What is big problem in using of bitcoin - page 22.

drwtsn32

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Quote from: dEJAVU95 on August 30, 2016, 05:23:56 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

The confirmation speed depends on the transaction fee you put in.
The lower the fee the slower it gets to be confirmed.

About what you said about scamming, well, we can't tell people how they should use bitcoin.
Whether we use it in a right way, wrong way, or whatever way possible, it is our money and no one dictates us how to use it.
That is a good thing about bitcoin. Freedom.

x4

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A very big problem is when you buy bitcoin with its current price this time and after a few days it dumps almost 10-20% and thats how it goes its very frustating. But if in a whole, bitcoin is not a problem though confirmations sometimes get longer to receive but its nkt a totally an issue

JeffBrad12

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Quote from: dEJAVU95 on August 30, 2016, 05:23:56 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

Transaction is always instant , and the confirmation is always needed because i think if you wanna receiving a zero confirmation method like your are receiving an invalid transaction. and about scamming is already there a lot of topic is discussing about that and you can read them all.

skylighters

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there are no problems for me, to be honest i like everything when it comes to bitcoins

John Constantine

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For me, the biggest problem is the confirmation time, especially if the merchant does not accept zero confirmation.

bestluck

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Quote from: Strongkored on August 30, 2016, 03:35:02 PM

my problem is time to get confirmation network make me boring, and security too, but now is many scammer in bitcoin world, HYIP website now is accepted bitcoin for they payment processor and make bitcoin worthless sometimes, and lazy people believing they bitcoin in HYIP website

yeah sometimes it take some larger time for transaction to get confirmed, but still i like to transact with that currency because the transaction time of bitcoin is not larger than what the banks and western union take.

Strongkored

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my problem is time to get confirmation network make me boring, and security too, but now is many scammer in bitcoin world, HYIP website now is accepted bitcoin for they payment processor and make bitcoin worthless sometimes, and lazy people believing they bitcoin in HYIP website

mobilestrike

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Quote from: Akupuniard on August 30, 2016, 09:13:15 AM

Quote from: dEJAVU95 on August 30, 2016, 05:23:56 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

Yeah, sometimes it very long and boring and better to go to sleep, but about scammers it's only your fault if you was scammed, usually scammers are bad.

I will say that confirmation timing is not much higher once you get three confirmations you get the bitcoins to your wallet ,

and if you remain alert and will have knowledge about every field relating bitcoin then no one will be able to scam you.

CasioK

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Quote from: SquallLeonhart on August 27, 2016, 12:27:14 PM

Quote from: Jeremycoin on August 27, 2016, 12:05:28 PM

The big problem is that you guys keep talking about the weakness of Bitcoin instead of thinking about the advantages and use it for a better purpose.
Because if we keep talking about bad things about something, then that something will keep being bad.

Yeah bitcoin holds wide range of benefits which is helping its users in many ways so instead of pointing finger on bad sides of it we should focus on advantages that is offering us.

I guess as time passes the only thing people will be talking about is how it can be used in new ways to improve the way a payment method works. It’s already happening and people are seeing how much easier things work when using blockchain technology.

sabbirshm

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for me, I can't using bitcoin everywhere. in my country bitcoin is unknown for almost everyone and no shop,offices accept bitcoin.So, I fall into problem that what should I do with my bitcoin. but currently, I am recharge my mobile with bitcoin and withdraw bitcoin through moneygram.

deisik

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Quote from: dana pani on August 30, 2016, 10:30:05 AM

to me the big problem we are facing in bitcoin is that there is not a sing shop where we can use bitcoin for shopping.

You can order a Bitcoin payment card which allows you to spend your bitcoins basically in the same way as you would want to spend them directly. All required conversions are done internally by the entity which emitted the card and are totally transparent to you...

I guess this is the way to go if you want to use Bitcoin for shopping

dana pani

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to me the big problem we are facing in bitcoin is that there is not a sing shop where we can use bitcoin for shopping.

deisik

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Quote from: Xenophoto on August 25, 2016, 10:15:12 PM

In the buyer's perspective, the big problem with bitcoin is the anonymity and the inability to revert the payment. Once he sends the payment, he can never get it again nor can he cancel it. The same thing applies when he sends it to a wrong address

I have always been saying that the irreversibility of payments is a big potential problem that may have yet to show its ugly face in the future. I understand that it may be hard (if possible at all) to implement something like a grace period (during which the transaction can be revoked, with a default timeout of 0), but no public entity will ever want to do anything with a system which doesn't allow to revoke payments...

This essentially means that Bitcoin will never be a part of public finances

Quote from: Betwrong on August 30, 2016, 03:21:15 AM

You are lucky you have 2! It's my dream any store in my town accepts Bitcoin and my town is the capital of the largest country in Europe (Ukraine, yeah it's funny, just learned this yesterday

)

You must be kidding

kaomaxx

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The problem associated with bitcoins is the lenthy process of acquiring the digital currency as identification will be required and and certain limitations to newbies

Legasean

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The biggest problem in using bitcoins is that there are so many people who dont know exactly what to do with the bitcoin and i know for sure that the security of the bitcoin is that bad that we all have to know that your coins are not save not even in a wallet.

danherbias07

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Quote from: BALIK on August 30, 2016, 09:36:39 AM

Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

My problem in bitcoin is too slow synchronization in bitcoin core (since my PC specs is not much high) also so many scammer bitcoin users and illegal transaction if you look in deep web you can saw a lot of selling guns, drugs and anything illegal transaction that accept bitcoin as a payment.

That selling thing have been a problem for quite some time. We know it buy we cannot do anything about it. You wont even want to have a problem with them. It will be risky.

BALIK

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Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

My problem in bitcoin is too slow synchronization in bitcoin core (since my PC specs is not much high) also so many scammer bitcoin users and illegal transaction if you look in deep web you can saw a lot of selling guns, drugs and anything illegal transaction that accept bitcoin as a payment.

Akupuniard

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Quote from: dEJAVU95 on August 30, 2016, 05:23:56 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

Yeah, sometimes it very long and boring and better to go to sleep, but about scammers it's only your fault if you was scammed, usually scammers are bad.

Cuhua-hua

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Quote from: dEJAVU95 on August 30, 2016, 05:23:56 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

It is indeed the case in the last few months, since there is a fairly high growth. now it is increasingly the case, but I am sure that this will soon be resolved if there is some definite solution will be given by the dev, bitcoin.

dEJAVU95

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One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

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