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GetClams.com
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October 05, 2015, 11:02:01 PM |
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It is thinly traded. $2m in BTC can cause a flash crash like on btc-.com(?) a few weeks back.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Kevin77
Legendary
 Offline
Activity: 1652
Merit: 1057
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October 28, 2015, 05:41:23 AM |
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The biggest problem is that you must download all existing transactions and blocks if you want an offline wallet.
Lots of GBytes...
This is the #1 problem of bitcoin, the core design of bitcoin is that it is not flexible. Other than that If you lose your account info like private keys then your Bitcoin can never be access for life. This will be the loss of money and waste of effort. |
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CasioK
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October 28, 2015, 08:26:39 AM |
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The biggest problem is that you must download all existing transactions and blocks if you want an offline wallet.
Lots of GBytes...
This is the #1 problem of bitcoin, the core design of bitcoin is that it is not flexible. Other than that If you lose your account info like private keys then your Bitcoin can never be access for life. This will be the loss of money and waste of effort. That's not big problem if you choose to go with light weight wallets or online wallets like coinbase or blockchain.info. People need not to worry on loading and initail set up of bitcoin core wallets. They can use bootstrap files available on torrent download which will help somewhat. |
INVALID BBCODE: close of unopened tag in table (1)
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Timeline
Legendary
Offline
Activity: 924
Merit: 1000
TokenHouse decentralized cryptocurrency exchange
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October 28, 2015, 01:18:07 PM |
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Transaction times are way too slow.
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smith coins
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October 28, 2015, 04:27:25 PM |
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Bitcoin as a money or bitcoin as a platform  As a money bitcoin is just good it can be better (not perfect) The problem with bitcoin i think would be that it is not much spreadable to people and people need to know what is bitcoin how it works and that we can trade things for virtual currency(bitcoin) |
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Mickeyb
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October 28, 2015, 04:33:24 PM |
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Transaction times are way too slow.
It just depends. It's much faster than a wire transfer or a SEPA transfer, yet it's a bit slower than credit card transactions. So everything is relative as you can see. Although I believe that we still hasn't even seen nearly limits of this technology and that in the future solutions will be developed so we can come closer to the credit card processing speeds! |
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pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
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October 28, 2015, 05:02:47 PM |
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Simply don't understand why a bitcoin has any value at all. who was the first person that decided a bitcoin was worth trading for real cash?
Everything begins with an idea, that may be worth a lot of money, but few people realize this. That's why the very early investors will become potential billionaires if they hold on their coins, but im sure that most of them will panic sell along the way and this will help to redistribute the Bitcoin supply along more people as well. |
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upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
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October 29, 2015, 05:05:30 PM |
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Purchasing of Bitcoin is another problem that may surface up due to the cause that it cannot be owned on its own like money.
And not at all possible at very ease on all the developing countries. To have bitcoin we must find an exchanger in our local town it must be bought with money.
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hangar18
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October 29, 2015, 11:03:31 PM |
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The biggest problem for me is Transaction time and not have much merchant in my country to accept BTC
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bankingbtc
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October 29, 2015, 11:47:01 PM |
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price fluctuation
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addy boy
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October 30, 2015, 02:19:43 AM |
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*Poor mobile platform support*
Since last year i Faced One Problem
Here Are my Problem
Apple has taken a proactive
stance towards making sure that users cannot send bitcoin via wallets in its App Store.
Furthermore, Google does not allow in-app
payments with bitcoin.
Although this has not deterred some developers from creating mobile applications for bitcoin, it’s harming the ecosystem. These larger technology companies do not want to compete with bitcoin. So they do the same thing as restrictive government and use their power to regulate it out of existence – within their ecosystem, anyway.
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jaberwock
Legendary
Offline
Activity: 2548
Merit: 1073
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October 30, 2015, 02:27:04 AM |
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get them is hard and slow and not cheap in most places.
sadly there is nothing that the devs can do about it
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CasioK
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October 30, 2015, 03:58:43 AM |
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get them is hard and slow and not cheap in most places.
sadly there is nothing that the devs can do about it
These are the some real hurdles we usually face every where especially along with new technology. But the light weight wallets or online wallets are greater solutions for this kind of initial pitfalls. So, I believe there would be solution for almost all the problem. |
INVALID BBCODE: close of unopened tag in table (1)
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intristin
Full Member
Offline
Activity: 196
Merit: 100
Digital Credits
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October 30, 2015, 04:37:00 AM |
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That I still can't buy Milk, eggs, bread, toilet paper, or beer with it at the corner store. If I could I would close my CitiBank account and convert all my money to bits.
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BTC : 1mGWN5sXaTrWcfDt7zwq4o6R2LiJKKFGH | DGCS : DU1U2ocTUodyHJTgBLBMfSprjquFCUraf8 Digital Credits : http://dcredits.com |
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owm123
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October 30, 2015, 04:46:50 AM
Last edit: October 30, 2015, 05:03:35 AM by owm123 |
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That I still can't buy Milk, eggs, bread, toilet paper, or beer with it at the corner store. If I could I would close my CitiBank account and convert all my money to bits.
How would you imagine it to work? Buy milk, and then wait 10 minutes or so (or 1h as some bitcion retailers do) at a cashier for confirmation of your payment? |
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e1ghtSpace
Legendary
Offline
Activity: 1526
Merit: 1001
Crypto since 2014
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October 30, 2015, 04:50:43 AM |
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Yeah this is my problem too. I doubt we can do anything about it unless we switch to an altcoin. Maybe ETH or Tau Chain / Zennet? |
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Cereberus
Legendary
Offline
Activity: 910
Merit: 1000
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October 30, 2015, 04:55:04 AM |
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The thing was a while ago it was being toted as an anonymous way to send e-currency(on a blockchain). We all know that is false. Anyone's tx can be traced. But if the masses believe this, let them. It will just be a novel way to make payments and adapt it their daily lives. Ignorance is bliss  |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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October 30, 2015, 07:47:54 AM |
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get them is hard and slow and not cheap in most places.
sadly there is nothing that the devs can do about it
if it was cheap bitcoin was doomed, bitcoin is mean to be expensive in the future, and there will be those that will buy even at 10k, but a less amount everything will be the same as now, there will be a leveling |
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cjmoles
Legendary
Offline
Activity: 1176
Merit: 1016
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October 30, 2015, 08:06:15 AM |
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I have a problem with Bitcoin that would be nice to have fixed and could also increase its adoption. My biggest problem with Bitcoin is that I cannot reverse a transaction if I did not receive the goods I purchased. I believe that there are many who feel the same so don't adopt its use because of that problem.
A possible solution could be some sort of key that's transmitted back that would release the transaction once it was complete. For example: I send some amount of bitcoin to an address online for some t-shirts, once the t-shirts arrive, they arrive with a key that I use to release the transaction....the other party would also have the key to release the funds so that both parties have an equality in the transaction....some idea like that would make Bitcoin more attractive to skeptical adopters.
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