What is big problem in using of bitcoin

[dre1982]

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.

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.

I never saw it that way but you are correct. I personally don't care about to long confirmation times. If it is seen by the network it is just OK

[HeroCat]

Not too many Web sites are accepting Bitcoins as payment  Forex market also accepting Bitcoins slowly 

[redsn0w]

The unique problem that I've 'with btc' is : too much power, in only few hands.

[Betwrong]

Price fluctuation and acceptance were mentioned here already. I'd add the low speed of transactions sometimes ... but in general - no problem, it's nice and easy to use. 

[notiely]

what problem do you have in bitcoin.

So far no big problem.

[ashour]

I think that bitcoin lacks acceptance, compared to paypal or apple pay bitcoin is small.

[wxa7115]

Acceptance is my biggest issue as of right now, slow transactions are also a pain in the a**, but there’s no way around that for the moment(besides adding a bigger fee).

[Bud Spencer]

My biggest problem is that it is an online currency and therefore has no "value". It can, however be used in online payments and shopping. This is what makes BTC stay alive.

[USB-S]

My biggest problem is that it is an online currency and therefore has no "value". It can, however be used in online payments and shopping. This is what makes BTC stay alive.

Many things actually keep bitcoin alive. And supply and demand give bitcoin it's value. Also bitcoin is capped at 21 million coins, which would make this resource scarce, since we have over 7 billion people living on this planet. Not everyone can afford a whole bitcoin. And bitcoin in more than just a currency. Blockchain is a public ledger where you can store all types of data and it will be there as long as we have the nodes up. Most of all bitcoin has a really strong community behind it. A lot of people want it to succeed and are willing to give up a lot of time to make that happen.

[faridkifly]

almost nothing.
but there is one thing that really bothered me that the price is not stable. for students like me who look for bitcoin as a side job is very annoying

[fenican]

The major problem is it is utterly useless for 99.99999% of retail transactions. "Accepted Nowhere" wouldn't be 100% true but for all intents and purposes it is an accurate statement.

Begs the question - what is it useful for and why are people paying $330 per BTC? Seems like a bit of a Tulip-mania where most users are just chasing returns rather than use the coins for conducting commerce.

[jacktheking]

Like others. I actually have little to no problem with Bitcoin. It is already easy to use and easy to access. The only problem would be those big merchants not accepting Bitcoin. For example, Amazon.com and GearBest. And more recently, I wanted to purchase some 0.05 product from JD.com and they dont accept Bitcoin. :/.

[eddie13]

Too much hassle to buy BTC with $$..

[Coynner]

Yeah I was trying to buy bitcoins the other day and it took ages to figure out all the IDs and stuff required.

Could be improved to a less complicated version IMO. 

[avw1982]

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.

Yeah we have hacking and spamming problem in Bitcoin and Now currently for price uprisel according to dollars. then We can't take money as cash without the help Electronic device or online transactions. We need to fix issues as soon as possible

[amacar2]

The only problem i have when i was new or most of the newbie have is to remember the bitcoin address which is quite unique, long and difficult than other past payment processor.

[zPanda]

Synchronization too slow. It's definitely not safe to be in an online wallet.

[yenxz]

My problem is getting free bitcoin,its so hard

[nerFohanzo]

I don't have much problem with bitcoins...except the waiting time,,, it takes a little time in transferring your earning to your account and when processing your cashouts into dollars...

 

Everyone is having the same problem but it is acceptable as bitcoins is giving us so many other benefits, sometimes confirmations takes time but it is not everytime sometimes the transactions are confirmed in fraction of minutes, The problem I am facing with bitcoins is no one is aware about the bitcoins where I live and no merchants accepts bitcoins as a mode of payment.

[JeWay]

My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...