bitcollins85
|
|
July 05, 2015, 05:34:55 PM |
|
For bitcoin to be used by average joe, it needs to be as simple as email ,facebook etc. stop confusing people with technical terms like private keys, multisig etc
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
July 05, 2015, 05:52:48 PM |
|
For bitcoin to be used by average joe, it needs to be as simple as email ,facebook etc. stop confusing people with technical terms like private keys, multisig etc
but it is simple, they only need to know that an address is like an iban of your credit card or debit card, and on top of that you need to make a copy of your wallet.dat, all the other fancy stuff, like trezor, lightwallet, paper wallet ecc.., are just annoying things that distract one thing that should be added to help newbies, is the thing about the 100 address of the mempool, basically after 100 address if you do not save your wallet(if you recieve income), you can lose bitcoin, the client should warn you that you are near the critical amount
|
|
|
|
AtheistAKASaneBrain
|
|
July 05, 2015, 06:17:51 PM |
|
For bitcoin to be used by average joe, it needs to be as simple as email ,facebook etc. stop confusing people with technical terms like private keys, multisig etc
but it is simple, they only need to know that an address is like an iban of your credit card or debit card, and on top of that you need to make a copy of your wallet.dat, all the other fancy stuff, like trezor, lightwallet, paper wallet ecc.., are just annoying things that distract one thing that should be added to help newbies, is the thing about the 100 address of the mempool, basically after 100 address if you do not save your wallet(if you recieve income), you can lose bitcoin, the client should warn you that you are near the critical amount there's a lot of details left in your post If you are using core, a newbie doesn't know he has to use a single different address each time if he wants privacy, doesnt know that he may need to mix coins and control his coin output to not mix your own coins for added privacy, doesnt know he needs a wallet.dat everytime he generates a new receiving address... and the list goes on.
|
|
|
|
oxiyusuf
|
|
July 06, 2015, 07:39:28 AM |
|
For bitcoin to be used by average joe, it needs to be as simple as email ,facebook etc. stop confusing people with technical terms like private keys, multisig etc
but it is simple, they only need to know that an address is like an iban of your credit card or debit card, and on top of that you need to make a copy of your wallet.dat, all the other fancy stuff, like trezor, lightwallet, paper wallet ecc.., are just annoying things that distract one thing that should be added to help newbies, is the thing about the 100 address of the mempool, basically after 100 address if you do not save your wallet(if you recieve income), you can lose bitcoin, the client should warn you that you are near the critical amount there's a lot of details left in your post If you are using core, a newbie doesn't know he has to use a single different address each time if he wants privacy, doesnt know that he may need to mix coins and control his coin output to not mix your own coins for added privacy, doesnt know he needs a wallet.dat everytime he generates a new receiving address... and the list goes on. maybe everything does look complicated and difficult to understand, but this is done to secure coin memeng owned.
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
July 06, 2015, 07:54:26 AM |
|
For bitcoin to be used by average joe, it needs to be as simple as email ,facebook etc. stop confusing people with technical terms like private keys, multisig etc
but it is simple, they only need to know that an address is like an iban of your credit card or debit card, and on top of that you need to make a copy of your wallet.dat, all the other fancy stuff, like trezor, lightwallet, paper wallet ecc.., are just annoying things that distract one thing that should be added to help newbies, is the thing about the 100 address of the mempool, basically after 100 address if you do not save your wallet(if you recieve income), you can lose bitcoin, the client should warn you that you are near the critical amount there's a lot of details left in your post If you are using core, a newbie doesn't know he has to use a single different address each time if he wants privacy, doesnt know that he may need to mix coins and control his coin output to not mix your own coins for added privacy, doesnt know he needs a wallet.dat everytime he generates a new receiving address... and the list goes on. newbie do not search for anonimity, if they still prefer to use their credit card, i think you can leave this behind, and it does not need a wallet.dat for every new address, this is a BS, you can just generate as many address as you want with one wallet.dat only
|
|
|
|
Jeremycoin
Legendary
Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
|
|
July 06, 2015, 08:40:39 AM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough.
|
faucet used to be profitable
|
|
|
ransomer
Newbie
Offline
Activity: 56
Merit: 0
|
|
July 06, 2015, 10:11:10 AM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. I have no doubt this is the biggest issue with bitcoin. Except for people looking at it from the outside who never actually owned bitcoin. They may see the volatile prices or lack of backing etc. But the actual real main concern is the security issue.
|
|
|
|
pooya87
Legendary
Offline
Activity: 3570
Merit: 10843
|
|
July 06, 2015, 12:01:22 PM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. why don't you use an SPV (light) wallet. you can use something like Electrum, it is easy to use and you don't need a huge Hard drive space or bandwidth. it would be less that 40 MB in total size because it only downloads block headers. and as for security you can create an offline wallet with Electrum and only send the signed transactions on an online computer. all of these works that you need to do have good step by step walk-throughs and you can ask any additional question that you might have here.
|
|
|
|
Solange
Newbie
Offline
Activity: 22
Merit: 0
|
|
July 06, 2015, 12:05:44 PM |
|
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 But the opposite is also true. You can lose a lot of money and profit not at all. Trading or investments always carry risks and are not always profitable.
|
|
|
|
oxiyusuf
|
|
July 06, 2015, 12:37:17 PM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. why don't you use an SPV (light) wallet. you can use something like Electrum, it is easy to use and you don't need a huge Hard drive space or bandwidth. it would be less that 40 MB in total size because it only downloads block headers. and as for security you can create an offline wallet with Electrum and only send the signed transactions on an online computer. all of these works that you need to do have good step by step walk-throughs and you can ask any additional question that you might have here. even if you are already using any security, make sure you do not carelessly visit wallet phishing sites, or sites that contained the virus, make sure your antivirus is always updated
|
|
|
|
Netnox
Legendary
Offline
Activity: 2044
Merit: 1008
|
|
July 06, 2015, 12:50:31 PM |
|
Very poor advertising, majority of btc promotion is in the crypto circle, outside that its awful.
|
|
|
|
Jeremycoin
Legendary
Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
|
|
July 06, 2015, 01:10:26 PM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. why don't you use an SPV (light) wallet. you can use something like Electrum, it is easy to use and you don't need a huge Hard drive space or bandwidth. it would be less that 40 MB in total size because it only downloads block headers. and as for security you can create an offline wallet with Electrum and only send the signed transactions on an online computer. all of these works that you need to do have good step by step walk-throughs and you can ask any additional question that you might have here. even if you are already using any security, make sure you do not carelessly visit wallet phishing sites, or sites that contained the virus, make sure your antivirus is always updated and make sure you use a genuine antivirus btw, do you guys think that Bitcoin would be more secure in the future? or even vice versa?
|
faucet used to be profitable
|
|
|
randy8777
Legendary
Offline
Activity: 896
Merit: 1000
|
|
July 06, 2015, 01:23:28 PM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. I have no doubt this is the biggest issue with bitcoin. Except for people looking at it from the outside who never actually owned bitcoin. They may see the volatile prices or lack of backing etc. But the actual real main concern is the security issue. it's not the biggest issue at this moment, but with the increasing blockchain size it will be much harder for people to make space for it on their hdd in the future.
|
|
|
|
Evil Steve
Newbie
Offline
Activity: 25
Merit: 0
|
|
July 06, 2015, 01:28:16 PM |
|
My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it. I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. Keep it offline. Why do you need it on your computer? Plenty of liteweight wallets as well.
|
|
|
|
lorylore
Legendary
Offline
Activity: 1470
Merit: 1002
|
|
July 06, 2015, 01:29:29 PM |
|
Biggest problem with bitcoin is the time. It takes hours to confirm a transaction so it can be better like other coins to process faster.
|
|
|
|
Jeremycoin
Legendary
Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
|
|
July 06, 2015, 01:32:58 PM |
|
Biggest problem with bitcoin is the time. It takes hours to confirm a transaction so it can be better like other coins to process faster.
You have the opposite of my problem [IMO] Faster transaction = Less secure Slower transaction = More secure I'm wondering, how to solve this problem without making any problem even worse.
|
faucet used to be profitable
|
|
|
lorylore
Legendary
Offline
Activity: 1470
Merit: 1002
|
|
July 06, 2015, 01:35:28 PM |
|
Biggest problem with bitcoin is the time. It takes hours to confirm a transaction so it can be better like other coins to process faster.
You have the opposite of my problem [IMO] Faster transaction = Less secure Slower transaction = more secure I'm wondering, how to solve this problem without making any problem even worse. Lol, let's make this ideal. Faster transaction = More secure, isn't it possible? Check other coins and you will see
|
|
|
|
Jeremycoin
Legendary
Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
|
|
July 06, 2015, 01:37:04 PM |
|
Biggest problem with bitcoin is the time. It takes hours to confirm a transaction so it can be better like other coins to process faster.
You have the opposite of my problem [IMO] Faster transaction = Less secure Slower transaction = more secure I'm wondering, how to solve this problem without making any problem even worse. Lol, let's make this ideal. Faster transaction = More secure, isn't it possible? Check other coins and you will see I'm not actually really understand about other coins, but these was the Biggest problem of all time.
|
faucet used to be profitable
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
July 06, 2015, 01:52:02 PM |
|
Biggest problem with bitcoin is the time. It takes hours to confirm a transaction so it can be better like other coins to process faster.
You have the opposite of my problem [IMO] Faster transaction = Less secure Slower transaction = More secure I'm wondering, how to solve this problem without making any problem even worse. you simply do not solve it, because it isn't a problem, merchants should just go ahead and accept 0 confirmations but if you really want a solution sidechain are what you are looking for
|
|
|
|
BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
|
|
July 06, 2015, 02:13:22 PM |
|
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 But the opposite is also true. You can lose a lot of money and profit not at all. Trading or investments always carry risks and are not always profitable. Nope if you know how to maintain your trading and try to see the situation too, I think you can minimalize your loss when you really have that bad luck
|
|
|
|
|