Topic: What are the main problems bitcoiners face? - page 5. (Read 6614 times)
Legitimate vendors don't need stability or predictability of Bitcoin because they convert their Bitcoin profits back to fiat on the spot. I don't think Steam or Overstock or any other online vendor for that matter care much about how unstable Bitcoin is right now because they exchange these digital tokens for hard cash in their bank accounts. They use Bitcoin to get more paying clients and that's all.
Even if this is not the problem of bitcoin at first hand, it gives negative impact to bitcoin itself and eventually it gives bitcoin a negative thought and make new user avoid it because of false belief made by scam companies that uses bitcoin as bait to exploit people's greed. This will somehow hinders bitcoin mass adoption.
This is mainly because scam sites are usually among the first to pick up various innovations. Unlike real merchants, they are not going to lose much, anyway, even if Bitcoin fails in the end. This is also true in regard to other illegal activities where Bitcoin is thought to be involved. Their profit margins are very high, for example, thousands of percentages for drug trafficking, while Bitcoin gives them enough anonymity as well as a lot of other benefits, and thus they don't particularly care it survives or not in the long term...
Legitimate vendors, on the other hand, don't need as much anonymity as stability and predictability of the coin
For me, my main problem with bitcoin is bitcoin still lack of adoption. I can't spend bitcoin freely as for payment. There're not many online/offline stores that accept bitcoin as their payment, especially in my country.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.
Even if this is not the problem of bitcoin at first hand, it gives negative impact to bitcoin itself and eventually it gives bitcoin a negative thought and make new user avoid it because of false belief made by scam companies that uses bitcoin as bait to exploit people's greed. This will somehow hinders bitcoin mass adoption.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.
Even now there are still bitcoin users who knows how to transact with bitcoins but doesn't really know what it is . Almost all of them thinks that bitcoin is a magic to make money fast, That's why the scammers are taking advantage of them .
Scamming is the thing that has existed for a long time ago but in bitcoins, it just keeps increasing to the point that it becomes disturbing and annoying .
So the main problem is the people joining scam sites, Scam sites can quickly close its business if it doesn't have a customer that get tricked .
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
Scam sites does have negative effects to bitcoin and makes user should be careful and do your own research before invest.
I think these kind of deception and hackers is the major problems that bitcoiners face. Moreover, another problems such as long confirmation wouldn't be matter as you can't cancel the transaction when it already sent.
Surely it does have negative effects to the whole bitcoin ecosystem. For example, a newbie and aspiring bitcoin users wants to try bitcoin as his investments but he is lack of knowledge and suddenly gets invited to invest to a scam site. So what happened is that he gets disappointed and doesn't want to try to invest with bitcoin again after he got scammed.
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
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
Probably sending bitcoin to buy actual physical goods or grocery on a day to day basis? Bitcoin is viewed as an investment channel rather than an actual currency right now. This needs to change and needs input from the bitcoin community.
Also the transaction fees are getting higher... Obviously still lower than WU but getting higher due to full blocks as well as higher BTC price.
I guess bitcoiners from the countries like mine face more problems than the ones from European or North American countries. Here even my friends don't know about bitcoin and if some of them do they don't take it seriously so I also find it difficult and have had a hard time finding referrals to the bitcoin programs which helped me earn whatever little bitcoin I earned I know this problem of mine might sound ridiculous to some of you but after all it's one of the problems which are faced by most of bitcoiners. Also there are problems like scam sites which I have also been victim of, not finding trustworthy people who I can exchange my digital money for my country's fiat currency etc etc. There are still more problems which I have personally experienced but above mentioned ones have been the biggest ones in my case.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
Scam sites does have negative effects to bitcoin and makes user should be careful and do your own research before invest.
I think these kind of deception and hackers is the major problems that bitcoiners face. Moreover, another problems such as long confirmation wouldn't be matter as you can't cancel the transaction when it already sent.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
Scam sites does have negative effects to bitcoin and makes user should be careful and do your own research before invest.
I think these kind of deception and hackers is the major problems that bitcoiners face. Moreover, another problems such as long confirmation wouldn't be matter as you can't cancel the transaction when it already sent.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.
So the people they are scamming and being there victims are becoming more and more as the day goes by.
This is I guess one of the problems that bitcoiners must be addressed.
The main problem is that there's too much friction to convert Bitcoin to cash
For a long time in my bitcoin experience. There no big problems ive been encountered so far. Other than big crashes, here are some minor problems i've been encounter until now.
1. Few people especialy in my country knows bitcoin.
2. Few local establishments or stores accepting bitcoin.
3. Weak popularity. I ask 10 people if they know something bitcoin. They said "whats that?".
I really hope next year will be a different story.
1. Few people especialy in my country knows bitcoin.
2. Few local establishments or stores accepting bitcoin.
3. Weak popularity. I ask 10 people if they know something bitcoin. They said "whats that?".
I really hope next year will be a different story.
Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced but sometimes confirmation makes me worry .
maybe i will list this :
1. the confirmation needs a time and can not be fast
2. i can't trying to mining bitcoin because its need big hashrate to get profit
3. still a few store online that accept bitcoin as payment
4. i am not yet found a institution or any related bitcoin in offline or my city
5. i can not get more reward from faucet because its too low for now
6. i am having difficulty when i want to explain about bitcoin and i don't know how i can started
i think that is the main problem that i have until now.
1. the confirmation needs a time and can not be fast
2. i can't trying to mining bitcoin because its need big hashrate to get profit
3. still a few store online that accept bitcoin as payment
4. i am not yet found a institution or any related bitcoin in offline or my city
5. i can not get more reward from faucet because its too low for now
6. i am having difficulty when i want to explain about bitcoin and i don't know how i can started
i think that is the main problem that i have until now.
The major thing problem about the bitcoiners face was, bitcoin is not that easy for the individual to understand it. Then once they pass through about it the problems was in the online bitcoin sites I think,
The problem I would name are really different from those mentioned by the OP. Firstly, the problem is that you can't really do anything with your btc. I mean, you can't buy some stuff in your everyday life. Secondly, the price is a bit un stable, so you may pay for something and then the price of btc will drop and it's just as if you payed more for that stuff. The third problem is the legal status. There aren't many countries in which btc is legal, so it's a bit risky to use it sometimes.
Currently the problems bitcoiners are facing is longer transaction confirmation time. Still 40k+ unconfirmed transactions.
Yes the biggest problem that I face is to find place,services and individuals that accept bitcoin and because of that I have to first convert it to my local currency before I could spend it.Another problem is indian exchanges to not offer conversion rate at par with international bitcoin rates
I think it is not such a big problem, I think there are a lot of trusted form who can provide you a good and trusted service, you just need to search for them and hope that when you will start using their service your trust and confident over them will also increase.
One problem I see with bitcoin is that it's not resistant enough against FUD rumors.
Once a rumor is put into the world, there are still many people who immediately believe it. No matter how uncertain the source is.
That resolves in price drops. Fortunatelly I have noticed that these drops are becoming smaller and the price recovers faster.
So we are on a good way in that matter.
Once a rumor is put into the world, there are still many people who immediately believe it. No matter how uncertain the source is.
That resolves in price drops. Fortunatelly I have noticed that these drops are becoming smaller and the price recovers faster.
So we are on a good way in that matter.
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