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Author Topic: What's your biggest problem with Bitcoin  (Read 135098 times)
sana9821
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November 16, 2015, 08:54:22 PM
 #641

i believe that the biggest problem for me is price fluctuations and sometimes long confirmation times if i want to deposit to a casino

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November 16, 2015, 09:12:42 PM
 #642

The wait time for confirmations and option to double spend.
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November 17, 2015, 12:15:31 AM
 #643

Probably the blocks... They just never seems to confirm.
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November 17, 2015, 12:23:51 AM
 #644

For me bitcoin is good enough. But there is a problem with bitcoin especially talking about price stability. Bitcoin price jumped up so fast and fell down so quickly. I don't have enough time to save my bitcoin and earn profit from price increase.

So you want bitcoin to adjust for you to sustain your wants?

You know bitcoin today is like that and its definitely not a problem. Some are making profit out of it. It is only a virtual thing so take over your problem in it with your own self solution. Think out of the box to take advantage of that price volatility to make profit.

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November 17, 2015, 12:31:26 AM
 #645

Don't like the big fluctuations in price from day to day lately.
Just need it stable for sometime to make a difference to some.




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November 17, 2015, 12:38:00 AM
 #646

Don't like the big fluctuations in price from day to day lately.
Just need it stable for sometime to make a difference to some.

Read my previous post? Thats my answer to you. Price fluctations really not a problem if you know how to take advantage of it. Its not the bitcoin problem itself because its normal for every currencies. Even fiat experiencing it so how the hell thats a problem.

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November 17, 2015, 12:40:50 AM
 #647

Don't like the big fluctuations in price from day to day lately.
Just need it stable for sometime to make a difference to some.
Last few days it has been floating around 320. If you don't like the fluctuation, then sell before the halving. Easy as that. However if bitcoin gains mass adoption the fluctuations will get smaller and smaller over time, meaning that as more people use bitcoin the less volatile it is. however we are going to see big price jumps before it gets to a stable level.

Every problem in bitcoin is a paradox. problem a would be solved if we would meet b criteria. So I guess the only problem with bitcoin is that it's just too young.


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November 17, 2015, 03:23:59 AM
 #648

The possibility of a double spend  Shocked

But really, this is unpreventable.

What I'd like a fix for is the coinbase. With each halving and the knowledge of an upcoming halving, bitcoin becomes highly volatile. This is very bad for an economy that should stay stable.

looking for a signature campaign, dm me for that
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November 17, 2015, 03:52:53 AM
 #649

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.
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November 17, 2015, 08:36:48 PM
 #650

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

It is a huge problem for sure, we feel that it is wasting our time and that is true, but why don't you look at the the other benefits that bitcoins is offering us, for one minus point you cannot blame bitcoin as it is helpful and have made our lives very much comfortable in many ways. The main problem for me with bitcoins is that I don't have much of bitcoins in my wallet  Grin
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November 17, 2015, 09:07:00 PM
 #651

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

Using an altcoin is not the solution. I send my transactions always with a 10K satoshi fee.  The transactions confirm within 2 blocks. It's that simple. To be even more sure, you must add 1000 satoshi's per KB. Then you are mostly fine.
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November 18, 2015, 03:15:20 AM
 #652

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

Using an altcoin is not the solution. I send my transactions always with a 10K satoshi fee.  The transactions confirm within 2 blocks. It's that simple. To be even more sure, you must add 1000 satoshi's per KB. Then you are mostly fine.

that is good advice, but sometimes getting the confirmation blocks take wayyyyy too long.  usually its okay, but sometimes it takes for ever.
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November 18, 2015, 03:15:50 AM
 #653

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

It is a huge problem for sure, we feel that it is wasting our time and that is true, but why don't you look at the the other benefits that bitcoins is offering us, for one minus point you cannot blame bitcoin as it is helpful and have made our lives very much comfortable in many ways. The main problem for me with bitcoins is that I don't have much of bitcoins in my wallet  Grin

ด็้็้็้็้็้༼◉Д◉༽ด็้็้็้็้็้  I agree that is my biggest problem too
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November 18, 2015, 03:59:10 AM
 #654

maybe lack of adoption..and for me,i have problem with,how to get free bitcoin easily Grin
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November 18, 2015, 04:11:46 AM
 #655

maybe lack of adoption..and for me,i have problem with,how to get free bitcoin easily Grin

Your problem is really a shit lol. That is really a problem if you will focus on thinking to get a free bitcoin easily. Work for it like everyone else does. Waiting for someone or anything that will get you free bitcoin is really ridiculious.

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November 18, 2015, 01:59:32 PM
 #656

The possibility of a double spend  Shocked

But really, this is unpreventable.
-snip-
Yes. But Bitcoin itself right now makes double spending on no confirmation transactions extremely hard and expensive. After one confirmation, the probability is close to 0. 51% attacks would be very possible at all times but there is no motive for such an attack and it is too expensive.
For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

Using an altcoin is not the solution. I send my transactions always with a 10K satoshi fee.  The transactions confirm within 2 blocks. It's that simple. To be even more sure, you must add 1000 satoshi's per KB. Then you are mostly fine.
No matter how much fee you pay, a block must be mined before you have a chance for the transaction to be confirmed. And yes, alt coin is not a solution either. Alt coins, with their faster block times and lesser hashrate have lesser security and would need more confirmation for it to be as safe as Bitcoin's one confirmation.

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owm123
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November 18, 2015, 02:07:02 PM
 #657

I wished bitcoin was more anonymous, because in its current form its not very anonymous (http://www.bitcoinisnotanonymous.com/).

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
richardsNY
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November 18, 2015, 02:10:15 PM
 #658

The possibility of a double spend  Shocked

But really, this is unpreventable.
-snip-
Yes. But Bitcoin itself right now makes double spending on no confirmation transactions extremely hard and expensive. After one confirmation, the probability is close to 0. 51% attacks would be very possible at all times but there is no motive for such an attack and it is too expensive.
For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Yup.   If you need it done fast, use dogecoin as an example.  I've sent stuff with tx fee, and it took over 6-7 hours....just the time to find a block.  etc, etc.  A lot of people dont think this is a problem, but its a huge problem.

Using an altcoin is not the solution. I send my transactions always with a 10K satoshi fee.  The transactions confirm within 2 blocks. It's that simple. To be even more sure, you must add 1000 satoshi's per KB. Then you are mostly fine.
No matter how much fee you pay, a block must be mined before you have a chance for the transaction to be confirmed. And yes, alt coin is not a solution either. Alt coins, with their faster block times and lesser hashrate have lesser security and would need more confirmation for it to be as safe as Bitcoin's one confirmation.


I know miners need to mine a block first. Adding an appropriate fee will make your chances of getting your transaction included in the next block much higher. If you add an even higher than recommended fee, than your chances of being included in the next block are getting even bigger.
Amph
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November 18, 2015, 02:13:12 PM
 #659

I wished bitcoin was more anonymous, because in its current form its not very anonymous (http://www.bitcoinisnotanonymous.com/).

nothing can be 100% anonymous if you use to buy stuff, because the simple thing that you need to reveal your shipping address will reveal your identity it does not matter how you pay at that point
PAKYU
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November 18, 2015, 02:13:17 PM
 #660

My biggest problem is how to explain bitcoin easily to my friends.
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