What is big problem in using of bitcoin

[terman45x]

The biggest problem for me at a moment is I cannot spend it widely, the usage of bitcoin is limited, I really want that I should be able to spend my coins physically to buy anything.

[escrowboy]

The biggest problem for me at a moment is I cannot spend it widely, the usage of bitcoin is limited, I really want that I should be able to spend my coins physically to buy anything.

I agree. That is the other reason too why people don't want to use bitcoin. I'm still hoping that bitcoin will soon be adopt my more merchants as the time pass by and we achieve a great development in technology.

[davis196]

what problem do you have in bitcoin.

Sometimes transaction confirmations are too slow.

This is the main problem for me and maybe for all the people who use bitcoin.

I wish there was a way to fix this...

[umaOuma]

Well I don't got any big problem in using bitcoin. I just don't like sometimes the speed of transaction confirmation but it is still good. Well its not that big of a problem but it is sometimes irritating when the btc is urgently needed.

Yeah its really irritating at the time of emergencies when you desperately need bitcoin, but rest of time I think its well and good and there is no other major problem involved in bitcoin.

[Xester]

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now

[virasog]

what problem do you have in bitcoin.

For me there are two quite big issues with Bitcoin:

First of all, is the increased transaction confirmation time.

Secondly, the fact that Bitcoin isn't widely used in the world.

Only time will tell if these issues will go away. 

Low level of confidence, awaiting 6 confirmations and bla bla bla.  I have friends who had experienced more than 24 hour delay in the transaction.  This is one big problem to be hurdled.

Yes, consider you are in grocery shop standing in a queue of people at a bill counter and waiting for the confirmations. Thats way too long for a real time processing. This can be a big problem in the future.

[barbara44]

The main problem I have encountered with the bitcoin blockchain is how damn slow transactions can get when the blocks are lagging behind and the miners are unable to find any valid blocks.

It can be very frustrating to wait for an hour before your deposit arrives at some site.

I agree the main problem is the delay in transactions. The average time it takes for a bitcoin transaction to be verified is now 43 minutes, and some
transactions remain unverified forever. This is due to how transactions are processed in the blockchain. This has become the problem for every bitcoiners.

I do not think 43 minutes is the average time if you are ready to pay higher fees. Still, people are complaining about delays always. Delay in transaction is a one big problem in using bitcoin for me too. As we know time is very important aspect of our life. Many people or businessmen might not find it handy and opt out of bitcoin. As the bitcoin community is increasing delay problem may be more serious.

[beerlover]

Well I don't got any big problem in using bitcoin. I just don't like sometimes the speed of transaction confirmation but it is still good. Well its not that big of a problem but it is sometimes irritating when the btc is urgently needed.

The issue here we are facing is that bitcoin is only a virtual currency that cannot be used for offline transactions as there are no physical bitcoins available. If there were physical bitcoins, then we need not wait for any confirmation but here miners also who mine bitcoins need to get rewarded for their work.

[DomesticTrader]

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.

The biggest problem in using of bitcoin is the security because the bitcoin cant be traced the security is also bad because you can suddenly
lose some of your coins just for nothing because others are stealing them,.

[Legasean]

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 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.

The biggest problem of the bitcoin is off course the many amount of users he has because there are so many people who are interested
into the bitcoin the price is doing allot of strange things,

[JeffBrad12]

Well I don't got any big problem in using bitcoin. I just don't like sometimes the speed of transaction confirmation but it is still good. Well its not that big of a problem but it is sometimes irritating when the btc is urgently needed.

The issue here we are facing is that bitcoin is only a virtual currency that cannot be used for offline transactions as there are no physical bitcoins available. If there were physical bitcoins, then we need not wait for any confirmation but here miners also who mine bitcoins need to get rewarded for their work.

that's become a problem for a lot of people too rarely to find the offline store can accept bitcoin. it's why there is a lot of people is not interested in using bitcoin. miners maybe are must have a rewarded for their work because the miners giving a big contributing for bitcoin. with the difficulty to mining bitcoin is always going up, in my opinions, the miners must have a different achievement for them.

[owm123]

The biggest problem in using of bitcoin is the security because the bitcoin cant be traced the security is also bad because you can suddenly
lose some of your coins just for nothing because others are stealing them,.

Bitcoin's is tracable. Its not easy to trace lost/stollen bitcoin if someone actively new how to cover his/hers bitcoin trail.

[novemberwoah]

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.

The biggest problem in using of bitcoin is the security because the bitcoin cant be traced the security is also bad because you can suddenly
lose some of your coins just for nothing because others are stealing them,.

Yes maybe it is a risk if you use crypto that should use the Internet. Everything can be hacked and we must be careful. Maybe if bitcoin will add security was very good and can ensure the safety of our bitcoin.

[dezoel]

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.

The biggest problem in using of bitcoin is the security because the bitcoin cant be traced the security is also bad because you can suddenly
lose some of your coins just for nothing because others are stealing them,.

Yes maybe it is a risk if you use crypto that should use the Internet. Everything can be hacked and we must be careful. Maybe if bitcoin will add security was very good and can ensure the safety of our bitcoin.

Its not that easy to hack or steal your coins from wallet, as all wallets holds great level of security and safety features and if you take proper care at initial stage then you don't have to worry about it.

[uname]

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

[mishra1994]

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.

[takingthis4]

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

[Mr.grin]

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 guess you're right. bitcoin does have very many advantages of the other patment like PayPal, but I guess at the speed of transactions in blockchain, we had to wait to get confirmation, it was quite a long time. however I think it is not a problem, because if bitcoin that already exists in your wallet, you only need to wait 1 confirmation in order to use

[BTCLovingDude]

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.

[NordicRanger]

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.

The confirmations, at least the first goes quite fast (within 10 minutes usually), so speed or confirming is not a real problem. What is a real problem that even  the pc wallet is to hard to understand for average people. Understand and secure it, I mean.