What's your biggest problem with Bitcoin

[Ninjaskills]

First the safety of the BTC so you can't get scam.

Second the mining part it take so much electricity. :/

Third well I think everyone agrees that BTC goes down and up is scary when it goes down.

all related to money there must be a fraud and scam, not with the exception of bitcoin

What you have never heard of scam in bitcoin?

mtgox
hashprofit
many other

[Furio]

The techies and ego's, people need to understand that if you want mass adoption, tech or flashy code isnt going to help, free money and ease to use is the only thing that counts to let non interested people see that it is the future, the tons and even millions of bitcoin in cold storage need to be distributed among interested people, but how in the hell, that is still the question, which a techie or ego will NEVER fix...

[Furio]

First the safety of the BTC so you can't get scam.

Second the mining part it take so much electricity. :/

Third well I think everyone agrees that BTC goes down and up is scary when it goes down.

all related to money there must be a fraud and scam, not with the exception of bitcoin

What you have never heard of scam in bitcoin?

mtgox
hashprofit
many other

I allways have to laugh about electricity, what you think your bank, and for that matter ANY datacentre uses, MUCH MUCH more than the blockchain, while the blockchain has the potential to register and log ANYTHING digital.... think about that

Also if we had started with clean power, like 100 years ago when it was invented, we all would be fossil free by the mid 50's, but hey, capitalism, we all know how that went, 600 billion per year on war, while 300 million a year is enough to end world hunger...

It's the system that makes you think this, yet the system is prooven fraud and wrong, we could have been so much more as mankind, yet we all choose servitude, every day, again and again, believe it or not, you are NOT free, you are a slave, and untill you see that, things will never change, because guess what, our slaveowners will incorporate the blockchain, and the sheeple will follow once again....

[Blue_Tiger73]

The biggest problem for me is the transaction times. It takes quite a long time to send and receive money. On one occasion, it took 10 hours before the transaction went through.

[dollarneed]

The biggest problem for me is the transaction times. It takes quite a long time to send and receive money. On one occasion, it took 10 hours before the transaction went through.

So far I've paid for anything with bitcoin, sometimes it takes quite a long time and sometime the transaction was instantaneous. But i still love it coz bitcoin have small fee and it better than International money transfer, it takes much longer.

[ranochigo]

Confirmation time. People are saying it's more secure but it would also increase the transaction per second limit without having to change the block size. But I guess it's as complicated as changing the block size, if not more .

Yes this is my biggest problem with bitcoin/blockchain issues as of late.
It is caused by the miner's transaction fees being too small I know. But can it not be eliminated all together?
What is the minimum 0.0001btc? That is essentially 4 cents if not less now. This can be done away with right?

The minimum is 0, as long as you qualify by having your outputs being higher than 0.01, high coin age, size below 1kb. Confirmation times IMO shouldn't be changed, that would only make merchants require more confirmations as they are less safe.

The biggest problem for me is the transaction times. It takes quite a long time to send and receive money. On one occasion, it took 10 hours before the transaction went through.

So far I've paid for anything with bitcoin, sometimes it takes quite a long time and sometime the transaction was instantaneous. But i still love it coz bitcoin have small fee and it better than International money transfer, it takes much longer.

Transactions propagates instantaneously with almost no delay since most internet are quite fast now and the transaction size is very small.

IMO, you should use the average fee on the network to minimize delay on cointape.com. Even if it isn't accurate, it does give a rough representation of the fees you should pay.

[TastyChillySauce00]

biggest problem is convert to my currency, I'm pretty hard to change, because there is no exchanger that converts into my currency

You can always get bitcoin debit card then withdraw the fund from your local atm
It should fix your problem with bitcoin or find local exchanger from localbitcoins

My problem with bitcoin is its confirmation time. I dont like waiting for a bit long  just to fully receive my bitcoins.

Would be great if I can receive and send bitcoins instanly without any confirmation

Try to put a bigger fee on your transcations, they would get confirmed faster

even you put bigger tx fee in your transaction, it wouldn't have any different compared to average fees ( 0.0001-0.0002) , this is just in my opinion, but i have been using bitcoin for around 2 years and that was i feel

[Parazyd]

biggest problem is convert to my currency, I'm pretty hard to change, because there is no exchanger that converts into my currency

You can always get bitcoin debit card then withdraw the fund from your local atm
It should fix your problem with bitcoin or find local exchanger from localbitcoins

My problem with bitcoin is its confirmation time. I dont like waiting for a bit long  just to fully receive my bitcoins.

Would be great if I can receive and send bitcoins instanly without any confirmation

Try to put a bigger fee on your transcations, they would get confirmed faster

even you put bigger tx fee in your transaction, it wouldn't have any different compared to average fees ( 0.0001-0.0002) , this is just in my opinion, but i have been using bitcoin for around 2 years and that was i feel

In my opinion, the default fees (~BTC0.0001) work fine these days. You generally get a confirmation with every block if you put in the default fee, so I don't see how it confirms faster if you put in a bigger fee. It's the network, not you.

[ranochigo]

biggest problem is convert to my currency, I'm pretty hard to change, because there is no exchanger that converts into my currency

You can always get bitcoin debit card then withdraw the fund from your local atm
It should fix your problem with bitcoin or find local exchanger from localbitcoins

My problem with bitcoin is its confirmation time. I dont like waiting for a bit long  just to fully receive my bitcoins.

Would be great if I can receive and send bitcoins instanly without any confirmation

Try to put a bigger fee on your transcations, they would get confirmed faster

even you put bigger tx fee in your transaction, it wouldn't have any different compared to average fees ( 0.0001-0.0002) , this is just in my opinion, but i have been using bitcoin for around 2 years and that was i feel

In my opinion, the default fees (~BTC0.0001) work fine these days. You generally get a confirmation with every block if you put in the default fee, so I don't see how it confirms faster if you put in a bigger fee. It's the network, not you.

There isn't a default fee but most services pay 0.0001BTC/KB. A higher transaction could help if the network is spamming 1mb of 0.00010001/kb fee transactions. Your transaction wouldn't get transaction before them. Anyway, if the network does not discover block as fast, everyone would end up waiting no matter how much they pay.

[knowhow]

The only person sometimes a talk about bitcoin is my wife and well she usually dont wanna know how much i have or its value,i must ask her to see and well i cant talk about it with others,fees ,confirmations and others things makes no sense when you feel that you are alone in this world ,named bitcoin.

[Miiike]

pretty much exchange it into my currency. I never tried it, though, since im still relatively new and still collecting btc.. But the only local exchanger I know needs a photo verification to complete my account, and I don't really like the idea of posting my photos

You live in Indonesian right?
for your information, you can convert your bitcoin to the fiat easiest without verification by sell them to the personal exchanger they called "jasa tukar bitcoin" or something,you can find them, the trusted member on facebook group or you can use avanpay or  pulsabtc so far they are legit,just google it or the simple way is make your own thread on our local subforum

Hey thanks!
It'll be one of the option I will think of besides exchanging it  via voucher like how people of my country suggest.

are you sure? via voucher? if iam not wrong you should upload your identity on vip before generate a voucher right? i prefer to suggest you to sell your bitcoin from your wallet on blockchain directly , i always did it, just less than IDR10k as fee which is smaller than vip's fee

Not really sure actually, as I never tried to change them into IDR before..
How do I exactly sell directly on blockchain?

[Battareus]

My biggest trouble - I have lost approximately 0.2 BTC in change addresses. I was maked a backup as soon as run the core, then after some transactions I restored backup and found that the change addresses do not belong to my wallet =//

This is more of a problem that can be solved by BIP32 implementation in Core wallet. Most other SPV clients has already implemented their own hierarchical deterministic wallets and could easily solve that problem by just remembering the seed.

For now, just make a backup every 100 transactions or less.

Instead of this I copy and paiste my own bitcoin address in change field every time I open the Core.

[tom555]

i have many problem with bitcoin,one of them ussualy about bitcoin exist,because bitcoin have no physic,i cant clearly explain to newbie.and about transaction confirmation,i also often have many problem,so many exchange have a long confirmation. but my major poblem is about bitcoin it self,i still difficult to getting free bitcoin,just because i wont to buy bitcoin with physical money..

[ranochigo]

pretty much exchange it into my currency. I never tried it, though, since im still relatively new and still collecting btc.. But the only local exchanger I know needs a photo verification to complete my account, and I don't really like the idea of posting my photos

You live in Indonesian right?
for your information, you can convert your bitcoin to the fiat easiest without verification by sell them to the personal exchanger they called "jasa tukar bitcoin" or something,you can find them, the trusted member on facebook group or you can use avanpay or  pulsabtc so far they are legit,just google it or the simple way is make your own thread on our local subforum

Hey thanks!
It'll be one of the option I will think of besides exchanging it  via voucher like how people of my country suggest.

are you sure? via voucher? if iam not wrong you should upload your identity on vip before generate a voucher right? i prefer to suggest you to sell your bitcoin from your wallet on blockchain directly , i always did it, just less than IDR10k as fee which is smaller than vip's fee

Not really sure actually, as I never tried to change them into IDR before..
How do I exactly sell directly on blockchain?

It was possible to BUY Bitcoins on Blockchain.info (service) using mobile phone. This was limited to a few countries and I didn't manage to test it out. It wasn't possible to sell Bitcoins there IIRC. There is a box which shows you the option to buy and sell Bitcoins on the right of the wallet dashboard (after you login).

[febriyana]

For me, confirmation times is the problem,
they say bitcoin is fast, but why need long time to wait 1 confimation 

[Jeremycoin]

For me, confirmation times is the problem,
they say bitcoin is fast, but why need long time to wait 1 confimation 

I think it's because there's a ton of another transactions going on in this entire Blockchain, that's why you need to wait a little longer for the confirmation.
Or you can just spend more for the transaction fee, so that the miner would confirm your transaction first.

[Parazyd]

For me, confirmation times is the problem,
they say bitcoin is fast, but why need long time to wait 1 confimation 

I think it's because there's a ton of another transactions going on in this entire Blockchain, that's why you need to wait a little longer for the confirmation.
Or you can just spend more for the transaction fee, so that the miner would confirm your transaction first.

Even if you have a 1 BTC tx fee, you would still wait an average of 10 minutes for a confirmation... The "normal" 0.0001 tx fee is just enough.

[bryant.coleman]

Even if you have a 1 BTC tx fee, you would still wait an average of 10 minutes for a confirmation... The "normal" 0.0001 tx fee is just enough.

And sometimes this can go up to 30 minutes or even 60 minutes. So we can't use Bitcoins directly for retail shopping, and have to depend upon third party processors such as Bitpay and Coinbase. The issue is that most of these payment processors block certain segments, such as legal recreational marijuana, legal firearms and porn.

[zend7]

There isn't a default fee but most services pay 0.0001BTC/KB. A higher transaction could help if the network is spamming 1mb of 0.00010001/kb fee transactions. Your transaction wouldn't get transaction before them. Anyway, if the network does not discover block as fast, everyone would end up waiting no matter how much they pay.

Yes. The blockchain size increase is very urgent now. If it is not increased any time soon, we will wait for long time however high fee we pay.

[HeroCat]

The biggest problem is BTC long transaction time from Blockchain  Sometime around 40 minutes