What is big problem in using of bitcoin - page 32.

mishra1994u

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Quote from: redsn0w on July 11, 2016, 07:15:31 AM

Quote from: escrowboy on July 11, 2016, 06:06:26 AM

Quote from: vdotcash on July 10, 2016, 09:44:19 PM

Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Indeed we are now in a fee based battle for block space. Using 0.0005 fee always works for me to get into the next block.

I think fee should be proportion on what is the value we currently have because what if the value hit it's highest price then .0005 every transaction will really affect you because it will have a bigger price.

The fee (basically) should be proportionally to the size of the tx and obviously of your demand, anyway bitcoin fees are still low respect other method of payments.

Yes right as compared to other payments options bitcoin fee is less..But its same even for small transaction or any bigger transaction..so no issue for peoples sending high amounts..

redsn0w

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#Free market

Quote from: escrowboy on July 11, 2016, 06:06:26 AM

Quote from: vdotcash on July 10, 2016, 09:44:19 PM

Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Indeed we are now in a fee based battle for block space. Using 0.0005 fee always works for me to get into the next block.

I think fee should be proportion on what is the value we currently have because what if the value hit it's highest price then .0005 every transaction will really affect you because it will have a bigger price.

The fee (basically) should be proportionally to the size of the tx and obviously of your demand (high confirmation- low conf). Btw bitcoin fees are still low respect other method of payments.

escrowboy

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Quote from: vdotcash on July 10, 2016, 09:44:19 PM

Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Indeed we are now in a fee based battle for block space. Using 0.0005 fee always works for me to get into the next block.

I think fee should be proportion on what is the value we currently have because what if the value hit it's highest price then .0005 every transaction will really affect you because it will have a bigger price.

jorgens

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to get the first blocks confirm, if you are waiting for a coffee, for example, and the first two blocks will take 10 minutes to confirm time the coffee get cold.

AioFox

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Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Really? I've never actually heard of that before. Can't you get help through support and back up with some evidence so you get your coins back? Anyway i think one main problem of using bitcoin is that the confirmations can take quite a long time sometimes though it's not as bad as having to go through bank cheques in real life.

blackmachinegun

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Quote from: Blitzboy on July 10, 2016, 03:59:20 PM

I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

I think the user protection can you do when you were deceived by someone to perform a transaction dispute it is a nice facility.
but people can also do a fake dispute and said that they have been hacked by someone and it often happens in the case of paypal

safari88

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Quote from: romero121 on July 11, 2016, 01:18:10 AM

Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

This is not all agreeable, because once you send or receive within few seconds it notifies certain amount as unconfirmed transaction. This itself gives the trust that amount is transferred or received. Confirmation is an added proof.

honestly I have ever experienced, about two years ago, when my friend sent it to me bitcoin. and it was foolish without adding extra cost so I had to wait for the transaction was for 1 week. indeed the biggest problem is the bitcoin transactions that sometimes takes a long time to get one confirmation

diodio5

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Quote from: Vhern on July 09, 2016, 06:15:43 AM

My main problem is I can't transfer it to fiat currency without going to identification process it kind a weird, and I can only transfer a large amount of BTC if I verified all the requirements with my local wallet.

yeah I think to this day we still need exchange to make an covert bitcoin for fiat. we can not do the conversion directly to fiat? or maybe
Coinbase can do that. but we definitely need a third person. I think the exchange requires your identity for transferring money into your bank

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Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

This is not all agreeable, because once you send or receive within few seconds it notifies certain amount as unconfirmed transaction. This itself gives the trust that amount is transferred or received. Confirmation is an added proof.

vero

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Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

if I didn't wrong for the transaction not get confirmation will be returned to the sender address wallet, which I know like it was sorry if I'm wrong.

goinmerry

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Shops. I mean retail shops. I thought there will be growth in this field of trading but none has popped up yet. Still the same shops who accepts bitcoin. Sometimes I feel hopeless like it is not growing in terms of that industry.

ajun96

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Quote from: Vhern on July 09, 2016, 06:15:43 AM

My main problem is I can't transfer it to fiat currency without going to identification process it kind a weird, and I can only transfer a large amount of BTC if I verified all the requirements with my local wallet.

nope i think you can withdraw with a third person you can sell your bitcoin in the third person knows the individual so that they directly transfer money into your bank and you can send bitcoin to address of them. to avoid exposure of the identity I've always used this way and I was very comfortable with this

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Quote from: gilangIDR on July 10, 2016, 06:16:00 PM

bitcoin biggest problems today is in terms of delivery confirmation. sometimes multiple delivery takes more than 30 minutes, whereas the shipping fee already given the high numbers. My expectation delivery confirmation can be faster.

But I do not feel like that, the delivery is always instant in my opinions but the confirmation it's always taking a more patience to do this. yes, that's true I ever feeling with your problem, the big fee is already given but for we know there is another transaction is waiting not only the transaction of us.

vdotcash

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Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Indeed we are now in a fee based battle for block space. Using 0.0005 fee always works for me to get into the next block.

hermanhs09

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Quote from: gilangIDR on July 10, 2016, 06:16:00 PM

bitcoin biggest problems today is in terms of delivery confirmation. sometimes multiple delivery takes more than 30 minutes, whereas the shipping fee already given the high numbers. My expectation delivery confirmation can be faster.

It is true,i dont complain about it because for me,it is alright now,but
i was waiting like 6 hours to get 1 confirmation like a week ago,sometimes it just takes so long to get you're transaction confirmed,that i get really annoyed.

gilangIDR

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bitcoin biggest problems today is in terms of delivery confirmation. sometimes multiple delivery takes more than 30 minutes, whereas the shipping fee already given the high numbers. My expectation delivery confirmation can be faster.

Blackmet

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I can't see any problems on my own bitcoin experience, but many people just complaining about long transaction time and other stuff.

MTBTT

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Quote from: FlipBit on July 10, 2016, 03:50:59 PM

No real problems here. If there were more prepaid cards like BitPay and Shift offered, it would make in-store purchases much easier for everyone.

Yeha bitpay allows us to make a payment at an online shop but why is still a little online shop on the Internet that adopt bitpay? not this will provide a great advantage for them?

bitbunnny

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Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

redsn0w

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#Free market

Quote from: Blitzboy on July 10, 2016, 03:59:20 PM

I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

So are you saying that paypal is more better than bitcoin (as a method of payment) due the chargeback possibility? I think it's a flaw the chargeback, this is why it's not possible to chargeback a bitcoin transaction.

If you deal face to face it's simple, send your bitcoin and conclude the deal.
If you spend your btc online just use an escrow service (like bitrated).

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