Bitcoin issues

[randy8777]

transaction times are too slow if you ask me. if you buy stuff online, then it's not really a problem. but as soon as you buy stuff from a physical store, things start to get slow. if that will change in the near future, then everything is fine for me.

[mezmerizer9]

For me it is the non reversible feature which many scammers are taking the advantage of. They just scammed a big amount of bitcoin no one is able to get back the money even the scams is proved clearly.

[ereborltc]

For me there are two main issues. Difficult to obtain, especially for the new people. That's why I had to use Virwox when I first got involved with Bitcoin and those bastards have taken quite a lot of money on fees from me.

Second thing is that Bitcoin is still difficult to secure properly for the new people. There are too many bad practices that newbies are doing over and over again.

Of course with time we will progress in these two fields as well.

Why not create an account in exchanges and start to trade bitcoin? The fees are very low. Why bother to use Virwox? It is charging a lot of fees.

[kyrios_]

transaction times are too slow if you ask me. if you buy stuff online, then it's not really a problem. but as soon as you buy stuff from a physical store, things start to get slow. if that will change in the near future, then everything is fine for me.

yeah that's true. even when it gets accepted immediately, it'll take about 10mins to compete the transaction right? that's too long for daily use. Wouldn't wanna stand in line for 10 mins just to wait to pay for smth

[richardsNY]

As most people also think, for me the 10 minute block time is just too slow. Some times you get 5 confirmations in 30 minutes, and some times you get zero confirmations in 60 minutes. That's what I not so like about Bitcoin. Other than that, I have nothing to complain about.

[Fwdxlsh]

There's barely any issues of Bitcoin on my end.

[franky1]

It is already a post about this but ok, the issue with bitcoin is the price itself, not to much places to spent etc.

price is not a problem..
after all, you can buy 1,000 'bits' for $0.32~ bits:(0.00000100)

[gkv9]

The biggest problem I see is with the time of confirmation it needs, I feel it should be instant like PayPal and other e-wallets, so that we don't need to wait a lot before going for another transaction, and if you are doing it within your Desktop based wallet, then you need to stuck for sure unless you get a confirmation...

[kyrios_]

My biggest problem with Bitcoin is definitely the transaction times. Most of my transactions are processed in around 10 minutes. The only problem is that some of the transactions take around 3 or 4 hours which is too long to wait for.

You mean is confirmation times, because transaction time is very fast.

Yeah confirmation times in bitcoin its so long more than 10 minutes for 1 confirmation, although I raise the fee it still took a long time to get confirmation.

Confirmation times isn't problem if they accept 0 confirmation.
Also, now we use OP_CHECKLOCKTIMEVERIFY/BIP65 so double-spend or Transaction Malleability Attack won't happen anymore.

Even you put high fees, sometimes a block need an hour to get confirmation, so you're being unlucky in this case.

Whats the drawback of accepting 0 confirmations?

[Denker]

Biggest issue we seem to have at the moment is the scalabilty problem.How long are we arguing about that topic now? 2 years?
This isn't just a technical challenge, there is also some governance involved.Kind of frustrating.

[~Bitcoin~]

I think Less places to spend bitcoin should be taken as major problem as the price will automatically stabilize when more and more merchants start to accept bitcoin payments.

[Newcoins2020]

They are some issues of Bitcoin but for me doesn't matter that much for now.

I just hold it I am waiting for the price to increase.

When it is high enough I will sell it for fiat so i can buy some nice gifts for my family.

30% of the money I will reinvest again.

[LuckyYOU]

For me personally, it's the scammers

It's difficult to pick out the scammers and avoid them.

Also, I can't use bitcoin other than over the internet, but I believe that can/will change in the near future

[yenxz]

Website scam,its really annoying.

[grant27]

Bitcoin volatility is the most unpleasant thing for me. But considering BTC is a decentralized mean of payment, I don't care much.

[Amph]

Website scam,its really annoying.

well they are easy to detect though, and it's only your fault if you want to invest in some known ponzi scam or shady cloud service

just use escrow for everything else and you should be fine, the big issues of bitcoin are currently others, like the debate about the block limit

[Rude Boy]

For me, I cannot buy/sell without my full proof on exchanges in my country(india). They need KYC. Because i don't satisfy/trust with localbitcoins. 

[Bitcoinpro]

What's the most difficult you have had to deal in the bitcoin world??
I mean, people or stores don't accept bitcoin like a way of payment?
The volatility of the price?
Tell us more about your own experience

Its gives u incredible leverage and power

[randy8777]

For me, I cannot buy/sell without my full proof on exchanges in my country(india). They need KYC. Because i don't satisfy/trust with localbitcoins. 

nowadays exchanges require you to verify yourself in order to start trading. that's why a lot people like btc-e. you can buy and sell and withdraw as many coins as you want without verification.

[ranochigo]

My biggest problem with Bitcoin is definitely the transaction times. Most of my transactions are processed in around 10 minutes. The only problem is that some of the transactions take around 3 or 4 hours which is too long to wait for.

You mean is confirmation times, because transaction time is very fast.

Yeah confirmation times in bitcoin its so long more than 10 minutes for 1 confirmation, although I raise the fee it still took a long time to get confirmation.

Confirmation times isn't problem if they accept 0 confirmation.
Also, now we use OP_CHECKLOCKTIMEVERIFY/BIP65 so double-spend or Transaction Malleability Attack won't happen anymore.

Even you put high fees, sometimes a block need an hour to get confirmation, so you're being unlucky in this case.

Whats the drawback of accepting 0 confirmations?

With 0 confirmations, the attacker can create another transactions which competes with the legitimate transaction and the attacker can recieve his own coin back. This can be also possible if a mining pool with a significant portion of hashpower mines the double spend transaction. Only one of the transactions can confirm. However, there isn't any significant downsides when accepting 0 conf transactions. Afterall, credit cards can still be chargedback after several weeks or months and counterfeit notes can also be accepted. The probability of double spend can be decreased to a negligible amount if:
1) The shop's POS system connects to different geographical nodes and ensure that the transactions are seen.
2) The transaction has a good fee/kb.
3) There is no competing transaction.
4) inputs to transaction are confirmed.

Of course, coins can still be reversed if the attacker have 51%+ of the mining power.