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Author Topic: What is big problem in using of bitcoin  (Read 38650 times)
guddu raj (OP)
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August 24, 2015, 09:01:32 AM
 #1

what problem do you have in bitcoin.
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OmegaStarScream
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August 24, 2015, 09:10:22 AM
 #2

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) .

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salex8216
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August 24, 2015, 09:13:19 AM
 #3

Too big blockchain, too slow synchronization.

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August 24, 2015, 09:14:01 AM
 #4

And XT-bitcoin will kill bitcoin

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August 24, 2015, 09:20:50 AM
 #5

what problem do you have in bitcoin.

The main problem with btc is very big price fluctuations, this makes one more uncomfortable to buy and keep coins for year or more.
guddu raj (OP)
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August 24, 2015, 09:51:18 AM
 #6

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.
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August 24, 2015, 10:00:29 AM
 #7

the price fluctuates i think it`s not so good ... Embarrassed

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August 24, 2015, 10:06:01 AM
 #8

the price fluctuates i think it`s not so good ... Embarrassed
Definitely! Bitcoin's price declines a lot! Ppl cannot touch or smell the existance of bitcoin, completely different from fiat money! Ppl don't know how to safely keep bitcoin!

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tsoPANos
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August 24, 2015, 10:09:06 AM
 #9

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.
nero987
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August 24, 2015, 10:10:27 AM
 #10

Another topic like this Huh

I think the biggest problem is user-friendlyness / safety.
It is way to hard for newbs to safely store their coins...
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August 24, 2015, 10:19:12 AM
 #11

On the other hand Bitcoin problem is too young technology

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August 24, 2015, 10:37:08 AM
 #12

And XT-bitcoin will kill bitcoin

imo Core will do that, cus it will never be able to handle lots of transactions, making the whole point of bitcoin going mainstream (which satoshi aimed for) pointless.
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August 24, 2015, 11:04:59 AM
 #13

what problem do you have in bitcoin.

Fluctuation is the main killer for bitcoin going mainstream. A daily swing of Thousand dollars would cause business to start and collapse daily Tongue thats why business use bitpay etc. All we need is small fluctuations when bitcoin goes mainstream. The only way bitcoin can take over is fiat dies or if fiat is around businesses would be hesitant to store profits in bitcoin.
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August 24, 2015, 11:39:20 AM
 #14

yup you all are right while installing any new wallet to desktop we face scyncronizing problem..like if we insatall bitcoin-qt wallet that it needs a 32gb scyncronization..and that's the main reason I kept my bitcoin wallet on my android .
guddu raj (OP)
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August 24, 2015, 11:47:11 AM
 #15

me also same problem.
so i am also use andriod wallet to store bitcoin.
but i not enjoy because my wallet is lost how i can change new wallet.
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August 24, 2015, 11:48:40 AM
 #16

The biggest problem is we still don't have many merchants accepting it Smiley Other than that, it's going pretty good.
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August 24, 2015, 11:50:26 AM
 #17

One problem is the lack of retailers that accept it, also speed is an issue although a couple of mins to wait until your transaction is recognised is not too bad but still lacks behind the mainstream payments such as credit cards and so on. 
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August 24, 2015, 12:04:25 PM
 #18

Sometimes I do not like to Bitcoin, I have to wait to confirm a transaction.
But that does not happen often, just when many transactions are unconfirmed.
There are also many positive sides!

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August 24, 2015, 12:06:15 PM
 #19

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.
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August 24, 2015, 12:19:40 PM
 #20

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.


^^ This! Security is still the main problem and the biggest challenge for the mainstream adoption in my opinion. People just suck in online security, that is proven numerous times. We need to progress a lot in this field if we want the average Joe to put his hands on bitcoins. I mean, Bitcoin is not bank that they will reimburse you if you get hacked. Here, when you screw over you have screwed and lost your coins.
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