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Topic: What is big problem in using of bitcoin - page 45. (Read 38684 times)

sr. member
Activity: 476
Merit: 250
what problem do you have in bitcoin.
I do not have many problems with bitcoin. I have only ever experienced a problem transfer into my wallet purse over many days.
yeah I also did not experience any significant problems in bitcoin. probably only a matter of time at the time of the transaction confirmation in bitcoin. but I still can understand this issue may be quickly resolved
hero member
Activity: 700
Merit: 500
what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .
Yeah that is pretty much the only problem. We also need to have more consistent blocks. They are either very close to each other or very far from each other. Other than that, the only other problem is that you have to pay transaction fees. But it is only a very small amount.
hero member
Activity: 518
Merit: 500
for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..
Due we can get a profit from these price changes that currently make people interested investing in bitcoin if the price has been determined the range specified price is certainly at this time we will not be able to see bitcoin stay at the high prices.
sr. member
Activity: 350
Merit: 250
what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .
Nothing Much! Bitcoin has big scalability issues. Even Gavin Andersen, the guy who proposed ininially 20mb blocks saying they will be fine,
admited;
Scheduling an increase to the maximum block size now is a s
hort-term, “kick the can down the road” fix. It is ugly, but necessary.

Bitcoin isn't backed by any kind of big corporation, and this is why it has slow development, along with the consensus-first policy.
However, bitcoin needs an industry-grade developer team to catch up with consumer needs.
Many proposals aim to improve scalability, like Lightning Network, but they are way too far from implementation stages. So a block increase is required and as there are infinite ways to increase the limit, there are infinite many different opinions, making consensus almost infeasible.

So don't tell me bitcoin doesn't have it's issues. If you think it doesn't, you can freely buy some "incredibly cheap coins" at 220$ per coin right now.
I think it is an big problem becasue why would we use bitcoins if we can use gold you know i dont see the point what is the problem i dont want to use the bitcoin,
full member
Activity: 154
Merit: 100
what problem do you have in bitcoin.

For me, bitcoin is best seriously i have no problem with it,
Only one think that where i m living in my country, mostly people have no awareness about bitcoins, even my family don't know about it. I wish, bitcoin will get topest place like the dollar has a top place in a fiat currencies.
I wish in all over the world people know about it and use it in trading and investment like us.
hero member
Activity: 574
Merit: 500
for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..

Well, yes. I think a lot of people have problems with the changing value of bitcoin that prevents them from doing day to day business with bitcoin. However, this is also good because it means that bitcoin is completely separate from the fiat network.

Also bitcoin prices can go up by a lot like shown in the period of time. So really, that's not a valid concern Cheesy
sr. member
Activity: 364
Merit: 250
I don't have much problem with bitcoins...except the waiting time,,, it takes a little time in transferring your earning to your account and when processing your cashouts into dollars...

 Smiley

Everyone is having the same problem but it is acceptable as bitcoins is giving us so many other benefits, sometimes confirmations takes time but it is not everytime sometimes the transactions are confirmed in fraction of minutes, The problem I am facing with bitcoins is no one is aware about the bitcoins where I live and no merchants accepts bitcoins as a mode of payment.
There are not that many problems but the bad thing of Bitcoin is that you cant spend it everywhere and that is really bad because you have to know that it must be more acceptable.
So it will be also more used and also more popular and maybe it works perfect when the value is also going to rise.
hero member
Activity: 896
Merit: 500
what problem do you have in bitcoin.
I do not have many problems with bitcoin. I have only ever experienced a problem transfer into my wallet purse over many days.
sr. member
Activity: 375
Merit: 250
My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...

it's because of the fee very low not appropriate, or because the previous transaction has no fee also

usually you don't need more than 500 satoshi or 1k for any small transaction below 1 btc

i also encountered that problem before.. the confirmation is delayed sometimes but not all the time
but its not the issue for what matters most is they must send the confirmation... Wink
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..
Not only the changing price is become the main problem on bitcoin , in my opinion, another main problem is block confirmation. Yeah, take a long time just to wait for a block confirmation although I spend a more amount to fee.
sr. member
Activity: 375
Merit: 250
for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..
legendary
Activity: 3248
Merit: 1070
November 18, 2015, 09:09:30 AM
#82
My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...

it's because of the fee very low not appropriate, or because the previous transaction has no fee also

usually you don't need more than 500 satoshi or 1k for any small transaction below 1 btc
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
November 18, 2015, 09:06:25 AM
#81
The major problem is it is utterly useless for 99.99999% of retail transactions. "Accepted Nowhere" wouldn't be 100% true but for all intents and purposes it is an accurate statement.

Begs the question - what is it useful for and why are people paying $330 per BTC? Seems like a bit of a Tulip-mania where most users are just chasing returns rather than use the coins for conducting commerce.
When you're talking about online retail, there is many big companies accepting Bitcoin with a rebate Smiley.
Begs the question - what is it useful for and why are people paying $330 per BTC? Seems like a bit of a Tulip-mania where most users are just chasing returns rather than use the coins for conducting commerce.
Supply and demand, my friend. And it's a free market.
Synchronization too slow. It's definitely not safe to be in an online wallet.
Use a SPV client, it literally takes only minutes to finish synchronization.
hero member
Activity: 952
Merit: 503
November 17, 2015, 03:31:39 PM
#80
My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...
hero member
Activity: 631
Merit: 500
November 17, 2015, 03:25:52 PM
#79
I don't have much problem with bitcoins...except the waiting time,,, it takes a little time in transferring your earning to your account and when processing your cashouts into dollars...

 Smiley

Everyone is having the same problem but it is acceptable as bitcoins is giving us so many other benefits, sometimes confirmations takes time but it is not everytime sometimes the transactions are confirmed in fraction of minutes, The problem I am facing with bitcoins is no one is aware about the bitcoins where I live and no merchants accepts bitcoins as a mode of payment.
sr. member
Activity: 294
Merit: 250
November 17, 2015, 04:53:02 AM
#78
My problem is getting free bitcoin,its so hard Grin
member
Activity: 104
Merit: 10
November 17, 2015, 04:01:02 AM
#77
Synchronization too slow. It's definitely not safe to be in an online wallet.
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
November 17, 2015, 03:51:17 AM
#76
The only problem i have when i was new or most of the newbie have is to remember the bitcoin address which is quite unique, long and difficult than other past payment processor.
hero member
Activity: 644
Merit: 500
November 17, 2015, 01:54:03 AM
#75
The acceptation is also a problem. People just read and hear about hacks. We need a lot of positive news. For using it more we need those more people.
Yeah we have hacking and spamming problem in Bitcoin and Now currently for price uprisel according to dollars. then We can't take money as cash without the help Electronic device or online transactions. We need to fix issues as soon as possible
newbie
Activity: 1
Merit: 0
November 17, 2015, 01:25:13 AM
#74
Yeah I was trying to buy bitcoins the other day and it took ages to figure out all the IDs and stuff required.

Could be improved to a less complicated version IMO.  Undecided
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