What is big problem in using of bitcoin

The biggest problem in Bitcoin is, there is no Bitcoin cash without using some kind of electronic device.

The acceptation is also a problem. People just read and hear about hacks. We need a lot of positive news. For using it more we need those more people.

My problem with bitcoin is that the price is not stable and when the price decline 10$ in a day it worth a lot in my local currency so my loss is high :/

Quote from: salex8216 on August 24, 2015, 09:13:19 AM

Too big blockchain, too slow synchronization.

legit.
the blockchain synchronization is too slow and too space hungry.
as a result the size per block should not be more than 256 MB.

although this isnt that big of a problem, its still significant> sometimes your transaction gets stuck in the blockchain for days and theres no way to resend it with bigger fees (other than creating a double spend).

Quote from: OmegaStarScream on August 24, 2015, 09:10:22 AM

Quote from: guddu raj on August 24, 2015, 09:01:32 AM

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) .

It is quite the opposite. Even with bitcoin as of now was able to processing trillions of transactions per second - plus confirmation times would be really instantaneous, there is no guarantee that it would go mainstream. Block size issue is not some anchor which is preventing bitcoin to be popular.

Quote from: a7mos on September 18, 2015, 10:22:10 PM

My problem with bitcoin is that the price is not stable and when the price decline 10$ in a day it worth a lot in my local currency so my loss is high :/

But the opposite would be true as well, right? Then just invest in bitcoins in a smart way; analyze how the price is going and you should be set.

Bitcoin without price variations would be pointless, IMHO.

Not really a big problem, but it would be really nice that the transactions were faster.

Quote from: Athertle on September 19, 2015, 01:09:59 AM

Quote from: a7mos on September 18, 2015, 10:22:10 PM

My problem with bitcoin is that the price is not stable and when the price decline 10$ in a day it worth a lot in my local currency so my loss is high :/

I agree with you. Every new currency always fluctuates as that currencies economy is developed. Bitcoin will one day be worth way more than the US dollar and I say now is the perfect opportunity to earn from trading. Bitcoin is the future, as far as I'm concerned and the only problem I have with it is it has not gained mass adaptation yet. That I guess is going to take time.

Quote from: maokoto on September 19, 2015, 01:20:51 AM

Not really a big problem, but it would be really nice that the transactions were faster.

Transactions are almost instantaneous - confirmation can takes about 10 minutes. Because confirmation time is for bitcoin something like security parameter. Confirmation could be lowered but that means we would be favoring large centralized pool in the process.

My problem with bitcoin is that i can't use bitcoin to buy some item what i want and not many shopping place accept bitcoin as a payment

Quote from: vero on September 19, 2015, 05:32:22 AM

My problem with bitcoin is that i can't use bitcoin to buy some item what i want and not many shopping place accept bitcoin as a payment

Yeah, I'm a little bothered by my limited choices online when buying with Bitcoin...some places I bought from even stopped accepting BTC for payment after a while! It can be frustrating.

Quote from: guddu raj on August 24, 2015, 09:51:18 AM

if you have no problem,then no problem but i have problem that is how to change bitcoin address it is my biggest problem any one can solve this.
thanx in advanvce if u solved my problem.

You can't, Bitcoin address is randomly generated everytime you make an account, if you don't like your address you can always open up a new account

ANyway, My biggest problem with BTC is lack of major company supporting it Sad

Just imagine if some major company like yahoo,google,amazon,etc suddenly thinking to support Bitcoin in their business Cheesy

it would be awesome Wink

Acceptance rate and regulatory issues is one of the main problem surrounding Bitcoin. Whereas most transaction can be accepted by the merchant once it is propagated throughout the network, some larger transaction can only be accepted by the merchant if there is one confirmation. In the event that there is a network stress test, the confirmation time could take much longer. This IMO, hindered the adoption of Bitcoin.

The nature of Bitcoin is pseudonymous. This would allow anyone to have a Bitcoin address and own them without any identity verification and it can be harder to track if proper procedure is done. Regulators have a hard time regulating them as this gives rise to tax invasion and money laundering. This needs to be solved before government can accept them as a currency.

Quote from: Serlite on September 19, 2015, 06:08:22 AM

Quote from: vero on September 19, 2015, 05:32:22 AM

My problem with bitcoin is that i can't use bitcoin to buy some item what i want and not many shopping place accept bitcoin as a payment

Yeah, I'm a little bothered by my limited choices online when buying with Bitcoin...some places I bought from even stopped accepting BTC for payment after a while! It can be frustrating.

the bad news is that bitcoin has almost the same TX volume of paypal, yet it is not widely used as a paypal, this make you wonder why, it's all about security and protecting customers, bitcoin is not so good at it...

the only thing that bothers me about bitcoin nowadays is the fact that a group of people can easily do what they called stress test which is in fact a spam attack, and this causes the transactions to get stuck and confirmation times become very long.

Slow transaction times of course. Why haven't they designed it faster... I will never understand it i guess. Most of the altcoins are x100 times faster than the original bitcoin.

To a person that is up to date with current events i guess there are not much problems, but to those who are not; they have a certain chance to get their transaction
stuck/not confirming while there are stress tests , which can be anoying at best. Not to mention that bitcoin related services get slow or unusable at those times..

Quote from: mindrust on September 19, 2015, 06:28:33 AM

Slow transaction times of course. Why haven't they designed it faster... I will never understand it i guess. Most of the altcoins are x100 times faster than the original bitcoin.

Those alt coins would be x100 times less secure than Bitcoin. If an altcoin has 1 minute blocktime, it would need 10 blocks to reach the security of one Bitcoin block. It would also lead to a higher stale rate. Anyway, Bitcoin transactions can be accepted once it is seen by everyone on the network for daily transactions. It would be hard to double spend if the merchant uses some precautions.

Quote from: ranochigo on September 19, 2015, 10:45:01 AM

Quote from: mindrust on September 19, 2015, 06:28:33 AM

Slow transaction times of course. Why haven't they designed it faster... I will never understand it i guess. Most of the altcoins are x100 times faster than the original bitcoin.

Yes, this is what people essentially are not understanding. I will take an example of NXT. You need 10 confirmations by pretty much all exchanges for your NXT to be credited, which takes 10 minutes since 1 confirmation = 1 minute in NXT. Poloniex works in this way. On the other side, they credit you BTCs after only 1 confirmation. Why? Because these 10 confirmations correspond to 1 BTC confirmation. So in the end, you get the same confirmation time.

People don't understand that at least until now, with the existing technology, faster confirmation times = more centralization(less security). That's why with the coins which offer you faster confirmation times, you need more confirmations to be sure that the transaction is safe.