IMO, the biggest bitcoin disadvantage is bitcoin can't be use as easy as fiat does because it's lack of adoption. Only few online/offline stores that accept bitcoin as payment also those stores are only available in few countries.
I hope bitcoin can be use for daily transaction in real life in future, therefore I don't need to bring cash and it makes me safer.
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 94. (Read 76730 times)
I think the biggest disadvantage of bitcoin now is we can not spend it locally yet but i am hoping that this will be available soon. Then also disadvantage is there is no physical coin that more people does not like it.
In my opinion, the biggest disadvantage of Bitcoin is the learning curve. It's hard to learn bitcoin especially when people has no clue what it is. This is, I believe, to be one of the hurdles bitcoin needs to surpass before it gets widely adopted by the public.
What's preventing Bitcoins from being accepted as mainstream payment forms?
Simple answer is mainstream wants bitcoin to have stable price like cash but bitcoin can't have stable price. Why you think bitpay like third party are being used by majority of big merchants, because they don't like to loss any cents on price volatility. They are accepting bitcoin just to reach next bunch of potential buyers who want to pay with bitcoin.
i think not stable price one of disadvantages and sometimes this is hurt for bitcoin users although huge price increase is happinest for user
The single biggest disadvantage that Bitcoin has is by far the time it takes to confirm a transaction, either with one, two or three confirmations. There is no point when it comes to having more than one confirmation imo, but even then it can take between 10 to 30 minutes to confirm a single transaction, something not realistically possible for normal purchases.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved 
awareness and knowledge to technology is the biggest blockage on its adoption because people really lost their interest when we do tell them about. Bitcoin but If they don't have enough knowledge then the wil surely not bother to engage in it. Next, will be it's fluctuating price. People really don't like this thing in most cases. 
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved
Not really will be use worldwide as over 80% population on this planet.
- As designed as alternative currency at first place.
- Have limited supply.
- Hard to track(this why government hate) but possible to tracked.
- Volatile, this why people who not have interest with geek technology considering hundred times.
- Decentralized (all government hated this so much). And some people can't protect their asset.
- Has been bad stamp since silk road.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved
Bitcointalk is probably one of Bitcoins biggest drawbacks. People get interested in Bitcoin then come to this shitshow and get put off from all the signature spammers and deluded wanna be rich assholes. Just get a job, you will never create a successful blockchain and further more, crypto doesn't need it.
The greatest disadvantage from what I have experienced is the fact that Bitcoin transaction is irreversible even after a mistake is being made regarding a transaction or even when it is a scam transaction another is the fact that there is even no way to report a user or an address so individuals can be warned about that person or address. If this has settled, I am good with everything about Bitcoin...
The fact that Bitcoin can only be mined with large scale Asic farms and not with normal computers. Just imagine if everyone could mine something
like Bitcoin on a simple computer again, like back in the old days. Someone should find a way to make Bitcoin or another coin Asic-proof so normal
people could mine again. If computers or appliances could pay for their own electricity cost, it would enormous.
like Bitcoin on a simple computer again, like back in the old days. Someone should find a way to make Bitcoin or another coin Asic-proof so normal
people could mine again. If computers or appliances could pay for their own electricity cost, it would enormous.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved
The fact that it is not controllable at first place, and secondly it is not yet known by everyone in the world, we are even not 2% of the world's population right now, so how come a government would bring something to a country where peope does not even know about it nor they know how to use it.
For me, the biggest dksadvantage of bitcoin is; it is not widely accepted. Infact, some countries are banned this kind of technology. If you want the list here https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country. Second, it has no physical form. You cannot spend it ti any physical stores. Only few stores are accepting bitcoin. You need to convert it to cash in able to buy. Third, bitcoin can be lost. Just like physical.money, it can be lost. For example. You have stored your btc at your pc, but the pc crashes. Your wallet is lost and also your btc.
For me the biggest disadvantage of bitcoin is fucking people like you deciding to use it as an excuse to scam people out of their fucking money instead of being a contribution to society that deserves the breath you take https://bitcointalksearch.org/topic/dmitryvastov-is-a-scammer-1439440
For me, the biggest dksadvantage of bitcoin is; it is not widely accepted. Infact, some countries are banned this kind of technology. If you want the list here https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country. Second, it has no physical form. You cannot spend it ti any physical stores. Only few stores are accepting bitcoin. You need to convert it to cash in able to buy. Third, bitcoin can be lost. Just like physical.money, it can be lost. For example. You have stored your btc at your pc, but the pc crashes. Your wallet is lost and also your btc.
The biggest disadvantages of bitcoin is that bitcoin can be stolen by anyone in many ways. Bitcoin service providers can be hard to trust, but even if it is, we must to trust bitcoin. You joined in the field of bitcoin then it means you trust it. There is a lack of acceptance, lack of protection because it is not considered as legal in most countries in the world.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved
It`s irreversible-in some cases it`s a disadvantage,in other cases it`s advantage.
The price isn`t stable sometimes-it`s an advantage and also a disadvantage sometimes.
For me the biggest disadvantage of btc is that i don`t have enough bitcoins
. 
The pizza to BTC ratio has dramatically changed.
http://lunaticoutpost.com/thread-713227.html
Now what?
http://lunaticoutpost.com/thread-713227.html
Now what?
i personally have trouble with two things:
1) the volatility, which i believe is one of the reasons why bitcoin is not really seen as a currency but more of an asset to invest in and make profit and then leave to use the fiat profit you earned.
2) the fact that we need an upgrade (the block size) and we are having a very hard time coming up with a solution which everybody agrees on.
1) the volatility, which i believe is one of the reasons why bitcoin is not really seen as a currency but more of an asset to invest in and make profit and then leave to use the fiat profit you earned.
2) the fact that we need an upgrade (the block size) and we are having a very hard time coming up with a solution which everybody agrees on.
It depends on how you use Bitcoin. I for example don't really experience anything negative to the point that it should/could be improved.
If I have to write down a less attractive feature anyway, then it would probably be the time it takes for a transaction to get confirmed.
Instead of 10 minutes block times I would choose for 1 or 2 minute block times. Mainly because of the fact that it would make it much more suitable for being used as currency.
If I have to write down a less attractive feature anyway, then it would probably be the time it takes for a transaction to get confirmed.
Instead of 10 minutes block times I would choose for 1 or 2 minute block times. Mainly because of the fact that it would make it much more suitable for being used as currency.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved
The aspects of Bitcoin that would need to be changed for rapid mainstream adoption are not necessarily the ones that I'd like to see being changed.
For example, Bitcoin is a pseudonymous currency. In my view this is a plus. But it would be even better if it were a truly anonymous currency, making financial surveillance by the ruling authoritarians impossible. That however isn't improving the prospect of mainstream adoption, because the governmental control freaks like to do surveillance and will harass and threaten corporations and individuals who do not comply.
So mainstream adoption at all costs is definitely not a desirable goal if it means that Bitcoin's core values are surrendered in the process.
Instead of starting the 1000th altcoin clone, consider contributing to Bitcoin Core if you really have some competence. We don't need yet another premine scam.
ya.ya.yo!
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