, it's still 0.2 only, we are talking about 1/5 of a dollar



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July 05, 2015, 11:16:40 AM
 #83

Bitcoin isn't flawless. Some problems for me

Built in deflation

No Valuation Guarantee

Risk of Unknown Technical Flaws

Slow confirmation time.

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July 05, 2015, 12:13:19 PM
 #84

Security. All the rest will come naturally if security issues are solved.
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July 05, 2015, 12:28:40 PM
 #85

IMO, the security of bitcoin still need some improvement because recently I still heard about somebody still can hack bitcoin even exchanger (Bter)

Biggest problem ? I have 2 big problem
First, very slow confirmation time. Sometimes it could take an hour Sad
...

Usually if you want to get confirmed faster, it also require more fee so it's worth for miners

For me the biggest problem with bitcoin is transaction fee.. transaction fee isn't high ??
what?!!
are you saying that transaction fees are high, or is it just a typo.
sending bitcoin is practically free. hell you can do it for free with 0 fee. but even with standard fee it is just pay $0.025

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.
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July 05, 2015, 01:09:43 PM
 #86

Biggest problem ? I have 2 big problem
First, very slow confirmation time. Sometimes it could take an hour Sad
Second, TX fees. It's only 0.0001BTC / transaction but i've done a lot of transaction & about 0.01BTC has been spend only for transaction fee

I guess confirmation time is depends on how much transaction you do it? May be a little transaction need a lot of confirmation time. I guess I never have problem with confirmation time. It takes around 15 min maximum never hit more than 15 minutes before. And about the transaction fee I think 0.0001 is low enough per transaction. Why dont you try to send more rather than deversify it. It will cost you less and the confirmation time will high enough
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July 05, 2015, 01:25:54 PM
 #87

confirmation time Cheesy


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July 05, 2015, 02:07:58 PM
 #88

The only problem I feel is its start, I am talking here about the wallet.
It should verify the blocks and get started early, but it takes too much time as compared to other alts that we use.
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July 05, 2015, 02:14:11 PM
 #89

confirmation time Cheesy

it should be pointed out that this is only a real issue in phisical shop not online
because for me waiting a bit for online shopping or online transfering isn't a problem
and you can always speed it up, with more fee

Security. All the rest will come naturally if security issues are solved.

security issue can be solved quite easy if there will be central authority that fuction as a online wallet, like bank for bitcoin
because otherwise i can not see a real security issue, you only need to use a safe device to do your transaction
do you agree on this?


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July 05, 2015, 02:48:08 PM
 #90

lets just yes bitcoin is not perfect but comparing it to the opportunities it offers to other payment systems mostly centralize this is enough for the community to work together and make bitcoin a better software and network has everything does over time, with the experience developers gain over time and bitcoin will become better.

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July 05, 2015, 02:52:04 PM
 #91

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.
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July 05, 2015, 03:53:52 PM
 #92

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

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July 05, 2015, 03:59:34 PM
 #93

Bigggest problem Bitcoin has right now is Mike and Gavin. Other than that it's doing pretty awesome.
Would welcome any software that simply mutes anything these two clowns do.
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July 05, 2015, 03:59:44 PM
 #94

i thought of another problem !!!!

My bitcoin wallet is EMPTY 
    Tongue

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July 05, 2015, 04:07:06 PM
 #95

My biggest problem was the wallet which i should use? Because, i can't trust any wallets except bitcoin core Roll Eyes. But if i use bitcoin core, i've to wait untill it sync. (its about ~21GBs of data) for that i've to wait at least 2 to 3 months Shocked (due to my connection and some other factors).

And also if i use bitcoin core, there's another problem i.e., some malwares and trojans.  Sad

If you're from a software development group, why would your code a wallet long with an antivirus(may be a new antivirus or along with any/someother trustable existing antivirus)? with full control over my BTC like bitcoin core?

Is this possible? If yes, implement it  Smiley


~Rude Boy
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July 05, 2015, 04:09:18 PM
 #96

"What's your biggest problem with Bitcoin" ad nauseam.

Humble Weekly Bundle.Pay What You Want. Redeem on Steam. Support charity. Pay with BTCitcoin now!--> Paypal Sad
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July 05, 2015, 04:10:45 PM
 #97

Transaction time and confirmation time is a problem that takes a long time so users need to wait long for tx confirmation

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July 05, 2015, 04:13:59 PM
 #98

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it



The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up  Grin
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July 05, 2015, 04:31:30 PM
 #99

My biggest problem was the wallet which i should use? Because, i can't trust any wallets except bitcoin core Roll Eyes. But if i use bitcoin core, i've to wait untill it sync. (its about ~21GBs of data) for that i've to wait at least 2 to 3 months Shocked (due to my connection and some other factors).

And also if i use bitcoin core, there's another problem i.e., some malwares and trojans.  Sad

If you're from a software development group, why would your code a wallet long with an antivirus(may be a new antivirus or along with any/someother trustable existing antivirus)? with full control over my BTC like bitcoin core?

Is this possible? If yes, implement it  Smiley


~Rude Boy
i don't see any reason not to trust other wallets, since they are open source and anybody can review the wallet's code. for example Electrum which i use is good and reliable.

and i want to add that the whole blockchain is much more that 21 GB if i am not mistaken it is around 40GB now.

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.
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July 05, 2015, 05:15:02 PM
 #100

Transaction time & not much merchant in my country are the biggest problem.
I only use my bitcoins for online shopping since i couldn't find any merchant which accept bitcoin.
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