What does Bitcoin need the most? Wallet Security, Safe Exchanges, User Friendly?

Yatsan

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Quote from: bitrebel on August 07, 2011, 03:24:55 AM

What do you think is the single most important feature Bitcoin needs to improve it's acceptability?

I think being able to improve the user friendly feature says it all for being a user friendly will be able to make it easy to navigate or use Bitcoin more effectively which includes strengthening of wallet security for it is needed by the users most specially for the new ones.

Quote from: n0ne on October 06, 2020, 09:04:54 AM

The necessary things that Bitcoin needs the most in my view

Wallet Security

User Friendly Access
Easy Backup of Key
Legal Acceptance
Operational Teams to
help people learn bitcoin
Teams continuously working
to eradicate the Scammers
Official News Source, so to
Increase the trust among common
people and safeguard people getting
Caught on traps

Indeed those are essential points too to strengthen and be able to conduct massive Bitcoin adaption for those key points mentioned are the ones mostly people are asking before getting into Bitcoin most specially the legal acceptance part for we all do know that there are certain countries where Bitcoin is still being unable to get legalized due to some concerns of the government. If all those key points mentioned will be improved, possibly people will get into this industry even more.

Xembin

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Quote

What do you think is the single most important feature Bitcoin needs to improve it's acceptability?

Wallet security is the most important that can improve bitcoin acceptability because once the money is safe, people will like to invest their coins with bitcoin. With the wallet security it will make their private address not to expose to scammer for their money to be safe.

canaris1985

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Increased security is a big one. Also, dunno if it'll ever be possible, BTC ATMs should chill with these enormous fees

n0ne

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The necessary things that Bitcoin needs the most in my view

Wallet Security

User Friendly Access
Easy Backup of Key
Legal Acceptance
Operational Teams to
help people learn bitcoin
Teams continuously working
to eradicate the Scammers
Official News Source, so to
Increase the trust among common
people and safeguard people getting
Caught on traps

Kong Hey Pakboy

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Quote from: proTECH77 on October 06, 2020, 06:13:46 AM

I think what bitcoin need most is user friendly because users make bitcoin popular all over the world. Bitcoin is not operating by robots but by human who are bitcoin users.
Many people know bitcoin through Bitcoin users who introduced the platform to them and how they can invest and get a good reward With bitcoin. I think bitcoin cannot do without users in any where in the world.

From my point of view, bitcoin needed all of these feature that OP mentioned for more people will use and buy bitcoin. Bitcoin needed more security, safe exchanges and user-friendly, so bitcoin users would not be worried on keeping their holdings on their wallets and for them to have comfortability in using bitcoin.

proTECH77

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I think what bitcoin need most is user friendly because users make bitcoin popular all over the world. Bitcoin is not operating by robots but by human who are bitcoin users.
Many people know bitcoin through Bitcoin users who introduced the platform to them and how they can invest and get a good reward With bitcoin. I think bitcoin cannot do without users in any where in the world.

snort.tech

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Quote from: bitrebel on August 07, 2011, 05:04:27 AM

How is Bitcoin supposed to integrated into a monetary system who's accounting goes by the dollar?
In other words, for insurance companies to back a company they have to assume a limited amount of risk. How can an insurance company, backed naturally by banking institutions, insure a company who's risk includes bitcoins, which fluctuate rapidly by the day and which is severely prone to hack attacks and theft, as it currently stands, and which is in direct competition to the banking cartels, which own the insurance companies??

Put more succinctly, how can a company account for bitcoins on it's books, when it must convert that denomination to US dollars immediately in order ti insure against loss? There will always be an exchange in the company's accounting, that they are dealing with.

To address these requirements we have released an alpha version of a solution for integrating lnd with your accounting software.

To get started go to https://snort.tech

ctoon6

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Quote from: Smalleyster on August 11, 2011, 01:06:56 PM

Quote from: ctoon6 on August 11, 2011, 01:00:34 PM

hot female mascot

LOL! I used to agree with you until I learned throught actual marketing research that a hot car brought in more *paying* customers than a hot female. Surprised the hell out of me.

i agree and disagree, a hot mascot will get you noticed by more people faster. bitcoin is not really a "product" in the traditional sense.

Smalleyster

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Quote from: ctoon6 on August 11, 2011, 01:00:34 PM

hot female mascot

LOL! I used to agree with you until I learned throught actual marketing research that a hot car brought in more *paying* customers than a hot female. Surprised the hell out of me.

ctoon6

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hot female mascot

http://www.youtube.com/watch?v=1k6w1yP5-XY

I dont think 16 million people watched the video for exercise(not THAT exercise Tongue

)

this is proof that a hot female can get people to look at the video at minimum, if they listen or not is another thing.

error

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People who will actually do something instead of just complaining.

Smalleyster

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I yam what I yam. - Popeye

Merchant friendliness!.

So far all of the applications and/or websites that I have seen are both amateur and expensive.

As much as I hate to say it PayPal is a better deal for most small merchants and regular credit card processors are best for established ones.

CJYP

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Merit: 10

I'd say increased user friendliness is the most important, with increased security a very close second.
With increased user friendliness, all the others will follow (except security) because people will want to use BTC.
Without increased security, all the others will be lost (except user friendliness) because people will lose faith in BTC.

You have to gain something to be able to lose it, thus my opinion that user friendliness is slightly more important than security.

flug

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Quote from: bitrebel on August 11, 2011, 12:21:15 AM

Quote from: flug on August 07, 2011, 02:11:47 PM

I bet that if a trusted entity formed a Bitcoin bank where you could deposit your bitcoins for safe keeping and they were guaranteed/insured for a fee, Bitcoin would go to the next level.

Why would any Insurance company, which are all owned by the banks, ever insure a bitcoin company?
I cannot see that happening.
The British Pound is tied into the IMF and therefore it's a debt based fiat currency as well. England is just as screwed as everyone else.

I don't how it would be done, and by whom, or even if it's feasible. I'm saying that if it could be done (and feel free to get creative here), it would give Bitcoin huge boost.

nmat

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Quote from: bitrebel on August 07, 2011, 07:18:21 PM

I think the problem could have more to do with the fact that bitcoin fans would rather have a hot female bitcoin mascot than either a safe wallet, safe exchanges or user friendliness. Wink

This is true

bitrebel

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Quote from: flug on August 07, 2011, 02:11:47 PM

I bet that if a trusted entity formed a Bitcoin bank where you could deposit your bitcoins for safe keeping and they were guaranteed/insured for a fee, Bitcoin would go to the next level.

Why would any Insurance company, which are all owned by the banks, ever insure a bitcoin company?
I cannot see that happening.
The British Pound is tied into the IMF and therefore it's a debt based fiat currency as well. England is just as screwed as everyone else.

error

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Quote from: flug on August 07, 2011, 04:07:49 PM

Quote from: error on August 07, 2011, 03:02:10 PM

What sort of trusted entity do you propose? I can hardly trust $BANK with my USD.

I've had my GBP salary paid into my bank for year after year without problem. Political/economic issues aside, I've never been worried about my GBP being hacked. That's what we need for the Bitcoin economy to mature. I'd never have my salary paid in bitcoins and sent to anywhere on the web right now, and especially not to my Windows laptop.

And I've never had to worry about my bitcoins being hacked. But I have to worry constantly about those political/economic issues you are willing to set aside that threaten my USD.

This doesn't mean that I think there's no need for improvement in security. I think all of the above need work, and I'm actively working on more than one of those myself.

bitrebel

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I think the problem could have more to do with the fact that bitcoin fans would rather have a hot female bitcoin mascot than either a safe wallet, safe exchanges or user friendliness. Wink

25.7% of respondents have voted for this necessity. lol

max in montreal

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How does someone who sells products or provide services keep a proper price list? About a monthing ago bitcoins were 30$. How often does someone have to change their price list? I think this is the biggest problem.

As for security, noobs should realize that this is real money. They should also consider somehow securing their computer to avoid trojans/viruses and other security issues. Someone should create a starter post with steps to sucessfully do this, and get it stickied...But then again someone got 500000$ worth of coins stolen and he was not a newbie.

There is only so much hand holding you can do, but that will not help everyone.

We learn through our mistakes and by searching the forum. Some people will not be able to figure it out themselves, even if we hold their hands. This is a lot more complicated than setting a VCR to record a show for you when you are not home...and lots of people could not understand that concept either.

flug

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Merit: 250

Quote from: error on August 07, 2011, 03:02:10 PM

What sort of trusted entity do you propose? I can hardly trust $BANK with my USD.

I've had my GBP salary paid into my bank for year after year without problem. Political/economic issues aside, I've never been worried about my GBP being hacked. That's what we need for the Bitcoin economy to mature. I'd never have my salary paid in bitcoins and sent to anywhere on the web right now, and especially not to my Windows laptop.

Topic: What does Bitcoin need the most? Wallet Security, Safe Exchanges, User Friendly? (Read 2075 times)