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Author Topic: What is big problem in using of bitcoin  (Read 38650 times)
umaOuma
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July 06, 2016, 12:41:22 PM
 #281

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
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July 06, 2016, 12:52:33 PM
 #282

what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .
Nothing Much! Bitcoin has big scalability issues. Even Gavin Andersen, the guy who proposed ininially 20mb blocks saying they will be fine,
admited;
Scheduling an increase to the maximum block size now is a s
hort-term, “kick the can down the road” fix. It is ugly, but necessary.

Bitcoin isn't backed by any kind of big corporation, and this is why it has slow development, along with the consensus-first policy.
However, bitcoin needs an industry-grade developer team to catch up with consumer needs.
Many proposals aim to improve scalability, like Lightning Network, but they are way too far from implementation stages. So a block increase is required and as there are infinite ways to increase the limit, there are infinite many different opinions, making consensus almost infeasible.

So don't tell me bitcoin doesn't have it's issues. If you think it doesn't, you can freely buy some "incredibly cheap coins" at 220$ per coin right now.
This can make you rich for sure if you are doing it on a good way, I really have no doubts about that.
Gambling websites are now getting more popular with the bitcoin than ever before.
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July 06, 2016, 01:10:47 PM
 #283

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
But but if you already know the answer it is not an issue anymore but this would indirectly give notice to user bitcoin new ones because they do not know how to get fast confirmation in bitcoin.

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July 06, 2016, 01:13:34 PM
 #284

what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .
Nothing Much! Bitcoin has big scalability issues. Even Gavin Andersen, the guy who proposed ininially 20mb blocks saying they will be fine,
admited;
Scheduling an increase to the maximum block size now is a s
hort-term, “kick the can down the road” fix. It is ugly, but necessary.

Bitcoin isn't backed by any kind of big corporation, and this is why it has slow development, along with the consensus-first policy.
However, bitcoin needs an industry-grade developer team to catch up with consumer needs.
Many proposals aim to improve scalability, like Lightning Network, but they are way too far from implementation stages. So a block increase is required and as there are infinite ways to increase the limit, there are infinite many different opinions, making consensus almost infeasible.

So don't tell me bitcoin doesn't have it's issues. If you think it doesn't, you can freely buy some "incredibly cheap coins" at 220$ per coin right now.
what i should use is the trading investment type because its the easiest one between these 4. And off course there is one i dont want to use at all the time and thats number 1 do not gamble with coins guys just dont.
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July 06, 2016, 01:17:54 PM
 #285

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
Sometimes, many people are forget to put a reliable fee for their transaction and this can make delay in their transaction, but there is a people think the tax charge is high because they only make a transaction with little amount and the fee I become higher than amount of transaction, because this is not recommended to make transaction with little amount.

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July 06, 2016, 01:24:08 PM
 #286

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
thats true, the confirmations might be really fast in my opinion my biggest problem is that one day i might lose a lot of money i think if the price goes down a lot

 
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July 06, 2016, 02:08:07 PM
 #287

The biggest problem i would see in using it,is using BTC for illegal acivities,like money laundering,drug dealing and other crimes.
In fact,the big problem is also that there are so many scammers in the btc network.It is caused because the btc currency is anonymous and it is not so hard to scam someone who is naive.
People just use this to make unfair profit.
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July 06, 2016, 03:00:32 PM
 #288

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.

Time and the amount of criminals seems to be getting the most of people's attention, i am surprised people don't mention the lack of usability.
Most shops still don't accept bitcoin...

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July 06, 2016, 03:13:40 PM
 #289

I think the biggest problem in bitcoin is that very hard to pay directly to any merchant to buy some stuff, there are so complications to use it as normal fiat currency and that is why I think it will take very long to go to the moon when we will be able to use it like normal currency.
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July 06, 2016, 04:01:22 PM
 #290

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.

Time and the amount of criminals seems to be getting the most of people's attention, i am surprised people don't mention the lack of usability.
Most shops still don't accept bitcoin...
If you try toget rid of the criminals that use bitcoin for transaction then you should expect that the price will drop to 50% of it's current price. Since criminals is one of the big people that transacts thru bitcoin.
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July 06, 2016, 04:03:39 PM
 #291

T
I think the biggest problem in bitcoin is that very hard to pay directly to any merchant to buy some stuff, there are so complications to use it as normal fiat currency and that is why I think it will take very long to go to the moon when we will be able to use it like normal currency.

It's hard indeed which is why merchants but also consumers are very scared.
They should be though because you sell something today for 100 dollar, and tomorrow you are left with 80 dollar...
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July 06, 2016, 05:53:19 PM
 #292

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
thats true, the confirmations might be really fast in my opinion my biggest problem is that one day i might lose a lot of money i think if the price goes down a lot

In bitcoin, volume and volatility may continue to drop sometimes but it doesn't mean that it will continue the same always, patience is the main factor you need at this moment.
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July 06, 2016, 05:56:16 PM
 #293

the unstable prices are my main problem with bitcoin. but it does not always work against me because the prices goes up and down. and I think the price won't be stable soon at all
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July 06, 2016, 05:58:30 PM
 #294

what problem do you have in bitcoin.

Extremely long waits for a first confirmation (some of the time) can be a huge problem if your vendor requires at least one full confirmation.
In those cases, certain alt coins simply do a much better job.

It will be exciting to see if Bitcoin can solve some of it's "core" issues.  Cheesy

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July 06, 2016, 05:59:01 PM
 #295

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.
i got this problem too, i sometimes have to wait a lot of time until my transactions get confirmed and they appear on the website, it would be really cool to be honest if we didnt have to wait




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July 06, 2016, 06:02:54 PM
 #296

the unstable prices are my main problem with bitcoin. but it does not always work against me because the prices goes up and down. and I think the price won't be stable soon at all
Bitcoin price will never be stable because its always depends in supply and demand.. dont relay how long bitcoin will live just check how bitcoin is indemand.



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Rainbot
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July 06, 2016, 06:09:46 PM
 #297

what problem do you have in bitcoin.

main problem in my opinion is lack of a universal adoption and ease of understanding by the public en mass.

Coinbase and Shift Visa are helping a lot to alleviate that.
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July 06, 2016, 06:24:33 PM
 #298

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.
thats true, the confirmations might be really fast in my opinion my biggest problem is that one day i might lose a lot of money i think if the price goes down a lot

In bitcoin, volume and volatility may continue to drop sometimes but it doesn't mean that it will continue the same always, patience is the main factor you need at this moment.
you dont need to relay how long bitcoin to hold its always depends in demand and supply and yeah it needs patience we dont know when the price will high and we dont know when the price of bitcoin will be low..
That is i think one of the common problem of bitcoin..

Solving blocks can't be solved without my rigs.
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July 06, 2016, 06:41:58 PM
 #299

The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price. Also, I once had problem with blockchain confirmation, I waited for five days and did not know will it be confirmed or I lost this coins for good. Sometimes when I wanted to buy some thing in some web shops they haven't accepted the Bitcoin. But this problems are part of Bitcoin world and they did not scared me away from Bitcoin.

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July 06, 2016, 06:46:18 PM
 #300

the unstable prices are my main problem with bitcoin. but it does not always work against me because the prices goes up and down. and I think the price won't be stable soon at all
Bitcoin price will never be stable because its always depends in supply and demand.. dont relay how long bitcoin will live just check how bitcoin is indemand.
and i think we dont need a stable price right now at all, i think bitcoin will have a lot of potential to grow in the future thus the fluctuations will be a good thing, my biggest problem is that there are just a few shops accepting it
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