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Author Topic: What's your biggest problem with Bitcoin  (Read 135036 times)
michnelli6
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March 02, 2016, 11:43:15 AM
 #1281

The biggest problem with btc for me is that I often cant resist myself and start gambling, that time itself I loose all my bitcoins. But anyways not a big issue, because sometimes I win also Tongue
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March 02, 2016, 11:52:50 AM
 #1282

The Big Exchanges like Kraken / Bitstamp etc are to often under DDOS or Cloudfare downs.....

Kraken slowed down also since they took the canadian & usa users too.,
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March 02, 2016, 12:42:33 PM
 #1283

i'm personally not worried about the conformation times, there are many ways to fix that problem, such as using coinbase, or some other trusted third party.
my concern is the limit. what are we going to do when 98% of the currency is mined, and a vast majority of it is held by a few people, as it is now?
my personal suggestion, would be to make the number of bitcoins unlimited, but always produce the same amount every year. that makes bitcoin predictable, and keeps it valuable.
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March 02, 2016, 12:47:27 PM
 #1284

My biggest problem is i cant get enough from it Cheesy BTC-BTC

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March 02, 2016, 12:50:32 PM
 #1285

The biggest problem with btc for me is that I often cant resist myself and start gambling, that time itself I loose all my bitcoins. But anyways not a big issue, because sometimes I win also Tongue

But its better that you stay away from it as you would loose everything in a long run, its better you hold your bitcoins for future rather then wasting it in a gambling.
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March 02, 2016, 12:52:03 PM
 #1286

Confirmation time is the biggest issue.
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March 02, 2016, 01:09:55 PM
 #1287

The Big Exchanges like Kraken / Bitstamp etc are to often under DDOS or Cloudfare downs.....

Kraken slowed down also since they took the canadian & usa users too.,

Then if that is the case and you feel bitcoin are not safe in that exchange site then stop using their services and head on to other exchanges sites.

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March 02, 2016, 03:13:30 PM
 #1288

Oh ok, surprise me Smiley

I dont know at least 1 Exchange which "IS or WAS" never under a DDOS attack or anything like that.

So that is the Main Part of the Problem, as long as Hacker try to Hack it Wink always every Live-Trade-Bitcoin-Core Exchange Site will be down
to secure their Funds.

I am not sure but please tell me which one you are thinking or using.

Greetings
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March 02, 2016, 08:42:49 PM
 #1289

Confirmation time is the biggest issue.
A year ago I would get 1000 sat or even zero fee transfers confirmed within one or just a few blocks. Currently 10,000 sat is not even enough to get a confirmation within 10 hours. In my opinion this can only be solved by allowing more transactions per second, which means either larger blocks or more blocks.

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March 02, 2016, 09:03:39 PM
 #1290

Confirmation time is the biggest issue.
A year ago I would get 1000 sat or even zero fee transfers confirmed within one or just a few blocks. Currently 10,000 sat is not even enough to get a confirmation within 10 hours. In my opinion this can only be solved by allowing more transactions per second, which means either larger blocks or more blocks.

Yout gotta thik about miners too, electricity aint cheap with all those nasty taxes on it.

The fee market is rising and thats just how economy works.

simplelife888
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March 02, 2016, 11:44:08 PM
 #1291

Confirmation time is the biggest issue.
This is problem for me too when i see in my walled unconfirmed transaction long time this make me angry because i should wait and i cant do anything for it
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March 02, 2016, 11:51:59 PM
 #1292

Biggest problems I face is the following.

Blockchain size. Takes far too long to download even on 100Meg connection to download. Even using torrent, importing takes far too long. Needs to be compressed made much smaller for the average person to be able to download and lots of people I know have limited storage and bandwidth that deters them from using main wallets like core.

Crashes. From the last versions of core from 0.10 and above do not work nice on my SSD get to load about 90% of blockcahin data and crashes and then re scans and indexes.


Biggest problem I would say is it being used for scams or people getting scammed then seeing more bad news about it is a massive problem and business that where using it stop using. Or governments make stupid rules and regulations up to ban and stop use of it. If all of this stopped and more was done and better regulation and governments having a much better understanding of Bitcoin it would solve a lot of problems and would make Bitcoin much stronger for becoming mainstream.

That's my 2 satoshis.

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betohell
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March 03, 2016, 12:14:53 AM
 #1293

Confirmation time is the biggest issue.
yeah I also feel like you. even 1 had time to feel annoyed. for a very long time confirmation. how to fix it ?

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March 03, 2016, 12:17:20 AM
 #1294

I think my biggest problem is the sending of your bitcoin to other wallets it takes long somehow to send your bitcoin wallet to other bitcoin wallets website, I'm hoping that somehow they will improve it to instant payment / transaction of sending bitcoins.
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March 03, 2016, 12:56:00 AM
 #1295

I think my biggest problem is the sending of your bitcoin to other wallets it takes long somehow to send your bitcoin wallet to other bitcoin wallets website.
Neh, I'd disagree with your view(point). Increase the fee (1000B= 0.00011+Btc) & you'll get instant confirmations.
P.S.-> Anyway the biggest problem is illegal uses of bitcoin (by criminals) now a days I'd say.
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March 03, 2016, 06:10:07 AM
 #1296

my only problem with bitcoin has always been the time that it takes for one confirmation. with normal fees I have had at least 3 minutes and at most 12 hours and these days the normal fee should be much higher just to get high priority and wish for a 10 minute confirmation.

....
Neh, I'd disagree with your view(point). Increase the fee (1000B= 0.00011+Btc) & you'll get instant confirmations.
P.S.-> Anyway the biggest problem is illegal uses of bitcoin (by criminals) now a days I'd say.

illegal use of bitcoin is no more than illegal use of fiat. it is even way lower than that. the problem is the Media trying to show it the other way around.

Only Bitcoin
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March 03, 2016, 06:16:35 AM
 #1297

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.

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March 03, 2016, 06:19:59 AM
 #1298

driving me nuts when my transaction never confirmed.
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March 03, 2016, 06:22:08 AM
 #1299

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.
Fluctuating prices are one of my favorite thing about bitcoins. It gives me to earn big profits by trading either as a day trader when I see some bigger movements. I do not see that changing prices of bitcoin as a problem for myself, on the other hand I love it.
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March 03, 2016, 07:09:10 AM
 #1300

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.
Fluctuating prices are one of my favorite thing about bitcoins. It gives me to earn big profits by trading either as a day trader when I see some bigger movements. I do not see that changing prices of bitcoin as a problem for myself, on the other hand I love it.
for most of them traders prefer fluctuations. because they can earn a lot of profit from it. but for many people using bitcoin to buy something. and ordinary users like me. of course I would prefer a stable price bitcoin
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