Topic: Biggest issue needed to be resolved? - page 2. (Read 1714 times)

china is not a factor
ask yourself. do you have a bank account in china?
do you live in china?

if the answer to both is no, then look at the long term picture, do not make decisions on something that does not physically affect you, because it wont affect you.
by making a decision to sell at a loss based on something that doesnt affect you, is the only time it will affect you. in May, June. the china hype will be over... but your still left with a loss

i personally have not acted on any information based on china. i still have my wealth because i did not panic.
china did not cause the price drop on bitstamp/btc-e... europeans and americans caused the price drop, based on their emotions.

a prime example of another event is that smart people knew in december that mtgox shut its doors. they were quick enough to realise mtgox does not affect bitstamp or btc-e directly. so they did not sheep follow the price down to $100. (yes some dumb people did sell at a loss to cause a price drop of smaller preportions, but thats their loss)

just because one exchange dumps, there is no real reason to dump too, unless you are personally arbitraging them both and can see profit in doing so.. just remember the bigger picture.. the panic hype soon dies off, so why lose because of something that only lasts a couple months at most.

never sell at a loss..

I would say a reliable exchange at the moment. No need to provide an exchange platform for many coins, just btc and ltc will do. Preferably accept usd, gbp, euro and jpy.

non-technical but build-in/on-chain escrow

professionalism..
i do not mean corporatization or government controlled. i just mean that services dealing with other peoples wealth need to be managed by people who are not bums, social rejects, or unemployed basement dwellers. all of which are usually just in it to make themselves millionaires and will easily be tempted to cheat, steal or extort to do so.

transmission of bitcoins does not need third parties which is great. but when third party services are needed. there needs to be some transparency and trust.

EG exchanges that do not hide behind go-daddys domain privacy protections, etc.
exchanges where the owner has had financial/insurance/banking experience
exchanges that have equal collateral locked away to make it in their best interest to be ethical

and a mind set for all users. if you wont allow a distant cousin to use your debit card and pin number for all your fiat wealth, why suddenly trust a stranger that you have never met, who hides behind privacy settings.

agree adoption, but think more could be done.

why should average person use bitcoin 

adoption, but it only need time and current effort is enough

Removal of the china factor.

After that, increasing the network's transaction thoroughput.

Then, POS integration employing bitcoin "debit cards" linked to a person's address.

Centralization and Scalability issues I'd say.

I don't know nearly enough about the technical side of Bitcoin to comment on what needs to be changed there, so I won't attempt to.

I do think that Bitcoin needs to be seen/promoted more as a means of trade and less as an investment. The average consumer is probably more likely to shy away from Bitcoin if they view it as another tool of the wealthy as opposed to an alternative form of currency or payment. I think mainstream success will be very reliant on a higher number of merchant acceptance. A couple of big name retailers accepting Bitcoin as a form of payment will go a long way.

In this way, I'm sort of split on the recent IRS ruling for Bitcoin. On the one hand, the ruling does a lot of good for Bitcoin by giving it a form of official government recognition. Or maybe a sense of legitimacy would be a more appropriate way to describe it.

On the other hand, ruling Bitcoin as property and treating it as a capital gain, like an investment, serves more to downplay Bitcoin as a true alternative method of payment. I almost wonder if the ruling had some intent (whether in full or in part) to try to reduce the threat Bitcoin may have towards the U.S. dollar. Treat it like property, not payment, and people are more likely to respond in kind.

What is the biggest issue nedded to be solved regards to bitcoin (the agenda can be different, but why and to what purpose do you mean it need to be resolved. It be a new service, security update and other).

If its regards to bitcoins main purpose, commercial like merchant tools, trading or other. I am eager to her your suggestions.

I like to hear your views