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Author Topic: What's your biggest problem with Bitcoin  (Read 135104 times)
akosimakulit
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June 30, 2016, 07:27:53 AM
 #1921

The fact that people have so hard time using it. I understand why people hate trying anything new, because of the risks associated. For example, I promised to pay one guy small amount of money as BTC, but he doesn't manage to set up a wallet. It should be fairly easy, but as a non-technical conservative guy I think he fears it. Don't know if there is any easy way to get over that fear. Smiley
There is a relatively easy answer to this, making a blockchain account is 1000x times easier than making a paypal account and if people have trouble in making blockchain account how they can use paypal and others ?


Thanks for Your Responses I Learned a Lot From The Response From People Here. God Bless! Smiley
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June 30, 2016, 07:37:17 AM
 #1922

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.
I also have that problem but one of my other problems is that it can sometimes can be a while before you make money with the Bitcoin again. I know that you will have to be patient with Bitcoin but I do still not like it.
I hope that I can make money fast again.
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June 30, 2016, 08:07:48 AM
 #1923

The fact that people have so hard time using it. I understand why people hate trying anything new, because of the risks associated. For example, I promised to pay one guy small amount of money as BTC, but he doesn't manage to set up a wallet. It should be fairly easy, but as a non-technical conservative guy I think he fears it. Don't know if there is any easy way to get over that fear. Smiley
There is a relatively easy answer to this, making a blockchain account is 1000x times easier than making a paypal account and if people have trouble in making blockchain account how they can use paypal and others ?


Thanks for Your Responses I Learned a Lot From The Response From People Here. God Bless! Smiley

That's a good thing that somebody is learning from discussions here. That's the purpose of why we are here for discussion.
So that in the future you are the one that will going to teach those newbies about the problems that we are experiencing with bitcoin.
And you can give some appropriate solutions into it.

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June 30, 2016, 08:10:42 AM
 #1924

Confirmation time, and the increase of the fee costs.
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June 30, 2016, 08:13:55 AM
 #1925

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.
I also have that problem but one of my other problems is that it can sometimes can be a while before you make money with the Bitcoin again. I know that you will have to be patient with Bitcoin but I do still not like it.
I hope that I can make money fast again.
Same I want to make money fast again than now, but I'm tried another way like to gain bitcoin fast but it does not work because I'm not had a patience and i'm a careless person. until this i always tried another way to get more bitcoin but i never try suspicious ways. we have an same problem and maybe can find the answer to this problem.

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June 30, 2016, 09:10:50 AM
 #1926

Confirmation time, and the increase of the fee costs.

Well I would say that this is the biggest problem with bitcoin that everyone is experiencing right now.
But the delay only is the problem and the confirmation.
But for me, it is not a big deal at all. As it only takes a couple of minutes.

Imoote
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July 01, 2016, 08:04:45 AM
 #1927

Well I dont have a particularly big problem on bitcoin. My only problem in it is that sometimes confirmation time takes long. Thats the only thing I don't like in it.
Yes perhaps most and the average person just experiencing that problem. But it could interfere with the comfort we as users. I myself have experienced more disruption than 4 days. Perhaps we are more comfortable that something like that never happens again.
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July 01, 2016, 09:07:04 AM
 #1928

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.
My biggest problem of bitcoin is all about i can't reach 1btc. It is very hard and difficult for me to reach that kind of amount btc. 😞 I try all my strategy to reach that. But it is not working. Anyone else any have suggestions to reach that amount? Because it is very important to me now. I'll take a faucet. But there is a problem with faucet because faucet is too slow to get and earn a bitcoin.. it takes a long time ago. That's my biggest problem right now. 😞😃😃
JeffBrad12
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July 01, 2016, 09:26:13 AM
 #1929

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.
My biggest problem of bitcoin is all about i can't reach 1btc. It is very hard and difficult for me to reach that kind of amount btc. 😞 I try all my strategy to reach that. But it is not working. Anyone else any have suggestions to reach that amount? Because it is very important to me now. I'll take a faucet. But there is a problem with faucet because faucet is too slow to get and earn a bitcoin.. it takes a long time ago. That's my biggest problem right now. 😞😃😃
Damn are you serious just making a different post in the same topic with a recurring, I sure it's not a first time you quote this topic. maybe yesterday you are all ready to make a posting on the same topic but this time, you repeat again just with a different word and have the same means. the shitty post.

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July 01, 2016, 12:42:40 PM
 #1930

Well I dont have a particularly big problem on bitcoin. My only problem in it is that sometimes confirmation time takes long. Thats the only thing I don't like in it.

Well for me the problem with the confirmation of each transaction is not even a problem for me. As it only takes few minutes for a transaction to be confirmed.
But it is better if the dev team is going to improve that.

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July 01, 2016, 01:19:02 PM
 #1931

My biggest problem with the bitcoin is that it has confirms with payments and when you are using low fee's it really takes a lot of time before someone will receive it...
Its very annoying in my eyes and a big problem..

You should not worry about payment confirmation. When the transaction hit the blockchain consider it done. If you deal with large amounts I would however wait for 6 confirmation to avoid double spends.
Well, whenever doing transactions with anyone ask them to pay a higher fees while sending and even if they don't you can check the fees they paid and if its non zero and non dust then check if there is no unconfirmed input, if not then surely your txn will get confirmed.
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July 01, 2016, 01:26:19 PM
 #1932

Confirmation time, and the increase of the fee costs.

To confirm the problem is indeed now a pretty serious problem. Because that could be the thing that can make us into loss due to delay confirmation. This could happen because of the stability of the bitcoin is being compromised because the halving, so inevitably this problem will be quickly completed. To increased costs, I think there is no increase in cost for each transaction in the bitcoin
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July 01, 2016, 02:11:12 PM
 #1933

I think that the main problem for me personaly is inability to spend bitcoins well online and offline, i hope that someday bitcoin will become more popular than now.

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July 01, 2016, 02:17:49 PM
 #1934

Confirmation time, and the increase of the fee costs.

To confirm the problem is indeed now a pretty serious problem. Because that could be the thing that can make us into loss due to delay confirmation. This could happen because of the stability of the bitcoin is being compromised because the halving, so inevitably this problem will be quickly completed. To increased costs, I think there is no increase in cost for each transaction in the bitcoin
Maybe next project will bring the fixed way to a solved this problem, let's wait about LN project. for fee cost, i think it's not a big problem because can give their life, and this fee is standard for now. I sure for a transaction with the low amount it's will became a big fee and better for you not to make a transaction with the low amount if you want to withdrawal better to wait for it until became a medium amount.

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July 01, 2016, 02:47:18 PM
 #1935

My biggest problem with the bitcoin is that it has confirms with payments and when you are using low fee's it really takes a lot of time before someone will receive it...
Its very annoying in my eyes and a big problem..

You should not worry about payment confirmation. When the transaction hit the blockchain consider it done. If you deal with large amounts I would however wait for 6 confirmation to avoid double spends.
Well, whenever doing transactions with anyone ask them to pay a higher fees while sending and even if they don't you can check the fees they paid and if its non zero and non dust then check if there is no unconfirmed input, if not then surely your txn will get confirmed.

To at least minimize the transaction confirmation time, one can use a web wallet that pays transaction fee. There fees applied on every transaction is vary per amount. So for a decent amount transaction, it will just take a minutes.

Those people that always got lots of crying activity because of confirmation time, I think only sending or receiving small amount like below 50k satoshis. It's common for faucet users.
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July 01, 2016, 06:30:55 PM
 #1936

For me, the confirmations time, I hope Bitcoin adopt VNL Zero time confirmation..
confirmation times is depends on the site that you want to invest in, other site has long confirmation time but other is instant  Grin maybe bitcoin developers will fix that soon.
There is nothing developers can do really about confirmation time. Reason being once the chain is overwhelmed with transactions, miners choose transactions with higher fees and hence some are left unconfirmed. This might happen even with 100MB block size.
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July 01, 2016, 06:32:49 PM
 #1937

Confirmation time, and the increase of the fee costs.

Yeah that two is really becoming problems in bitcoin, people started to love bitcoin because of instant transaction and low transaction fee, and now these both are going to escape.
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July 01, 2016, 06:43:05 PM
 #1938

This time I did not have any issues about bitcoin. however, sometimes the delivery confirmation bitcoin in large numbers might be a bit long, it was a bit annoying, but it does not matter as long as the fee is given quite small
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July 02, 2016, 05:10:34 AM
 #1939

This time I did not have any issues about bitcoin. however, sometimes the delivery confirmation bitcoin in large numbers might be a bit long, it was a bit annoying, but it does not matter as long as the fee is given quite small
Yes me too have experienced the disorder. My delivery pending for 4 days and that I will use. It was a little disturbing to me and the tires of people who experience it. If it happens continuously it may make us uncomfortable, and hopefully can be immediately corrected.
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July 02, 2016, 01:31:30 PM
 #1940

Confirmation time, and the increase of the fee costs.

To confirm the problem is indeed now a pretty serious problem. Because that could be the thing that can make us into loss due to delay confirmation. This could happen because of the stability of the bitcoin is being compromised because the halving, so inevitably this problem will be quickly completed. To increased costs, I think there is no increase in cost for each transaction in the bitcoin
I pretty much don't mind the transaction confirmation times as long as it is confirmed under an hour. As for all my transactions, I've only had one tx confirmation that went over an hour (two hours, actually) but all in all, it doesn't seem to pose any problem for me just yet.
However, some, if not most, businesses/merchants/shops are directly affected of this issue.
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