Supercrypt
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Activity: 1554
Merit: 1054
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February 21, 2016, 05:14:18 PM |
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Long Confirmation time
Least Popular
Cannot use to buy physical things
Price volatility
The points you have stated aren't actually real problems of bitcoins. 1. Confirmation time depends on the fee and if you add a huge fee, your transaction is confirmed within few minutes. 2. Bitcoin is not less popular today and most of the people who I have met have already read about it and know about it. That's true that they don't read positive stuff about the currency. 3. Bitcoins can be used to buy physical items but they cannot be used in physical stores. 4. That's the advantage of using bitcoins as if today you buy 0.01 BTC for $4 and tomorrow the price reaches $10, you have earned at least $6 profit. It can drop as well but that's why many do use it. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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desired_username
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February 21, 2016, 05:25:41 PM |
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My biggest problem with bitcoin currently is the apparent difficulty to remove the influence of Borgstream.
3. Bitcoins can be used to buy physical items but they cannot be used in physical stores.
I frequently use bitcoin to buy physical items in physical stores |
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bitgolden
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Activity: 2786
Merit: 1128
Leading Crypto Sports Betting & Casino Platform
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February 21, 2016, 05:30:41 PM |
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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.
yeah, it's also my biggest problem, especially when I really need money to buy something  then I have to wait for miner to confirm my transaction, but I think it depends on your lucky and today I just need less than 30 minutes for the confirmation If you use blockchain, you can send bitcoins even if the transaction is not confirmed. I agree that it takes time but if you need bitcoins urgently, you can ask the sender to add a high fee so that it gets confirmed soon. |
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elloco4ever
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February 21, 2016, 05:42:20 PM |
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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.
yeah, it's also my biggest problem, especially when I really need money to buy something then I have to wait for miner to confirm my transaction, but I think it depends on your lucky and today I just need less than 30 minutes for the confirmation If you use blockchain, you can send bitcoins even if the transaction is not confirmed. I agree that it takes time but if you need bitcoins urgently, you can ask the sender to add a high fee so that it gets confirmed soon. Yes that's true i have been doing that and honestly i am a biggest fan of blockchain |
Am I spamming? Report me!
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owm123
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February 21, 2016, 10:01:57 PM |
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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.
yeah, it's also my biggest problem, especially when I really need money to buy something then I have to wait for miner to confirm my transaction, but I think it depends on your lucky and today I just need less than 30 minutes for the confirmation If you use blockchain, you can send bitcoins even if the transaction is not confirmed. I agree that it takes time but if you need bitcoins urgently, you can ask the sender to add a high fee so that it gets confirmed soon. And how regular ppl show now what fee is correct? Most will use whatever fee is set by default by their wallet software. If this is wrong fee, then how should be it set, and why wallets have it wrong? |
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nickenburg
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February 21, 2016, 10:14:53 PM |
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For me the biggest problem and I also see that in my surroundings.
Is just Bitcoin got to expensive for the normal people, even for me who is really interested in the concept,
it's hard to acquire some bitcoins because I have little to no income!
Most people don't wanna risk 400$ for a Bitcoin
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owm123
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February 21, 2016, 11:24:52 PM |
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For me the biggest problem and I also see that in my surroundings.
Is just Bitcoin got to expensive for the normal people, even for me who is really interested in the concept,
it's hard to acquire some bitcoins because I have little to no income!
Most people don't wanna risk 400$ for a Bitcoin
You can just buy a fraction of a bitcoin, e.g. $10 worth of bitcoin, or whatever you want to spend. |
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Nameless Coin
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February 21, 2016, 11:25:50 PM |
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For me the biggest problem and I also see that in my surroundings.
Is just Bitcoin got to expensive for the normal people, even for me who is really interested in the concept,
it's hard to acquire some bitcoins because I have little to no income!
Most people don't wanna risk 400$ for a Bitcoin
They are not forced to buy a whole bitcoin. Buying part of a bitcoin is also good. For me the problem with bitcoin is the lack of branding/promotion. This should be executed better. |
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iwasneverhere
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February 21, 2016, 11:27:45 PM |
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My biggest problem with bitcoin is not having enough. Just kidding.
My problem with bitcoin us user adoption. For some reason not a lot of people actually use it even though they know about it. It needs to enter the regular joes mind and use. Moms paying with bitcoin at wal-mart, stuff like that. It is alongside conventional money, but I would like to see it go toe to toe with credit cards. Just my opinion.
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owm123
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February 22, 2016, 12:06:51 AM |
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My biggest problem with bitcoin is not having enough. Just kidding.
My problem with bitcoin us user adoption. For some reason not a lot of people actually use it even though they know about it. It needs to enter the regular joes mind and use. Moms paying with bitcoin at wal-mart, stuff like that. It is alongside conventional money, but I would like to see it go toe to toe with credit cards. Just my opinion.
What? And you expect ppl to wait in a line for everyone's 10min confirmation time of their bitcoin payment, or 1h or more if they buy something bigger than groceries? I guess ppl would love to wait for hours in a wal-mart, just to have their btc transactions confirmed, before leaving the shop. Or shops would like customers go without confirming their transactions. Because you know, if you make transaction with low fees, for example, it will bounce back to you after a while if no miner will pick them up. So shops would like this probably as well. |
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diodio5
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February 22, 2016, 12:45:38 AM |
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For me the biggest problem and I also see that in my surroundings.
Is just Bitcoin got to expensive for the normal people, even for me who is really interested in the concept,
it's hard to acquire some bitcoins because I have little to no income!
Most people don't wanna risk 400$ for a Bitcoin
our assessment is different, I think the higher the price of bitcoin. it will be a lot of people and investors will be attracted to bitcoin, as it did in 2013 where prices could rise more than $ 1,000. which also took me to the world bitcoin |
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Laosai
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February 22, 2016, 01:04:02 AM |
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My biggest problem with bitcoin is not having enough. Just kidding.
My problem with bitcoin us user adoption. For some reason not a lot of people actually use it even though they know about it. It needs to enter the regular joes mind and use. Moms paying with bitcoin at wal-mart, stuff like that. It is alongside conventional money, but I would like to see it go toe to toe with credit cards. Just my opinion.
What? And you expect ppl to wait in a line for everyone's 10min confirmation time of their bitcoin payment, or 1h or more if they buy something bigger than groceries? I guess ppl would love to wait for hours in a wal-mart, just to have their btc transactions confirmed, before leaving the shop. Or shops would like customers go without confirming their transactions. Because you know, if you make transaction with low fees, for example, it will bounce back to you after a while if no miner will pick them up. So shops would like this probably as well. You don't have to. Do you know how to take advantage of the lack of confirmation? No. And nearly nobody does. It's not that easy you know... It could be fairly imaginable to see people paying without the tx's to have been done! |
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Pattart
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February 22, 2016, 01:36:07 AM |
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My biggest problem with bitcoin is not having enough. Just kidding.
My problem with bitcoin us user adoption. For some reason not a lot of people actually use it even though they know about it. It needs to enter the regular joes mind and use. Moms paying with bitcoin at wal-mart, stuff like that. It is alongside conventional money, but I would like to see it go toe to toe with credit cards. Just my opinion.
Its just time dude. if you want to You can help accelerate the adoption of bitcoin bitcoin to advertise and promote it to your friends |
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klm bitcoin
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February 22, 2016, 04:00:17 AM |
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For me it is the the amount of scammers that are surrounded with bitcoin. It gives bitcoin a bad name and frightnes potential adopters/ companies to get started with bitcoin.
The way bitcoin works, leaves no dissatisfaction to me.
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dollarneed
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February 22, 2016, 04:16:42 AM
Last edit: February 22, 2016, 05:23:53 AM by dollarneed |
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For me the problem with bitcoin is the lack of branding/promotion. This should be executed better.
starting from now, we are the campaigner of bitcoin, this is our role to promote the bitcoin to the entire world, keep talking bitcoin is the one example, there so many way to promote bitcoin, like reffering friends and prefer to use bitcoin as payment processor for their online transaction, asking owner shop to accept bitcoin etc yeah that's gonna be cool |
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jonathgb25
Full Member
Offline
Activity: 140
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 22, 2016, 09:18:45 AM |
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For me it is the the amount of scammers that are surrounded with bitcoin. It gives bitcoin a bad name and frightnes potential adopters/ companies to get started with bitcoin.
The way bitcoin works, leaves no dissatisfaction to me.
This is also happening when two parties has a medium of exchange of fiat currency. It is just the scammers using bitcoin as their medium for scamming because they can leave the transaction with a minimum risk of exploitation of identity.  |
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Kalder
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February 22, 2016, 09:34:15 AM |
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For me it is the the amount of scammers that are surrounded with bitcoin. It gives bitcoin a bad name and frightnes potential adopters/ companies to get started with bitcoin.
The way bitcoin works, leaves no dissatisfaction to me.
Scammers give bitcoin a bad name, it make people think it is easily hackable and associated with bad people. |
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harizen
Legendary
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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February 22, 2016, 10:17:28 AM |
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For me it is the the amount of scammers that are surrounded with bitcoin. It gives bitcoin a bad name and frightnes potential adopters/ companies to get started with bitcoin.
The way bitcoin works, leaves no dissatisfaction to me.
Scammers give bitcoin a bad name, it make people think it is easily hackable and associated with bad people. Disagree. It's up to people if they will believed that bitcoin is easy to hack. If they will learn more about bitcoin, probably they will not think about that. And bitcoin is money so any associated crimes, negative/bad news, illegal activities etc. that money involves can also be happened in bitcoin. |
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tn211
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February 22, 2016, 10:32:29 AM |
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Long Confirmation time
Least Popular
Cannot use to buy physical things
Price volatility
The points you have stated aren't actually real problems of bitcoins. 1. Confirmation time depends on the fee and if you add a huge fee, your transaction is confirmed within few minutes. 2. Bitcoin is not less popular today and most of the people who I have met have already read about it and know about it. That's true that they don't read positive stuff about the currency. 3. Bitcoins can be used to buy physical items but they cannot be used in physical stores. 4. That's the advantage of using bitcoins as if today you buy 0.01 BTC for $4 and tomorrow the price reaches $10, you have earned at least $6 profit. It can drop as well but that's why many do use it. Yes ,indeed I also hate the point that the confirms takes to long, it sometimes take ages if before its confirmed by 1, I hope they will make this faster. The point is also that fee's are high for the confirms so if you got less more to spend it will take longer, what is really annoying of course. |
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valta4065
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February 22, 2016, 10:43:59 AM |
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For me it is the the amount of scammers that are surrounded with bitcoin. It gives bitcoin a bad name and frightnes potential adopters/ companies to get started with bitcoin.
The way bitcoin works, leaves no dissatisfaction to me.
Scammers give bitcoin a bad name, it make people think it is easily hackable and associated with bad people. Disagree. It's up to people if they will believed that bitcoin is easy to hack. If they will learn more about bitcoin, probably they will not think about that. And bitcoin is money so any associated crimes, negative/bad news, illegal activities etc. that money involves can also be happened in bitcoin. Yeha but bitcoin is really linked to huge scamming parties you got to admit that... |
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