mk4
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Paldo.io 🤖
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August 26, 2016, 10:00:28 AM |
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theres not that much use of bitcoins as of now (compared to using paypal,creditcards). So people has no reason to move to bitcoins unless they want to buy shady stuff anonymously.
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2legit2
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August 26, 2016, 01:20:07 PM |
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Very unstable price is the main btc problem for me. I would like if btc price only go up  That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life. Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it though it is not a problem at all, we should look at bitcoins as a currency that is not dependent on dollar, an independent currency |
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diegz
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August 26, 2016, 01:26:15 PM |
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theres not that much use of bitcoins as of now (compared to using paypal,creditcards). So people has no reason to move to bitcoins unless they want to buy shady stuff anonymously.
Don't limit your self, make the scoop a bit bigger... You can use bitcoin as money using exchange sites... Besides, you won't be collecting it if it has no good use to you right? Actually most of my digital goods and sometimes orders in online shops, I am paying it with bitcoin thru the exchange site that I am using... |
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setupbounds
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August 26, 2016, 02:26:53 PM |
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I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.
Well, there is one thing is that the confirmation time is not short. I’m not like that kind of person that can’t be patient but I was thinking of the future of bitcoin when bitcoin is accepted everywhere and we can buy anything with it then there will be people who can’t wait for 20 minutes just to wait for confirmation to buy a coke. So I hope there will be somebody would change this. |
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hieu81
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August 26, 2016, 02:28:51 PM |
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I see the biggest problem with Bitcoin is a security key, ensure accurate accounts sent to and trust with recipient Bitcoin
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Bitcoinbro
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August 26, 2016, 04:07:29 PM |
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I see the biggest problem with Bitcoin is a security key, ensure accurate accounts sent to and trust with recipient Bitcoin
Security is a big maybe the biggest concern, but there is way more to that. Usability of bitcoin lacks a lot. Many users don't understand the wallet, with that I mean how it works, the blockchain etc. By making it possible to pay to names/mails or something personal, I am certain bitcoin will get more traction, then it is getting now. |
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krishna1
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August 26, 2016, 04:46:50 PM |
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Everyone of us has used bitcoin even its just a small amount but we did used it now let me put some light on some basic problems at current time.
Transactions take a lot time to get confirmed(because there are less miners remain in the network)
The network is much dangerous(because scammers are everywhere)
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twerdefnce
Full Member
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Activity: 154
Merit: 100
24kCasino- 200% Welcome Bonus
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August 26, 2016, 07:00:11 PM |
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Forks. Take the DAO for example. Yes, it happened in the case of Ethereum, but weren’t we close to a similar outcome few months ago?
though forks nearly never happen for bitcoin and it is impossible that the situation like with dao will happen with bitcoins in my opinion |
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Mastsetad
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August 27, 2016, 07:46:38 AM |
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Everyone of us has used bitcoin even its just a small amount but we did used it now let me put some light on some basic problems at current time.
Transactions take a lot time to get confirmed(because there are less miners remain in the network)
The network is much dangerous(because scammers are everywhere)
Well, the transactions are really not that much late as much they take using other currencies, and about scammers, that depends on you if you are falling for some of them because it is clear sometimes because they promise big in short time so someone should obviously know that cannot be true unless he is too greedy. |
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yueno
Sr. Member
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Activity: 266
Merit: 250
Yueno
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August 27, 2016, 11:32:08 AM |
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Its risk when im converting btc in real money |
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agamasrori
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August 27, 2016, 12:20:39 PM |
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Bitcoin is very usefull for me. The fee is very very lower than using credit card. Bitcoin have no inflation. Goverment can't control bitcoin. Bitcoin is freedom. But, there is just one problem. The problem is only few place and people in my country who know about bitcoin so they're don't accept bitcoin at now because they don't know about bitcoin. I hope bitcoin will dissemination fastly and then I will use bitcoin in any where.
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Labumi
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August 27, 2016, 12:47:03 PM |
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Its risk when im converting btc in real money It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin |
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umaOuma
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August 27, 2016, 12:52:26 PM |
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Its risk when im converting btc in real money It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it? |
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Fatanut
Legendary
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Activity: 1008
Merit: 1060
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August 27, 2016, 12:56:09 PM |
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I think one of the biggest problem in Bitcoin is the slow transactions. Some people doesn't experience this but other people's transaction takes 1 hour or even more sometimes. If you're going to use Bitcoin to buy something in the real world. Let's say, you're going to buy an ice cream and the shop has to receive the Bitcoins first before they let you get your ice cream. You're gonna be needing to wait for a couple of minutes when you're unlucky. This analogy is applicable to all the possible real world transaction. In an instant, you can pay for your ice cream.
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btcdevil
Legendary
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Activity: 1302
Merit: 1027
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August 27, 2016, 12:58:45 PM |
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Its risk when im converting btc in real money It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it? Ya it is true that converting btc in fiat currency is easy, i am living in india and i am converting my bitcoins to fiat currency through localbitcoins site and i get directly to my bank account, so if you tell which country you are residing their will surely be some local exchanges or you can get online exchanges also to convert it. |
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eddyubachs
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August 27, 2016, 01:32:59 PM |
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Its risk when im converting btc in real money It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it? Ya it is true that converting btc in fiat currency is easy, i am living in india and i am converting my bitcoins to fiat currency through localbitcoins site and i get directly to my bank account, so if you tell which country you are residing their will surely be some local exchanges or you can get online exchanges also to convert it. Yup same here and I am from India too, and localbitcoins is the best site for us to transfer our bitcoins to our account with an ease and credits are instant too, and I don't see any difficulty in doing it. |
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techfm86
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Activity: 70
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August 27, 2016, 04:49:52 PM |
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For me, the biggest problem is the fact that the confirmations are taking too long these days. This can be really bad in some situations.
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jak3
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Merit: 1004
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August 27, 2016, 05:00:53 PM |
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Its anonymus behaviour is a advantage and a problem too.for example hd wallets in mycelium wallet they offer a new address after every transaction and some people actully find it creazy and uses a fixed address with a single private key but for some whales or who has balance over 5btc are dying for this type of security
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Jeremycoin
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Merit: 1003
𝓗𝓞𝓓𝓛
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August 27, 2016, 05:05:28 PM |
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The big problem is that you guys keep talking about the weakness of Bitcoin instead of thinking about the advantages and use it for a better purpose.
Because if we keep talking about bad things about something, then that something will keep being bad.
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faucet used to be profitable |
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SquallLeonhart
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Merit: 1101
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August 27, 2016, 05:27:14 PM |
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The big problem is that you guys keep talking about the weakness of Bitcoin instead of thinking about the advantages and use it for a better purpose.
Because if we keep talking about bad things about something, then that something will keep being bad.
Yeah bitcoin holds wide range of benefits which is helping its users in many ways so instead of pointing finger on bad sides of it we should focus on advantages that is offering us. |
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