What are the main problems bitcoiners face?

michellee

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Quote from: densuj on December 25, 2016, 10:37:38 PM

Quote from: KingTylerVVS on November 22, 2016, 06:31:18 AM

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

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

The main problem when knew about bitcoins, I want have much money from bitcoins by fast way.
But today i know it is immposible for get much money in it.
The fact not all of us getting money from bitcoins even just for a little money from bitcoins,
I just can make a little money from trading altcoins, but i am sure by the time itu will become large money.
So bitcoin is not fast way for looking for much money.

its true and we know how hard to earning bitcoin by free unless we have money to buy directly from market exchanges or third party service. beside that, for now, if we want to buy 1 bitcoin, we need at least $900 in our hands but fortunately bitcoin can be bought for a little amount so we don't have to buy 1 bitcoin. the others main problems for bitcoiners is in the out side many people will consider that bitcoin is something that they have to avoid because bitcoin is ready to scam them but its wrong, this is because in out side, we know that many investment programs which using bitcoin as the payment has just make the people to loss their money in bitcoin so they called bitcoin is scam.

tee-rex

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Quote from: BitHodler on December 24, 2016, 08:07:33 AM

Quote from: talks_cheep on December 24, 2016, 07:51:40 AM

currently, the only place you can go to buy and sell bitcoins is Coinbase which is under IRS investigation, if you ever bought or sold bitcoin there, IRS will audit your tax. Bitcoin users are completely screwed in the USA.

I assume you mean that Coinbase is the only place for you to buy your coins, right?

Nowadays there are so many other services where you can buy and sell Bitcoin. Best thing is that they offer a wide variety of options to make a deposit.

That being said, what happened with Coinbase regarding the IRS, is just a start. I wouldn't be surprised that at some point other exchanges will undergo the same treatment from the IRS.

Bitcoin is a growing industry where the government is (according to them) missing out on tens of millions in unpaid taxes. It's more than worthwhile for them to open the hunt on people through their exchanges.

At first they were going to ban Bitcoin and now they are going to tax it? I don't think people will welcome this idea. It the IRS and their likes really start heavily taxing people in big numbers, people will simply stop using the exchanges that are reporting on them. Besides, because exchanges like web wallets are mostly online businesses, there will be a push to register their services in countries and jurisdictions with small tax burden.

sunsilk

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Quote from: Kasabus on December 26, 2016, 01:32:11 AM

Quote from: agamasrori on December 25, 2016, 10:51:39 PM

Quote from: alphablitzer on December 25, 2016, 10:23:50 PM

That's not all the problems that bitcoiners face; there are just some that encounters it when transacting with people. Whether they can be trusted or not. Mainly, it's the application in the real world . Also, there are just some close minded people that don't want to adopt Bitcoin.

Bitcoin world wide transaction is still faster than banks transfer. I think there are nothing serious problem that bitcoiner face. Although bitcoin amount is limited but it is can be divided into 8 decimal.

That's true, it's more faster because there is not intervention by a third party, we are transacting a very faster way and decentralize way. People loving it since the fee is very cheap and there's no restriction on your status in life to be able to adopt with bitcoin. It's definitely the freedom we are looking.

Yes there are not serious problems that a bitcoin users will face. I guess the problem is that how we are going to get bitcoins very fast.

But the answer for that is we know already as there are a lot of source out there and it is just going to depend on how we are going to work hard for it.

Certainly there are no major problems I can see that we will face unless bitcoin is going to lost its value.

Kasabus

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Quote from: agamasrori on December 25, 2016, 10:51:39 PM

Quote from: alphablitzer on December 25, 2016, 10:23:50 PM

That's not all the problems that bitcoiners face; there are just some that encounters it when transacting with people. Whether they can be trusted or not. Mainly, it's the application in the real world . Also, there are just some close minded people that don't want to adopt Bitcoin.

Bitcoin world wide transaction is still faster than banks transfer. I think there are nothing serious problem that bitcoiner face. Although bitcoin amount is limited but it is can be divided into 8 decimal.

That's true, it's more faster because there is not intervention by a third party, we are transacting a very faster way and decentralize way. People loving it since the fee is very cheap and there's no restriction on your status in life to be able to adopt with bitcoin. It's definitely the freedom we are looking.

agamasrori

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Quote from: alphablitzer on December 25, 2016, 10:23:50 PM

That's not all the problems that bitcoiners face; there are just some that encounters it when transacting with people. Whether they can be trusted or not. Mainly, it's the application in the real world . Also, there are just some close minded people that don't want to adopt Bitcoin.

Bitcoin world wide transaction is still faster than banks transfer. I think there are nothing serious problem that bitcoiner face. Although bitcoin amount is limited but it is can be divided into 8 decimal.

densuj

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Quote from: KingTylerVVS on November 22, 2016, 06:31:18 AM

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

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

The main problem when knew about bitcoins, I want have much money from bitcoins by fast way.
But today i know it is immposible for get much money in it.
The fact not all of us getting money from bitcoins even just for a little money from bitcoins,
I just can make a little money from trading altcoins, but i am sure by the time itu will become large money.
So bitcoin is not fast way for looking for much money.

alphablitzer

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That's not all the problems that bitcoiners face; there are just some that encounters it when transacting with people. Whether they can be trusted or not. Mainly, it's the application in the real world . Also, there are just some close minded people that don't want to adopt Bitcoin.

BitHodler

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Quote from: talks_cheep on December 24, 2016, 07:51:40 AM

currently, the only place you can go to buy and sell bitcoins is Coinbase which is under IRS investigation, if you ever bought or sold bitcoin there, IRS will audit your tax. Bitcoin users are completely screwed in the USA.

I assume you mean that Coinbase is the only place for you to buy your coins, right?

Nowadays there are so many other services where you can buy and sell Bitcoin. Best thing is that they offer a wide variety of options to make a deposit.

That being said, what happened with Coinbase regarding the IRS, is just a start. I wouldn't be surprised that at some point other exchanges will undergo the same treatment from the IRS.

Bitcoin is a growing industry where the government is (according to them) missing out on tens of millions in unpaid taxes. It's more than worthwhile for them to open the hunt on people through their exchanges.

talks_cheep

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currently, the only place you can go to buy and sell bitcoins is Coinbase which is under IRS investigation, if you ever bought or sold bitcoin there, IRS will audit your tax. Bitcoin users are completely screwed in the USA.

millgates

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Quote from: Vaskiy on December 23, 2016, 04:06:03 PM

Quote from: Red Fish on December 23, 2016, 09:07:50 AM

Bitcoin transfer time is too long - can be up to one hour or more. In Blockchain wallet you can not transfer small BTC volumes, send transfer do not go through. Bitcoin privacy can be much better like in altcoins, for example, Monero.

Bitcoin transfer doesn't take that much time as quoted. Based upon the network, the variation in the time of confirmation takes place. Once on transferring bitcoin, soon the send bitcoin comes under the notification of unconfirmed transactions, which itself serves as a confirmation.

But if bitcoin get huge much adoption the transaction can be slower. The transaction is really competitive who pay higher fees can comeplete the transaction faster. We need to wait atleast 10 minute, but it still faster than paper money transfer world widely.

Vaskiy

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Quote from: Red Fish on December 23, 2016, 09:07:50 AM

Bitcoin transfer time is too long - can be up to one hour or more. In Blockchain wallet you can not transfer small BTC volumes, send transfer do not go through. Bitcoin privacy can be much better like in altcoins, for example, Monero.

Bitcoin transfer doesn't take that much time as quoted. Based upon the network, the variation in the time of confirmation takes place. Once on transferring bitcoin, soon the send bitcoin comes under the notification of unconfirmed transactions, which itself serves as a confirmation.

Kevin77

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It is with no doubt that us bitcoiners face the difficulty of not being able to use our hard earned money on the daily needs like paying bills with bitcoin or going to the supermarket or restaurant and use our wallets to pay, but there are solutions we can always exchange it to fiat but that does not serve the purpose of bitcoin which is using it as a major currency just like fiat.

myparentsdisownedme

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Some mor eproblems is just easy conversion

like, as a bitcoiner, i cant just go to an ATM and quickly convert my btc

it sucksssss

Shady

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Life is a game, you either play it or get played.

Bitcoin is difficult to purchase through brokers, fears of scam. Etc.. Exchange fraud or direct deposit delays may lead to problems of dealing with the wrong people.

In no way is BTC a bad currency, it just surpassed the bubble phases after faucets opened more application opportunties not only with this coin, but with all alternative cryptocurrencies alike. There is still yet to come so if you're having too much trouble simply ignore it until fixes take place once the economy fully evolves.

dhampir-D

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Quote from: Red Fish on December 23, 2016, 09:07:50 AM

Bitcoin transfer time is too long - can be up to one hour or more. In Blockchain wallet you can not transfer small BTC volumes, send transfer do not go through. Bitcoin privacy can be much better like in altcoins, for example, Monero.

I also think that things need to improve, but it is a matter of time, the network will gradually receive improvements to increase the efficiency of transactions. And with respect to privacy, there are features that allow you to improve this, such as btc mixers.

choppork

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Quote from: bravehearth0319 on December 23, 2016, 01:45:05 AM

In my experience about this matters, the commonly problem that I encountered in bitcoin world is that many of the scammer's appeared in this industry. They used bitcoin their own interest. and they found out that majority of the member here are innocents that's many became a victim's of them. Even in different mining sites about in bitcoin I found out that there is many scam sites also rise up here too.

That would stop being a problem if you could just start learning about all those things. Scamming is a very easy thing to do. You just need to "bait the fish" and you'll get your money. You will always be a fish to the scammer's eyes even if you already know their gimmick. You just have to ignore the "bait" when you see one. If the deal's too good or even just slightly better than the usual deal, then you should start becoming suspicious. He either send first or you guys use escrow. If he passed, then that means he's a scammer. Never send anything first.

Red Fish

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Bitcoin transfer time is too long - can be up to one hour or more. In Blockchain wallet you can not transfer small BTC volumes, send transfer do not go through. Bitcoin privacy can be much better like in altcoins, for example, Monero.

Yutikas_11920

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Quote from: tee-rex on December 23, 2016, 08:52:49 AM

Quote from: bravehearth0319 on December 23, 2016, 01:45:05 AM

In my experience about this matters, the commonly problem that I encountered in bitcoin world is that many of the scammer's appeared in this industry. They used bitcoin their own interest. and they found out that majority of the member here are innocents that's many became a victim's of them. Even in different mining sites about in bitcoin I found out that there is many scam sites also rise up here too.

This is mainly because people are using Bitcoin to earn profits and don't use it for real trade. They are looking for opportunities that would allow them to earn more but end up being used themselves by scammers. If Bitcoin wasn't itself promising quick profits, there would be less fraudulent schemes which employ it. And people are greedy too, but they have always been like that.

Yup, it's something that has indeed become a problem because most people use bitcoin only for investments and they have no desire to introduce bitcoin to everyone they know or to everyone. It is indeed something that could make growth bitcoin stalled, because something great comes from loyalty and growth or demand from everyone. If the request is bitcoin slightly and supplies stock a lot then it is the beginning of the bitCoin will be crushed

tee-rex

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Quote from: bravehearth0319 on December 23, 2016, 01:45:05 AM

In my experience about this matters, the commonly problem that I encountered in bitcoin world is that many of the scammer's appeared in this industry. They used bitcoin their own interest. and they found out that majority of the member here are innocents that's many became a victim's of them. Even in different mining sites about in bitcoin I found out that there is many scam sites also rise up here too.

This is mainly because people are using Bitcoin to earn profits and don't use it for real trade. They are looking for opportunities that would allow them to earn more but end up being used themselves by scammers. If Bitcoin wasn't itself promising quick profits, there would be less fraudulent schemes which employ it. And people are greedy too, but they have always been like that.

bravehearth0319

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In my experience about this matters, the commonly problem that I encountered in bitcoin world is that many of the scammer's appeared in this industry. They used bitcoin their own interest. and they found out that majority of the member here are innocents that's many became a victim's of them. Even in different mining sites about in bitcoin I found out that there is many scam sites also rise up here too.

Topic: What are the main problems bitcoiners face? (Read 6614 times)