Amph
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Merit: 1070
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January 29, 2016, 03:48:49 PM |
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1) confirmation time is too long 2) Increasing fees will be a problem 3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe) 4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3) 5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation. 6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)
1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers 2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted 3)not a problem of bitcoin, but merchants and user base 4)again see point 1 5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web 6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org 1) Merchants can already accept zero conf transactions without any problem in the first place. Transaction malleability was never an issue since merchants would require the inputs to be confirmed. Double spend would not be able to happen without the original transaction changing it's TXID. Anyway, it has already been fixed by enforcing only low s value TXes. 2) If Bitcoin gets adopted, block size rises and miners don't have to enforce high fees anymore. 3) Yeah 4) Actually, double spending is always possible with every transaction if there is a massive block re-org or a 51% attack. If 51% attack happens, your TX needs to be behind a checkpoint for it to not get reversed no matter how long the attacker is in control. 5) There are thousands of scams on fiat too, phone scam etc. Does it ruin fiat? No. 6) Why Bitcoin Core? SPV clients are usually enough for an average joe. Synchronization is much faster now. 1) yeah but many are not willing to do so, there must be a reason, also there is a fix for malleability coming with segwit, it must count for something, there should be a 100% security about this issue, to prevent that it happen again(mtgox) 2)i'm talking about the value of fee itself, this mean that even if fee remain the same, they would be still too high, if we get something like $100k out of one coin(10k satoshi = $10, which is an issue for micropayment)
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ranochigo
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Activity: 3038
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Crypto Swap Exchange
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January 29, 2016, 04:23:38 PM |
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1) confirmation time is too long 2) Increasing fees will be a problem 3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe) 4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3) 5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation. 6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)
1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers 2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted 3)not a problem of bitcoin, but merchants and user base 4)again see point 1 5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web 6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org 1) Merchants can already accept zero conf transactions without any problem in the first place. Transaction malleability was never an issue since merchants would require the inputs to be confirmed. Double spend would not be able to happen without the original transaction changing it's TXID. Anyway, it has already been fixed by enforcing only low s value TXes. 2) If Bitcoin gets adopted, block size rises and miners don't have to enforce high fees anymore. 3) Yeah 4) Actually, double spending is always possible with every transaction if there is a massive block re-org or a 51% attack. If 51% attack happens, your TX needs to be behind a checkpoint for it to not get reversed no matter how long the attacker is in control. 5) There are thousands of scams on fiat too, phone scam etc. Does it ruin fiat? No. 6) Why Bitcoin Core? SPV clients are usually enough for an average joe. Synchronization is much faster now. 1) yeah but many are not willing to do so, there must be a reason, also there is a fix for malleability coming with segwit, it must count for something, there should be a 100% security about this issue, to prevent that it happen again(mtgox) 2)i'm talking about the value of fee itself, this mean that even if fee remain the same, they would be still too high, if we get something like $100k out of one coin(10k satoshi = $10, which is an issue for micropayment) 1) There is a fix for malleability with disabling nodes from accepting high S value TXes which works effectively. You need to understand that malleability does not cause as loss for merchants as you think. There are measures in place. 2) They can be lowered depending on what the miners want. Making a loss or taking more TXes and having more TX fees in a block. Relay fees are also configurable.
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BruceLee007
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January 29, 2016, 07:00:56 PM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money
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eeaweeaws
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January 30, 2016, 03:45:03 PM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money No mate, price is falling down at a moment and this is the right time to buy some bitcoins, as it will grow much more in future so I suggest you to buy some bitcoins if you can afford, and if you want to make quick and fast money then you should trade with bitcoins, or else go for gambling.
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romero121
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casinosblockchain.io
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January 30, 2016, 03:58:25 PM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money No increase in these days, which is the only problem of bitcoin and this time the problem is lasting for a long time. Hope this problem will come to an end within few weeks
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Strongkored
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Merit: 1112
Vave.com - Crypto Casino
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February 01, 2016, 10:45:29 AM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
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harizen
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For support ➡️ help.bc.game
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February 01, 2016, 10:57:54 AM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money. What price can you consider as high? If we are back in around $280 saga last year what it is compare to the price today? If the mining difficulty will keep on rising, the price will surely kicks and big miners will not lose money here in general.
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Imoote
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February 01, 2016, 11:12:26 AM |
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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money. What price can you consider as high? If we are back in around $280 saga last year what it is compare to the price today? If the mining difficulty will keep on rising, the price will surely kicks and big miners will not lose money here in general. Maybe I think if in this month bitcoin price decline has been a natural thing, I'm sure this year bitcoin price index increased in the previous year. We have to wait and stay calm, all will definitely return to the original.
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Mountain Jew
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February 01, 2016, 11:18:46 AM |
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I would say the fluctuations. Obviously it's not bad when they go up but Every-time I decide to finally spend a bit of my coins to buy something I want the price falls which is really annoying so I don't bother as I feel like I'll be losing money using it. Decided not to bother now and just hold them for long term in the hope that I can buy more for my money in the future.
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bob123
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February 01, 2016, 11:36:11 AM |
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Confirmation times are going to be kind of a problem IMO
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mavrick951
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February 01, 2016, 11:44:00 AM |
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Instability of the prices are a real problem to any seller who plans on selling directly in bitcoin (a third party that instantly converts it to fiat is still strongly required do make business IRL).
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pneumatic5
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★Bitvest.io★ Play Plinko or Invest!
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February 01, 2016, 11:51:28 AM |
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Confirmation times are going to be kind of a problem IMO
Confirmation is not an issue every time, sometimes the confirmations are instant, but I believe that as bitcoin will grow more in future, this issue will also be sorted out, and there are many positive sides of bitcoins, we cannot hate bitcoins only because of delay in confirmation.
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Amph
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February 01, 2016, 12:21:35 PM |
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Confirmation times are going to be kind of a problem IMO
not really it's up to the merchants, they can already accept zero conf, especially if they are going to accept any "less than 6 conf transaction" because any less than 6 can be attacked by a non-51% attack
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data1
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February 01, 2016, 12:51:04 PM |
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source of earning bitcoin is my biggest problem and the trasaction conformation time
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fruitcommander
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February 01, 2016, 12:58:33 PM |
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source of earning bitcoin is my biggest problem and the trasaction conformation time
You should join signature campaign to earn good amount of bitcoins, you can also go for faucets, but it will not pay you in huge amount and it would be very time consuming, and when it comes to confirmation time it will be solved in future.
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Pattart
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February 01, 2016, 01:07:33 PM |
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Confirmation times are going to be kind of a problem IMO
Confirmation is not an issue every time, sometimes the confirmations are instant, but I believe that as bitcoin will grow more in future, this issue will also be sorted out, and there are many positive sides of bitcoins, we cannot hate bitcoins only because of delay in confirmation. yeah agree. I don't want just because a long tim confirmation, many people hate bitcoin and leave bitcoin, I don't want that to happen I hope bitcoin, could develop fix it
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bitbollo
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Activity: 3374
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https://bit.ly/bitbollo
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February 01, 2016, 01:14:31 PM |
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source of earning bitcoin is my biggest problem and the trasaction conformation time
meanwhile it could be the way to EARN MONEY! not only btc, because you can convert fiat money in btc, or maybe make work to get paid with btc
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goinmerry
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February 01, 2016, 01:37:12 PM |
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source of earning bitcoin is my biggest problem and the trasaction conformation time
More posting with good stuffs and having some great knowledge could be the first step in earning it. It is your mind that is earning for now. Then someday it will be your wallet that will be filled up. Heads up.
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harizen
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Activity: 3122
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For support ➡️ help.bc.game
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February 01, 2016, 01:58:38 PM |
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Instability of the prices are a real problem to any seller who plans on selling directly in bitcoin (a third party that instantly converts it to fiat is still strongly required do make business IRL).
So you want the market adjust for people? If that is the case, the seller must adjust it's terms and some possible solution to cover those "holes" they see. A really good seller is thinking out of the box and those covering hole attempt can be applied in general aspects including the business of selling products thru bitcoin payment.
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iamthesky
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February 01, 2016, 02:55:46 PM |
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The problem that I am facing with bitcoins at a moment is no one in my country is aware about bitcoins, and there are no merchants that are accepting bitcoins as a mode of payment, and that makes me worried, I hope it will change in future.
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