What are the main problems bitcoiners face?

[dothebeats]

One of the problems that I face (and maybe some of the bitcoiners here as well) is the availability of people willing to sell the items I need in exchange for bitcoins. Most of the people I asked to buy things from in exchange for bitcoins either believe that I'm a scammer or bitcoin itself is a scam. It's nuts, like before I could use my money, I would need to convert it to fiat first. :/

[Xester]

People that associate bitcoin with easy money.

Other day I saw a scheme where the guys plotted a lot of cars with the bitcoin logo and they are a ponzi scheme that "sell" hair products or something like that, imagine it for a people that never saw bitcoin what, just weird.

The main problem of bitcoiners is not the system but rather the greedy selfish people who will to try to rob you of your account and bitçoin. This issue is really big since scammers account hijackers profile stealers will not only steal your bitcoin but might also destroy your reputation and take out your source of income

[illyiller]

i think decreasing of bitcoin price is the main reason because if someone buy bitcoin in huge amount and then hold it for high price and suddenly the bitcoin price drop to half value then they will be get a big lost.

Decreasing price? Where are you -- stuck in 2014? Bitcoin is up something like 150% in the past year. I haven't been watching the market too closely, but every time I check the price, my portfolio has risen in value.

Hoping this isn't just a correction to the 2014 bear market, and we continue on the march towards $1000....

[john2231]

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a  fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction..  because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

[agamasrori]

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a  fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction..  because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

I agree,  that is the obvious problem of using bitcoin. Cutomers are need fast and practicaly transaction. People will not like to wait and stand in supermarket although only 10 minute. I hope this problem can be solve soon.

[TastyChillySauce00]

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a  fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction..  because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

I agree,  that is the obvious problem of using bitcoin. Cutomers are need fast and practicaly transaction. People will not like to wait and stand in supermarket although only 10 minute. I hope this problem can be solve soon.

the merchant just need to accept the transaction by zero confirmation. simply checking out the fees given and be sure to be above minimum requirements. no double spend at the time by checking the address' transaction. everything would be fine and there's no need to wait since it's obviously zero confirmation

[Milkduds]

I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

[xypos]

I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

Definitely... Bitcoin scammers are so plentiful out there in the bitcoin world that there is really sometimes no difference between a scammer and a legit user, and it is pretty hard to pick out whom is whom.

But anyways, this is because of bitcoin's irreversibility. Scammers love that.

[outatime1]

One problem is that there are exchanges that scam customers or just go out of business. If they take our bitcoins, there is little recourse to go after the sites to get out bitcoins back. The authorities have a hard time finding the people guilty or recovering the bitcoins.

[freedomgo]

One problem is that there are exchanges that scam customers or just go out of business. If they take our bitcoins, there is little recourse to go after the sites to get out bitcoins back. The authorities have a hard time finding the people guilty or recovering the bitcoins.

It's not a problem, there's a lot of exchange sites that are reputable and that is the only solution to your problem. Trust your money with them.

[Selly Arumsari]

I am conducting a sort of survey on what we all see as problems in the bitcoin community.

I hope to spark an open discussion that eventually reaches a consensus.

We should probably focus on only the top 7, or maybe top 10, 5 etc...

What are the MAIN problems you face, or you have seen others face, with bitcoin?





I will list what I think are the top problems. NOTE that these are my personal opinions...
1. Still not adopted by enough of the masses to appear in local businesses
2. Too many god damn scam websites,
3. Coinbase closed my account for no reason, a law should exist to prevent businesses denying individuals key services
4. Coinbase currently is the only way to automatically send RECURRING bitcoin payments - recurring transactions a must
5. no transparent, openly white hat bounty hacker police for problem #2 - an internet police white hat hacker network would be nice

"Identifying problems leads to solutions to those problems.
I have the passion and drive to find people who can solve said problems.
Thank you for any input you may have to offer. Long live Bitcoin!"
~ The King

for me , i not yet having problems so far because i am new to in bitcoin .. my trouble when i first knew bitcoin is What should I do with bitcoin
but thanks for share your proplem this is add my knowlegde about bitcoin.

[(altair)]

Most common problems are:

-Many investments sites like ponzis and hyip are showing up these days and still many people invest at that sites and few days after they get scammed.
-The difficulty of converting it to fiat.

[goldcoinminer]

Most common problems are:

-Many investments sites like ponzis and hyip are showing up these days and still many people invest at that sites and few days after they get scammed.
-The difficulty of converting it to fiat.

They are not a problem IMO, and in the first place it's not an investment, there's no way it is and only people who are desperate enough of making quick money falls victim on that and it's not a big problem but an isolated cases.

[tee-rex]

I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

Definitely... Bitcoin scammers are so plentiful out there in the bitcoin world that there is really sometimes no difference between a scammer and a legit user, and it is pretty hard to pick out whom is whom.

But anyways, this is because of bitcoin's irreversibility. Scammers love that.

Scammers certainly love that, but I still think the main cause why scammers are loving Bitcoin so much is mainly thanks to the ease of online payments made with it. You don't need to open a bank account and reveal your identity, therefore, it has more to do with Bitcoin anonymity, not so much with the irreversibility of payments as such. Once you get money transferred to your bank account, you can withdraw it immediately, but you can't withdraw your identity from the bank records.

[Rooster101]

Lots of scammers and hackers, slow adoption on many people and online businesses. Sometimes the confirmation to a wallet is slow and it takes a day or two before it fully confirmed.

[xSkylarx]

Lots of scammers and hackers, slow adoption on many people and online businesses. Sometimes the confirmation to a wallet is slow and it takes a day or two before it fully confirmed.

It's our fault if we got scammed or our wallet was hacked. Adoption can take time and we should just collect bitcoin now while we can because in the future it will spike. But i agree with the confirmation takes a lomg time to finish. It is really a hassle if we really need that money right away.

[400actforsale]

For me, the top 10 problem is:

1. The price goes up and down too fast! It was at ~$700 when I first heard of bitcoin, once down to $200 (that's when I had lost confidence in bitcoin and started selling my old account) and now at $700+ again...

2. Negative exposure to the public. e.g. my computer have been hacked earlier this year for some BTC1.2 ransom or all data is lost... At least this incident made my family thinks that bitcoin is a really bad thing... (We haven't paid a satoshi to the hacker and recovered our data though)

3. Low adoption rate. In my city I have never see a shop accepting bitcoin, and I have only seen a shop with bitcoin symbol (bitcoin exchange shop?) outside when I travel to the next city...

4. Very expensive transaction fees. It was BTC0.0001 but now a higher fee should be paid or the tx will not be confirmed within few hours... For BTC0.0005 (~$0.4 now) can buy me a pack of candy but I'll now have to 'burn' it away as fees... Especially for my faucet payouts, this high fee already taken away a huge percentage of my earnings

5. Hard to memorize bitcoin addresses. If Peter told me he had BTC address 1ooo15cT8HTdBir1nKUnw4EDPsa2tkszK and Mary have address 1ooo2rqenMxrgXgz4JkcWs4cdhRBYdhQL, I would have remembered only the first 5 digits of them (because they looked like 10001 and 10002)... The rest of the digits looks like random so I cannot send BTC to them unless I can copy-paste them... (The address book in wallet can solve this, but what if I send from exchange?) (These 2 addresses are all owned my mine and they are vanity addresses so the first few digits are recognizable, other addresses have all 34 digits (or 33, BTC addresses with <32 digits are rare) almost random and even harder to memorize )

6. Very large blockchain. I have considered downloading the full bitcoin client but the blockchain size of even 10GB have scared me away from doing that back in 2014... Now the blockchin size is approaching 100GB and would have take up half of my C drive (in fact I have only 80GB of free space now and still decreasing!).

7. Long block time. Even I have paid enough fee so my transaction is going to be confirmed in the very next block, it still take an average of 5 minutes for 1 confirmation... For sites requiring few confirmations the time needed is even longer... I have once waited more than an hour before a network block is mined so my tx cannot be confirmed in that hour!

8. Mining difficulty is too high. For a practical computer, earning from faucets is much more faster than mining bitcoins (or even CPU-friendly altcoins). This makes the distribution of new bitcoins concentrated to those who invested for ASICs, which pollutes the environment while using electricity for mining...

9. Satoshi's 1 million 'premined' bitcoins. Although they are not in market yet, once they do, it will crash the price of bitcoin by a lot. Also if satoshi decided to sell his coins, others will think that he have lost confidence in BTC and hence dumping them too. By this Bitcoin will worth nothing but just a part of the history.

10. Crashing of private keys. Although this will not happen in the near future, this will happen a day. After this once can spend BTC belong to others, which will make the system insecure.

[OliynyK]

Right now the main problem i face is that the transaction takes too much time and it is really annoying , i do know what the real issue is but it has being an issue for a long time and i hope the developers will settle the issue as soon as possible.

[millgates]

Right now the main problem i face is that the transaction takes too much time and it is really annoying , i do know what the real issue is but it has being an issue for a long time and i hope the developers will settle the issue as soon as possible.

Yes, the transaction is so competitive, who pay higher fee can complete the transaction faster. We need to wait atleast 10 minute for normal transaction. But I still loves bitcoin anyway. It is the best cryptocurrency.

[nara1892]

the main problems I face :
1. how to explain what bitcoin really is in a simple way people can understand it easily.
2. there are some stuff I do not know exactly about bitcoin.
3. I am not sure if I spend bitcoin, who are helped.
4. do not have much time to earn bitcoin because I am a college student.