What's your biggest problem with Bitcoin

[BitcoinNewbie15]

I don't really have a big problem with Bitcoin, but I feel that Bitcoin is very complicated for the everyday non-tech savvy person to use. I think the use of Bitcoin needs to be simplified a little bit more.

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[Muhammed Zakir]

Thanks for Your Responses I Learned a Lot From The Response From People Here. But I Thinking That I Don't Know More About The Bitcoins. Is Bitcoins Can Be Reversible Like Paypal Funds Are Reversible. Is That happens With Bitcoins ??

No. Bitcoin transactions are irreversible.

I think it was a trick long before that if you sent by mistake to somebody and still the transaction has 0 confirmation i think it was something to solve this by getting back the money.
Correct me if i am wrong.

You are probably talking about "double spend". Double spend is not always possible but your double spend transactions will have higher chance if the former transaction is unconfirmed and the latter has higher fees. Nevertheless, it depend on miners.

[rivoke]

Why bitcoin price still unstable ?
If bitcoin can maintain it's price, I'm sure many people will use bitcoin rather than a gold as investment. Also bitcoin's security is still a problem that need to investigate with care

[g1974ak]

I read that my problem is not the only and I am not the only one that I have it. But yet I want to tell it. Because most we are and more hope it is to be resolved. It is the much time needed for the confirmation of one transaction. Must wait with the hart in the hand that one transaction be confirmed before something happen. So your bitcoins must be stolen with the duplicate transaction etc. So soon this problem be solved better it will be.

[foxbitcoin]

It's confusing for the average user, Users want something simple, intuitive, easy to use and secure. Bitcoin is an amazing and revolutionary concept but for it to take off someone needs to come up with a way to make it simple

[oblivi]

How to secure your funds and how to spend them safely for the masses is the biggest problem in my opinion. Yes there is a Trezor out there, but device like this is very expensive for the masses and it is still not completely user friendly for non tech people.

People need something like pin less credit cards that are currently rolling out in the markets, where they will just take and touch a terminal with their card and pay safely and securely, eventually put a short pin number and that's it.

In the future there will be "bitcoin banks" for those that don't feel comfortable holding their own private keys, so companies like Xapo will get big returns from this, so don't worry, there's always a workaround for every problem that may arise.

[jt byte]

The biggest problem is confirmation time, which sucks at stress test

I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005

Even more. 0.0002 did it for me during the stress tests. Of course if you wanna make absolutely sure you set them to 0.0005.

It's not an amazing difference for casual users, only few US cents more.

Well i think the fees are pretty high as it cost few cents but wait,
and in the future if the bitcoin price would be high the fees will cost more right?
but the value of them be higher than now

[smith coins]

I don't really have a big problem with Bitcoin, but I feel that Bitcoin is very complicated for the everyday non-tech savvy person to use. I think the use of Bitcoin needs to be simplified a little bit more.

Yes for non-tech people it is a bit difficult to understand how it works and how the price changes.
All of us have few problems with bitcoin

[notbatman]

My biggest problem with Bitcoin is the Romanian scammers at Black Arrow LTD. Everything was going great until these fags screwed me out of $5k USD on the purchase of a Bitcoin miner.

[Muhammed Zakir]

My biggest problem with Bitcoin is the Romanian scammers at Black Arrow LTD. Everything was going great until these fags screwed me out of $5k USD on the purchase of a Bitcoin miner.

What does that suppose to mean? Bitcoin is a currency. If, instead of Bitcoin, it was USD, will you say "my biggest problem with USD is the Romanian scammers at Black Arrow LTD. Everything was going great until these fags screwed me out of $5k USD on the purchase of a Bitcoin miner"?!

[MrLehmann]

As a lot of others I think that easy secure storage of bitcoins is the greatest challenge to solve at the moment

[g1974ak]

The biggest problem is confirmation time, which sucks at stress test

I've never experienced slow confirmation except when I accidentally sent a transaction without including the fees. even while they were doing stress test, my transactions usually got confirmed very fast when I set the fees to 0.0005

Even more. 0.0002 did it for me during the stress tests. Of course if you wanna make absolutely sure you set them to 0.0005.

It's not an amazing difference for casual users, only few US cents more.

Well i think the fees are pretty high as it cost few cents but wait,
and in the future if the bitcoin price would be high the fees will cost more right?
but the value of them be higher than now

The fees are not a problem at all. If you want to not pay at all fee use coinbase as a wallet. At coinbase every send of bitcoin is free of charge because the fees are paid from coinbase itself. So no fees. Try to believe.

[talkbitcoin]

my biggest problem with bitcoin , like so many others have said before is the confirmation times.

for example when i deposit on a gambling site i have to wait a while before i can use it.

[ed_teech]

Buying bitcoins is too hard for me. (I live in Iran)

[erikalui]

The time taken for transactions to get confirmed is a disappointing factor about bitcoins as sometimes it takes 30 minutes while sometimes it takes days. I don't like the fee which matters to get transactions to get confirmed. Some times we need to double spend as well to make the confirmation done faster.



Also, I don't like the Blockchain fee that's applied when amount received in the BTC account are less. It sometimes costs 50% of the amount received which isn't worth.

[Amph]

Buying bitcoins is too hard for me. (I live in Iran)

try to acquire it instead, via signature or mining if your electricity is not expensive, it's also a much better way then simply buying, more anonimity for you

[7bestone7]

Buying bitcoins is too hard for me. (I live in Iran)

try to acquire it instead, via signature or mining if your electricity is not expensive, it's also a much better way then simply buying, more anonimity for you

more anonymity but getting big amounts is really hard through signature campaigns if you are not into spamming the forums, i guess he should try buying it from people not from exchanges

[squadouche]

My problem is that i can't pay directly with bitcoins i have stored on my computer or other hardware.

If i want to pay in a shop (there are around 50 shops here that accept bitcoin) i need an online wallet like mycelium. The shop owners also have a specific software program that transfers the bitcoins directly in our national currency. This proces takes away the effectiveness behind it. And what happens if they hack mycelium?

Also, if shop owners would just accept bitcoin from 'normal' transactions, so without extern (centralized) software, they would have to wait at least 1h to get confirmation.

This is what makes me believe there is no future for the current bitcoin and we have to wait untill an alternative breaks through. And i'm not talking about something totaly new, but something that still uses the blockchain technology. However, it won't be the bitcoin we know today in my opinion.

[misterycoins]

getting scammed by ponzi - while i was supposed to have my first payout and they collapsed. in fact, i shouldn't invest unless they have enough data in which proves they aren't scamming.

This is not specific to Bitcoin. It ultimately boils down to "How much should attempt Bitcoin to protect  people from themselves?".

[lmorrow]

If you are talking about technical problems then it is that bitcoin is always tending towards centralization to the point that big mining companies in the near future could have a near monopoly over bitcoin. And if not it is probably the lack of retailers that use it.