What's your biggest problem with Bitcoin

[lorylore]

My biggest problem safely converting to us dollar

The best way safely converting is if you have a local(country) friend that will convert it for you.

[pereira4]

My biggest problem safely converting to us dollar

The best way safely converting is if you have a local(country) friend that will convert it for you.

If you are extra paranoid about it, your friend would need to meet in person with a Bitcoin seller from Localbitcoins, but real life dealers are limited to a few countries, so if you are in some country where BTC is even mroe obscure than usual, you can't safely convert to USD, if by safely you mean avoiding the banking system.

[wearepoor]

My biggest problem safely converting to us dollar

The best way safely converting is if you have a local(country) friend that will convert it for you.

If you are extra paranoid about it, your friend would need to meet in person with a Bitcoin seller from Localbitcoins, but real life dealers are limited to a few countries, so if you are in some country where BTC is even mroe obscure than usual, you can't safely convert to USD, if by safely you mean avoiding the banking system.

That's true you can convert it by using localbitcoins I think its the best way to convert your bitcoins to USD but the problem with me is the confirmation time that it is taking and another big problem is that in my country very few people use it or accept it as a mode of payment.

[everaja]

My biggest problem with bitcoin:

Though Bitcoin is a fine digital currency, it is hard seeing it take off for consumers the same way credit cards have.  While centralized payment systems like credit cards have their disadvantages, they offer one very large advantage as well: they act as an arbiter in the case of disputes.  The buyer and seller both agree that "Papa Visa" knows best and with that confidence consumers open their wallets.

Bitcoin has none of that.  Yes it is decentralized, yes it is amazing to see payments go through so quickly and so cheaply, but what happens when it goes wrong?  I can trust tiny merchants with my credit card because I know if something goes wrong I have a recourse, there is no such recourse with Bitcoin.

Most often case filed against the trade of bitcoin with another currency is often defeated in disputes , so i dont like this nature , even though it is specialty of bitcoin..

Its good , its bad ..it always make me confuse.

[lorylore]

My biggest problem safely converting to us dollar

The best way safely converting is if you have a local(country) friend that will convert it for you.

If you are extra paranoid about it, your friend would need to meet in person with a Bitcoin seller from Localbitcoins, but real life dealers are limited to a few countries, so if you are in some country where BTC is even mroe obscure than usual, you can't safely convert to USD, if by safely you mean avoiding the banking system.

That's true you can convert it by using localbitcoins I think its the best way to convert your bitcoins to USD but the problem with me is the confirmation time that it is taking and another big problem is that in my country very few people use it or accept it as a mode of payment.

For many or most of the countries localbitcoins is good, but i see that many countries is not in their list maybe is ilegal in those countries

[NoBit]

Too many people are into bitcoin just for the money..

[aso118]

My biggest problem with bitcoin:

Though Bitcoin is a fine digital currency, it is hard seeing it take off for consumers the same way credit cards have.  While centralized payment systems like credit cards have their disadvantages, they offer one very large advantage as well: they act as an arbiter in the case of disputes.  The buyer and seller both agree that "Papa Visa" knows best and with that confidence consumers open their wallets.

Bitcoin has none of that.  Yes it is decentralized, yes it is amazing to see payments go through so quickly and so cheaply, but what happens when it goes wrong?  I can trust tiny merchants with my credit card because I know if something goes wrong I have a recourse, there is no such recourse with Bitcoin.

Most often case filed against the trade of bitcoin with another currency is often defeated in disputes , so i dont like this nature , even though it is specialty of bitcoin..

Its good , its bad ..it always make me confuse.

Bitcoin just reinforces caveat emptor. Over a period of time, only trusted sellers will be able to survive.
Right now, power is in the hands of buyers. Unfair chargebacks can dent the profitability of sellers.

[lorylore]

Too many people are into bitcoin just for the money..

Well bitcoin itself is money, is a currency that is sold and bought for money, and is for trading mostly.

[errornone]

the fact that everybody can see how much i earn, how much i spend, what is my salary, if i earned a lot this year or not... This is not good in our society.. People are envious and at the same time people love their privacy.

this is the big problem of bitcoin. solve this and you rule the world.

[lorylore]

the fact that everybody can see how much i earn, how much i spend, what is my salary, if i earned a lot this year or not... This is not good in our society.. People are envious and at the same time people love their privacy.

this is the big problem of bitcoin. solve this and you rule the world.

You can use many addresses to receive the bitcoins, but again if the people are highly interested you must use bitmixer

[gripflierGO]

Transaction time is a biggest concern. Some time its instant. Other time it takes much time and some users even wait for like 5 confirmation which normally take 30 mins for me now. So waiting seems to be drawback.

Transaction in Bitcoin actually Instant, Confirmation of the transaction which is takes much time. 

But what about the transaction that has no fee, they never get confirmed so sad

It's impossible that a transactions gets frozen forever as far as I know. All transactions eventually get processed, it will just take a lot more to get it done. The best way to avoid this is always paying the standard fee.

Well that is the best way but i have seen transactions even with some low fee, it didnt get confirmed what will happen if they dont get confirmed ? how long will stay or will lost forever that unconfirmed amount?

It is just random, I make 2 transaction with usual fee, the first one is confirmed like about below one hour and the second one it get 3 days to confirmed. IMO whoever pay more fee he will get the first chance to get confirmed but with a low miners fee I dont think it will go fast. Like I just said it takes 3 days to confirm my transaction but at least it will confirm at last, just be patience

I can paste here 2 different transaction ids with the same amount of fee and one got confirmed very quickly another one has 2 days and hasnt confirmed yet

Yes that is the biggest problem with bitcoins. Sometimes it hardly takes 2 minutes to get confirmed and sometimes it might take more than 48 hours and that is really ridiculous.

Yes confirmation time is the biggest issue I am facing at a moment. It is taking too much time for the transactions to get confirmed. But that is a part and parcel you don't have any other choice except keep on waiting till it gets confirmed. And the other problem I am facing is the city where I live no shops accepts bitcoins as a mode of payment. 

[monsanto]

We have been kicking the can down the road for the past few years with these issues waiting for the second generation of bitcoin development which has solved many of these longstanding issues:  

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).

That problem has been solved too:  You can obtain a new private key for your same address anytime you want to.

How can you create a new private key for the same address?

[monsanto]

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.

Are there situations where recycling addresses might be beneficial though? For example, what if someones wallet.dat got corrupted but they forgot to back it up recently. If they had transactions since their last wallet backup, they would still be able to access their funds if they recycled their address.

[unholycactus]

Time to Bitcoin for a new user, without over paying for them.

[--Encrypted--]

Time to Bitcoin for a new user, without over paying for them.

what? I don't understant what you are talking about.. can you elaborate?

[Patatas]

My biggest(and only) problem with bitcoin is it's confirmation time , sometimes it was fast and sometimes it's was slow.
But overall i really love bitcoin, just like others

[teddy5145]

My biggest(and only) problem with bitcoin is it's confirmation time , sometimes it was fast and sometimes it's was slow.
But overall i really love bitcoin, just like others

Agree, if only there are a way for bitcoin to send and receive payments instantly that would be good 
4 hours to send $5 

[BTCevo]

My biggest(and only) problem with bitcoin is it's confirmation time , sometimes it was fast and sometimes it's was slow.
But overall i really love bitcoin, just like others

Agree, if only there are a way for bitcoin to send and receive payments instantly that would be good  
4 hours to send $5  

There will be the way like, increasing block more than 2 mb to make a fast transfer but there are still polemic on it and it is impossible to make it instant for now. They will need so many things to develop. May be soon enough after there are mass adoption on bitcoin I am sure they will get a better solution about the transaction. Just need to be patiece

[Amph]

My biggest(and only) problem with bitcoin is it's confirmation time , sometimes it was fast and sometimes it's was slow.
But overall i really love bitcoin, just like others

Agree, if only there are a way for bitcoin to send and receive payments instantly that would be good 
4 hours to send $5 

you can ignore confirmations and be happy, because for that amount it does not matter at all, i don't find this to be a issue at all

[lorylore]

We have been kicking the can down the road for the past few years with these issues waiting for the second generation of bitcoin development which has solved many of these longstanding issues: 

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).

That problem has been solved too:  You can obtain a new private key for your same address anytime you want to.

How can you create a new private key for the same address?

How is that possible If new private key is generated does the old one still works same as the new?