It is absolutely very long transfer time for now and the transfer fees which keeps too much.I do not know how to deal with this problem, but if these transfer times and transfer fees increase in the future, bitcoin will surely lose that spell.
edit : I did not look at the subject in general, but I see browsing about the same problems
Hopefully these problems will be solved in the future.
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 58. (Read 76769 times)
Transaction fee is part of requirement for sending or recieving bitcoin I think it is attributed to miners It keep on increasing because the numbers of bitcoin user is increasing and confirmation is taking too much time I think the those consign should find a permanent solution to it.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few daysThere is a solution for this and you need to push your transaction in either viabtc or other services. I heard some member here can help you with that. And I agree, Bitcoin transaction fee is getting ridiculously high in dollar cost. I hope an upgrade on Bitcoin scaling be implemented soon. I do not care if it is BU or core implementation. All I want is to see bitcoin scaling being fixed.
It has no organized promotional effort. How far can it go without that?
The biggest disadvantages of bitcoin are:
*Slow transaction confirmation
*High transaction fee or miners fee
Those are the disadvantages of bitcoin today.
We need solution to scaling problem not a drama.
If core devs and BU dev stop the drama between them and work as a team. I think they can come up a new solution about this problem.
*Slow transaction confirmation
*High transaction fee or miners fee
Those are the disadvantages of bitcoin today.
We need solution to scaling problem not a drama.
If core devs and BU dev stop the drama between them and work as a team. I think they can come up a new solution about this problem.
I agree. Gone are the days when bitcoin has an advantage of fast transaction and low fees. Today, the advantage of bitcoin is mainly that it's a good store of value, you can earn from simply holding it, opened up online job opportunities, having a community with people all over the world, etc. The advantage of bitcoin has become its disadvantage and altcoins are grabbing the opportunity to improve the transaction fee and time. Unfortunately, no one has made a lightning network yet which is what we actually need.
The biggest disadvantages of bitcoin are:
*Slow transaction confirmation
*High transaction fee or miners fee
Those are the disadvantages of bitcoin today.
We need solution to scaling problem not a drama.
If core devs and BU dev stop the drama between them and work as a team. I think they can come up a new solution about this problem.
*Slow transaction confirmation
*High transaction fee or miners fee
Those are the disadvantages of bitcoin today.
We need solution to scaling problem not a drama.
If core devs and BU dev stop the drama between them and work as a team. I think they can come up a new solution about this problem.
Quote
Indeed, the bitcoin price is continue growing and that is good but unfortunately at the same time the fee is also growing. Yet, the speed transaction is becoming slower. In some cases you need to pay higher fee otherwise your transaction will be enshroud.
Confirmation duration in bitcoin delivery becomes a loss in the current bitcoin transaction. And yes, transaction costs become larger ..
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few daysIn the past year, if I just paid 20k sat/KB the transaction then it would get added at max in the next 3 blocks and now we have to pay 120k sat/KB for the same.
However, bitcoins is a hot virtual currency,
But the government and banks have not accepted it as mainstream currency.
So, the bitcoins can not be traded in banks and through routine measure of currency.
We should try to pursue govt and banks to accept it as any other currency.
But the government and banks have not accepted it as mainstream currency.
So, the bitcoins can not be traded in banks and through routine measure of currency.
We should try to pursue govt and banks to accept it as any other currency.
I don't think that bitcoin has any biggest disadvantage.
For me, bitcoin is complete. But i see in my country only 1% people know about bitcoin. Than i think bitcoin creator do something for bitcoin publicity like T.v adds than people quickly know about it.
For me, bitcoin is complete. But i see in my country only 1% people know about bitcoin. Than i think bitcoin creator do something for bitcoin publicity like T.v adds than people quickly know about it.
Bitcoin is not completely implemented in every country and due to very low transaction fee many people are using for illegal activities, The price of bitcoin is also not stable.
Yes, not everybody in this world know about it. And some join in illegal activities like gamblings just to earn bitcoin. Price of bitcoin is really not stable because it depends on your ranked and the no. of bitcoin users. Nowadays its getting higher and that is good for every users.
Not everyone is capable of accepting as a means of payments because they reckon that this BTC is a money laundering stuff and such alike nevertheless for me the most significant factor of BTC is it is not publicly known you could only know it if you have internet connection and are curious to know it, however the majority of living is through communicating and spending offline if you know what I mean.
Everyone is capable of accepting bitcoin as payment but others doesn't really to rely on it because we are still considered as not legal by the government. And that's the biggest advantage of bitcoin for me right now but it is just a temporary case because one day I know that the government will have time to accept it.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day LolAgree the fees now a days is one of the biggest disadvantage of bitcoin unlike in the past that isnt the problem but now it is and the delay of sending or receiving bitcoin it really takes time. Though i think it will be resolve sooner or later and i hope so because the price of bitcoin is really incredebly high so it is very good to sell now
Not everyone is capable of accepting as a means of payments because they reckon that this BTC is a money laundering stuff and such alike nevertheless for me the most significant factor of BTC is it is not publicly known you could only know it if you have internet connection and are curious to know it, however the majority of living is through communicating and spending offline if you know what I mean.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few daysIn the past year, if I just paid 20k sat/KB the transaction then it would get added at max in the next 3 blocks and now we have to pay 120k sat/KB for the same.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few daysIn the past year, if I just paid 20k sat/KB the transaction then it would get added at max in the next 3 blocks and now we have to pay 120k sat/KB for the same.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few days
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
In addition to the speed of transactions that begin to slow down, the fee will also be greater. I do not know why the fees get bigger. Currently with a fee of 10k satoshi. You will receive a confirmation maybe a few days
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day LolAgree the fees now a days is one of the biggest disadvantage of bitcoin unlike in the past that isnt the problem but now it is and the delay of sending or receiving bitcoin it really takes time. Though i think it will be resolve sooner or later and i hope so because the price of bitcoin is really incredebly high so it is very good to sell now
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day LolJump to: