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Author Topic: What's your biggest problem with Bitcoin  (Read 135104 times)
coinblazer
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September 17, 2015, 07:28:40 PM
 #441

The biggest problem is, I can't spend my BTC in any shop that accept it in my city

there is xapo which is a debit card u can use in stores
titibach
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September 18, 2015, 12:17:09 AM
 #442

My biggest problem when using bitcoin, its confusing when i need to receive btc but i dont know and dont remember my address and i not use android app...

So help me, so i can make my own btc address easily without need to do some "program"
edric
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September 18, 2015, 12:23:07 AM
 #443

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.

My biggest problem with bitcoin is that some of the most attractive service providers in the bitcoin ecosystem don't seem regulatory compliant. This makes me feel unsafe keeping too much money in account with them.  Part of the problem for companies though is the expense.  Servicing US customers is enormously expensive and I don't think this is by accident. Many industries have lobbyists working to keep the bitcoin industry from taking their market share like money transmitters in remittance, banks and brokers, etc.

adolf84
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September 18, 2015, 04:14:45 AM
 #444

My personal problem when using bitcoin for daily activity :

1. Some time need take so long to confirm the transaction..
2. Need global and equal fee..
3. Want to have address that i make it by my self  Grin



My opinion for btc problem on General basis  :

1. The future of this bitcoin it self, because from what i know there was no more some kind of big advertise or promo to introducing about bitcoin to more people on different background..
2. Have not great advantage that can attract more people, product, company, etc to use  bitcoin anf make it as they primary curency for transaction..
Herbert2020
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September 18, 2015, 06:34:52 AM
 #445

My biggest problem when using bitcoin, its confusing when i need to receive btc but i dont know and dont remember my address and i not use android app...

So help me, so i can make my own btc address easily without need to do some "program"

well, you have to give your bitcoin address somehow in order to receive payments.
for that, you either have to copy and paste the bitcoin address itself and send it to the person who wants to pay you or you have to give him your QR code which can be a small JPG image.
i don't know what you mean by "without need to do some "program" you have to send bitcoin with a program so i don't see your concern

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.
Lauda
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September 18, 2015, 08:28:29 AM
 #446

i think the biggest problem about it is that its price goes up and down really often instead it would be better if the price would go only up Cheesy
I really hope that you're kidding. The longer and bigger the growth is, the harder the after effect is going to be once the bubble pops. Even a 1% daily growth ends up being unsustainable eventually. Regardless, I do agree that there is a little too much volatility (200-300), but it is the result of market manipulation (most likely).

In the next version I think prunning method will be availible which means we will be able to use our beloved Core original wallet while not having to download the entire blockchain, only about 1GB and 1GB of past transactions should be solid and safe enough against any attacks.
Wrong. Pruning is partially implemented this version (can not be used as a wallet yet) and the minimum is 550MB, or in other words the last 288 blocks.

My personal problem when using bitcoin for daily activity :
1. Some time need take so long to confirm the transaction..
2. Need global and equal fee..
3. Want to have address that i make it by my self  Grin
Problems 1-2 and connected. If you include a higher fee, there won't be a delay. Number 3 is not a problem. You can use vanitygen to generate a customized address such as I did which starts with the following "1Lauda".

My opinion for btc problem on General basis  :
1. The future of this bitcoin it self, because from what i know there was no more some kind of big advertise or promo to introducing about bitcoin to more people on different background..
2. Have not great advantage that can attract more people, product, company, etc to use  bitcoin anf make it as they primary curency for transaction..
1) You can't have big advertising without someone spending a lot of money. Example: Samsung's marketing budget was $14 billion (2013) which is more than the total GDP of some countries (e.g. Iceland).
2) Bitcoin has many advantages. For example: it's decentralized; very low fees; freedom in payment; transactions are irreversible; complete control of your own money, etc.

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wearehatetherules
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September 18, 2015, 10:41:56 AM
 #447

Sometimes i have waited like 3 hrs to get credit money into one of online shop account. That's the main problem i faced these days. Waiting time for confirmation.

asad777
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September 18, 2015, 11:46:38 AM
 #448

(as a trader)
I hate this period stable price
i can make nothing from trading with a stable price
it is really annoying  Angry Angry
Lauda
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September 18, 2015, 11:50:56 AM
 #449

Sometimes i have waited like 3 hrs to get credit money into one of online shop account. That's the main problem i faced these days. Waiting time for confirmation.
This is not a problem with Bitcoin. The problem was caused either by: A) You; B) Merchant. Either you did not include a proper fee, or something was not right with the merchant. The last time that I bought something, the first confirmation was within 10 minutes.

(as a trader)
I hate this period stable price
i can make nothing from trading with a stable price
it is really annoying  Angry Angry
That's not really directly related to Bitcoin, but rather it's market. Besides it isn't really stable either.

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ethought
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September 19, 2015, 06:18:35 PM
 #450

I don't have any real problems with Bitcoin.

However, I do find not enough retailers accept bitcoin yet. I have suggested using Bitpay to several large retailers, but for some reason they are not interested. Given that they can get paid in fiat anyway when using Bitpay this puzzles me.

fkvidar
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September 19, 2015, 07:23:06 PM
 #451

Like many others i think the long confirmation is a big issue that bitcoin needs to improve and the the lack of adoption also
thinkinger
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September 19, 2015, 07:26:13 PM
 #452

the problem of me with btc is and was ponzis and lack of knowledge about btc.and now the decrease of the price.

.██████████   bitfons.in- Cryptocurrency Exchange - 10 coins███████.
lorylore
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September 19, 2015, 08:10:23 PM
 #453

Like many others i think the long confirmation is a big issue that bitcoin needs to improve and the the lack of adoption also

When you are in rush we think that it really takes long time, i don't like this feature too.
It is not like paypal which is instantly, but in other cases like the limits the verification that it requires bitcoin is much better.
And what i don't like is the bitcoin is going to be more and more centralized in future.
adolf84
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September 19, 2015, 11:23:54 PM
 #454

My jokes answers :

1. I got problem how to get easy and big bitcoin beside take my gun infront of people that have alot of money on his Debit card Cheesy



Serious one :

1. Must need internet connection, how not to use internet when use bitcoin ask my personal currency and payment method...

2. Need more money if i want keep my bitcoin more safety like cold wallet... How not to use that??

3. Its annoying for me with very very very long btc address. Is there anyway that i can have address with only not more than 10 word??? So i can easily to remember...
lorylore
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September 19, 2015, 11:37:01 PM
 #455

My jokes answers :

1. I got problem how to get easy and big bitcoin beside take my gun infront of people that have alot of money on his Debit card Cheesy



Serious one :

1. Must need internet connection, how not to use internet when use bitcoin ask my personal currency and payment method...

2. Need more money if i want keep my bitcoin more safety like cold wallet... How not to use that??

3. Its annoying for me with very very very long btc address. Is there anyway that i can have address with only not more than 10 word??? So i can easily to remember...

1. That is true, but to receive you don't need internet connection Tongue
2. It is not so much expensive i think ledger hardware wallet costs around 25$
3. You can make an address book and store your most used addresses that you make transactions with them, or use Mycelium in mobile which has this feature.
saturn643
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September 20, 2015, 02:26:16 AM
 #456

Lack of adoption I hope with time will be better. Bitcoin is only 5 years
Hugroll
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September 20, 2015, 02:59:42 AM
 #457

Like many others i think the long confirmation is a big issue that bitcoin needs to improve and the the lack of adoption also
yep,bitcoin barely has any issues but this is probably the biggest one
randy8777
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September 20, 2015, 03:09:47 AM
 #458

I don't have any real problems with Bitcoin.

However, I do find not enough retailers accept bitcoin yet. I have suggested using Bitpay to several large retailers, but for some reason they are not interested. Given that they can get paid in fiat anyway when using Bitpay this puzzles me.



maybe they don't find it interesting enough as they don't think they'll get much revenue from it. the amount of people who are actually spending their coins is very low.
Sanjx
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September 20, 2015, 04:03:26 AM
 #459

The biggest problems with Bitcoin that I encountered

It's hard to explain to anyone
The transaction time is instant but the confirmation time it takes too long to be confirmed
Lack of adoption of bitcoin as a currency
gripflierGO
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September 20, 2015, 10:07:19 AM
 #460

The biggest problems with Bitcoin that I encountered

It's hard to explain to anyone
The transaction time is instant but the confirmation time it takes too long to be confirmed
Lack of adoption of bitcoin as a currency


Correct. Confirmation time is the biggest problem with bitcoins as sometimes it might take hours and hours for the transaction to get confirmed, and sometimes it is done within fraction of seconds, but still there are many advantages associated with bitcoins, so it is better to avoid this problem of confirmation as bitcoins is helping us in many other ways.  Grin
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